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.
Bonanza is a settlement in eastern Utah in southeastern Uintah County. The name refers to a rich mineral strike. Near the community is a coal fired power plant owned by Deseret Power Electric Cooperative. Bonanza is also in the area of the Colorado Plateau where oil drilling and extraction takes place from oil shale and other fossil fuel deposits.