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Foreclosure Law Lawyers In Providence Kentucky

Providence is a city in Webster County, Kentucky, United States. The population was 3,611 at the 2000 census. The city is named after Providence, Rhode Island. It is located in the southwestern part of the county, east of the Tradewater River. The town was founded by Richard B. Savage, who arrived in the vicinity from Virginia in 1820 with his eldest sister, Mary (Savage) Settler. On February 18, 1840, when the town of Providence was officially sanctioned, it had a population of 150, including three physicians, as well as five stores, two hotels, a school, a Baptist church, a Masonic hall and three tobacco stemmeries. In the heart of the state's Black Patch tobacco-growing region, Providence eventually became the third largest stemming market in America. Providence was incorporated in 1860. The onset of the Civil War slowed economic growth in the city, although no major battles took place there. A Confederate reconnaissance and foraging force commanded by General Nathan Bedford Forrest passed through between November and December of 1861. Commercial coal mining began in 1888, and by 1930 Providence residents numbered 4,742. In the 1930s depressed conditions in the coal fields resulted in a loss of population that continued through the 1960s. Providence' economy remains tied to coal and agriculture.

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...