Kentucky Deed in Lieu of Foreclosure Law
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 against the home or a second mortgage. Rather, each lien and mortgage has to agree to release their lien. Moreover, you have to get […]
How to Avoid Louisville Foreclosure Scams
When you face foreclosure on your home, it’s heart-breaking! That’s when foreclosure scams try to take advantage of your situation and your emotions. As soon as your mortgage company files a foreclosure, con-artists move in to ask you to sell your home to them. However, you must remember that you only have 20 days to […]
Answering a Foreclosure in Kentucky Default Judgments
One method to help keep a home is by answering a foreclosure complaint. If a person fails to file an answer the bank will foreclose within 3-6 months. A person will normally be evicted following a default judgment and foreclosure sale. Filing an answer and discovery often allows an individual to stay in the home for an […]
Deeds in Lieu of Foreclosure
Definition: A deed in lieu of foreclosure is when the homeowner turns the deed over to the mortgage company to avoid foreclosure. The bank may agree to a Deed in Lieu of Foreclosure to not pursue you for a deficiency. But, unfortunately, it still causes a tax problem. Even if the mortgage company agrees to […]
