While my situation has yet to be Louisville Bankruptcy Lawyer resolved, and may not be possible to resolve at all, I submitted a signup form and was contacted immediately. Here is an excellent Timeline showing what the typical Foreclosure Timeline/Process looks like in Louisville, Kentucky. In Jefferson County, there are so many foreclosures that the timeline is usually much longer. However, this gives you a really good idea of what will take place.
Filing An Answer And Discovery
If you can meet these conditions, you may be able to avoid foreclosure. If you are facing foreclosure or are a victim of mortgage fraud it is critical to consult with a lawyer who specializes in mortgage and foreclosure. States and the federal government have precise laws that lay out the procedures and rules that lenders must follow before they force a property into foreclosure. Your attorney will work with you to determine your best options and help you avoid foreclosure if possible.
We help people file for bankruptcy under the Bankruptcy Code. But even when state law doesn’t provide a reinstatement right, the terms of the mortgage contract might give you the ability to reinstate the loan, or the lender might agree to let you complete a reinstatement. Real estate law covers the purchase, sale, and lease of residential or commercial property, as well as issues such as disputes between property owners, land use and zoning, property tax, and eminent domain. This is a transaction where the homeowner (the “borrower”) transfers the title to the lender, and that lender then cancels the foreclosure. Best Lawyers employs a sophisticated, conscientious, rational, and transparent survey process designed to elicit meaningful and substantive evaluations of the quality of legal services.
What Is Automatic Stay?
A foreclosure lawyer will evaluate your case, determine the right defense strategy, and explain your options to you so that you can make an informed decision. If possible, they can help you avoid foreclosure by the bank or the mortgage company. 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. Whether a reinstatement, a workout, or a short sale, our staff is prepared to gather the correct information for a decision by the client.
Do You Have More Debt Than You Can Repay?
A Kentucky property owner has only twenty days after service with the complaint to file the answer. A default judgment happens when Defendant fails to file a response. You may or may not be allowed additional time to file your response by showing a reason for the delay.
He focuses his practice in the areas of bankruptcy, commercial law, and financial restructuring and workouts. Greg has represented secured and unsecured creditors, bidders, and successful purchasers at Section 363 sales, real estate lessees and lessors, equipment lessors, debtors, and unsecured creditors’ committees. He also has experience with bankruptcy litigation, including preferences, fraudulent conveyances, dischargeability, injunction litigation, and Chapter 11 Plan Confirmation issues. What often happens is; that most homeowners call the mortgage company or their lawyer, fail to file an answer, and then the mortgage company obtains a default judgment and requests a foreclosure sale date. Many Defendants fail to file the answer and dispute the complaint timely and properly.