KRS 91.511: Discharge of lien or satisfaction of judgment -- Redemption.

(1) At any time prior to the sale of the property, any person having any right, title, or

interest in, or lien upon, any parcel of real estate described in the petition may

discharge any city lien or satisfy a judgment in favor of the city as to the parcel of

real estate by paying to the collector the entirety of the lien or judgment, including

the principal, interest, penalties, and costs.

(2) (a) If the property is sold pursuant to the judgment or order of the court and does

not bring its most recent assessed value certified by the Department of

Revenue to the county clerk as required by KRS 133.180, the owner may

redeem the property within sixty (60) days from the day of the sale by paying

the purchaser an amount equal to the original purchase price plus interest at

the rate of eighteen percent (18%) per annum.

(b) Any owner who redeems his or her land under this subsection shall take a

receipt from the purchaser and lodge it with th e clerk of the court. The receipt

shall be entered upon the records of the court.

(3) (a) The owner may tender the redemption money to the purchaser or the

purchaser's agent or attorney, if found in the county where the land lies, or in

the county in which the judgment was obtained or order of sale made.

(b) If the money is refused, or if the purchaser does not reside in either of the

counties described in paragraph (a) of this subsection, the owner may, before

the expiration of the right of redemption, fi le with the clerk of the court in

which the judgment was rendered or the order was made, an affidavit:

1. Of the tender and refusal; or

2. That the purchaser or his or her agent or attorney do not reside in either

of the counties.

(c) The owner may then pay to the clerk the redemption money, and the clerk

shall give the owner a receipt for the payment and file the affidavit in the case

file of the action.

(4) (a) When the right of redemption exists, the owner may remain in possession of

the property until it expires. Real property so sold shall not be conveyed to the

purchaser until the right of redemption has expired.

(b) If the property is redeemed, the sale shall, from and after the redemption, or

from and after the deposit of the redemption money with the clerk, be null and

void.

(5) In the event of failure to redeem within the period provided for redemption, the

owner or any other party in interest shall be barred forever of all his or her right,

title, and interest in and to the parcel of real estate described in the petition.

(6) Upon redemption as permitted by this section, the person redeeming shall be

entitled to a certificate of redemption from the collector describing the property in

the same manner as it is described in the p etition and the collector shall thereupon

note on his or her records the word "redeemed" and the date of the payment

opposite the description of the parcel of real estate.