Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.
Three Mile Bay is a community located in Jefferson County, New York. The elevation there is 259 feet. It was settled between 1810 and 1820. Early resident Asa Wilcox built 48 brigs, propellers, schooners, and other seafaring vessels from 1835 to 1853. Some of these vessels like the A.E. Vickery, ultimately joined the more than 500 shipwrecked vessels now resting at the bottom of the St. Lawrence River and Lake Ontario.