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.
Hammon is a town in Custer and Roger Mills counties in the U.S. state of Oklahoma. Located at the junction of Oklahoma Highways 33 & 34, the majority of the town is in Roger Mills County, but some of the town limits extend into Custer County. The population was 469 at the 2000 census.