OFFICE OF BOONE COUNTY MASTER COMMISSIONER
6025 Rogers Lane, Suite 349
Phone: (859) 334-3916 Fax: (859) 334-3295
Web Site: www.boonecountyky.org/
click on Departments and Agencies/
then to Master Commissioner
LARRY B. DILLON, Master Commissioner
GREGORY W. McDOWELL, Deputy Master Commissioner
TERMS AND CONDITIONS OF
BOONE COUNTY MASTER COMMISSIONER’S SALES
- Master Commissioner Sales are “ Buyer Beware” Sales.
- The Master Commissioner sells the real estate, including any dwelling situated thereon “as is, where is and with all faults”. The condition of the property is not warranted by the Court, by the Master Commissioner, or by the Plaintiff.
- The high bidder does not receive a Warranty Deed. The high bidder receives a Master Commissioner’s Deed with no warranties.
- Title to the property is not warranted by the Court, by the Master Commissioner or by the Plaintiff.
- If you bid on property, you should perform your due diligence before you bid, not after. This includes both inspections of the title and liens on the property and also the condition of the property.
- Sales are confirmed by the Circuit Court no sooner than 10 days and no later than 21 days from the date of the sale at 8:45 a.m. before the appropriate presiding Circuit Judge. Deeds cannot be given until the Sale is confirmed and paid in full.
- Objections to Confirmation must be in writing and filed in the Circuit Clerk’s office prior to the Confirmation Motion date for the Report of Sale . Objections must be served on the Attorney for the Plaintiff and on all parties to the action as well as the Master Commissioner.
- If you are the high bidder at the Sale , you must pay in one of two ways:
- Cash for the full price immediately following the Sale . Checks will be for Certified funds or a Cashier’s check made payable to the Master Commissioner, Boone Circuit Court.
- If you want to pay by posting bond, you must pay the deposit required in the Judgment and Order of Sale, and you must have a Surety which must be (1) an insurance company, (2) a bank doing business in Ken tucky (3) a surety who is a resident of Ken tucky who has a financial statement showing a net worth at least twice the amount of the bond or (4) pledging other real property owned in Boone County having “equity” equal to the amount of the bond. Equity means the PVA value of the property less the amount owed on the property. Payoffs on mortgages must be provided in writing. Your Surety must unconditionally guaranty payment of the bonds. There can be no conditions of the Surety. Your Surety must attend the Sale with you and must sign the Surety form immediately following the Sale . Your Surety must be pre-approved by the Master Commissioner’s office no later than 4:00 p.m. on the Monday immediately preceding a Thursday sale.