VESTING
- The following tenancy types are recognized: Tenants in Common; Joint Tenants and Tenants by the Entirety
- The non-titled spouse must sign the security instrument irregardless if he/she holds title
- Acceptable instruments for transferring ownership of real property: Warranty Deed; Quitclaim Deed or Limited Warranty Deed
RELEASE
- Release (release must state recording information of mortgage being satisfied)
POWER OF ATTORNEY
- Must be durable and specify what powers the attorney holds
TAX DUE DATES
- Taxes are due on September 15th
- Taxes become delinquent on January 1st
MORTGAGE/TRANSFER TAX
- Mortgage tax is NOT charged
- Transfer tax fees are $0.50 per $500.00
SECURITY INSTRUMENT RECORDING REQUIREMENTS
- All instruments submitted for recording must include a name, address and signature of who prepared the document
- Notarization must include signature, expiration date of commission and seal or stamp (seal or stamp only required for Out of State notaries)
- Property tax ID must be included on all documents submitted for recording
- All original signatures must have names typed or printed under signature line
WHO MAY SERVE AS TRUSTEE ON DEED OF TRUST
STATUTE OF LIMITATIONS
- JUDGMENTS IN FAVOR OF U.S. - 20 years
- ALL OTHER JUDGMENTS - 15 years
- STATE OF KENTUCKY TAX LIENS - 10 years
- FEDERAL TAX LIENS - 10 years
- HOMEOWNER'S ASSOCIATION - 15 years
- FINANCING STATEMENT - 5 years
- MORTGAGES - 15 years from maturity date
- PERSONAL PROPERTY TAX LIENS - 10 years
- WORKERS COMPENSATION TAX LIENS - 10 years
- STATE INHERITANCE TAX - 10 years
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Kentucky Information
