I just wanted to take a minute to thank you for your time Louisville Foreclosure Attorney and effort in helping me through a very difficult situation with my house. It has been a very difficult year for me and I appreciate everything you did. Behind the talk of hearth and home exists a very real sentiment and attachment to your home. Now you find yourself facing the very real possibility of losing your home.

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Or, if you want to save your home, filing for Chapter 13 bankruptcy might be the answer. To find out the options available, speak with a local bankruptcy attorney. During the preforeclosure period, the servicer can charge you various fees. Also, in most cases, federal law requires the servicer to let you know how to avoid foreclosure, and most mortgage contracts require the servicer to send you a breach letter.

When To Hire A Foreclosure Lawyer

Pre-foreclosure usually has more disadvantages than it does advantages. Once the homeowners have reached the pre-foreclosure stage, there isn’t much they can do to save their property. Your credit score is affected as soon as you quit making mortgage payments. However, if you’re behind on your monthly payments, it might open the door for loss mitigation options you wouldn’t have had if you weren’t behind on your mortgage. The pre-foreclosure on a home occurs before the official foreclosure proceedings.

At this time, homeowners have several options to stop foreclosure. They can negotiate with their lender on their monthly payments or settle the debt by a deed-in-lieu-of-foreclosure or a short sale. McBrayer offers a range of options for our clients who need to collect on the obligations of their customers or borrowers, whether in a consumer or commercial context. McBrayer regularly represents local and regional banks, mortgage lenders, and non-profit housing agencies in collection and foreclosure matters. McBrayer also frequently represents large and small businesses and individuals in collection matters.

Filing your own answer without an attorney will often speed up the foreclosure process. [newline]Improper charges to the loan can be challenged by motions to deny the mortgage company’s claims and lawsuits may be brought against the mortgage company or servicer. A Kentucky statutory right or claim against a law firm or lender can often be litigated in bankruptcy court which is often more generous to debtors. It’s essential to note that the redemption period is not the same as the right of redemption with is the right to bring the property current. The right of redemption is a state law homeowner’s right to stop a foreclosure sale by paying off the mortgage debt before the sale happens.

It details the legal steps required for a new owner to reclaim property from a resident after a foreclosure sale. Our resources can help you navigate this process, including the variations in legality and timelines across different states. The redemption period is short and most people cannot come up with the money after the foreclosure auction. Even if there was a foreclosure auction a foreclosed home may still belong to foreclosed homeowners because until the home is paid for the buyer only has an equitable interest in the home. With regard to foreclosures and the landlord-tenant lease eviction laws, this article explains the rights of both tenants and landlords.

In this article, you’ll find details on foreclosure laws in Kentucky with citations to statutes so you can learn more. These are just some of the reasons to consider consulting a lawyer if you’re facing a foreclosure. The first notices you receive will offer good information about foreclosure prevention options that can help you. Later mail may include important notices of pending legal action. Your failure to open the mail will not be an excuse if you are sued in court for foreclosure. We understand the fear of losing one’s home can take a heavy toll on a person’s emotional and physical well-being.

If you want to start your intake, we need your Name, email address, and phone number so it can be set up and you can complete your intake at work or home. If you have questions send us a message with your email address so we can respond. We practice in Louisville, Lexington, and New Albany, Indiana.

This is a transaction where the homeowner (the “borrower”) transfers the title to the lender, and that lender then cancels the foreclosure. Once you have received the notice, a sheriff’s office representative or a process server will deliver a summons to you in person at your home. If you don’t, the lender will simply place a public notice in the newspaper.

We provide free legal advice and representation for low-income, disabled, and elderly clients in legal crises that threaten self-sufficiency or quality of life. Our team of fully certified, legal professionals represents low-income, disabled, and elderly clients in legal crises that threaten self-sufficiency or quality of life. We tried to sell it with our Realtor for months and nobody wanted it. Just before auction you were able to buy it and make it so we didn’t have to pay anything.

When you properly outline and sue the mortgage company back you can often force the lender to be more reasonable. When this happens, they either have to give the homeowner terms that are reasonable or face years in litigation. If you don’t think bankruptcy is the best answer for your situation, our attorneys can help you pursue other options. Two prominent options are reinstating the property and redeeming the property. If you file for Chapter 7, this will stop the foreclosure, but only for a certain period of time. You may be able to save your home for a few more months, which could give you the breathing room you need to prevent the sale altogether.

Even if the note and mortgage are to one spouse only, the other spouse also has the right to be given notice. Under the Truth in Lending Act, if the loan is invalid, the loan default is also invalid, which stops a foreclosure action. Invoking the right of rescission is just one of many rights and defenses. At Winton & Hiestand Law Group, PLLC we are your dedicated consumer protection attorney in Louisville, KY, committed to defending the rights of consumers. Our extensive experience makes us the premier choice for resolving matters such as debt collection violations, fair credit reporting, mortgage foreclosure defense, motor vehicle repossession, and much more. While our firm is bolstered through our professional associations, it is our internal processes that form the foundation for our foreclosure activities.