By now, you have heard about foreclosures on the national news, but you wonder how it affects you in Louisville, KY.  This page is dedicated to arranging your search for foreclosures by Louisville MLS areas. I have described each area in detail.  At the bottom of the list, I have a search dedicated to price ranges.  You may be an investor looking for inexpensive bargains under $50,000.  Or, you may be curious as to the most expensive foreclosure house on the market. It is not unusual to see homes over $500,000 here. These searches include Jefferson County and the counties that touch it which include Bullitt, Spencer, Shelby, and Oldham County.

What are foreclosures? These are bank owned properties. They are sometimes known as REO, REOS, and OREO which stands for Real Estate Owned. There are several ways the financial institutions may have acquired these homes. The first and most common would be through court proceedings in the master commissioner’s court.  The bank has tried to receive payments and failed.  Some cases I have seen are so complicated that it takes a commissioner’s sale to clean up the title. There may be multiple liens against the house, tax liens, HOA judgments, metro government fines, etc.

Another way that banks take the title is through a deed in lieu arrangement.  The homeowner signs the proper paperwork, hands over the keys and walks away from their home.  It is hard to generalize, but these are often in better shape.

All of these homes will require a real estate agent to represent your interest.  Offers on HUD homes in KY will be done online with a registered broker/agent.

These houses are an excellent way to pick up a bargain. The beauty is that you will get to view these homes before making an offer.  As opposed to short sales, there is a definite timeline and prompt responses.  You can find more detail here.

Also, on each area link, I have described the Louisville area boundaries.

All of Louisville including Jefferson, Oldham, Shelby, Spencer, and Bullitt Counties in Kentucky
Area 0 – Central Downtown District including Old Louisville
Area 1 – Downtown, Old Louisville, West Louisville, Shively
Area 2 – Butchertown, Highlands, Germantown
Area 3 – Brownsboro Road, Clifton, Crescent Hill, St. Matthews
Area 4 – Pleasure Ridge Park, Valley Station, Shively
Area 5 – Auburndale, Fairdale, Iroquois Park, Shively
Area 6 – Buechel, Highview, Okolona, Fern Creek
Area 7 – Fern Creek, Hikes Point, Jeffersontown
Area 8 – Douglas Hills, Hurstbourne, Middletown, Anchorage, St Matthews
Area 9 – Anchorage, Glenview, Lyndon, Prospect, Upper River Rd
Area 10 – Nelson County
Area 11 – Bullitt County
Area 12 – Other Counties
Area 13 – Southern Indiana
Area15 – Carroll County
Area 16 – Hardin County
Area 18 – Washington and Marion Counties
Area 19 – Spencer County
Area 20 – Oldham County North of I-71
Area 21 – Oldham County South of I-71
Area 29 – Henry County
Area 30 – Shelby County
Area 31 – Meade County
Area 34 – Trimble County
Prices to $50,000 - Greater Louisville Area
Prices $50,000 to $100,000 - Greater Louisville Area
Prices $100,000 to $200,000 - Greater Louisville Area
Prices over $200,000 - Greater Louisville Area