How long do have to move out of your home after foreclosure in KY?

Answer 1

The short answer is you should have received a notice in the mail about how much time you have. The long answer is if you have not, then I am assuming your home is in default, or is soon to be in default, but a foreclosure action by the bank has not begun yet. Banks do not want to own your home or pay attorneys or go through a sale. Banks would just prefer if someone would pay them. I cannot remember if Kentucky allows the owner to purchase back their home, even after the sale--statutory right of redemption. You should have a notice or will soon be getting a notice as to when you home will be up for sale. Then, when it goes up for sale, and if and when it is purchased by someone else, or no one else, in which case, the bank now owns it, then you would definitely get a notice about how long you have to vacate (leave). My best guess it that you have 10, 15, or 30 days after the actual sale to vacate. Then again, I cannot remember if Kentucky gives a statutory right to repurchase the home within so many days after the sale. If KY does allow this, then you would probably have some additional time because you are being allowed to repurchase your home back. Don't call the bank's attorney because he does not have to talk to you--he/she works for the bank. If you don't have an attorney or know an attorney, then your best source would be to call the bank and ask and/or the sheriff's dept. If the sheriff cannot answer you, then ask them who you should call. There also are legal aid offices for people who cannot afford attorneys in Lexington, KY. Maybe there is one in your town. You should be looking for another place to live in the meantime and/or coming up with some financing.