This allows the lender to foreclose on your Louisville Bankruptcy Lawyer home and hold a sale. This is when having qualified foreclosure attorneys on your side will be invaluable. If you have been served with a foreclosure complaint and need your interests protected, our attorneys and staff are prepared to take the appropriate measures to timely file a response on your behalf. We monitor the ongoing court action and report the status to you. We provide our expertise in determining bidding options, obtain first mortgage payoffs if applicable, and apply for, and obtain excess funds when available. Federal and state laws require that you be in default for at least 120 days before the servicer officially begins the judicial foreclosure process against you.

While keeping your home might not always be possible, an Attorney can increase your odds of success, and help you minimize the negative impact if you do end up losing your home. Many borrowers are unaware that they have certain rights and protections under state and federal law. Most attorneys are well aware of these protections, and will inform homeowners of their legal rights. Therefore, not only will we inform you of your rights, but we will also help you defend them.

Our Foreclosure Department is staffed by skilled real estate attorneys licensed to practice in the states of Ohio, Kentucky,Indiana and West Virginia. Foreclosure defense offers options for a homeowner who falls behind on a mortgage, such as alleging lender misconduct or negotiating a loan modification, repayment plan, forbearance agreement, or short sale. If you’re facing foreclosure and you want to defend against it, working with a foreclosure attorney is your best bet.

Foreclosure Legal Services

We constantly strive to create and improve upon a workflow process that reduces the amount of time it takes for our client to recover its asset, but without sacrificing the quality of the process. Under a loan modification, borrowers and lenders can negotiate new terms of a mortgage. If the lender agrees, this can take place whether or not you are current on your payments, late, in default, have filed for bankruptcy, or are in foreclosure. Another viable solution is to try to negotiate loss mitigation with your mortgage lender. Ideally, you could call them as soon as you realize you might have trouble paying your mortgage. In fact, the sooner you call, the more time you give yourself to find a solution with the lender.

For a bank, a foreclosure is simply a last resort to cut their losses. Kentucky Legal Aid is the only free, civil legal services provider in South-Western Kentucky. Since 1977 we have specialized in providing top-tier legal assistance to people living in poverty, the disabled, and senior citizens. Many Kentucky mortgages have a provision that requires the lender to send a breach letter if you fall behind in payments. If you don’t cure the default, the lender can accelerate the loan (call it due) and go ahead with the foreclosure.

Franklin County Foreclosure Defense Lawyers

While you are trying to settle with them and obtain a modification or workout they may continue the process of selling your home. If you fail to use an attorney who guards for this the homeowner gives up several rights. If an answer or motions fail to raise issues and claims the home can be sold while you are attempting a workout with the mortgage company. The Summary Judgment motion is a tool for a quick judgment when an answer admits enough facts to avoid a trial. Default and summary judgments are tools to win the lawsuit quickly. These motions are filed with supporting affidavits and evidence such as payment history, notes, and mortgages.

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.

Victor E Tackett Jr Law Office

Our attorneys strive to efficiently handle collection and foreclosure cases in accordance with Kentucky law and the local procedures of each county. In many cases, with effort and attention to detail, such matters can be brought to a conclusion relatively quickly and inexpensively. Where novel or complex issues arise in a seemingly routine case, our experienced attorneys and staff are prepared to identify them and deal with them.

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.

To learn more about how bankruptcy can help homeowners facing foreclosure, contact the Kentucky bankruptcy attorneys at O’Bryan Law Offices. Defaulting on mortgage payments means that the foreclosure will be judicial. This simply means that the mortgage company or lender has filed a lawsuit against you and asked the court to allow a foreclosure sale.

If you are still in the house after 10 days, the new owner can get a writ of possession from the court and the sheriff can set you and your things out of the house. A Chapter 13 bankruptcy can allow you to catch up on your mortgage over a three-to five-year period while you make your regular monthly mortgage payments. Either a Chapter 13 bankruptcy or a Chapter 7 bankruptcy can help you get rid of lower-priority debts so that you can focus on your mortgage and other essential bills. The court will enter a judgement of foreclosure, say how much you as the homeowner owe the lender and give you a short time to pay the full amount. If you don’t pay within that time, the property will be sold by an officer of the court.

At Hirsch Law, there’s no judgment — only compassion, respect, and understanding. With a distinguished group of attorneys and legal assistants working alongside sophisticated, experienced business professionals, our workforce is the heart of MDK. Facing the threat of mortgage foreclosure can be devastating. Our legal team will work to defend your home and explore options to keep it. Our experienced attorneys in Louisville, KY, will help you navigate the complexities of debt collection and protect your rights.

Our attorneys are pleased to help you decide your financial future. We offer free initial consultations and are available for evening and weekend appointments. We offer language services in Spanish, German, Italian, Mandarin Chinese, Czech and Korean.

For example, a homeowner who misses a mortgage payment is in default. The homeowner can file a Chapter 7 or Chapter 13 bankruptcy up to the sale date, but it must be filed before the sale. The owner loses any interest or rights to the property after the sale happens. Failing to file a Chapter 7 or 13 before the sale also triggers a possible IRS debt.