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.
Sour Lake is a city in Hardin County, Texas, United States. The population was 1,667 at the 2000 census. It was originally named Sour Lake Springs, after the mineral-laden spring water that flowed into the nearby lake. The city is part of the Beaumont–Port Arthur Metropolitan Statistical Area. Sam Houston visited the " Sour Lake" in his later years. The lovely little town is also home to one of the biggest sinkholes in Texas. Sour Lake is the oldest surviving town in Hardin County, first settled around 1835, when Stephen Jackson received 4,428 acres (17.92 km) at the site. It is called by some the "Gateway to the Big Thicket". Sour Lake became a short-lived boomtown with the discovery of oil in 1901, shortly after oil was found at the nearby Spindletop salt dome. It is known as the birthplace of Texaco. Formed in 1903, the Texas Company (Texaco's corporate name) is one of the three major oil companies that can trace its origins to the oil fields around Southeast Texas. The Sour Lake oilfield produced about 90,000,000 barrels of oil up to 1948, when it was producing about 3,500 barrels daily and new drilling was still underway. Today the Sour Lake oilfield is the oldest continuously-producing oil field in the world.