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.
Lazbuddie is an unincorporated community in Parmer County, Texas, United States. Named for local business owner, Luther "Laz" Green, and his partner, Andrew "Buddie" Sherley, the community grew up around the store they opened in 1924. Later a post office and school were established. The town has two cotton gins, a grain elevator, a hardware store, and several churches. The community's focal point is the Lazbuddie Independent School District which educates children from the surrounding rural area. Six-man football is played at Lazbuddie High School.