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.
Hatteras is an unincorporated community in Dare County, North Carolina, United States, on the Outer Banks island of Hatteras. North Carolina Highway 12 passes through the community linking it to Frisco and Ocracoke (via a ferry in Hatteras). It is south of the famous Cape Hatteras and the Cape Hatteras Lighthouse in Buxton. The inlet that the ferries use is Hatteras Inlet.