91.514 Vesting title in purchases -- Title subject to designated liens -- Exceptions.

386 words·~2 min read·/ky/chapter-91/91-514

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Upon the confirmation of the sale by the court and the expiration of the right of

redemption provided in KRS 91.511, the title to any real estate purchased from the

master commissioner pursuant to KRS 91.481 to 91.527 shall vest in the purchaser.

The title of the real estate shall be an absolute estate in fee simple, subject to rights-

of-way of public utilities on which tax has been otherwise paid and subject to any

right of redemption of the United States of America, if any. All persons, including

the Commonwealth of Kentucky, infants, incompetents, absentees, and nonresidents

who may have had any right, title, interest, claim or equity of redemption in or to, or

lien upon the land shall be barred of all right, title, interest, claim, lien or equity of

redemption, and the court shall order that immediate possession of the real estate be

given to the purchaser. Any person so barred shall thereafter have as his exclusive

remedy a claim for a share of the proceeds of the sale of the real estate by the master

commissioner.

(2)The title shall be subject to the liens of any tax bill which may have attached to the

parcel of real estate prior to the time of the filing of the petition affecting the parcel

of real estate not then delinquent, or which may have attached after the filing of the

petition and prior to the expiration of the period provided for redemption and not

including any answer to such petition.

(3)If the parcel of real estate is sold to the city or to a land bank authority created

pursuant to KRS 65.350 to 65.375, the title shall be free of any liens to the extent of

the interest of any taxing authority in any such real estate.

(4)The title shall not be subject to the lien of special tax bills which have attached to

the parcel of real estate but the lien of the special tax bill shall attach to the proceeds

of the master commissioner's sale or to the proceeds of the ultimate sale of the

parcel by the city.

(5)Failure of any party other than the purchaser to follow the procedures set out in

KRS 91.484 to 91.527 shall not affect the vesting of title in the purchaser.