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52 U. Louisville L. Rev. 113 (2013)
Kentucky Property Tax Lien Sales: Amendments in the Interest of Homeowners and Mortgages and Returning Tax Collection to Local Taxing Districts as a Matter of Public Policy
Molly K. Hardy*
Abstract

Few parties have escaped unscathed by the turbulence that has plagued the American economy in recent years. Among the parties hardest hit, competing interests have emerged. Illustrative of this tug-of-war is the home mortgage foreclosure crisis. Homeowners across the country are struggling to make their mortgage payments and save their homes from foreclosure. On the other hand, mortgagees are increasingly unable to recover the full value of a loan in a foreclosure action. Although the home mortgage foreclosure crisis has received attention in popular media in recent years, a second, and equally pressing, foreclosure crisis is on the rise: foreclosures arising from property tax lien sales. In fact, in a recent report released by the National Consumer Law Center, this phenomenon was aptly dubbed “The Other Foreclosure Crisis.” It is this lesser known crisis that inspired this Note.

* J.D. Candidate, May 2014, Louis D. Brandeis School of Law, University of Louisville; B.A., summa cum laude, Political Science and Communication Studies, May 2011, Western Kentucky University. I would like to thank a number of people for their continued encouragement throughout the Note writing and editing process. In particular, I am grateful to my husband, B.J. Hardy, the best partner in law school and life I could ask for; to my family and friends, whose love and support I can always count on; to Professor Les Abramson, whose generosity with his time and knowledge served to strengthen this Note; and finally, to my editors, for their helpful feedback and comments.