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.
Dallas, with a population of 1.2 million is the third-largest city in Texas and the eighth-largest in the United States. The city is the primary economic center of the 12-county Dallas–Fort Worth–Arlington metropolitan area that according to the March 2009 U.S. Census Bureau release, had a population of 6.3 million as of July 2008. The metropolitan area is the fourth-largest metropolitan area in the United States. Founded in 1841 and formally incorporated as a city in February, 1856, the city's economy is primarily based on banking, commerce, telecommunications, computer technology, energy, and transportation; only New York City and Houston are home to more Fortune 500 headquarters in the city limits. Located in North Texas and a major city in the American South/Southwest, Dallas is the core of the largest inland metropolitan area in the United States that lacks any navigable link to the sea. The city's prominence despite this comes from its historical importance as a center for the oil and cotton industries, its position along numerous railroad lines, a strong industrial and financial sector, and its status as a major inland port (due largely to the presence of Dallas/Fort Worth International Airport, one of the largest and busiest in the world). It was rated as a beta world city by the Globalization and World Cities Study Group & Network.