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.
Cotton Center is an unincorporated community in western Hale County, Texas, United States, located approximately 12 miles southwest of Hale Center. Until the late 1800s the Comanche tribe of Native-Americans occupied the area. In 1907, with the coming of a branch of the Santa Fe Railroad, a number of farming operations were established. Cotton Center was originally created in 1925 as a consolidated school district, with a small town site, containing the school, cotton gins and various businesses to support the surrounding farms. In 1935 a local post office opened, and the first irrigation well was drilled. By the late 1940s irrigation wells proliferated, pumping water from the Ogallala Aquifer. The community revolves around farming and is tied together by the school, which as of 2005 had 140 students in pre-kindergarten through grade 12.