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Yes, there are deficiency judgements on foreclosures in the state of Kentucky. A person could have a personal judgement for the balance owed. An attorney can help you decide the best course of action.
Wiki User
∙ 9y ago
Yes, deficiency judgments can happen in Kentucky following a foreclosure. A deficiency judgment is a court order that allows the lender to recover any remaining balance on the mortgage that was not satisfied through the foreclosure sale. However, it is important to note that Kentucky has certain limitations and requirements for deficiency judgments, including a requirement for the lender to file a motion for deficiency judgment within two years of the foreclosure sale.
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