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.
Tennessee Colony is an unincorporated community in western Anderson County, Texas, United States. It lies just off U.S. Highway 287 northwest of the city of Palestine, the county seat of Anderson County. Its elevation is 364 feet (111 m). Four major state correctional facilities, the Beto Prison, the Coffield Prison, the Michael Prison, and the Gurney Transfer Facility, are located near Tennessee Colony and use the community's name in their mailing addresses. Although it is unincorporated, it has a post office and four ZIP codes: 75861, 75880, 75884, and 75886.