Can I sell my Lexington 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 required mortgage payoff, title work, and closing can be handled in time. The court papers and current case status determine the deadline. If an auction has already happened, Kentucky law provides a limited redemption right in some cases when the sale price is below two-thirds of the appraised value.
USA Home Buyers buys houses as-is for cash in Lexington, KY and Fayette County. We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.
Call 888-274-5006 or send the property address and the notice or court papers you have.
We'll give you a written cash offer within 24 hours.
We give written cash offers in 24 hours.
Share the address and the foreclosure notice or sale date you have.
How we help you work toward closing
Tell us the property address, the sale date or notice you have, and what you know about the mortgage payoff. We review the house as-is and give you written offer terms before you commit. If you choose to proceed, a title company works through title and payoff details with you.
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.
A signed agreement is what we use to ask for a postponement; it does not change the date on its own. Confirm any change with the Master Commissioner or the court handling your case before relying on it.
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.
When you sell to us, we pay the closing costs, including the Kentucky real estate transfer tax. Mortgage balances, liens, back taxes, and your share of current property taxes are separate amounts for the title company to review under the written terms.
Mortgage foreclosure and property-tax sale are different
A Kentucky mortgage foreclosure is a circuit-court case over a home loan. If the lender wins a judgment, the court orders a public auction run by the Master Commissioner. The court must confirm the sale before the buyer gets a deed.
Court rules generally call for the Master Commissioner to hold the auction 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. Those dates do not run from a missed payment or the first notice; check your own court papers and sale information for the current deadline.
If the sale brings less than two-thirds of the appraised value, Kentucky law allows the owner to redeem within six months by repaying the sale price plus 10% interest and certain costs. See KRS 426.530 on redemption, KRS 426.560 on sale advertising, and the Kentucky Supreme Court’s master commissioner sale rules.
A delinquent property-tax sale is separate from a mortgage foreclosure and has different notices and deadlines. Do not use a mortgage-sale date for a tax matter; follow the tax notice and contact the county office it identifies.
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 payoff statement. The title company can review the payoff and other liens against the written sale terms; any lender decision about a payoff is specific to that case.
What happens next
- Call or send the Lexington property address and the notice or sale date you have.
- We review the house as-is and give you a written offer and written terms before you commit.
- If you choose to move forward, a title company reviews title and payoff details.
- We use the agreement to ask for a postponement while working toward closing.
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.
Fayette County sale and tax information
For court-ordered property sale information, search or contact the Master Commissioner of the Fayette Circuit Court. The office advises checking case status against official court records, so confirm the current date using your case information before relying on a listing.
For a delinquent property-tax notice, use the Fayette County Clerk’s delinquent-tax information. Keep its notices and deadlines separate from a mortgage foreclosure case.
Questions and contact
Compare your assumptions with the Lexington home-sale net proceeds calculator → as a planning estimate, not a property-specific offer or payoff figure.
What sellers say about USA Home Buyers
Questions about selling before foreclosure in Lexington, KY
Can I sell my Lexington house before a master commissioner’s sale?
A sale before the auction may be possible if the required payoff, title work, and closing can be completed in time. Your court papers and current case status control. 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.
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. Keep treating the date in your notice or court papers as the active date unless the current status is confirmed with the office handling the sale.
Is a mortgage foreclosure the same as a property-tax sale?
No. A mortgage foreclosure is a court case about a home loan. A delinquent property-tax sale is a separate process with its own notices and deadlines. Do not use a mortgage-case date for a tax-sale deadline; follow the tax notice and check the Fayette County Clerk’s delinquent-tax information.
Can I redeem my house after a Kentucky foreclosure sale?
If the sale brings less than two-thirds of the appraised value, Kentucky law allows the owner to redeem within six months by repaying the sale price plus 10% interest and certain costs. Check the court record and talk with an attorney about the specific case.
What if the payoff is more than my Lexington house is worth?
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 payoff statement so the title and closing details can be reviewed against written sale terms. A lender decides whether to change a payoff in a particular case.
Do I have to pay back taxes before selling to you?
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. A delinquent-tax sale still has separate notices and deadlines; check the tax notice and Fayette County Clerk information.
Talk through your foreclosure deadline
Call 888-274-5006 or send the Lexington property address and the notice you have.
We'll give you a written cash offer within 24 hours.
We give written cash offers in 24 hours.
Share the address and the foreclosure notice or sale date you have.