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As soon as your mortgage
company files a foreclosure, con- artists may ask
you to sell them your home. These foreclosure
"consultants" promise help to avoid a
foreclosure, but by relying on their advice, you
fail to go to an attorney that could stop or
cure the foreclosure. Sometimes a
bankruptcy can be filed to reverse these purchases.
These are just some of the
local Louisville Kentucky foreclosure scams we
have seen. Please beware of
Rescue scams claiming to help
you stop a Kentucky foreclosure and here is a timeline of the
foreclosure process.
- Predatory Loans or up
front fees for mortgages to stop a
foreclosure that are never granted.
- Buying your home for less
than what it is worth to stop the
foreclosure.
- Charging to stop a
foreclosure and then not delivering it.
- Claims to be the
foreclosure department of your mortgage
company, offering a payment plan to stop the
foreclosure. Instead they simply take your
payments and leave town.
- Giving a stranger your
deed as security because he promises you a
loan or to stop the foreclosure
- Claims to be a Kentucky
agency that will defend you. Meanwhile, they
buy your home at the auction while they
convince you they are defending you.
If you have had a lawsuit filed against you then seek help
from an attorney immediately to answer the lawsuit or file a Chapter 13
bankruptcy to save your home. You only have 20 days to
file an answer. Here is a brief explanation of the different types of
mortgage modification, workouts, short sale and
foreclosure prevention programs. If you have a foreclosure
lawsuit filed against you this is the link to the state of
Kentucky's
stop foreclosure website.
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