OpenJurist

Foreclosure Law Lawyers In Lexington Kentucky

Lexington (officially Lexington-Fayette Urban County) is the second-largest city in Kentucky and the 65th largest in the United States. Known as the "Thoroughbred City" and the "Horse Capital of the World", it is located in the heart of Kentucky's Bluegrass region. In 2008 the city's population was estimated at 282,114 anchoring a metropolitan area of 453,424 people and a Combined Statistical Area of 666,707 people. Lexington ranks 10th among US cities in college education rate, with 39.5% of residents having at least a Bachelor's Degree. It is home to the headquarters of Lexmark International, the Kentucky Horse Park, Keeneland race course, Red Mile race course, Transylvania University, the University of Kentucky and Bluegrass Community & Technical College. Lexington has been selected to be the site of the 2010 FEI World Equestrian Games.

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...