FRANKFORT, Ky. — In the first sale of its kind in Kentucky, the master commissioner for Fayette Circuit Court will hold property auctions online as a pilot program. The move to online judicial sales comes amid safety concerns over in-person gatherings of large groups of bidders, a regular element of traditional auctions.
Online auctions will take place Monday, Aug. 3, and Monday, Aug. 10. To learn more and to bid, visit www.kentuckymcsales.com. The first online auction was July 27.
“What we’re attempting has never been done in this state for a judicial sale,” Fayette County Master Commissioner James H. Frazier III said. “We’re taking the path of other industries we’ve seen successfully transition to online auctions over the past few decades. We’ll be evaluating this program every step of the way. I’m confident that this system will provide a secure means of conducting a judicial sale and will give these sales a much greater reach. That should be good news for all parties involved.”
Kentucky has one master commissioner per county. The master commissioner is appointed by circuit judges to assist Circuit Court with judicial sales and special proceedings. Judicial sales typically involve properties, such as foreclosures, that must be disposed of by court action to satisfy liens, mortgages and claims of ownership.
The Supreme Court of Kentucky and Fayette Circuit Court amended Fayette Circuit Criminal and Civil Court Rule 26 to allow electronic sales at the discretion of the master commissioner.
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