So usually, your lender will wait until after the third or fourth consecutive missed payment, accompanied by numerous warning notices, before proceeding. Most importantly, a foreclosure attorney represents you in court, ensuring that you follow all the procedures and processes. They also help you fill out paperwork, meet important deadlines, and even achieve a loan modification if necessary. We explore all possible options on your behalf, helping you decide which course of action is best for you.

SKO may not have a duty or legal obligation to keep Louisville Foreclosure Attorney confidential any information that you provide to us (in person or electronically) until you become a client of the firm. The further behind you get, the harder it will be to reinstate your loan and the more likely it is that you will lose your house. If you are worried about foreclosure, a good Louisville, Colorado real estate Lawyer might be able to help.

Mortgage creditors regularly turn to the experienced legal team at McBrayer. With law offices in Lexington and Louisville and a government relations practice in Frankfort, we serve clients throughout Kentucky and the United States. Upon being served foreclosure papers or upon the wrongful selling of your house, oftentimes it is all too easy to succumb to the pressures of filing for bankruptcy. And although Chapter 13 Bankruptcy is a viable option of halting foreclosure and allowing you to restructure your debts, that doesn’t mean it is the best option for you. M&P also provides a flat fee residential foreclosure service for our clients. Staffed with knowledgeable attorneys and personnel, this streamlined program allows our clients some certainty as to the overall expense of a foreclosure action.

The pre foreclosure process officially begins when you fall behind on your mortgage payments. Your mortgage company or servicer can charge certain fees during this time. Examples of these fees include late fees and inspection costs. They must also send you information about how to avoid foreclosure, as well as a breach letter.

Foreclosure Lawyers In Louisville

NASHVILLE – Working with the Nashville Bar Association, our attorneys helped with the escalating problems of people who had recently lost their jobs. Focused on providing assistance with unemployment appeals, the attorneys helped individuals receive unemployment benefits after their applications had been contested by their former employers. In all, more than 70 appeals were resolved, earning Lauren Paxton Roberts, who headed the effort, recognition by the Legal Aid Society of Middle Tennessee and the Cumberlands. By community, here are examples of ways Stites & Harbison attorneys and staff have made a difference in their hometowns.

Realtor Couldn’t Do What You Did

At Hirsch Law, we can help homeowners keep their homes through bankruptcy, loan modifications, short sales, or a deed in lieu of foreclosure. The thought of losing your permanent residence can be emotionally draining. You may have thought it would never happen to you – foreclosure. Yet, you are now faced with this real possibility, and are looking for ways to avoid having your house taken away from you. If you’re wondering if you can stop a foreclosure in Louisville, Kentucky, the answer is “yes.” Filing for bankruptcy is one of many viable options to save your home. Under Kentucky law, the new owner from the foreclosure sale gets the right to possess the property after giving you a 10 days’ notice in writing.

Asking for discovery or a jury trial may postpone the matter for much longer. You do need to decide however at the start of the case do you want to litigate and delay or negotiate and save the home. Our experienced bankruptcy attorneys at O’Bryan Law Offices can help you choose the best option for your situation. We’ve helped many clients in the Louisville area save their homes and start fresh. Filing for Chapter 13 bankruptcy may increase your opportunities to keep your home, but you must be able to afford your monthly mortgage payments after bankruptcy.

We help people file for bankruptcy relief under the Bankruptcy Code. Behind the talk of hearth and home, there exists a very real sentiment and attachment to your home. Now, in the midst of financial crisis, you face the possibility of losing your home. We have established relationships and continue to foster new ones with real estate development and management companies across the country that focus on student housing. These relationships enable us to efficiently put together plans and contracts that define student housing developments that work for the schools and for the students.

Some states treat mortgages as “non-recourse loans.” A non-recourse loan is one that is secured by the borrower’s property, but for which the borrower is not personally liable. Basically, this means that a lender in a foreclosure can take the house that was mortgaged, but nothing else. If the house sells for less than the lender is owed, it cannot go after the borrower.

Communication between you and your lender is perhaps the most important way to avoid foreclosure. Honesty is the best policy when it comes to dealing with lenders. Attorney Tracy Hirsch will help you determine if a Chapter 7 bankruptcy or Chapter 13 bankruptcy will best suit your specific situation.

A loan modification is an excellent method for lowering your monthly mortgage payment to make it more affordable. Our team of foreclosure lawyers, located at our Highly Respected Firm in Louisville, are equipped with specialized strategies all aimed at providing you the absolute best result from your unique foreclosure case. I share my knowledge by teaching Kentucky attorneys how to defend foreclosures as an instructor for NBI and Lorman. Whether you have an overwhelming amount of credit card debt, your wages are being garnished, or your home is going into foreclosure, filing for bankruptcy can protect you. If you’re in desperate need of debt relief, and are considering bankruptcy, you’ve come to the right place.

In most Kentucky cases, the lender will receive a deficiency summary judgment. We mentioned deficiency judgments in a previous section, but now we’ll go into more detail. A deficiency judgment occurs if the foreclosed home sells for less than the borrower owes on it. As an example, let’s say that you owe $450,000 on the home, but it only sells for $350,000 as the foreclosure sale price. If you are facing the possibility of foreclosure, a good Louisville, Kentucky real estate Attorney can help. At the very least, they will be able to inform you of your legal options.

Due to their lack of knowledge, they will often admit they owe the debt, fail to raise defenses, and the property is often quickly sold. After failing to file an answer the mortgage company will promptly move for judgment and sell the property. An experienced foreclosure or bankruptcy attorney will be able to give you the most relevant answer for your case. We understand the fear of losing one’s home can take a heavy toll on a person’s emotional and physical well-being.

Consensual liens like a mortgage voluntarily give the lienholder an interest in the property. The non-consensual liens include tax, mechanic, and judicial liens, which can also result in foreclosure. Both Kentucky or Indiana are judicial foreclosure states, meaning foreclosure requires court action.

So, the plaintiff immediately wins when Defendant fails to raise factual and legal issues properly and admits the debt is owed. You must have both legal and raise factual issues to be decided to delay foreclosure. The truth is, it takes time to sell a home or avoid foreclosure. Fighting a foreclosure or filing bankruptcy gives you that time.