Knowledgeable Attorneys Helping You Solve Your Mortgage Problems

• Have you fallen behind on your mortgage and can't catch up?
• Are you upside down in your house? Is your home worth less than the amount of your mortgage?
• Have you been served with a Notice of Foreclosure or Notice of Sheriff's Sale?

The attorneys at The English Law Group, P.S.C. in Louisville, Kentucky, can help you weigh your legal options for resolving mortgage foreclosure problems. If you are facing foreclosure, the worst thing you can do is nothing. Whether you want to keep your house or you are ready to walk away, we have the knowledge needed to protect your interests.

Call (502) 425-8717 or contact us to schedule a confidential consultation at our Louisville law office. We are ready to help you explore options for preventing foreclosure and keeping your home. If keeping your home is not an option, we can help you take steps to minimize your losses.

Options for Preventing Foreclosure and Keeping Your Home

In this tough real estate market, many lenders may not want the hassle of foreclosing on a home and trying to sell it themselves. In fact, many of them are willing to enter negotiations to avoid foreclosure. Our experienced real estate lawyers will contact your lender in an attempt to help solve your mortgage problems.

We will explain your options for preventing foreclosure, including:

• Forbearance Agreement: This can give you some additional time to catch up on your mortgage by temporarily stopping payments. However, most lenders require that you pay all the entire past due amount at the end of the forbearance period.
  
• Repayment Plan: Some lenders may accept an offer to repay past-due amounts over time or pay a little extra each month towards the past-due amount.
  
• Loan Modification: Loan modification may allow you to change some of the terms of your home loan or mortgage, including the repayment period or the interest rate.
  
• Chapter 13 Bankruptcy: If you are behind on your mortgage payments, Chapter 13 bankruptcy may be a good way to catch up on past due mortgage payments. We can help you file for bankruptcy and negotiate a repayment plan with your lender.

Options If You Can't Afford to Stay In Your House

If you simply cannot afford the payments on your home, the best option may be to sell the house yourself and pay off your mortgage. We can help you with a For Sale By Owner Transaction.

If your house is worth less than what you owe on your mortgage, and you are in default, your lender may agree to a short sale. In a short sale, the lender accepts the sale proceeds as payment in full, even though the homeowner is still short of paying the total amount owed. The mortgage company or lender usually writes off the unpaid mortgage balance and might not be able to come after you for the difference between the sale price and the amount owed on the mortgage. We can help you try to negotiate a short sale with your lender and take care of all the details of the real estate transaction.

Contact us to schedule a meeting with one of our attorneys to discuss your mortgage or foreclosure concerns. We are here to guide you through these difficult times.