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.
Alcoa is a city in Blount County, Tennessee, United States, south of Knoxville. Its population was 7,744 at the 2000 census. It is part of the Knoxville, Tennessee Metropolitan Statistical Area. As its name suggests, Alcoa is the site of a large aluminum smelting plant owned and operated by the Alcoa corporation. Formerly known as North Maryville, the town was incorporated under its present name in 1919. McGhee Tyson Airport, which serves Knoxville, is located in Alcoa.