Kentucky SB316 amends real property law to require a court judgment, a voluntary assignment, or a joint writing for a trustee's sale to be valid.
Kentucky SB316 modifies the conditions under which a sale of real estate by a trustee can be considered valid. The bill specifies that such a sale must either be pursuant to a court judgment, made by an assignee under a voluntary deed of assignment, or involve the maker of the deed or pledge joining in a writing evidencing the sale. This change affects trustees and property owners in Kentucky.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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