This is when having qualified foreclosure attorneys on your side will be invaluable. The foundation of Reimer Law is to provide our clients with quality service, while Kentucky Bankruptcy Lawyer still meeting timeframe requirements. The collective longevity and knowledge of the Firm’s shareholders have been contributing factors with regard to the high quality of work performed.
What Is Foreclosure In Louisville, Colorado?
Forbearance was not meant to go on indefinitely, and the extension of the deadline to request mortgage forbearance ended Sept. 30, 2021, with a maximum forbearance period of six months. When the allowed forbearance period is over, homeowners must start paying back what they owe. Once your home reaches the pre-foreclosure stage, there are some options you can pursue. Our foreclosure attorneys will explain each option homeowners should consider to avoid foreclosure.
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 2005 I purchased two investment properties and rented them both out. When the market went down, I could no longer afford either property but I also could not sell them either so I got behind on my mortgage payments. I contacted Kentucky Solutions and they were able to take them BOTH off my hands for less than what I owed by doing a Short Sale, and I don’t owe anyone a dime!
Filing Chapter 7 Chapter 13 Bankruptcy • Video – Nick C Thompson
Our experienced attorneys in Louisville, KY, will help you navigate the complexities of debt collection and protect your rights. The organizations below provide individuals with free or low-cost legal assistance with real estate issues in the Louisville, Kentucky area. However, many mortgages, like the uniform Fannie Mae/Freddie Mac mortgage, give the borrower the right to cure the default after acceleration and reinstate the loan. Check your loan documents to determine if you get a reinstatement right and, if so, the deadline to complete one.
After becoming about two payments behind in a mortgage, the lender will start refusing to take payments. When the loan is about six months overdue, the lender will send the mortgage off to an attorney and begin the foreclosure by filing the complaint. This section will cover various aspects of foreclosure in Kentucky, including ways to stop foreclosure, the foreclosure process, rights during foreclosure, and options available for borrowers facing foreclosure. Our staff is trained to identify and report all possible loss mitigation opportunities to our Home Retention Department. Tailored to your unique needs, we gather specific information to permit the client to evaluate each case for settlement opportunities.
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.
Our family was facing foreclosure and Kentucky Solutions was able to buy our house even though we had no equity. If the judge signs the order, the case is sent back to the commissioner’s office to prepare the notice of sale and two appraisers are sent to do a drive-by inspection of the property. The notice of sale is posted at or near the property in foreclosure and advertised in the local paper three times in the three weeks prior to the sale. In the United States, bankruptcy is governed by federal law, commonly referred to as the “Bankruptcy Code” (“Code”).