Katy, TX asked in Foreclosure and Civil Rights for Kentucky

Q: I am buying my home under a Land Contract. In 2018 I gave the Seller $41000 down on a home . The Purchase price

$132000. I have not maintained Insurance instead put in a ADT Security that call the fire dept if fire or theft. I have been late on some monthly payments. I have paid a total of $66000 so far. I am disabled. He is pursuing Foreclosure. What can I do??

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3 Lawyer Answers
Leonard R. Boyer
Leonard R. Boyer
Answered
  • Immigration Law Lawyer
  • Clifton, NJ

A: You need to retain an experienced KY mortgage foreclosure defense and bankruptcy attorney. Good luck. THIS IS NOT LEGAL ADVICE! YOU NEED TO SPEAK TO AN ATTORNEY WHO IS LICENSED IN YOUR STATE FOR LEGAL ADVICE. This is merely suggestions for you to think about in discussing your situation with the local attorney.

Timothy Denison
Timothy Denison
Answered
  • Consumer Law Lawyer
  • Louisville, KY
  • Licensed in Kentucky

A: You need to hire a mortgage defense attorney to defend the foreclosure.

Nick Curtis Thompson
Nick Curtis Thompson
PREMIUM
Answered
  • Foreclosure Defense Lawyer
  • Louisville, KY
  • Licensed in Kentucky

A: Putting in an adt system is not insurance. I am not looking at your contract but normally a lender or seller has the right to purchase the insurance and add it to your payments and the price of the home. If you don't purchase insurance a seller or mortgage company often will. The insurance a lender purchases does not protect you and it will normally be for a higher price than you would pay for insurance that would protect you and the lender. They will add the insurance into your payments, contract or mortgage and eventually the property goes into foreclosure if it is not paid. It does not matter if you are poor. If the mortgage is not paid the property goes into foreclosure.

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