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ky foreclosure: Foreclosure Process for Kentucky (KY)
- 09/29/08 01:47 AM
Foreclosure Process for Kentucky (KY)
KentuckyJudicial Foreclosure Available: Yes
Non-judicial Foreclosure Available: Effectively, no Kentucky has a rigid rule on foreclosures: no out-of-court foreclosures are valid other than voluntary sales by the borrower. A deed of trust sale, a power of sale clause in a mortgage or sale by a trustee will not work in Kentucky. The only forced foreclosure sale that is permitted is one pursuant to a court order. Also, common law or strict foreclosure is forbidden in Kentucky. The lender must be prepared to engage in litigation to foreclose in the state of Kentucky. Often the … (0 comments)
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Foreclosure Process for Kentucky (KY)
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