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.
Sanderson is a census-designated place (CDP) in and the county seat of Terrell County, Texas, United States. The population was 861 at the 2000 census. Sanderson was created in 1882 as a part of neighboring Pecos County. It became the seat of Terrell County in 1905. Originally named Strowbridge, Sanderson served as a division point for the Southern Pacific Railroad, and was eventually renamed in honor of Thomas P. Sanderson, an engineer who was in charge of building a roundhouse for the railroad at the town. The railroad depot at Sanderson is vacant, and the community has thus far been unable to raise the funds to restore it for public access. There is an exceptionally large deer population in the area, making it a destination for hunters and outdoor enthusiasts.