Covington, KY › Foreclosure
Can I Sell My Covington House in Foreclosure?
Our agreement of sale will often get a master commissioner's sale postponed so we can close. Signing alone doesn't postpone it automatically; we use the agreement to ask for the postponement, and it works more often than people think.
Yes. You may still be able to sell before the master commissioner’s auction if the mortgage payoff, title work, and closing can be addressed before the sale date. A Kentucky mortgage foreclosure goes through circuit court: the lender files a lawsuit, and if it wins a judgment, the court orders a public auction. Your case papers and current sale date control.
USA Home Buyers buys houses as-is in Covington and Kenton County. We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us. You receive written offer terms before you commit, and closing is through a title company.
Call 888-274-5006We'll give you a written cash offer within 24 hours.
We give written cash offers in 24 hours.
Takes 2 minutes. No obligation.
How we help you work toward closing
Tell us the property address, what court papers or notice you received, the sale date shown, and what you know about the mortgage payoff. We review the house as-is and give you a written offer and written terms before you commit. Our agreement of sale will often get a master commissioner's sale postponed so we can close. Signing alone doesn't postpone it automatically; we use the agreement to ask for the postponement, and it works more often than people think.
The title company reviews ownership, payoff figures, liens, and the closing requirements. Confirm any change to the court sale date with the master commissioner or your attorney before relying on it.
A mortgage foreclosure and a tax sale are different
A Kentucky mortgage foreclosure is a lender’s circuit-court case. If the court enters a judgment, the house may be sold at a public auction run by a master commissioner. A property-tax sale concerns unpaid property taxes and has its own notices and deadlines. Do not apply a mortgage-case date to a tax sale; follow the notice for the sale you are facing.
For a mortgage case, court rules generally require the master commissioner to hold the sale within 90 days after the case is referred. Two disinterested people appraise the house first, and the sale is advertised at least once between 7 and 21 days before the auction. The court must confirm the sale before the buyer gets a deed. The 90-day period starts with the referral, not with a missed payment or first notice; check your case papers for the dates and required steps.
If the sale brings less than two-thirds of the appraised value, Kentucky law lets the owner redeem within six months by repaying the sale price plus 10% interest and certain costs. Read KRS 426.530 on redemption, KRS 426.560 on sale advertising, and Kentucky Supreme Court Order 2024-40, master commissioner sale rules for the legal text.
If the payoff is the problem
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before.
Ask your lender for a current mortgage payoff. A title company can review that amount, other liens, and the figures due so you can see what a sale would need to address. You don't need to pay off your back taxes before we settle. We buy houses with back taxes and liens — payoffs get handled through the closing, not by you upfront.
Mortgage balances, liens, back taxes, and your share of current property taxes are separate settlement items.
What happens next
- 1. Contact us. Call or send the Covington property address and the date shown on your court papers.
- 2. Review written terms. We look at the house and the details you share, then provide written offer terms before you commit.
- 3. Check title and payoff. The title company reviews ownership, current payoff information, liens, and the requirements for closing. Court dates and required steps still matter.
- 4. Work toward closing. If title, payoff, and timing allow the sale to proceed, we work with you and the title company toward closing. When you sell to us, we pay the closing costs, including the Kentucky real estate transfer tax. Mortgage payoffs, liens, back taxes, and your share of current property taxes are separate settlement items.
It's real estate. Sometimes there are bumps in the road. We won't disappear when that happens, and we'll be fighting to get this to the closing table.
Kenton County property-tax and recording information
If your notice concerns county property taxes, the Kenton County Sheriff’s property-tax information is the county billing and collection contact route. For City of Covington property-tax questions, contact the City’s Finance Department. Follow the dates and instructions on your own notice; tax-sale deadlines are separate from a mortgage foreclosure case.
The Kenton County Clerk’s real-estate FAQ explains the county’s recording route for real-estate documents. Contact the office to confirm current details.
Estimate possible sale proceeds with the Covington calculator → This is a planning estimate, not a property-specific offer.
Questions about foreclosure in Covington, KY
Can I sell my Covington house before the master commissioner’s sale?
A sale before the auction may be possible if the mortgage payoff, title work, and closing can be addressed before the sale date. Your case papers and current dates control. Confirm the deadline with your lender, attorney, or the master commissioner named in your case.
Does signing an agreement automatically postpone the sale?
Our agreement of sale will often get a master commissioner's sale postponed so we can close. Signing alone doesn't postpone it automatically; we use the agreement to ask for the postponement, and it works more often than people think.
What if my mortgage payoff is more than my Covington house is worth?
Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before. A current payoff and title review can show what the sale would need to address.
Is a property-tax sale the same as a mortgage foreclosure?
No. A mortgage foreclosure is a lender’s circuit-court case. A property-tax sale concerns unpaid property taxes and has separate notices and deadlines. Do not use a mortgage-case date as the deadline for a tax sale; follow the tax notice and contact the office it identifies.
Can I redeem my home after a Kentucky foreclosure sale?
If a Kentucky foreclosure sale brings less than two-thirds of the appraised value, the owner can redeem within six months by repaying the sale price plus 10% interest and certain costs. Check the court record and speak with an attorney about your specific case.
Talk with us about the Covington property
Call 888-274-5006 or send the property address to start a conversation.
We'll give you a written cash offer within 24 hours.
We give written cash offers in 24 hours.
Takes 2 minutes. No obligation.