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(1) All deeds, mortgages and other instruments required by law to be recorded to be effectual against purchasers without notice, or creditors, shall be recorded in the county clerk's office of the county in which the property conveyed, or the greater part thereof, is located.

A Kentucky land contract establishes the terms and conditions of a vacant land purchase agreement between two parties. The terms stipulated on the contract range from financial provisions, such as the agreed-upon purchase price and any monetary contingencies, to the land's legal descriptors as they appear on the deed.

You can list your Kentucky home without a realtor on cash marketplaces like Houzeo.com and Sundae. You can get multiple cash offers, some up to 100% of the Fair Market Value. Sellers can also offer their properties to iBuyers who make instant cash offers of up to 70%.

A Sales Agreement is a legally binding contract between a buyer and a seller to outline the terms of a transaction. Either the buyer or seller can create a Sales Agreement to document the transaction. A Sales Agreement outlines: Details about each party.

A contract for deed is a private agreement between a landowner (a seller) and a buyer that allows the buyer to purchase land over time without a traditional bank mortgage loan. Generally, the buyer agrees to pay for the land through a series of installment payments made over a number of years.

The Kentucky Supreme Court has ruled that a default on a land contract must be treated like a default on a mortgage debt. In other words, the owner must file a foreclosure action and the property will be sold at a judicial auction. This is a time-consuming and costly process.