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Foreclosure Law Lawyers In Salem Kentucky

Salem is a city in Livingston County, Kentucky, United States. The population was 769 at the 2000 census. It is part of the Paducah, KY-IL Micropolitan Statistical Area. Salem is the largest city in Livingston County, although it is neither the county seat (a distinction held by Smithland) nor the largest community (the census-designated place of Ledbetter has more than double Salem's population).

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...