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.
Vestal is a town within Broome County in the Southern Tier of New York, and lies between the Susquehanna River and the Pennsylvania border. As of the 2000 census, the population was 26,535, estimated to have grown to 27,423 in 2005. The Town of Vestal is on the south border of the county and is west and southwest of Binghamton. Vestal is home to Binghamton University which draws visitors to the town through its entertainment and sporting events. The university adds more than 14,000 students to the town and employs more than 3,000 faculty and staff.