KRS 426.540: Redemption right may be sold -- Rights of purchaser and debtor -- Report

of sale.

If the proceeds of sale fail to satisfy the judgment, the right of redemption provided for in

KRS 426.530 may be sold to satisfy the residue of the judgment. The right o f redemption

shall also be liable to sale under execution. The land shall be subject to redemption from

both purchasers for one (1) year from the first sale. The purchaser of the right of

redemption may, before the end of a year from the first sale, pay th e prior purchaser his

purchase money and interest as provided in KRS 426.530, and shall then be entitled to the

land, subject to the rights of possession and redemption held by the defendant in the

execution. A sale made in pursuance of any such judgment o r order shall be reported to

the court by the commissioner or officer who made the sale, and the report shall state at

what sum the property sold was appraised. If the report is not excepted to, the sale may be

confirmed, but if the land is redeemed the confirmation shall thereafter be null and void.