Kentucky Tax Sales Explained
Kentucky has 120 counties and is a lien state. They have a 12% interest rate with a one-year redemption. Officially the state is a Premium Bid state.
In Kentucky, the purchaser who bought the certificate must wait for one year before starting a foreclosure The Owner can redeem the home at any time during the redemption period up until the foreclosure sale. In Addition, The Owner might get the right to redeem after the foreclosure sale. If the person or entity that bought the home at the foreclosure sale paid less than two-thirds of the property’s appraised value then the Owner has six more months to redeem.
More Kentucky Tax Sale Facts:
An Awesome Resource for Tax Sale Investors
If you would like to have Kentucky Tax Sales explained even more,
Interested in Tax Sales in Another State?
Tax Sales investing is a niche that has the potential to be insanely profitable.
However, most investors do not have a deep understanding of this investing strategy.
Every state has a unique set of rules and regulations. There are some basic rules you need to understand as to how the process works. Generally, states will fall into one of three categories:
- Tax Lien States
- Tax Deed States
- Hybrid States
Hybrids are states who conduct their tax sales by selling tax deeds with a caveat. The deeds have a redemption period much like a tax lien certificate.
This map provides links to information for every state as well as Washington DC.