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.
Old Fort is a town in McDowell County, North Carolina, United States. The population was 959 at the 2008 estimated census. The town is well known for its weekly Mountain Music concerts, which draw a large audience and many musicians from the surrounding areas to Old Fort's downtown each Friday at 7:30 p.m. The first weekend of every October, Old Fort holds Oktoberfest, which is the largest handmade craft and food festival in McDowell County. Old Fort has several attractions, including Andrews Geyser and the Arrowhead Monument. The granite arrowhead was built as a symbol of peace between the pioneers who settled in the area after the Revolutionary War and the Cherokee people. The Arrowhead serves as the focal point for the town, which is traversed by United States Highway 70 and Interstate 40. Additionally, residents of Old Fort are reconstructing Davidson Fort, the Revolutionary War fort that gave Old Fort its name.