What is Foreclosure?
If you’ve received a foreclosure notice, you need an experienced Kentucky bankruptcy lawyer to help you stop the foreclosure and save your home. We know that it’s a stressful situation, and you might be wondering what happens next…
What Happens When You Receive a Foreclosure Notice?
By law, a lender is allowed to initiate home foreclosure proceedings after you have missed only three mortgage payments. The foreclosure becomes public record once the lender sends you notice of the intent to foreclose.
Once you have received the notice, a sheriff’s office representative or a process server will deliver a summons to your residence in person. It’s best to accept this summons at that time. If you don’t, the lender will simply place a public notice in the newspaper.
You have 60 days to respond to the summons, and failure to do so may result in the court entering a default judgment against you. You should also be aware that once the impending foreclosure is made part of the public record, unscrupulous scam artists (who are not true attorneys) might contact you offering help. Being aware of these scam artists is important, as you could lose money that you can’t afford, and end up with disastrous results.
We Can Help You Save Your Home!
It is highly recommended that you contact GSH Law Firm so that our respected Kentucky bankruptcy lawyer, Tracy Hirsch, can answer your questions and provide legal guidance before it’s too late. She has 17 years of experience, and has helped numerous homeowners keep their homes through bankruptcy, loan modifications, short sales, or deeds in lieu of foreclosure.
GSH Law of Louisville, KY is committed to protecting the rights of consumers. Our clients get our full attention when a home foreclosure is pending. Legal action should be undertaken at once, and we are ready to help you now.