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Kentucky Foreclosure Questions & Answers
1 Answer | Asked in Personal Injury, Foreclosure and Real Estate Law for Kentucky on
Q: Can a home be legally sold at auction if the home owner is not notified that a sale date has been rescheduled ?

I was served foreclosure papers in December 2015 I responded to the complaint and a hearing was scheduled June of 2016 resulting in a sale date for my property July 18, 2016. I worked out a trial loan modification with my servicer and made the trial payments June 2016-Nov 2016 the servicer... Read more »

Peter N. Munsing
Peter N. Munsing answered on Jun 24, 2017

You need to find out how the notice of changed date was made. You need an attorney. Contact to find a consumer attorney near you. You must act immediately. You found out April and you are asking in late June? A court won't buy that. (Yes, I understand it's hard for a... Read more »

1 Answer | Asked in Foreclosure for Kentucky on
Q: What is a nonjudicial foreclosure?
Nick Curtis Thompson
Nick Curtis Thompson answered on May 17, 2017

A non Judicial foreclosure is when the court is not involved in the lender recovering the property. In some states a deed of trust is held by a 3rd party and when the property is not paid for the lawyer who holds the title will convey the property to the bank upon default. Kentucky is s judicial... Read more »

1 Answer | Asked in Foreclosure for Kentucky on
Q: How far behind do I have to be before the bank can start the foreclosure process?

Also, if I CAN get caught up before it goes to court (or whatever) do they have to accept my payment and let me keep the house or can they refuse and go forward with the foreclosure?

Nick Curtis Thompson
Nick Curtis Thompson answered on Jan 28, 2017

You only have to be contractually late to be in default. However most mortgage companies will start a foreclosure when you are 2 payments behind. It is a pretty stiff late charge and real damage to your credit. When the mortgage becomes 2 payments behind they will start to refuse to take your... Read more »

1 Answer | Asked in Foreclosure for Kentucky on
Q: When does my legal responsibility for my home end during the foreclosure process?
Nick Curtis Thompson
Nick Curtis Thompson answered on Nov 17, 2016

When you pay off the balance of the loan after the home is sold. Foreclosing the home pays part of the debt. The balance is what you owe. If you dont pay this balance the lender may obtain a judgment and garnish the balance from any checking account or your wages. They may also be able to sell... Read more »

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