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.
Freeman is a city in Hutchinson County, South Dakota, United States. The population was 1,317 at the 2000 census. Located in southeastern South Dakota - in the center of a triangle formed by Sioux Falls, Yankton and Mitchell - the city of Freeman has a population of about 1,300 and serves a community of about 8,000. Established as a railroad stop in 1879, Freeman quickly became a center for immigrants, primarily Germans from Russia, who had arrived in the mid-1870s. The town was not officially incorporated until 1893. By that time, however, Freeman had already become a center for residences, education, commerce and services. And that foretold the town's destiny. Today, Freeman enjoys a strong sense of history and tradition. Freeman's slogan "Rich Heritage, Bright Future" is more than just words. Three examples are the Freeman Area Veterans Memorial along Sixth Street, the Heritage Hall Museum Complex south of the Freeman Academy campus and Schmeckfest, the annual celebration of the ethnic foods and traditions held every spring. The community continues to reflect the agricultural base on which Freeman was established 130 years ago. But today this thriving city also reflects a broad-based economy that includes strong retail, professional services and manufacturing components. The community's commitment to education - as demonstrated by two strong schools - is balanced by its appeal as a retirement center. The comprehensive medical services and sense of community appeal both to families seeking a good environment for raising children and senior citizens wanting to retire in comfort and security.