Release of Certificate of Delinquency Assigned to a Third Party

A third party has had the ability to purchase delinquent real property tax bills (officially known as certificates of delinquency) in Kentucky for many decades. However, it has only been in the last 15 to 20 years that significant interest in acquiring these delinquencies has developed. In response to this increased demand, significant legislative reforms have been enacted that standardize the tax sale process throughout the State, require registration of third party purchasers who meet certain thresholds, establish guidelines for the amounts of pre-litigation fees that can be imposed, mandate that annual notices must be sent to delinquent taxpayers and detail the information that must be included in those notices.