Ky. Sup. Ct. Order 2021-33 § 5

(1) The master commissioner shall sell the property in a reasonable time not to

exceed 90 days after the date of the order of referral except that property found

to be “vacant and abandoned” shall be sold in accordance with KRS 426.205.

Upon motion and good cause shown, the court may extend the deadline

established by this subsection for a period not to exceed 30 days.

(2) Before any real property is sold under a judgment and order of sale, the

appraisal value shall be determined by two disinterested persons both of whom

are actively engaged in or have had at least one year of experience in the field of

real estate. In accordance with KRS 426.520(2) the appraisal shall be in

writing, shall be signed by the persons making it, and shall be filed in the court

record prior to the sale.

(3) All sales shall be advertised in accordance with KRS 424.130 as follows: The

advertisement shall be published at least once not less than seven days nor

more than 21 days before the date of the sale, but may be published two or

more times provided that one publication occurs not less than seven days nor

more than 21 days before the date of the sale. The advertisement shall include:

(a) The time, place and terms of sale;

(b) A reference to the judgment and order of sale in case number YY-CI-

####; and

(c) A description of the property to be sold, which shall include only the

street address (or if the property has no street address a brief description

of its location) and any number(s) assigned to the property/parcel by the

tax assessor for purposes of identification and record keeping such as

the parcel or property identification number.

(4) At the time of sale the successful bidder shall either pay full cash or make a

deposit of 10% of the purchase price with the balance on credit for 30 days. If

the purchase price is not paid in full, the successful bidder shall execute a

bond at the time of sale with sufficient surety approved by the master

commissioner prior to the sale to secure the unpaid balance of the purchase

price. Pursuant to KRS 426.705 the bond shall bear interest at the rate the

judgment bears, from the date of sale until paid, and shall have the force and

effect of a judgment. In the event the successful bidder is the plaintiff, then in

lieu of the deposit the plaintiff shall be allowed to bid on credit up to the

judgment amount.

(5) The report of sale shall be filed by the master commissioner no later than

three business days after the date of sale.

(6) The master commissioner shall execute and deliver the deed to the

purchaser of the property no later than five business days after the court has

confirmed the sale and approved the deed and all costs, fees, and other

required amounts due and owing, if any, have been paid by the foreclosing

mortgagee or lienholder or the purchase price has been paid in full by the third

party purchaser.