You would miss this opportunity if you filed for bankruptcy after your home is sold in foreclosure. Our clients experience relief and hope in life after Louisville Bankruptcy Lawyer bankruptcy. The best time to hire a foreclosure attorney is before the foreclosure process officially begins.
Our foreclosure lawyers are here to help you find a foreclosure alternative that works for your individual situation. Facing a foreclosure proceeding can cause a lot of stress, but working with an attorney helps. Don’t try to tackle this complicated and stressful process on your own. Let an experienced lawyer from O’Bryan Law Offices evaluate your foreclosure case and inform you of your legal rights. In every state, including Kentucky, homeowners have the option to go through what is known as a foreclosure by judicial sale. Clients need a client-centered approach from experienced lawyers whose only practice areas are defending foreclosures and Chapter 7 or Chapter 13 cases.
He focuses his practice in the areas of bankruptcy, commercial law, and financial restructuring and workouts. Greg has represented secured and unsecured creditors, bidders, and successful purchasers at Section 363 sales, real estate lessees and lessors, equipment lessors, debtors, and unsecured creditors’ committees. He also has experience with bankruptcy litigation, including preferences, fraudulent conveyances, dischargeability, injunction litigation, and Chapter 11 Plan Confirmation issues. What often happens is; that most homeowners call the mortgage company or their lawyer, fail to file an answer, and then the mortgage company obtains a default judgment and requests a foreclosure sale date. Many Defendants fail to file the answer and dispute the complaint timely and properly.
If you qualify for Chapter 7, you can discharge some or all of your debt load. It also provides for an automatic stay of all legal proceedings, including foreclosures, that go into effect immediately. Foreclosures damage your credit score for years and will leave you with your mortgage debt.
Prior to the foreclosure crisis in 2010, borrowers didn’t have much in the way of protection against foreclosure. In fact, many state and federal laws actually favored mortgage servicers instead of homeowners. However, state and federal mortgage servicing laws have since been updated to provide more protections for borrowers.
We notify our client of additional interests they may have in the property and ensure that all of the client’s interests are protected. All of these elements of our title work are geared to ensure that the client receives a clear and marketable title. Best of all, our title work is performed at a reasonable cost to you.
Zachary L Taylor, Attorney
So, if you have a foreclosure and need more information about the Kentucky foreclosure process, call my law firm today. I make sure to maintain the best attorney-client relationship. You can count on my services if you’re struggling to find foreclosure lawyers. Also, see my contact information below to get assistance instantly. Unfortunately, the homeowner will owe income taxes for any 1099-c filed after the sale and transfer. By filing a Chapter 7 or 13 before the sale you avoid any income tax debt and any deficiency.
Bankruptcy allows individuals, couples, and businesses that cannot meet their financial obligations to be excused from repaying some or all of their debt. If you have questions regarding bankruptcy law contact one of our recommended attorneys today. The lender usually makes a bid on the property using what’s called a “credit bid” rather than bidding cash. With a credit bid, the lender gets a credit up to the amount of the borrower’s debt. The highest bidder at the sale becomes the new owner of the property.
New Lagrange Road, Suite 4, Louisville, Ky 40222
Judicial foreclosures require a court-ordered sale of the home. However, federal laws give you added support and rights during the whole process. However, the borrower only gets a short time to respond to a complaint after it is filed. If the borrower fails to pay within that time, the Commissioner then advertises and holds a sale of the property. If you’re behind in payments and have mounting debt, then you’re facing one of the most difficult challenges a person can face. Fortunately, if you find yourself in this situation, you’re in the right place.
Advocating for clients in Commercial Law, Contract Law, and Creditors’ Rights cases. Based in Louisville, we are familiar with the courts throughout all of Kentucky and southern Indiana. Our attorneys have the necessary skill to help you resolve your legal problem.
Just before auction you were able to buy it and make it so we didn’t have to pay anything. I just wanted to take a minute to thank you for your time and effort in helping me through a very difficult situation with my house. It has been a very difficult year for me and I appreciate everything you did.
The project temporarily displaced persons in low-income housing, but Stites & Harbison attorneys have worked closely with these families to explain relocation options. They also helped the families get settled into temporary housing until permanent housing becomes available. If you are not a current client, do not include any confidential or secret information in your email.
He is AV Preeminent® Peer Review Rated™ by Martindale-Hubbell® and listed in The Best Lawyers in America® for his many legal accomplishments. Contact your lender or servicer as soon as you realize that you have a problem. The mortgage holder, noteholder and servicer can all be the same company or all different companies. When you sign your mortgage, you also sign a document called a note.
