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.
Wells is a town in Hamilton County, New York, United States. The population was 737 at the 2000 census. The town is named after Joshua Wells, a land agent, who built the first mills in the area. The Town of Wells is in the Adirondack Park and on the eastern border of the county. It is northwest of Schenectady.