Legal Question in Credit and Debt Law in Kentucky
foreclosure
my husband lost his job in february. we have been trying to surrender our home (which we moved out of on 3/3) to the mortgage company. they now say we do not qualify for to surrender deed in lieu of foreclosure and have filed foreclosure papers on us. we need to know what our rights are and how to protect our few remaining assets.
1 Answer from Attorneys
Re: foreclosure
You need to consult with an experienced bankruptcy lawyer. The fact that the lender foreclosing on your mortgage says that you "do not qualify" for a deed in lieu likely means either that they think they can recover any deficiency balance from you OR there are other mortgages or liens on the property. In either situation, you should seek a free bankruptcy evaluation from a qualified attorney. You may want to visit the website of the National Association of Consumer Bankruptcy Attorneys, nacba.org, to find someone near you.
Better to seek the advice now, than to wait and find that your options have been limited by the passage of time. Good Luck!
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
