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Foreclosure Law Lawyers In Prospect Kentucky

Prospect is a city in far northeastern Jefferson and southwestern Oldham Counties in the U.S. state of Kentucky, along the Ohio River. The city is a suburb of Louisville, Kentucky. It one of few cities in Jefferson County to extend into another county. The population was 4,657 at the 2000 census. It is bordered by Oldham County to the northeast, the river to the west, and the Harrods Creek area to the southwest. U.S. Route 42 is the primary transportation artery running through the area. Prospect is the ninth wealthiest place in Kentucky, and the third wealthiest of places with a population over 1,000. It was first settled in the late 18th century, along with the rest of the area, and was agricultural until the construction of the Louisville, Harrods Creek and Westport Railroad in the 1870s. The area was originally known as Sand Hill, and the new self-promotional name emerged when it was time to choose a name for a post office around 1900. Although a few luxury residences existed in the area since the late 1800s, it was largely agricultural until the mid-1960s when large, high-end subdivisions were built in the area, most notably Hunting Creek, which included a golf course. Prospect incorporated as a city in 1974.

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...