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.
Bassett is a census-designated place (CDP) in Henry County, Virginia, United States. The population was 1,338 at the 2000 census. It is part of the Martinsville Micropolitan Statistical Area. The town was founded along a rail line by the same family that later started Bassett Furniture. Bassett Furniture's headquarters have remained in Bassett, Va. , since it began in 1902. A few miles outside of Bassett is Billy's Flea Market, which is home to frequent traditional music and dance shows in the traditions of the Blue Ridge area, as well as an annual Jamboree .