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.
Hosmer is a city in Edmunds County, South Dakota, United States. The population was 287 at the 2000 census. Hosmer was founded by Russian citizens of German descent. They settled shortly after the townsite of Hosmer was platted by a surveyor for the Chicago, Milwaukee, St. Paul & Pacific Railroad. The official date of platting was April 29, 1887. Hosmer is well known for its Germans from Russia peoples. Hosmer has traditionally been a farming community. The name for the town of Hosmer came from a railroad agent's wife's maiden name, Stella A. Hosmer.