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.
Wakeman is a village in Huron County, Ohio, United States, along the Vermilion River and is named after Jesup Wakeman, a resident of Fairfield County, Connecticut, who was involved in western land speculation between 1800 and 1840. The population was 951 at the 2000 census. Wakeman is served by a branch of the Willard Memorial Library.