Stop your Mortgage foreclosure in Louisville Kentucky

Mortgage foreclosures in Louisville Kentucky happen far too often.  Events like divorce, death in the family, disability, and job loss tend to cause foreclosures.  The bank often only cares about the payment and their profit.  A foreclosure can happen from even small mistakes like forgetting to pay the property taxes resulting in a foreclosure.

Mortgage foreclosures in Louisville Kentucky

Mortgage foreclosures in Louisville Kentucky

I have been handling mortgage foreclosures in Jefferson County Circuit court since 1991 in Louisville, Kentucky.  I have only taken Bankruptcy and foreclosure cases since 2000 for over 20 years of my 30+ years of being an attorney. We have some of the highest ratings in the nation for satisfied clients according to AVVO, three best rated, and Google where you can not buy a high rating.

Making the foreclosure process decision

Even the best people can find themselves unable to cover their mortgage payments. If you miss mortgage payments for two months or longer, you go into foreclosure. With a foreclosure, you face a simple financial decision.

  1. Either, Keep a home
  2. Or, let it go back.

We help you properly go down one of those two paths based on what is best for you; not what is best for the bank.  You owe an obligation to yourself and your family, which is higher than any obligation to your creditors.  We show you options without the emotions which may cost your dearly.

Bankruptcy or a Foreclosure defense

We defend foreclosures if you need time to stay in the home, modify your mortgage, rent, or sell it. Defending a foreclosure requires fighting the foreclosure in state court by filing an answer, discovery, requesting mediation, responding to any summary judgment or trial.

Defending your foreclosure may require filing bankruptcy. Bankruptcy delays the foreclosure and gives you time to sell the property or find a different home.  Bankruptcy stops and avoids any 1099 income tax debt and collection of a deficiency judgment.

If you want to keep the home, we often file a Chapter 13, which allows you to catch up the payments over time. Chapter 7 can eliminate the unsecured debt making the home affordable, or a Chapter 13 affordable.  People often file a Chapter 7 first to make the Chapter 13 affordable.

You may need time to obtain a mortgage modification or workout agreement. We provide that time.

Stop Your Mortgage Foreclosures in Louisville Now

It is possible to stop, delay, or avoid stop a foreclosure. If you have received a court summons or les pendens, then the foreclosure process has started. You have 20 days to file your answer. After that, you lose some rights you don’t get back. You have about 60 days after that to file discovery. After that, you again lose advantages and rights.

Homeowners who attempt to handle the foreclosure themselves often either speed the process up or cost yourself money by admitting you owe the debt and are in default.   The bank’s attorneys work for the banks, not you. He won’t tell you how to sue the bank properly. They record your conversations to be used against you later in court.

Working with your foreclosure attorney

The Debtor collector will tell you about the options they want you to choose from. He won’t tell you about options they don’t want you to take, like suing them back or filing bankruptcy. You need a proper foreclosure attorney and defense which allows you one or more of the following:

  • First, Rent the home.
  • Second, Sell the home.
  • Third, Attempt a mortgage modification.
  • Fourth, Short sale the home.
  • Fifth, Reside in the home while you search for another home.
  • Sixth, Do a Deed in lieu and give the home up.
  • Seventh, Do a workout agreement to put the arrearage onto the principle.
  • Eightth A cash for keys option may be available to pay you money to surrender the home.
  • Ninth, Avoid a judgment against you.
  • Tenth, Avoid a tax debt.
  • Eleventh, Avoid code violations that may cost you fines or even jail. As long as the property is in your name, you are responsible for maintenance and lawsuits, even from trespassers. Even filing bankruptcy does not automatically get the property out of your name.

Hire an experienced Foreclosure Attorney

Mortgages and foreclosures are an area of the law where most attorneys have little or no experience.  It takes a knowledge of this area of the law.  I was married to a mortgage banker for over 15 years.  I worked in lending and have defended foreclosures for over 20 years.  The attorney should at least have a knowledge of:

  1. TILA truth in lending
  2. Dodd Frank
  3. Fair Debt Collection law
  4. CFPB and lending rules.

We have taught other lawyers how to handle these subjects.  We do not recommend defending against foreclosure on your own. The stakes are too high. By filing your answer or discovery, you often overlook defenses and admit items you shouldn’t. Often the damage can not be undone. Hiring a professional to fight on your behalf against the lender is the best you can do to ensure that you won’t miss an opportunity to save your home. Even the average attorney does not have the experience or knowledge a more seasoned professional has.

Let Us Save Your Home

Letting the home go back may not be the best choice, and you may not have to let it go back. Even if you do want to make it go back, it may cost your thousands to let it go back the wrong way. You may be able to live in it for a long time if you do it correctly. We can help you successfully defend a foreclosure if you let us. In the early stages, you have at least six different methods to stop a foreclosure. Depending on the case, it may be best for you to file chapter 13 or chapter 7 bankruptcy. We will prepare the documents correctly and at the right moment to do everything within the law to ensure you keep the property.

Call Now And Get A Free Consultation

Time is of the essence. You only have 20 days to file your answer after you are served. You need to submit your discovery within about 60-90 days after that. A delay or mistakes may be fatal for your Foreclosure case. We offer a free foreclosure consultation. Let us explain and discuss your situation, the law, and the possibilities. The more knowledgeable and prepared you are, the better your chances and results. Get the help you need  502-625-0905

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