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.
Elizabeth City is a city in Pasquotank County and Camden County in the State of North Carolina. With a population of 17,188 at the 2000 census, Elizabeth City is the county seat of Pasquotank County. Because Elizabeth City boasts a high degree of economic integration with its neighboring counties, and the majority of the population in Camden, Pasquotank, and Perquimans County is concentrated in this city, Elizabeth City has been designated as the heart of the Elizabeth City Micropolitan Statistical Area, with a population of 57,267 as of 2004. Because the area outside this city is sparsely populated, however, Elizabeth City only shares a border with one town—the consolidated city-county of Camden. The largest city in the Elizabeth City uSA, this town is not only the economic center of this region, but it is also home to many historical sites and cultural traditions. Known as the “Harbor of Hospitality", Elizabeth City has had a long history of shipping due to its location at the narrowing of the Pasquotank River. Founded in 1794, Elizabeth City prospered early on from the Dismal Swamp Canal as a mercantile city, before later shifting later into a varied industrial and commercial focus. While Elizabeth City still retains its extensive waterfront property, it is thoroughly linked to neighboring counties and cities by interstate highways and bridges and serves as the site of a US Coast Guard Base. The city has also been cited as one of "The 100 Best Small Towns in America" by author Norman Crampton.