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.
Clear Lake City is a master-planned community located in southeast Harris County, Texas, within the Bay Area of Greater Houston. It is the second-largest master-planned community in Houston — behind Kingwood. The majority of the community lies in the corporate limits of Houston, while a small eastern portion is in the city limits of Pasadena and a small portion within the city limits of Taylor Lake Village. The community is adjacent to NASA's Johnson Space Center, as well as other major aerospace companies—including Boeing and Lockheed-Martin. Clear Lake City has the largest Asian American concentration within any master-planned communities inside the city of Houston. The community and its adjacent areas have a high concentration of engineers due to both NASA and the local petrochemical industries.