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.
Troy is a city in New York, U.S. , and the county seat of Rensselaer County. At the 2000 census, the population was 49,170. Troy's motto is Ilium fuit, Troja est, which means "Ilium was, Troy is". Troy is located on the western edge of Rensselaer County and on the eastern bank of the Hudson River. Troy has close ties with the nearby cities of Albany and Schenectady, forming a region popularly called the Capital District. The city is one of the three major centers for the Albany-Schenectady-Troy Metropolitan Statistical Area (MSA), the metro area has a population of 850,957. Troy is home to Rensselaer Polytechnic Institute, Russell Sage College, Hudson Valley Community College and the Emma Willard School, and was the hometown of Uncle Sam.