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Foreclosure Law Lawyers In David Kentucky

David is an unincorporated town in Floyd County, Kentucky, United States along County Route 404. Located in the Appalachian Mountains, it lies approximately 100 miles (160 km) southeast of Lexington. The town was named for David L. Francis, President of Princess Elkhorn Coal Company which originally built and owned the town. It bears the postal ZIP code 41616. Federal census of 2000 recorded a population of 435. The David School is featured in the 6-hour documentary film Country Boys which was broadcast in Frontline on PBS, about two residents, Chris and Cody, and their life in a poor, rural mountain town. Although it was a company town, it was in many ways a model coal community with many amenities not typical of the region at the time including a swimming pool, central water and sewer, and cable tv service. The company also supported a children's choir which toured nationally. When Princess-Elkhorn sold the town in the late 1960's, many of these amenities fell into disrepair and the housing stock deteriorated from over 100 units to a little more than 30. The town rallied around a hepatitis outbreak and ended up purchasing the entire town from the investor who owned it. the mechanism for this purchase was the creation of the David Community Development Corporation, which went on to secure funding for a new water and sewer system, a fire station, a new park and several dozen new homes.

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...