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Foreclosure Law Lawyers In Wheatcroft Kentucky

Wheatcroft is a city in Webster County, Kentucky, United States. The population was 173 at the 2000 census. Wheatcroft, a coal town with post office, is on KY 109 and the Illinois Central Gulf Railroad, 8 1/2 miles west of Dixon. It was probably named for Irving Horace Wheatcroft, an Englishman, who in 1899 laid out and founded the town on land acquired from Elijah Cullen, He opened one or more area coal mines, and built the Kentucky Western Railway from nearby Blackford to Dixon. The Wheatcroft post office was established on September 10, 1900, with A.S. Logsdon, postmaster, and the town was incorporated in 1902.

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...

Federal court opinions concerning foreclosure law in Kentucky