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.
Vails Gate is a hamlet in Orange County, New York, United States. The population was 3,319 at the 2000 census. It is part of the Poughkeepsie–Newburgh–Middletown, NY Metropolitan Statistical Area as well as the larger New York–Newark–Bridgeport, NY-NJ-CT-PA Combined Statistical Area. Vails Gate is in the south part of the Town of New Windsor, located on Route 32. It is defined largely by the junction of that highway with Routes 94 and 300, a busy commercial center which has the ZIP code 12584. Part of that also spills into adjacent regions of the Town of Cornwall to the south.