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.
Mooresville is a town in Iredell County, North Carolina, USA. The population was 18,823 at the 2000 census. It is located approximately 25 miles north of Charlotte. Mooresville is the home to the corporate headquarters of Lowe's Home Improvement Warehouse, and is perhaps best known as the home of many NASCAR racing teams, which earned the city the nickname "Race City USA. " It is also home to NASCAR's NASCAR Technical Institute. The current Mayor of Mooresville is Chris Montgomery. He was elected in November 2009.