Legal Question in Real Estate Law in Kentucky

I understand that after a foreclosure sale

the former owner may buy back the property within one year but how do improvements made by new owner affect the buyback price?


Asked on 9/26/11, 6:20 am

2 Answer from Attorneys
Andrea Welker Welker Law Office

The former owner can only buy back the property IF it sold at master commissioner's sale for less than 2/3 the appraisal value. If it did, the bank's lawyer made a big screw-up, which happens on occasion, but not often. If that is the case, and subsequent improvements have been made, there will have to be compensation paid for the improvements.

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Answered on 10/01/11, 10:45 am


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