Foreclosure Recovery

Making the most of property assessors offices in Kentucky will require the office to assess the market value of a property. This value is then multiplied by the tax rate to determine the actual tax that the owner must pay on the property each year. Read More »

Property Assessors Offices - Kentucky Education and Training

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Employees who undergo property assessors offices in Kentucky education and training will teach you how to appraise personal and real and personal property in order to estimate its fair market value. Property assessors may also use KY property records for the purpose of setting property taxes in accordance with a prescribed schedule. Read More »

If a property owned by your business faces foreclosure, you’ll want to learn about foreclosure laws. Knowing the law can assist you in recovering from a foreclosure.

During the foreclosure recovery period, you have the option to get back the property you have lost before it has gone to auction. You’ll want to work with a foreclosure attorney along with a foreclosure recovery center to help reverse the process.

1. Look at your state’s foreclosure law. Each state will differ regarding how you can go about the process of recovering from foreclosures.

2. Contact an attorney for foreclosure help. An attorney that specializes in foreclosures will offer you guidance on how to recover from foreclosure, including reversing the process.

3. Take steps to financially recover from foreclosures. If you’re unable to stop foreclosure, you’ll want to discuss ways to build back your credit and equity after a foreclosure.

Learn the foreclosure laws

Each state will have different laws when it comes to foreclosure recovery. You should find out your state laws prior to contacting an attorney to learn your rights as a foreclosed property owner.

Locate foreclosure lawyers

Foreclosure attorneys can assist you in a variety of ways. An attorney with foreclosure help experience can help you stop the process as well as recover from the loss if you're unable to pay the mortgage on the property.

Work with a foreclosure recovery center

A foreclosure recovery center can offer you further assistance while recovering from a foreclosure. Use a foreclosure recovery center's extensive resources to get help with handling a foreclosed property.
U.S. Department of Housing and Urban Development site, including foreclosure laws, state aid and hardship programs

Watch out for mortgage recovery scams

The Federal Trade Commission warns that there are plenty of bad guys operating in the foreclosure recovery business who will take your money and provide no service. Some warning signs, according to the FTC: advertising terms like "guarantee" and "97% success rate", upfront fees before services and company names or websites designed to make you think you're dealing with a government or nonprofit agency.
Federal Trade Commission.

Beware of foreclosures recovery scams. Other businesses may contact you when your property gets listed as a pre-foreclosure offering to take the property off of your hands. You can choose to sell to another business, but you should first have your foreclosure attorney look at all documents before completing the sale.

Tips & Advice for Foreclosure Recovery

In the last few years, things have been difficult for many people and businesses. One of the biggest financial obstacles has been the high foreclosure rate that has put so many people and companies out of their residences and places of business. If you or your business is facing the possibility of foreclosure, there are some steps and organizations out there that can help you get back on track and keep your property and good credit. Specific firms and companies specialize in foreclosure recovery. The actions involved with recovery can often delay or even eliminate the risk of foreclosure.

There are several steps that the foreclosure recovery professionals can help you with. One of the first things they will do for you are contact the mortgage company that holds the loan and try to make arrangements to meet both your needs and the mortgage company's. The mortgage companies know that they are better off not foreclosing on the property and are usually more than willing to work the recovery company on your behalf. These professionals can often provide help even if the foreclosure process has already started. Their services are most effective early in the game, however, and it is important to provide full disclosure of the situation.

Consider the resources on the left for more information.

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