One simple method to fight a bank foreclosure is to file an Answer to the Complaint.  In Kentucky, if a person fails to file any answer, the Bank will foreclose within about 2-6 months and a person will normally be evicted after a Default Judgment.  Filing an Answer will often allow an individual to stay in the home from 6 months to 2 years longer.  If you fail to file an answer to the foreclosure you may not receive notice of future foreclosure proceedings and not even be notified of the foreclosure sale.  Debtors have come home to their possessions sitting on the sidewalk.  

Filing an answer normally just stalls and avoids the foreclosure.  But it can be stalled or avoided for years.   It may be important to stay in the home for a year or two while the foreclosure goes through the Kentucky court system.   Fighting the bank will increase the attorney fees and bank charges.  It deducts from your equity but if there is no equity in the property and your eventual answer is a bankruptcy, fighting in court is an effective method to stay in the home longer.

To stop or cure the foreclosure under the government hamp program you must either file bankruptcy or have an actual foreclosure proceeding filed against you.   Here is the presidential hamp program and hamp guidline showing what is required.  There are other methods to avoid, stop, or cure a bank foreclosure and everyone's situation is different.  The Treasury Making homes affordable guidelines allow some deeds in lieu however that may cause tax problems.   Hud's guide on How to avoid foreclosure is also here.  If you are stuck in a lawsuit see us for help.   Please beware of Rescue scams claiming to help you stop a Kentucky foreclosure and here is a timeline of the foreclosure process.

If you have had a lawsuit filed against you then seek an attorney immediately to answer the lawsuit or file a bankruptcy to save your home.   If you have a foreclosure lawsuit filed against you this is the link to the state of Kentucky's avoid foreclosure website.   Here is a brief explanation of the different types of mortgage modification, workouts, short sale and foreclosure prevention programs.  But please remember you only have 20 days after you are served to file an answer and  avoid a default judgment and losing your home.