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.
Norman is a city in and the county seat of Cleveland County, Oklahoma, United States, and is part of the Oklahoma City metropolitan area. It is located in central Oklahoma, approximately 20 miles south of downtown Oklahoma City. As of 2009, Norman was estimated to have 106,957 full-time residents, making it the third-largest city in Oklahoma. It is the largest city in Cleveland County and is the county’s center for business and employment. In 2008, CNN/Money Magazine ranked Norman as the 6th best small city in the United States, the highest of any city in Oklahoma and the American Southwest. Founded during the Land Run of April 1889, and formally incorporated in 1891, the city’s economy is primarily based on higher education and related research industries. Norman is home to the University of Oklahoma, the largest university in the state with approximately 30,000 students enrolled.