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.
Clayton is a town in Johnston County, North Carolina, United States. A very small portion of the town extends into Wake County. The population was 6,973 at the 2000 census. In 2007, the estimated population was 13,842. Much of that growth can be attributed to the town's close proximity to the Research Triangle area and access to major highways such as I-40, U.S. 70, and NC 42. In 2006, construction began on the Highway 70 Clayton Bypass, a 10.5 mile stretch from Interstate 40 along the southern portion of Clayton to highway 70 business in Smithfield. It was completed in June 2008. The Town Hall is located at 111 East Second Street in Downtown Clayton. The Town Hall complex is shared with The Clayton Center Auditorium and Conference Center.