How to Buy Kentucky Foreclosures

The State of Kentucky primarily follows a judicial process for mortgage foreclosure.

The foreclosure property can be bought at a public auction of foreclosure sale which could take place anytime after five months of the owner receiving the notice of default.

A foreclosure property during the preforeclosure stage could usually be bought for lesser than what it would cost when it becomes Real Estate Owned.

If a public foreclosure auction sale results in a foreclosure property selling or less than the amount that underlines the mortgage, the lender receives a deficiency judgment.