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.
Wallace (also Kollock) is an unincorporated community in northwestern Marlboro County, South Carolina, United States. It lies at the intersection of U.S. Route 1 with SC 9 and SC 177, northwest of the city of Bennettsville, the county seat of Marlboro County. Its elevation is 151&feet (46 m). Although Wallace is unincorporated, it has a post office, with the ZIP code of 29596; the ZCTA for ZIP code 29596 had a population of 2,606 at the 2000 census.