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.
Alexis is an unincorporated community in Gaston County, North Carolina, United States. It is approximately 3 mi north of Stanley. Alexis had been incorporated in 1899. Alexis was formerly named Alex's Cross Roads for an individual named Alexander who owned land in the area.