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.
The town of Parsons is the county seat of Tucker County, West Virginia, in the United States. The population was 1,463 at the 2000 census. The town was named for Ward Parsons, described by one source as having once owned the land on which the town was built, and by another as having been an aged wilderness pioneer in the area. Currently the Mayor of Parsons, is Mayor Bill Rosenau. The city administrator is Jason Myers, and numerous city council members serve.