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.
Troup is a city in Cherokee and Smith Counties in the U.S. state of Texas. The population was 1,949 at the 2000 census. Troup lies in two counties as well as two core based statistical areas. The Smith County portion of the city is part of the Tyler Metropolitan Statistical Area, while the Cherokeee County portion is part of the Jacksonville Micropolitan Statistical Area.