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Foreclosure Law Lawyers In Berea Kentucky

Berea is a city in Madison County, Kentucky, United States. The population was 9,851 at the 2000 census, a 2008 estimate put the population at 14,431. It is the fastest growing town in Kentucky and one of the fastest growing in the nation, having increased by 43.4% since 2000. Its most prominent institution is Berea College, which owns a substantial percentage of the city's land. Due to the high number of arts and crafts produced, Berea is a tourist attraction. It hosts several Crafts Festivals throughout the year. Berea also hosts a Spoonbread Festival in mid-September, which features a cornmeal bread traditionally served with a wooden spoon. Berea is a principal city of the Richmond–Berea Micropolitan Statistical Area, which includes Madison and Rockcastle counties.

What is foreclosure law?

Foreclosure is the cutting off or termination of a right to property to compel payment of a mortgage or other debt secured by a lien. As to real property, like a house or land, foreclosure is started because of non-payment of the debt and leads to the selling of the property to which the mortgage or lien is attached in order to satisfy that debt. Lawyers who assist with foreclosure issues help struggling homeowners consider their options -- both foreclosure and foreclosure alternatives -- and determine the best course of action. Foreclosure alternatives may include loan modification, short sale, forbearance, reinstatement, and repayment plans.

Answers to foreclosure law issues in Kentucky

Laws prohibit debt collectors from using abusive or deceptive tactics to collect a debt. Unfortunately, many...

This varies from state to state and lender to lender, but most lenders don't start foreclosure proceedings until you...

When facing foreclosure it is important that homeowners understand all of the options available to help prevent...