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.
Cedar Island is an island and a small coastal unincorporated community in eastern North Carolina and some folks believe that the area has a connection to the Roanoke Lost Colony of the late 1500s. Cedar Island is located in Carteret County and was populated with local Native Americans prior to European settlers arriving sometime in the 1700s or possibly before. It is also the location of the state ferry transportation system dock where travel can be made across Pamlico Sound to the island and village of Ocracoke in Hyde County.