Kentucky Foreclosure Laws

[edit] Attorney General’s Office

P.O. Box 2000

Frankfort, KY 40602-2000

Ph: (502) 573-7600

Fax: (502) 564-2894

First Legal Action: Complaint

Time Frame from 1st Legal Action to Sale Action: 147 Days-7 Months

Final Legal Action: Sale Confirmed

Judicial Foreclosure Available: Yes

Non-Judicial Foreclosure Available: No

Method Primarily Used: Judicial

Security Instruments: Mortgage

Right to Redemption*: Yes; 12 Months/1 Year after the Foreclosure Sale

Deficiency Judgments Allowed: Yes, can have restrictions

Foreclosure Postponement Available: Yes

Super Lien State:

Certified Breach Letter State: Yes

Lender Retains Copy of the Breach Letter: Yes

Eligible for Tax Advance Repayment Plans: Yes

Statutory State: No

*A borrower’s right to repurchase property lost in foreclosure sale.

- A judgment against ones person making the borrower responsible for the remaining balance on the loan after a foreclosure/sheriff sale.