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.
Choctaw is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. The population was 9,377 at the 2000 census. While Choctaw is located in the geographic center of Eastern Oklahoma County, it enjoys relative prosperity on the fringes of the urbanized eastern edge of Oklahoma City. Choctaw is the site of an annual "Oktoberfest" event put on every year by the city, Old Germany Restaurant and a large group of volunteers.