Kentucky Foreclosure Defenses TILA RESPA
201802.01
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Kentucky Foreclosure Defenses TILA RESPA

Kentucky mortgage companies are subject to the Truth in Lending “TILA” requirements. If a lender fails to issue the notice of your three day right of rescission it may have to actually give back money to the borrower. You don’t have to sue to exercise your three day right of rescission but you do have…

File an Emergency Bankruptcy
201709.08
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File an Emergency Bankruptcy

Sometimes people wait until the last minute before a foreclosure sale. They are forced to file an emergency bankruptcy in Louisville Kentucky to stop a foreclosure sale. Yes we do file emergency petitions but we take the time to do it. Clients often had repeated promises they didn’t need to worry because a mortgage modification would…

Mortgage Modification Success Ratios
201708.25
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Mortgage Modification Success Ratios

The History of Mortgage Modifications Congressional and other studies show in 2010 4% of homeowners were served with foreclosure. 250,000 foreclosures were started each month in 2010.  Only 100,000 homes sold.  Servicers allowed the other 150,000 to slip further into default.  Delaying foreclosures increased the late charges, collection and attorney fees they collected. Mortgage companies and insurance guarantee the fees…

Kentucky Foreclosure Law Process
201510.17
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Kentucky Foreclosure Law Process

Foreclosures in Kentucky are court ordered sales conducted by the circuit court master commissioner. Consensual liens like a mortgage voluntarily give the lien holder an interest in the property.  Non-consensual liens include tax, mechanic and judicial liens also allow foreclosure. The process for consensual and non consensual liens is similar. But some liens can be stripped, others can’t.  Kentucky foreclosures are filed in…

Heloc second mortgage and property tax Foreclosures
201506.01
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Heloc second mortgage and property tax Foreclosures

Second Mortgage foreclosures Heloc second mortgage and property tax foreclosures should increase in 2018-2025.  $265 billion in Home Equity lines of Credit mortgage loans (or HELOCs) will go into foreclosure from 2015 to 2018 according to Experian. Some homeowners will have to increase these monthly second mortgage payments by 3 to 4 times the present…

Kentucky Foreclosures Redemption and Rescission
201505.04
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Kentucky Foreclosures Redemption and Rescission

Two methods to stop a foreclosure. Redemption Kentucky allows a person who went through a foreclosure sale the ability to repurchase their home if the loan was for a low amount. Under KRS 426.530 if the property sold for less than two-thirds (2/3) of its appraised value, the homeowner can redeem it.  You can purchase it…

How to Аvoid Louisville Kentucky Foreclosures
201504.11
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How to Аvoid Louisville Kentucky Foreclosures

In Louisville Kentucky, the foreclosure process can move very quickly without an effective foreclosure defense. Properties can be sold within as little as 90 days. The bank has an attorney often being paid hundreds of dollars an hour which is being added to your mortgage balance. That attorney often has years of legal training and experience you…

Rescue and Predatory Home Mortgage Fraud
201404.14
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Rescue and Predatory Home Mortgage Fraud

Kentucky Rescue and Predatory home mortgage fraud Rescue and Predatory home mortgage frauds are common. Recently a person came into our office after sending 10,000 dollars to a company in California.  That company claimed they would save their home from foreclosure. The company claimed they would take payments from them and then make mortgage payments and…