Kentucky Real Estate Mortgage Foreclosures

Real Estate workouts is when you contact your lender and explain to them that you have simply suffered a temporary problem and attempt to negotiate with them to allow you to pay the missed Real Estate payments at the end of your contract.   Other Real Estate workouts are often possible such as lowering interest rates for a short period of time, making partial payments or catching up by making 1.5 payments. 

Although the collection department may not negotiate with you they often will negotiate if you sue them back in a foreclosure or if we send a pre foreclosure letter explaining that we will fight to protect your rights to the property if they don’t avoid the foreclosure by negotiation.

Workouts don’t always stop real estate foreclosures. But it can be very expensive to a mortgage company to file a foreclosure in a Kentucky Court and most Kentucky mortgage companies will do anything to avoid a foreclosure battle. Real Estate Workouts are a good option for both the mortgage company and the home owner to avoid the costs of foreclosure.  However if a real estate workout is not possible a bankruptcy almost always is possible to save the home.  If you are stuck in a foreclosure see us to avoid your real estate foreclosure.  

Nick C. Thompson Louisville Kentucky Foreclosure Attorney