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Foreclosure Law Lawyers In Midway Kentucky

Midway is a city in Woodford County, Kentucky, United States. Its population was 1,620 at the 2000 census. It is located midway between Frankfort and Lexington along the single-track railroad between them. It is part of the Lexington-Fayette Metropolitan Statistical Area. The town is home to a major thoroughbred race horse breeding operation, Three Chimneys Farm. In 2003, faced with a declining downtown, a major streetscape renovation project began as part of Main Street Kentucky. New period structures and lighting brought new life to the town.

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...