Stop Louisville Kentucky Home Foreclosures KY

Stop Kentucky Home Foreclosures KY.  Please beware of Foreclosure Rescue Scams claiming to help you to stop or avoid a Louisville Kentucky foreclosure.  Many scams pretend to be attorneys but are attempts steal your Kentucky home.

 
 

 

 

Nick C. Thompson

800 Stone Creek Parkway Suite 6

Louisville, Kentucky

40223

(502)625-0905

Secretary 0903

Fax          0940

 

Stop Kentucky Home Foreclosures KY

 

Download our Book on How to stop Foreclosures. Or look at our How to stop foreclosure as a power point demonstration.  Remember bookmark or link to our website. Click the above links for detailed information.
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Offers from strangers to do a short sale, or straw purchases of your home to stop a home foreclosure, are often fraud and con- artist scams to steal your home.  You must be very careful about using these methods to stop a foreclosure.  A short sale is when someone, normally a relative, offers to buy your home for what would be obtained at auction.  This is often for much less than what is owed on your mortgage.  This will normally work if you only have a 1st mortgage on the property.   It normally leaves you owing the deficiency or it gives you an income tax as if you earned the amount forgiven.  Most people simply file bankruptcy.  This allows you to save the home in a Chapter 13 by catching up the arrearage or avoiding the tax problems of a short sale.   We can file an answer to your foreclosure to give you additional time to do a work out with your mortgage company or file a bankruptcy to help avoid or stop the foreclosure.  Here is a general time timeline of the foreclosure process and a brief explanation of the mortgage modification, workouts, short sale and foreclosure prevention programs. . 

A straw purchaser can be used.  This is a third person who buys your home on the courthouse steps when the house is sold.   Again, the house may be purchased for far less than what is owed on the property.  There is a deficiency but no tax problem.  

People will often promise to purchase your home and then lease or sell the home back to you.   This is often a con-artist scam.   The person will often promise to lease or sell it back to your, but instead will resell the house to someone else or evict you as soon as the foreclosure sale is over. Even if he leases the home back to you, he owns the home and makes a profit.  If you use either of these methods to try to save your home, be very careful of the person you are dealing with.  If you are stuck in a foreclosure see us to avoid foreclosure.   Please beware of Rescue scams claiming to help you stop a Kentucky foreclosure. 

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 stop foreclosure website.