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.
Bynum is an unincorporated community in northeastern Chatham County, North Carolina, United States. Its most notable landmark is the Bynum General Store. The Store is now closed but the building is used as a community gathering space. The Bynum Front Porch Music Series runs every Friday evening rain or shine, April - November at the Bynum General Store located at 950 Bynum Road, Bynum, NC 27228, just 2.5 miles south of Fearrington Village The Old Bynum Bridge (built 1923) crosses the Haw River was closed to motor vehicle traffic in 1999, but it is currently a part of the statewide designated bicycle route. Traffic now crosses the Haw River on the newer Hwy. 15-501 bridge about 1000 feet north. The town once housed the Odell Manufacturing Company, which made textiles. A mill village was built on the hill overlooking the plant to house mill workers and their families. Many of the original houses still stand and are currently used as private homes. The mill closed and the buildings sat vacant for many years. It burned down around the year 2000.