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.
Hico (pronounced "high-coe") is a small city in Hamilton County in Northern Central Texas. The population was 1,341 at the 2000 census. The town motto is "Where Everybody Is Somebody!" The county seat is Hamilton some twenty miles to the south on United States Highway 281. Hico was named by its founder for his unincorporated hometown in Calloway County in southwestern Kentucky near Murray, just north of the Tennessee state boundary. The original site was on Honey Creek, but when the Texas Central Railroad was built nearby, the citizens moved two-and-a half miles to the rail line. Hico was incorporated in 1883 and became the Hamilton County shipping center. Over the years, it became a cattle and cotton market. Today ranching and tourism dominate.