Request A Foreclosure on an Abandoned Property
If there is an abandoned property that you would like to acquire, you can request that Metro foreclose on it.
What is a Metro foreclosure request?
- A foreclosure request informs Metro that there is an abandoned property that you would like the opportunity to acquire.
- If your request is accepted, Metro will file a foreclosure on the property you requested. That property will then eventually be auctioned at the Jefferson Circuit Court Commissioner’s property auction. (Not all foreclosures result in a Commissioner’s auction. While most Metro initiated foreclosures conclude with the property being sold at auction, some cases are settled prior to the sale for various reasons.)
- A Metro foreclosure request is NOT a request to buy the property. It is a request to have the opportunity to bid on the property at a public auction.
- If Metro forecloses on a property at your request, it will be sold at auction to the highest bidder, whoever that may be. Metro cannot guarantee the outcome of the public auction. See the Jefferson Circuit Court Commissioner’s website for more information about the auction.
Requests for vacant, unimproved lots will not be accepted unless you plan to redevelop the lot.
Who can request a Metro foreclosure?
- All real property owned by you in Jefferson County, either individually or through an entity, must be in total compliance with the Property Maintenance Code.
- All property taxes due on all real property owned by you in Jefferson County, either individually or through an entity, must have been paid.
- You also must state your reason for the request and what your plan for the property would be should you acquire it.
What happens if your request is accepted?
- You will be notified of our intent to foreclose.
- Our office will prepare a case and send it to the Jefferson County Attorney’s Office to file the foreclosure.
- Foreclosures are court proceedings that can take as little as 9 months to up to 2 years or more to conclude.
- At the end of the foreclosure, the property is sold at a public auction. We will notify you of the date, time, and location of the auction.
What happens when the property is sold at auction?
- Typically, you will have 3-4 weeks advance notice of the sale date.
- You will need to be ready to purchase the property on the day of the auction.
- If you are the winning bidder at auction, we strongly recommend obtaining the services of an attorney. While legal assistance is not required, it is advisable to ensure the sale is completed properly and the title is clear. This will help you protect your investment.
- While many properties might seem to be of little value, you may be surprised by what you could expect to pay. See the table below for the average and maximum sale prices of properties that Metro has foreclosed on in various neighborhoods.
Should you submit a foreclosure request?
- Is the property abandoned?
- Is all of your property in compliance with the Louisville Metro Government Property Maintenance Code?
- Have you paid all of your property taxes?
- Will you have the necessary funds to purchase the property at auction?
- Do you have a plan for the property you are requesting?
Requests are accepted and reviewed according to the following timeline:
January 1, 2024 – March 31, 2024: Closed
April 1, 2024 – June 30, 2024: Accepting new foreclosure requests.
July 1, 2024 – July 15, 2024: All requests will be reviewed.
July 31, 2024: Requestors will be notified of our decision to foreclose or not. A new timeline for accepting and reviewing foreclosures will be posted online.