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.
Ladysmith is a city in Rusk County, Wisconsin, United States. The population was 3,932 at the 2000 census. It is the county seat of Rusk County. It is the former location of Mount Senario College, which closed in 2002 due to significant debt. For the 2006-2007 school year, part of the former campus was operated as Concordia Preparatory School, a private Christian high school. That institution also faced financial problems and closed. Silver Lake College of Manitowoc, Wisconsin will be offering courses at Mount Senario, renamed "Mount Senario Education Center", beginning September, 2009. A tornado hit Ladysmith on Labor Day in 2002.