Kentucky foreclosure law allows you certain Louisville Bankruptcy Attorney rights, and our attorneys are here to defend those rights. If you need a foreclosure defense lawyer Kentucky, O’Bryan Law Offices is here for you. Our creditors’ rights and foreclosure team often calls upon the knowledge of the firm’s real estate and transactional attorneys for support, including our in-house title examination staff. Our law firm is well prepared to continue to serve the client if a collection matter becomes a bankruptcy matter, as often happens. In each case, the firm’s resources are focused on the delivery of cost-effective and successful representation on behalf of our clients. At other law firms, you pay your bankruptcy lawyer, and then you are handed off to a secretary, paralegal, or younger attorney.

One way to stop foreclosure is an Agreed Order – an agreement between the debtor and the mortgage company to stop all court actions. Sometimes creditors want to collect their money more quickly than you can comfortably afford. A Chapter 7 bankruptcy provides relief from other types of debt such as medical bills and credit card bills, and this option may allow you to catch up on your mortgage payments and keep your home.

Reinstating The Mortgage Before The Foreclosure Sale In Kentucky

At O’Bryan Law Offices, we’re highly passionate and skillfully successful when it comes to helping Kentucky and Indiana residents file bankruptcy. We understand that most people hear bankruptcy and imagine it as something they never want to resort to. However, our experienced attorneys know that it is simply a legal option for debtors to discharge their debts. Chapter 7 and Chapter 13 filings can and often do help those who are drowning in debt a helping hand. Thankfully, borrowers have a few options for avoiding a foreclosure complaint (and subsequent foreclosure auction).

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The project temporarily displaced persons in low-income housing, but Stites & Harbison attorneys have worked closely with these families to explain relocation options. They also helped the families get settled into temporary housing until permanent housing becomes available. If you are not a current client, do not include any confidential or secret information in your email.

We can assist with the contract to acquire property, either as a direct purchase or as an option, and to form a limited liability company (LLC) for that purpose. After success in planning and zoning, we can do ground leasing and follow the project through to its completion. Each year Premier Bankruptcy Lawyers (PBL) researches and recommends leading bankruptcy lawyers across the United States. PBL lists only one attorney and firm in each city and inclusion to the guide is by invitation only. In this article, you’ll find details on foreclosure laws in Kentucky with citations to statutes so you can learn more. How courts and agencies interpret and apply the law can also change.

With the help of our knowledgeable and experienced lawyers, you can take the necessary steps to get back on your feet again. One inevitable challenge in any business is collecting what one is owed. McBrayer represents numerous lending institutions, business creditors and individuals in commercial collection and foreclosure matters. Our attorneys and staff stand ready to assist our clients from a simple demand letter to highly complex litigation.

These are just some of the reasons to consult with an attorney if you’re facing a foreclosure. 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. Tax law covers issues involving federal, state, and local taxes for individuals and businesses, ranging from compliance and tax avoidance strategies to audits, tax debts, and disputes with tax authorities. A loan default occurs when you fail to do what the mortgage note requires.

Asking for discovery or a jury trial may postpone the matter for much longer. You do need to decide however at the start of the case do you want to litigate and delay or negotiate and save the home. Our experienced bankruptcy attorneys at O’Bryan Law Offices can help you choose the best option for your situation. We’ve helped many clients in the Louisville area save their homes and start fresh. Filing for Chapter 13 bankruptcy may increase your opportunities to keep your home, but you must be able to afford your monthly mortgage payments after bankruptcy.

In most Kentucky cases, the lender will receive a deficiency summary judgment. We mentioned deficiency judgments in a previous section, but now we’ll go into more detail. A deficiency judgment occurs if the foreclosed home sells for less than the borrower owes on it. As an example, let’s say that you owe $450,000 on the home, but it only sells for $350,000 as the foreclosure sale price. If you are facing the possibility of foreclosure, a good Louisville, Kentucky real estate Attorney can help. At the very least, they will be able to inform you of your legal options.

We spend time with you to ensure you achieve your needs, get a fresh start, and get out of debt. We do less than 20 cases monthly to ensure each client gets the needed attention, debt relief, and a better future. Take control of your situation and contact Winton & Hiestand Law Group, your trusted partner in protecting the rights of consumers. 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. Many people whose vehicles have been repossessed believe they do not have any rights because they fell behind in the payments. Even if you defaulted on your auto loan, you still may have certain rights in the vehicle under the law.

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.

Explore AllLaw’s library of free legal articles, or get connected with an attorney. Likewise, a HUD-approved housing counselor can provide helpful information (at no cost) about various alternatives to foreclosure. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. This procedure allows you to sell your home even though the proceeds will be less than what you still owe. It is up to the lender as to whether you will still be responsible for the deficit or whether they waive it. We understand that the memories you’ve made there are what truly made your house your home, and we want to do everything we can to help you preserve that.

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