What this means is that when loans transfer and they Louisville Foreclosure Attorney lose the documents, the lenders cannot effectively sue to collect. National Disability Rights Network – Locate legal advocacy service providers by state for people with disabilities. Contact your lender or servicer as soon as you realize that you have a problem. The mortgage holder, noteholder and servicer can all be the same company or all different companies. High interest rates and late fees can make it unmanageable, however, we can help you get things back under control. The FIRST STEP is to decide whether you want to save/keep your home or sell your home.
However, sometimes the lender will waive the deficiency and may offer cash for keys option to help fund your move. Each year Premier Bankruptcy Lawyers (PBL) researches and recommends leading bankruptcy lawyers across the United States. PBL lists only one attorney and firm in each city and inclusion to the guide is by invitation only. Take control of your situation and contact Winton & Hiestand Law Group, your trusted partner in protecting the rights of consumers.
The redemption period only lasts 6 months after the sale date. A Default judgment is granted when the homeowner fails to respond to the complaint within the designated time frame of 20 days for Kentucky. This allows the lender to proceed with a foreclosure without any further input from the homeowner and often without notice. It is important for homeowners to file an answer and assert their defenses in order to avoid foreclosure.
This is when having qualified foreclosure attorneys on your side will be invaluable. The foundation of Reimer Law is to provide our clients with quality service, while still meeting timeframe requirements. The collective longevity and knowledge of the Firm’s shareholders have been contributing factors with regard to the high quality of work performed.
Kentucky Foreclosure Defense Lawyer
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. Since 1991, I have practiced bankruptcy law and foreclosure defense in Louisville, Ky handling over 7,000 Chapter 7 and Chapter 13 cases and over 1,000 foreclosures. I am an experienced lawyer focusing on bankruptcy relief for foreclosures, small businesses, consumers, and tax debt.
The Kentucky Foreclosure Process And Options
This involves negotiating with the lender to change the terms of the loan, such as extending the repayment period or reducing the interest rate, to make the mortgage payment more manageable. A loan modification must be reasonable but Kentucky foreclosure law does not dictate what reasonable is. You have 20 days to file an answer or a default judgment may be issued, and the property will be sold. Most persons who attempt to file their own answer fail to use the property defenses or admit that they owe the debt and failed to make the payments.
How Does Pre-foreclosure Affect Your Credit?
The borrower is responsible for the difference between what the property sold for at auction and the amount of the original loan. Get the help you need to recover from a difficult financial position through bankruptcy. Our attorneys are pleased to help you decide your financial future. We offer free initial consultations and are available for evening and weekend appointments.
