Your attorney will work with you to determine your Louisville Bankruptcy Attorney best options and help you avoid foreclosure if possible. Our national directory features foreclosure and mortgage lawyers in every state and major metropolitan area. Reimer Law Co. was originally founded in 1971 by Dennis Reimer. In addition, the Firm specializes in handling litigation, evictions, REO, collections, deeds in lieu of foreclosure and other loss mitigation services.

Most importantly, a foreclosure attorney represents you in court, ensuring that you follow all the procedures and processes. They also help you fill out paperwork, meet important deadlines, and even achieve a loan modification if necessary. We explore all possible options on your behalf, helping you decide which course of action is best for you. Since 1991, I have practiced bankruptcy law and foreclosure defense in Louisville, Ky handling over 7,000 Chapter 7 and Chapter 13 cases and over 1,000 foreclosures. I am an experienced lawyer focusing on bankruptcy relief for foreclosures, small businesses, consumers, and tax debt.

⎆ The Kentucky And Supreme Court Truth In Lending Act

Each title survey includes a complete and accurate examination of the record title of the real property to be foreclosed. We identify all potential title issues, and more importantly, we propose and implement solutions. 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.

This involves negotiating with the lender to change the terms of the loan, such as extending the repayment period or reducing the interest rate, to make the mortgage payment more manageable. A loan modification must be reasonable but Kentucky foreclosure law does not dictate what reasonable is. You have 20 days to file an answer or a default judgment may be issued, and the property will be sold. Most persons who attempt to file their own answer fail to use the property defenses or admit that they owe the debt and failed to make the payments.

Louisville Kentucky Letter To Foreclosure Attorney To Provide Verification Of Debt And Cease Foreclosure

Forbearance was not meant to go on indefinitely, and the extension of the deadline to request mortgage forbearance ended Sept. 30, 2021, with a maximum forbearance period of six months. When the allowed forbearance period is over, homeowners must start paying back what they owe. Once your home reaches the pre-foreclosure stage, there are some options you can pursue. Our foreclosure attorneys will explain each option homeowners should consider to avoid foreclosure.

With a combined 40 years of experience, we are focused on your success. Please read our profiles to learn more about our professional backgrounds. Your foreclosure attorney must be transparent, reliable, capable, and legitimate.

What Are The Potential Consequences Of Foreclosure?

It prevents the sloppy paperwork you commonly find in early mortgage loans. The Truth in Lending Act gives borrowers the benefit of the doubt. The TILA right of rescission will temporarily stop foreclosure actions and may allow a borrower to walk away from the foreclosure. Although damages under the statute are often minor, a lender may offer a modification or workout as a response. Missed payments can lead to foreclosure actions, and TILA plays a crucial role in protecting borrowers by ensuring transparency and fairness in the lending process.