Foreclosures Louisville Kentucky Ky Mortgage Loan
Foreclosures Louisville Kentucky Ky Mortgage Loan
 
 
 

 

Nick C. Thompson

800 StoneCreek Parkway Suite 6

Louisville, Kentucky

40223

(502)429-0057

 

 

 

Foreclosures Louisville Kentucky Ky Mortgage Loan

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There are many ways to stop a Foreclosure in Kentucky.  It may be possible to save your Kentucky home from foreclosure by getting your mortgage refinanced.  If you still have a good credit rating and the foreclosure has not yet been filed in a Kentucky court, you may qualify for refinancing.  Persons with substantial equity or income can often refinance their home without a credit check. 

 

But, you never want to refinance your home if the new interest rate will be substantially higher.  There are lenders in Kentucky that will help.  But there are also lenders that offer what are called predatory loans.  These loans target foreclosures and minorities.  They steal your home equity, charge high interest and refinance fees, and contain packing and high origination fees.  These loans are normally legal methods to steal your home.  Prime rate mortgages in Kentucky are possible for a few people that act quickly before the foreclosure process goes too far. 

 

In some cases, a relative with good credit may purchase your home and allow you to make payments in what is called a short sale.  Call us for more information for a free consultation on how your home can be saved. 

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