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.
Walker Valley is a hamlet located in the western part of the Town of Shawangunk in Ulster County, New York, U.S. , generally thought of as coterminous with the 12588 ZIP code. The population was 758 at the 2000 census. Walker Valley is one of the three geographic parts of the town that local residents use. It is centered around NY 52 in the western part of town, where it begins to slope up to the Shawangunk Ridge.