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.
Orangefield is an unincorporated town located about twelve miles east of Beaumont in Orange County, Texas, United States. It is part of the Beaumont–Port Arthur Metropolitan Statistical Area. In 1913, the town began to develop around the oilfield just west of Orange. After a major producing well was discovered, a post office was established for Orangefield in 1922. The population level reached an estimated 1000 people by the mid-1930’s, but within the next two decades would decrease to about 500 by the early 1950’s. As of 1990, the estimated population was about 725. The Orangefield Independent School District serves area students.