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.
Walden is the largest of three villages of the Town of Montgomery in Orange County, New York, USA. The population was 6,164 at the 2000 census. It has the ZIP Code 12586 and the 778 telephone exchange within the 845 area code. Walden 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. The village began in the early 18th century as a mill town along the Wallkill River. One miller, Jacob Walden, was so successful the village that incorporated in the mid-19th century took its name from him. Later on, it would be the three separate knife manufacturers based in the village that brought it growth and prosperity. They are gone today, but other industrial concerns remain. Walden is best known in the Hudson Valley as the home of the Thruway Markets hypermarket complex.