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.
Hugo is a city in Choctaw County in the southeastern part of the U.S. state of Oklahoma. The population was 5,536 at the 2000 census. It is the birthplace of Bill Moyers, B. J. Thomas, James Ling, and William Childress, serves as winter quarters for some circus performers and the oldest school - Goodland Academy - begun in 1848. It is the county seat of Choctaw County. The town is located in a cultural area of the state known as Little Dixie and the tourist area Kiamichi Country.