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.
Elm Mott is an unincorporated community in McLennan County, Texas, United States. It is located near the intersection of Interstate 35 and Farm to Market Road 308, eight miles north of Waco. Elm Mott is part of the Waco Metropolitan Statistical Area.