When the mortgage payment is three months past due, the Louisville Bankruptcy Attorney lender will file the notice of default with the County Recorder’s Office. Once this notice has been filed, the pre-foreclosure process has begun. Following a summary judgment, the property is scheduled for a master commissioner sale, where it will be auctioned off to the highest bidder. These foreclosure sales are typically conducted by a court-appointed commissioner and are advertised in local newspapers. If the homeowner does not file a bankruptcy prior to the sale the only remaining right the homeowner has is the right of redemption.

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.

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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.

Commercial & Residential Foreclosure

Most states do not allow terminating a tenancy because a property forecloses. Without some protection foreclosure & landlord-tenant lease, evictions would happen often and quickly. If you are worried about foreclosure, a good Louisville, Colorado real estate Lawyer might be able to help. A Lawyer can increase your chances of keeping your home, and help minimize the financial impact if keeping it proves impossible.

Our team of skilled attorneys are here to offer their legal expertise and guidance, ensuring that you can have peace of mind and relief from the stresses of legal battles. The modifications could result in lowered interest rates, a lowered principal, or reduced attached fees. The lender could also extend the length of the term, or hold monthly payments to a designated percentage of the household income. This effectively stops all creditors and debt collectors from attempting to collect from you during the bankruptcy process, and also stops foreclosure proceedings. Contrary to some bankruptcy myths, there are times when filing for bankruptcy may be the right solution for an impending foreclosure.

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.

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.