Foreclosure and Divorce in Louisville – Beware When One Spouse Gets The House
Foreclosure and Divorce in Louisville – Beware When One Spouse Gets The House and The Other Gets The Mortgage
When the divorce agreement awards the house to one spouse and the mortgage obligation to another, this could spell great peril. The spouse in the house often doesn’t know if the “mortgage spouse” stopped making the payments.
The billing address usually gets changed to the mortgage spouse’s new address. The spouse in the house does not get any late notices about non-payments until it’s too late.
Even though the house spouse can claim that the mortgage spouse is in contempt of the agreement, the damage is already done. The back payments and legal fees often make it too hard to catch up and cure the arrearage.
The house is now headed to short sale or foreclosure. Foreclosure often leads to bankruptcy.
So what should be done if you are a spouse that got the house?
- You still have the right to call the lender every month to confirm the payment was made.
- You have the ability to check the payment history online.
- You may also call your lender to determine what other early alert systems they have. Can they email you late notices? Can they mail you duplicate billing statement copies?
You don’t want to be totally blindsided about the arrearage when the sheriff knocks on your door to serve you with an unexpected foreclosure lawsuit.
Dave Halpern, Realtor
Dave Halpern Real Estate Group
Keller Williams Realty Louisville East
Cell (502) 664-7827
Looking for a home in St. Matthews? Look no further! Beautiful 3 bedroom ranch with an amazing master suite! Hardwood in all bedrooms as well as under the carpet in the family and dining areas. This home also has a sunroom, partially finished basement with a fireplace, and an open kitchen and info
S T O P! you have found your DREAM HOME with over 3,000 square feet of living space! This 5 bedroom 4 bath home has a room for the entire family! As you walk in you will see the hardwood floors through out the main area of the home. As you walk in the living room with vaulted ceilings, you pass the
Fabulous New Listing in the heart of The Highlands. 4 BR/3 Full Bath home with attached garage and finished basement. Updates throughout. Perfect for indoor and outdoor relaxation. Features include: Replacement Windows and Roof; 2 A/C units; Fireplace; Gorgeous Wood Floors and Trim; Sun Room;
Beautiful Home in a Great Location! Completely Renovated and Updated! Very Open Floor Plan! Home has ALL NEW Flooring, Paint, Cabinets, Appliances, Fixtures and A/C! Bedrooms are Nice Size! Large Great Room Opens to Kitchen! Completely Renovated Bathroom! 2 Car Detached Garage! Flat Yard w/ M
This wonderful Highlands home is conveniently located to enjoy the walks tomost highly sought eclectic Bardstown Road shops, restaurants, art festivals,farmers market and more...As you enter this charming bungalow style home you'll appreciate great FengShui flow of bright & openness of the home and
Located in Flat Rock Ridge, this exquisite home is better than new with many updates throughout, 5 bedrooms, 3 full baths, and almost 3,400 sqft above grade! The efficient floor plan has a spacious entry foyer with wood styled flooring and 9' ceilings throughout the main level. The foyer is open to
Welcome to Forest Estates. This tremendous unique ranch sits on almost 2 serene acres. With a huge open layout, skylights and outdoor access its a natures lovers paradise. 3 bedrooms, 2 1/2 baths, formal living room with fireplace, family room with fireplace and colossal Eat-in kitchen with wood be
You are going to light up approaching this beautiful home on Lampton. Its charming and cheerful brick exterior highlighted by white picket evoke feelings of fulfilling the American Dream. In close proximity to Hammerheads, Come Back Inn, and Tim Faulkner Gallery & Stopline Bar, you will love the vib
Located in the convenient Glenmary subdivision 10412 Long Home Road is move-in ready! This traditional 4 bedroom, 2.5 bathroom home offers gleaming hardwood flooring, neutral and tasteful paint colors and beautiful crown molding throughout the main level. The formal living room (currently being use
Spectacular find in the heart of St. Matthews. The beautiful 115 Bonner Avenue offers four bedrooms, two full updated bathrooms, a two car garage (with replaced door and opener) and loads of improvements and character. Enjoy hardwood floors, arched doorways, replacement windows, a gorgeous fireplace
These sellers spare no expense when it comes to remodeling their homes, you must check out this complete RENOVATION!! A gorgeous 3 bedroom - 2 full bath with newly installed hardwood floors throughout. All new updated light fixtures installed in every room. Loving that openness between a kitchen and
This victorian home is currently used as a duplex and could make a great investment property or be easily converted back to a single family residence. Located on a quiet block close to universities makes it an ideal spot. The first floor unit is currently rented and has two bedrooms and one full b
This elegant home offers an open concept floor plan, welcoming you with soaring ceilings and a stunning palladium window upon entrance. The gourmet kitchen is equipped with stainless steel appliances, double oven, gas cooktop, granite countertops with natural stone backsplash and a large pantry you
Cute, Cute, Cute. You've got to see this! 4 bedroom totally updated home. This lovely home features fresh paint, newer carpet, updated kitchen and bath. Everything is on one level, including a nice laundry area. The property is completely fenced, which features a spacious deck and park like back yar
LOCATION! LOCATION! LOCATION! Welcome to Clover Lane! This adorable street is convenient to many local restaurants, shops and parks! Come see this 3 bedroom, 2 full bath home in the heart of St. Matthews. With a new addition family room, this home offers spacious living inside and out! The home is s
Are you looking for something FRESH, NEW, and FABULOUS? This may be the one!! This home is a mostly new Construction home (per seller floor and foundation under the front was utilized) tremendously popular area due to the proximity to Downtown, Restaurant's, popular attractions and Universities. Thi
HUGE PRICE REDUCTION! Welcome home to 6616 Woodbark Lane in most desirable Birchwood neighborhood in Fern Creek. This well cared for tri-level home offers 3 bedrooms and 1.5 baths. The main level features gorgeous flooring, updated kitchen with stainless steel appliances and living room (currently
Step inside this beautiful Woodmont house and you will want to call this place Home! With over 4300 square feet, 5 bedrooms and 3.5 baths, it will certainly exceed any expectation...features include an open floor plan, large first floor master suite, screened deck overlooking a private lot with lus
Welcome home to this heart-of-Schnitzelburg house, where you can quickly walk, bike, or commute to many sights in the city. Popular neighborhood gems, such as Monnik, The Pearl, Bean, and Eiderdown are within a 5-10 minute walk. This wonderful property has all its old character combined with new a
Perfect home & ready for new owners! Upon crossing the threshold, the home opens with a roomy foyer, living room/office & formal dining room. Further in, the family room is open to the kitchen. The eat-in kitchen gets an abundance of light from the bay windows. Kitchen has updated granite counter-to
Adorable and hard to find 3 bedroom/2 bath in the Schnitzelburg neighborhood, on a quiet street within walking distance of a grocery story, and great local eateries. Most windows have been replaced. Both baths were remolded. Beautiful Hardwood floors on the first level. This has been a rental fo
Open Sunday 2-4 May 26th! Seneca Village conveniently located near the Highlands, Seneca Golf Course, Seneca Park, Big Springs Country Club, minutes to Cherokee Park, and near all the dining opportunities of Bardstown Road! This 1 1/2 story Cape Cod offers 4 bedrooms, living room with fireplace and
WELCOME TO 1068 HIGHLAND AVE. - CHECK OUT THIS BUNGALOW - Enjoy your sweet tea on this covered front porch this summer! Living room leads to a bonus room (that is currently used as an office) that offers a nice bright atmosphere w/windows letting in lots of natural light. Eat-in kitchen w/door le
Much like a phoenix, this new build has risen from the ashes on Ash Street. Neighboring several other new builds, you might think you are in Norton Commons, but you're actually in the heart of Germantown, in close proximity to trendy jaunts such as Mr. Lee's, Eiderdown, the Post, and Nachbar. This t
Stunning renovation! This completely remodeled 4 bedroom, 3 bath home in Crescent Hill features Hardie Siding, a one car garage and a privacy fenced yard. When you enter the home you will notice the large living room with a beautiful fireplace and recessed lighting. The dining room has a tray ceilin
SO MUCH POTENTIAL! This cute 2 bedroom (could easily be 3 or 4 bedrooms) & one bath house is located in South Louisville, right off Dixie Hwy and close to the Gene Snyder! This house just needs a little TLC (paint, landscaping etc), and it could be a great starter home or one to add to your rental p
Check out this move-in-ready home in Germantown! This home is 13 years old and is well maintained throughout. The covered front porch leads into the living room which features engineered hardwood floors, a coat closet, and tons of natural light. Off the hall there is a half bath for guests and a lar
Welcome to the city of Briarwood. Nestled in the center of Westport Road, this gorgeous all brick ranch, is move in ready. This home boast 3 bedrooms, 2 bathrooms, newly finished plank flooring throughout, located next to Briarwood Park, with covered pavilion, playground, basketball court and stre
You will love the convenient location of this property that is in the most sought out Klondike neighborhood in JTown. Newly updated with new flooring, all tile baths, new A/C and more! This sprawling home offers 2000 sq ft of living space, 4 Bedrooms and 2.5 Baths. Great backyard.