Ky. Admin. Office of the Courts, Circuit/District Court Clerks' Manual, ch. 43 (Forcible Entry and Detainer)

Citation: Ky. Admin. Office of the Courts, Circuit/District Court Clerks' Manual, ch. 43 (Forcible Entry and Detainer)
Jurisdiction: Kentucky (state)
Source: Official source
Original Source: https://www.kycourts.gov/Courts/County-Information/Documents/ClerksManual.pdf ↗

Related Parts of This Source

Full Text

1,777 chars

83 REDEMPTION OF LAND SOLD UNDER
EXECUTION OR JUDICIAL SALE
KRS 426.220, 426.530
Under certain circumstances the defendant may redeem or buy back his/her
land which was sold on execution or at a judicial sale.

83.1 Redemption of Land Sold Under Execution
If land sold under execution does not bring two-thirds of its appraised value, the
defendant and his representatives may redeem it within six months from the
day of the sale, by paying the purchaser or his representative the original
purchase money and ten percent per annum interest thereon.
Quick Reference
1. The defendant will deliver a receipt from the purchaser. Apply the
File, date, initial
FILED stamp; add the date and your initials.
2. File the receipt on a document screen in the existing case file using
Document type REC
document type REC.
NOTE: The defendant may pay to the clerk the redemption money for
the purchaser if the purchaser refused the money or the purchaser does
not reside in the county where the land lies or in the county where the
judgment was obtained. The defendant may, before the expiration of 6
months, go to the clerk of the court where the execution issued and
make affidavit of the tender and the refusal or that the purchaser does
not reside in either county.
3. If you receive an affidavit regarding the status of the purchase and
File, date, initial
purchase money is deposited with you apply the FILED stamp to the
affidavit; add the date and your initials.
Document type AFF
4. File on a document screen in the existing case file using document type
AFF and memo “Affidavit of the Tender or Refusal.”
5. Receipt the purchase money as "Money Collected for Others.” For more
information, see the Accounting Manual.

501
 REDEMPTION OF LAND SOLD UNDER EXECUTION OR JUDICIAL SALE