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.
Otto is an unincorporated community in Big Horn County in the U.S. state of Wyoming. It was named for Otto Franc, a local cattle baron who ranched in the Big Horn Basin. The community is located near the Greybull River on Wyoming Highway 30 between Basin and Burlington. Public education in the community of Otto is provided by Big Horn County School District #1. Children attend Burlington Elementary School (grades PK-6), Burlington Junior High School (grades 7-8), and Burlington High School (grades 9-12). All three campuses are located in the nearby town of Burlington.