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.
Vermilion is a city in Erie and Lorain counties in Ohio, U.S. The population was 10,927 at the 2000 census. The current mayor is Eileen Bulan. The Lorain County portion of Vermilion is part of the Cleveland–Elyria–Mentor Metropolitan Statistical Area, while the Erie County portion is part of the Sandusky Metropolitan Statistical Area. The nickname of Vermilion High School sports teams is the "Sailors", and many prominent sailboat racers of the Great Lakes have lived here. The area is noted for its many orchards, wineries, and roadside fruit and vegetable stands.