Start by reaching out to a foreclosure attorney; they’ll help you understand your options and rights. If the court finds that there are no legitimate Kentucky Bankruptcy Lawyer disputes of fact that you made in your answer or that were developed after discovery, it may grant a summary judgment in favor of the lender. This means the court has determined that the lender has a legal right to foreclose on the property without going to trial. Kentucky Solutions talked with my mortgage company and made all the arrangements for me so I wouldn’t lose my house. As wonderful as they are, I hope I never need their services again.

 

Your attorney will work with you to determine your best options and help you avoid foreclosure if possible. Our national directory features foreclosure and mortgage lawyers in every state and major metropolitan area. Reimer Law Co. was originally founded in 1971 by Dennis Reimer. In addition, the Firm specializes in handling litigation, evictions, REO, collections, deeds in lieu of foreclosure and other loss mitigation services.

 

First, you must gather all of the paperwork and documents you used to purchase or refinance your home and take it to law offices so you can be advised. To apply for a mortgage, you must provide a copy of your taxes, pay stubs, any prior bankruptcy proof, and proof of citizenship. You also must explain where the down payment comes from and prove that you intend to live there, along with numerous other items.

 

How Can I Verify The Debt Before Proceeding With Foreclosure?

 

Rather, you need one that helps you select the best solutions for your facts and situation. Stites & Harbison has a rich tradition of pro bono service in the communities where our attorneys work and live. Our firm has been recognized annually by the Nashville Bar Association for its pro bono contributions. In Louisville, we were recognized as a Public Service Challenge Pacesetter by the Louisville Pro Bono Consortium, based on the firm’s commitment to devote 50 hours per lawyer annually to pro bono publico causes. Often it still leaves you with a deficiency and/or tax problems.

 

Bankruptcy And Estate Planning

 

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.

 

The average law firm will have 30 to 40 percent of their Chapter 13 cases fail and become dismissed. When you’re 30 days behind on payments, your credit score will drop 50 to 100 points. The longer the payments go, the more your score will decrease. If you decide to file for bankruptcy, your credit score will also be negatively impacted. A completed foreclosure will also affect your credit score negatively. Owning a home is a big responsibility and can come with many headaches, especially when you get behind on payments.

 

The Only Louisville Zip Code Guide You’ll Ever Need exploringlouisville.com ? When the property transfers out of your name these maintenance items are no longer your responsibility. Also, when the property transfers, many of the items such as the property taxes are paid. It was a tough situation we were in and we really appreciate your assistance. I was able to keep my house after my wife passed away…Kentucky Solutions is a life saver. Whether you need help planning for your family or you are dealing with the loss of a loved one, we can help.

 

Accordingly, they will probably make reasonable accommodations to your financial situation if it means that you will be able to make some form of payment to them. If you need the help of a private practice attorney, use the Justia Lawyer Directory to find Louisville real estate lawyers. You have an absolute right to rescind for any reason for three days after closing, until the disclosures are made or up to three years after the transaction.

 

Bankruptcy & Finances Law Attorney Now!

 

You may need to pay an amount down on a new home or lease with an option to buy. Under Kentucky laws and regulations most people will qualify for a prime rate mortgage two years after filing bankruptcy. We can file an answer to your foreclosure to give you additional time to do a work out with your mortgage company.

 

When you hire the foreclosure attorneys at the O’Bryan Law Offices, you can rest assured that we have your best interests in mind and want to help you work towards becoming debt free. We will evaluate your finances and help you choose your best debt relief option. If you have 40,000 in unsecured debt, which must be repaid and 20,000 in mortgage costs, then your plan payments will be far more than 1000 per month for a 60-month Chapter 13 plan.

 

Mediation is a defense that is available at the start of the case. Along with that are the affirmative defenses, and federal mortgage servicing laws which may not have been followed. There are over 120 different defenses and all the many programs to get your home our of foreclosure. In Kentucky, the foreclosure process can be either judicial or nonjudicial. A judicial foreclosure requires the lender to file a lawsuit against the homeowner, while a nonjudicial foreclosure allows the lender to foreclose on the property without going to court.