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.
Newalla is an unincorporated community in rural eastern Oklahoma County, Oklahoma, United States. Newalla is an adaption of the Osage name for the Canadian River. The post office was opened June 22, 1904. Located just west of State Highway 270, north of Interstate 40, it is a part of the Oklahoma City Metropolitan Area.