Attorneys

Kentucky Foreclosure FAQs

• Q: Does Kentucky Law Allow for a Redemption Period After a Foreclosure?
  A: Yes, a borrower has one year period following the foreclosure sale to redeem the property if the foreclosure sale price was less than two thirds of the … More
• Q: Where and When do Foreclosure Sales Take Place in Kentucky?
  A: Kentucky state law does not set specific dates, times or locations for property foreclosure sales. Instead, all foreclosure sales happen through the court system … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Kentucky?
  A: In Kentucky, initial notice of an intended foreclosure occurs when the lender files a complaint in the state circuit court. Once the judge determines that the … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Kentucky?
  A: A lender can only recover a deficiency judgment from a borrower if the borrower was personally served with the foreclosure complaint and failed to respond to the … More
• Q: How Can a Lender Foreclose on a Property in Kentucky?
  A: All Kentucky foreclosures occur through the judicial system. A lender may initiate a judicial foreclosure by suing a borrower in state court. The public … More
• Q: How Long Does the Typical Foreclosure Process Take in Kentucky?
  A: It takes approximately 5 months to foreclose on a Kentucky property. That process may be lengthened if the borrower contests the foreclosure or it may be … More
• Q: Can I Keep My Home If I File Bankruptcy in Kentucky?
  A: Kentucky follows the federal homestead exemption laws. That means that $15,000 worth of equity in the property is exempt. If the homeowner has $15,000 or … More

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