A deed in lieu of foreclosure only means you automatically and immediately lose possession of the home. A deed in lieu will not normally be accepted when there are other liens, such as tax liens, against the home or a second mortgage. Rather, each lien and mortgage has to agree to release their lien to…
Kentucky Commissioner Foreclosure Sales Costs, Fees, Refunds, Deposits, and Redemptions • Video When a county master commissioner holds a sale, he is allowed to collect his costs and charge attorney fees. This is only reasonable. Most Circuit Court Commissioners work overtime to make sure the homeowner is allowed every opportunity to save his home. But…
Do you want a foreclosure lawsuit settlement with Sottile Barile? Whether you have been served with a summons and complaint or are about to have the home sold, there may be time to settle a foreclosure. Remember, the lender needs to have the account current and up to date. They will often listen to an…
Kentucky Foreclosure Investing When looking into foreclosure and investigating its nature, there are several different points of view that we can take. The most popular standpoint is that of the homeowner who is at risk of losing their home. I defend these foreclosures but there are no free homes. You can catch up a mortgage…
Real estate workouts are when the homeowner contacts the lender and explains that you have simply suffered a temporary problem and attempts to negotiate with them to allow you to pay the missed mortgage payments at the end of your contract or at higher payments. Real Estate Workouts • Avoiding Foreclosure Other real estate workouts…
Sometimes a debtor files a Chapter 13 bankruptcy. Then, meets all the payment requirements for Chapter 13. However, at the end of Chapter 13, they still get hit with mortgage foreclosure. Why? The lender might claim they are thousands of dollars behind because of the accrual of late fees during the bankruptcy. Or, it might…