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.
Davidson is a town in Iredell and Mecklenburg counties in the U.S. state of North Carolina. The population was 7,139 at the 2000 census. It is home to Davidson College. Lying along the eastern shore of Lake Norman, the town is centered around the college from which it takes its name. The town was founded in 1837 with the establishment of the Presbyterian Davidson College, named for Brigadier General William Lee Davidson, a local Revolutionary War hero in Mecklenburg County. The land for Davidson College came from Davidson's estate, a large portion of which was donated by his son.