Kentucky
Kentucky Revised Statutes § 426.005. Judicial foreclosure state.
Judicial Type
Judicial
Redemption
6 months from date of sale for residential property if the s
Deficiency
Lender may pursue deficiency. For most residential foreclosu
Mediation
No mandatory statewide program. Some counties have voluntary
Statute Citation
Ky. Rev. Stat. §§ 426.005-426.720
Redemption Period
6 months from date of sale for residential property if the sale price is less than 2/3 of the appraised value. Otherwise, no statutory redemption period (Ky. Rev. Stat. § 426.530).
Deficiency Judgment Rule
Lender may pursue deficiency. For most residential foreclosures, deficiency is determined as: total debt − fair market value (not auction price). Fair value hearing is required for deficiency.
Notice Requirements
Foreclosure complaint with lis pendens. Commissioner's or master commissioner's sale after judgment. Sale notice published and posted.
Mediation Program
No mandatory statewide program. Some counties have voluntary mediation.
Key Provisions
- Judicial foreclosure — court involvement required
- Conditional redemption: 6 months IF sale price < 2/3 of appraised value
- Master commissioner conducts the sale (a quasi-judicial officer)
- Fair value hearing for deficiency
Homeowner Protections
- Judicial process with court oversight
- Conditional redemption period when sale price is inadequate
- Fair value limitation on deficiency
- Master commissioner provides neutral sale oversight
Frequently Asked Questions
How does Kentucky's redemption right work?+
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