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.
Elkhart Lake is a village in Sheboygan County, Wisconsin, United States, located within the northwestern part of the county within the Town of Rhine. The population was 1,021 at the 2000 census. It is included in the Sheboygan, Wisconsin Metropolitan Statistical Area. Elkhart Lake may be best known for hosting road races on public county roads during the 1950s, later moving to a dedicated race track called Road America, which is located a few miles south of the village.