USA Home Buyers

Richmond, KY · Madison County › Foreclosure

Can I Sell My Richmond House Before Foreclosure?

Yes. You may still be able to sell before a Kentucky mortgage foreclosure auction if the loan can be paid off and title and closing work can be completed in time.

USA Home Buyers buys houses as-is in Richmond and Madison County, Kentucky. We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.

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We give written cash offers in 24 hours.

Share the house address and the court notice or sale date you have. We can start with the details you know.

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How we help with a possible sale

Tell us about the Richmond house and the notice or sale date you have. We review the property as-is and work toward a closing when the property, payoff, title, and timing support it.

You get a written offer and written terms before you commit, and we close through a title company. If a master commissioner's sale is scheduled, tell us the date right away so we can try to close before it.

Which sale is named in your notice?

Mortgage foreclosure

Kentucky mortgage foreclosures go through circuit court. The lender files a lawsuit; if it wins a judgment, the court orders a public auction run by the master commissioner. Court rules generally require the 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 runs from referral, not from a missed payment or first notice. If a master commissioner's sale is scheduled, tell us the date right away so we can try to close before it.

Property-tax matter

A mortgage foreclosure and a property-tax sale are different matters, with separate notices and deadlines. A master commissioner sale date is separate from the deadlines in a property-tax notice.

For Madison County delinquent-tax information, start with the Madison County Clerk's delinquent-tax page.

If a mortgage auction has already taken place, the court must confirm the sale before the buyer gets a deed. If the sale price is 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. See KRS 426.530; ask a Kentucky attorney whether it applies to your case.

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.

A current lender payoff and title details shape the numbers for a specific sale. We can review the information and put any offer and terms in writing for you to compare.

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. No agent commissions when you sell to us. No fees. Your mortgage payoff, liens, back taxes, and share of current property taxes are separate.

What happens next

  1. 1. Contact us about the house and notice

    Call or use the form. Share the address and any sale date or payoff information you have; you can start with what you know.

  2. 2. Review written terms

    We give you a written cash offer and written terms before you decide whether to commit.

  3. 3. Work through title and payoff

    If you choose to proceed, the title company reviews ownership, mortgage payoff, liens, and closing requirements. Payoffs are handled through closing under the written terms.

  4. 4. Close through a title company

    Close as fast as 7 days when title and closing details allow.

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.

Madison County starting points

The Kentucky Court of Justice Madison County court directory lists the Madison County Courthouse at 101 W. Main St. and the District Court Hall of Justice at 351 W. Main St. For your auction date, use the date on your current sale notice.

For recording questions, the Madison County Clerk's Richmond Branch is at 321 N. Madison Ave., Richmond, KY 40475, and its main number is 859-624-4703. See the Clerk's recording information. The Clerk's delinquent-tax page also routes ordinary annual county property-tax bill questions to the Sheriff's Office at the Courthouse Annex, 135 W. Irvine St.

Questions and contact

Compare possible sale proceeds with the Richmond home-sale net-proceeds calculator. It is a planning estimate, not a property-specific offer.

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Frequently Asked Questions — Richmond, KY Foreclosure

Can I sell my Richmond house before a master commissioner sale?

Yes. You may still be able to sell before the auction if the loan can be paid off and title and closing can be completed in time. If a master commissioner's sale is scheduled, tell us the date right away so we can try to close before it.

Is a property-tax sale the same as a mortgage foreclosure?

A mortgage foreclosure and a property-tax sale are different matters, with separate notices and deadlines. A master commissioner sale date is separate from the deadlines in a property-tax notice.

What if my mortgage payoff is more than the house is worth?

Think the payoff is more than the house is worth? Ask us — we've gotten lenders to come down before. The current payoff, title details, and written terms still need to be reviewed for your property.

Do I have to pay back taxes or liens before closing?

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.

What closing costs do you pay when I sell to you?

When you sell to us, we pay the closing costs, including the Kentucky real estate transfer tax. Your mortgage payoff, liens, back taxes, and share of current property taxes are separate from the closing costs we pay.

What happens after a master commissioner sale?

The court must confirm the sale before the buyer gets a deed. If the house sells for less than two-thirds of its appraised value, Kentucky law allows the owner to redeem within six months by repaying the sale price plus 10% interest and certain costs. Whether that rule applies depends on the case and sale; check KRS 426.530 and ask a Kentucky attorney about the deadline.

Do I need to repair or clean out the house before selling to you?

We buy houses as-is, in any condition — no repairs, no cleaning, no cleanout required to sell to us.

Call USA Home Buyers at 888-274-5006 to talk about the house and the notice you received.

We give written cash offers in 24 hours.

Share the house address and the court notice or sale date you have. We can start with the details you know.

By submitting, you agree to our Privacy Policy and Terms of Service. You consent to receive calls and texts from USA Home Buyers. We never share your information.

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