239 S. 5th Street, Suite 1450
The Commissioner’s Office cannot give legal advice. The following are frequently asked questions that are procedural:
[+] I just purchased property at the commissioner sale. What do I need to do now?
Discuss with an attorney the necessity for a title search. Thirty (30) days from the date of sale, the balance of the bid price needs to be paid into the Commissioner’s Office. Interest is 12% per annum on the unpaid balance.
You are entitled to possession of the property after the Report of Sale has been confirmed by the Court. This can happen any time ten (10) days after the Report of Sale has been filed in the Court record.
Through the party whose judgment under which the property was sold or its attorney.
The original property owners have a right to those funds.
If they refuse to leave, the Court can enter a writ of possession directing the sheriff of Jefferson County to set the individuals and their property out.
Contact the attorney for the party under whose judgment the property was sold.
The homeowner has a six month right of redemption.
It is a right held by the property owner giving them six months to repay to the purchaser the amount of money paid into the Commissioner plus 10% per annum. KRS 426.530
The Commissioner’s deed will be in the name of the purchaser at the Commissioner’s Sale. If the purchaser desires it be titled otherwise, the purchaser can file an Assignment of Bid in the Court record and the deed will then be titled in the assignee’s name.
See New AP Rules
Jefferson County Judicial Center, 700 W. Jefferson Street, 2nd Floor - Jury Pool Room, Louisville, Kentucky.
Only if the individuals in possession allow it (or by contacting the attorney for the party who has a Judgment and Order of Sale) if the property is vacant.
It is the responsibility of the purchaser at the Commissioner’s Sale to insure the property, to the extent of the purchaser’s interest, until purchaser takes full title.
No such list is maintained. The Commissioner’s Office does not create a mailing list or mail information to individuals.
You will need to move the court for a deed, tender an order, and pay the purchase price plus interest.
You or your attorney must quickly file a written objection with the court. Rule 504.
You run the risk of losing any monies you have paid up to that point and if the property sells the second time for less than what you paid for it, you might be liable for the difference.
A bond is not necessary if the purchaser pays in cash, cashier's check or money order. Otherwise, a pre-approved bond must be filed with a 10% deposit, both of which must be supplied at the sale. If the purchaser does not have the bond and at least 10% or full payment, the Commissioner will have to re-sell the property. Additional information on the bond can be found under the "Home" tab -- "Sale Bond Instructions" button & "Forms" tab -- "Purchaser's Bond - KRS 426.705" link.