McCracken County Listings

The appraisement has only one significance, that concerns the Right of Redemption Law in Kentucky. If the property does not bring at least two-thirds of the appraisement value, the owner of the property can redeem (buy back) the property by paying the purchaser the price paid plus twelve percent interest, within a one year period from the date of the sale.

After the sale there is a ten day period for exceptions to the sale to be filed. After that date and upon payment of the purchase price, a deed will be prepared, signed by the Master Commissioner and sent to the Circuit Court Judge for his signature and then entered in the Court records. There is usually a lapse in time following the sale before all the sales costs can be collected and calculated, this includes advertising costs and contact tax and lien offices to assure that all prior taxes and liens can be paid and cleared from the title.

The Master Commissioner has no authority to stop a sale. Further as an unbiased officer of the Court, the Master Commissioner cannot give you legal advice. If you are being foreclosed upon and wish to stop the sale, it is recommended that you talk with a real estate or a bankruptcy attorney to review your options. Sometimes an owner is able to negotiate with the Plaintiff or the Plaintiff’s attorney. Generally this office does not have any direct contact with the Plaintiff and cannot usually give you any contact information.