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.
Atlantic is an unincorporated community in eastern Carteret County situated along the Core Sound, located in what was known to early settlers of the area as Hunting Quarters. It is the location of US 70's eastern terminus and the ferry terminal for journeys to the Cape Lookout National Seashore. The Atlantic Navy Airfield (now closed) is located in Atlantic; it is now used as a satellite airfield for nearby military bases. Neighboring communities include Sea Level and Cedar Island; the nearest municipality is Beaufort, North Carolina. Atlantic is also home to Luther L. Smith and Sons Seafood. Commercial fishing has long been the primary means of earning a living in this community. Atlantic had the first Public Highschool in Carteret County. It was an incorporated community from 1905 until 1920. It had three different mayors during this time.