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.
Lorane is an unincorporated community in Lane County, Oregon, United States. It is located on Territorial Road about 20 miles southwest of Eugene; it is 13 miles northwest of Cottage Grove. The community is near the headwaters of the North Fork Siuslaw River in a valley in the foothills of the Central Oregon Coast Range. Local businesses include several wineries, including the King Estate Winery, Chateau Lorane Winery and Iris Hill Winery, and two general stores. Lorane is also home to several notable late-19th-century/early-20th-century buildings, including the Lorane Christian Church, built in 1889, the Lorane Rebekah Lodge, built in 1898, and the Lorane Grange hall, built in 1909. Although Lorane is unincorporated it has a post office; Lorane's ZIP code is 97451. Lorane is served by the Crow-Applegate-Lorane School District, including Lorane Elementary School, which was established in 1892.