Kentucky Statutes 91.514 – Vesting title in purchases — Title subject to designated liens — Exceptions
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(1) Upon the confirmation of the sale by the court and the expiration of the right of redemption provided in KRS § 91.511, the title to any real estate purchased from the master commissioner pursuant to KRS § 91.481 to KRS § 91.527 shall vest in the purchaser. The title of the real estate shall be an absolute estate in fee simple, subject to rights- of-way of public utilities on which tax has been otherwise paid and subject to any right of redemption of the United States of America, if any. All persons, including the Commonwealth of Kentucky, infants, incompetents, absentees, and nonresidents who may have had any right, title, interest, claim or equity of redemption in or to, or lien upon the land shall be barred of all right, title, interest, claim, lien or equity of redemption, and the court shall order that immediate possession of the real estate be given to the purchaser. Any person so barred shall thereafter have as his exclusive remedy a claim for a share of the proceeds of the sale of the real estate by the master commissioner.
(2) The title shall be subject to the liens of any tax bill which may have attached to the parcel of real estate prior to the time of the filing of the petition affecting the parcel of real estate not then delinquent, or which may have attached after the filing of the petition and prior to the expiration of the period provided for redemption and not including any answer to such petition.
(3) If the parcel of real estate is sold to the city or to a land bank authority created pursuant to KRS § 65.350 to KRS § 65.375, the title shall be free of any liens to the extent of the interest of any taxing authority in any such real estate.
(4) The title shall not be subject to the lien of special tax bills which have attached to the parcel of real estate but the lien of the special tax bill shall attach to the proceeds of the master commissioner’s sale or to the proceeds of the ultimate sale of the parcel by the city.
(5) Failure of any party other than the purchaser to follow the procedures set out in
KRS § 91.484 to KRS § 91.527 shall not affect the vesting of title in the purchaser.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 314, sec. 4, effective July 14, 1992. — Amended
1988 Ky. Acts ch. 91, sec. 2, effective July 15, 1988. — Amended 1982 Ky. Acts ch.
409, sec. 10, effective July 15, 1982. — Created 1980 Ky. Acts ch. 47, sec. 11, effective July 15, 1980.
(2) The title shall be subject to the liens of any tax bill which may have attached to the parcel of real estate prior to the time of the filing of the petition affecting the parcel of real estate not then delinquent, or which may have attached after the filing of the petition and prior to the expiration of the period provided for redemption and not including any answer to such petition.
Terms Used In Kentucky Statutes 91.514
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- City: includes town. See Kentucky Statutes 446.010
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Lien: A claim against real or personal property in satisfaction of a debt.
- real estate: includes lands, tenements, and hereditaments and all rights thereto and interest therein, other than a chattel interest. See Kentucky Statutes 446.010
(3) If the parcel of real estate is sold to the city or to a land bank authority created pursuant to KRS § 65.350 to KRS § 65.375, the title shall be free of any liens to the extent of the interest of any taxing authority in any such real estate.
(4) The title shall not be subject to the lien of special tax bills which have attached to the parcel of real estate but the lien of the special tax bill shall attach to the proceeds of the master commissioner’s sale or to the proceeds of the ultimate sale of the parcel by the city.
(5) Failure of any party other than the purchaser to follow the procedures set out in
KRS § 91.484 to KRS § 91.527 shall not affect the vesting of title in the purchaser.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 314, sec. 4, effective July 14, 1992. — Amended
1988 Ky. Acts ch. 91, sec. 2, effective July 15, 1988. — Amended 1982 Ky. Acts ch.
409, sec. 10, effective July 15, 1982. — Created 1980 Ky. Acts ch. 47, sec. 11, effective July 15, 1980.