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.

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.

The redemption period, on the other hand, is the state laws time period after the foreclosure sale during which the homeowner might be able to redeem the property. The redemption period is a critical component of the foreclosure process. During this time, the homeowner has the right to redeem the property by paying off the foreclosure sale price, plus interest and other fees. Miss the timing, correct amount or other elements and you lose the ability to recover your property.

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However, if plan payments are not made, the case will be dismissed. If the mortgage payments are not made, the lender will file a motion to terminate the stay and foreclose. When the homeowner properly completes Chapter 13, catching up on the mortgage, the foreclosure will be dismissed. Remember that all the damage to your credit was already done when the foreclosure was filed. Filing a Chapter 13 bankruptcy will start the process of paying for items on time after the case is filed.

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If you need a competent Louisville bankruptcy lawyer to help you with any issue concerning consumer or business bankruptcy, look no further than Schwartz Bankruptcy Law Center. 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. The foreclosure process normally takes less than six months if no answer is filed.

Facing a foreclosure proceeding can cause a lot of stress, but working with an attorney helps. Don’t try to tackle this complicated and stressful process on your own. Let an experienced lawyer from O’Bryan Law Offices evaluate your foreclosure case and inform you of your legal rights.

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.

Suppose you’re facing an unexpected financial situation like a sudden death or medical emergency. Unplanned expenses can keep you from making regular payments on your mortgage and other bills. 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.