Avoid Home Mortgage Foreclosures Louisville Kentucky Help

One simple method to fight a mortgage foreclosure is to file an answer to the  foreclosure complaint.  In Kentucky if a person fails to file any answer the Bank will  foreclose within about 3-6 months and a person will be normally eventually be evicted after the default judgment.  Filing an answer and fighting back will often allow an individual to stay in the home from 6 months to 2 years or longer.  Bankruptcy is often the tool to catch up home mortgage payments.

Normally if you choose to fight back by filing an answer the  process is just delayed.   But it may be important to stay in the home for a year or two while the foreclosure goes through the Kentucky court system. 

In some cases the foreclosure may have terrible flaws.   Mortgage companies to make mistakes.   They can improperly file the mortgage or they may only service the mortgage and not even own the note and mortgage and have no right to bring the lawsuit.  There are many possible defenses to a foreclosure and it is the job of an attorney to look for these defenses and file an anwer to lawsuits. If the home owner fails to file an answer to the lawsuit within 20 days he has often lost the right to defend his home and a default judgment will be entered.      

Fighting the bank will increase the attorney fees and bank charges owed to them.  It deducts from your equity but if there is no equity in the property and your eventual answer is a bankruptcy fighting in court is an effective method to stay in the home longer. 

There are many methods to avoid, stop or cure a bank foreclosure and everyone’s situation is different.  If you are stuck in a lawsuit see us for help.

 Nick C. Thompson Louisville Kentucky Foreclosure Attorney