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.
Iron Station, North Carolina is an unincorporated community in Lincoln County just outside of Lincolnton. A primarily industrial town, Iron Station's population as of the 2000 census was 6,210 in 2,389 homes with a population density of 154.84/km². Iron Station also serves as a feeder community for the larger cities of Charlotte, Hickory, and Lincolnton. Iron Station is a town that was an iron mining town with train stations.