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Foreclosure Law Lawyers In Thelma Kentucky

Thelma is an unincorporated community in Johnson County, Kentucky, United States. The community was originally known as Buskirk, after a local family. But, when the community received its first post office on June 5, 1905, it was renamed Thelma after the daughter of either Bill Warren or Warren Meek. Thelma's ZIP code is 41260. Thelma is located at an elevation of 636 feet.

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...