Louisville foreclosure prevention launched - Business First of Louisville:

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Local judges have agreed not to requirse sales of homes in foreclosure before homeownerx meet withtheir lenders. Thoswe homeowners who follow the program will learj about options such as forbearance agreementd andloan modifications. “Havingh a clear plan to follow will make this process less traumatif and more educational for said Abramson in a news Last year, 3,264 foreclosures were filedf in Jefferson County, whicn resulted in 2,408 homes sold at a foreclosure If present trends continue, foreclosure filingsa will approach 5,000 by the end of the year.
“Az foreclosure sale displaces families, disruptss neighborhoods and drains wealth from our Chief Judge Jim Shake said inthe release. “If we can use our resourcesd toencourage communication, offer alternatives and prevent significantr losses to families and neighborhoods, then we as a community have a responsibilitgy to do that.”