“Individuals who file experience a sharp boost in their Louisville Foreclosure Attorney credit score after bankruptcy, whereas the recovery in credit score is much lower for individuals who do not file for bankruptcy.” Take the debtor education class after filing bankruptcy to get the discharge from creditors and become debt free. We provide free legal advice and representation for low-income, disabled, and elderly clients in legal crises that threaten self-sufficiency or quality of life. Our team of fully certified, legal professionals represents low-income, disabled, and elderly clients in legal crises that threaten self-sufficiency or quality of life. Kentucky Legal Aid is responsible for providing legal services to 35 counties.
With a combined 40 years of experience, we are focused on your success. Please read our profiles to learn more about our professional backgrounds. Approximately half of the states, including Kentucky, require the lender to file a lawsuit in court to foreclose. The lender gives notice of the suit by serving you (the borrower) a summons and complaint. You’ll get 20 days after service to file a response to the complaint. Kentuckians don’t automatically have the right to reinstate their loan before the foreclosure sale.
Louisville, Kentucky Mortgage And Foreclosure Attorneys
Our national directory features foreclosure and mortgage lawyers in every state and major metropolitan area. Kentucky is a judicial foreclosure state, which means that foreclosure cases go through the court system and the lender must file a lawsuit to foreclose on the property. The court will attempt to determine the circumstances surrounding the default through in-court hearings and documents filed by the homeowner and lender. The homeowner will also have the opportunity to try to negotiate a way to avoid losing avoid foreclosure. If the process proceeds to the foreclosure sale, a few things can happen.
If you have a legitimate defense to foreclosure and want to fight to keep your home, you will almost certainly need the assistance of an attorney. The attorneys at O’Bryan Law Firm know how difficult this process can be for you and your family. Your house was an investment, both financially and emotionally. Contact us for a free case evaluation to see how we might be able to help you save your home.
Other Local Lawyers
We recommend asking for your lender’s loss mitigation department. They will walk you through the process of pursuing loss mitigation options, such as loan modification. Going up against a mortgage company that is seeking a foreclosure judgment against you is very stressful. Facing the stress of financial hardship is already a prominent stressor, so how long will the foreclosure process last in Kentucky? While every case is unique and should be handled as such, a typical foreclosure should begin and end within 5 months on average. However, this process can lengthen or shorten, largely depending on the actions of the borrower.
Our foreclosure lawyers are here to help you find a foreclosure alternative that works for your individual situation. 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. In every state, including Kentucky, homeowners have the option to go through what is known as a foreclosure by judicial sale. Clients need a client-centered approach from experienced lawyers whose only practice areas are defending foreclosures and Chapter 7 or Chapter 13 cases.
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).