Pallas Investor Deals · Kentucky
Off-Market Investment Properties in Richmond, KY
We buy houses directly from homeowners in Richmond and across Madison County, including Downtown Richmond, Eastern Kentucky University area, Gibson Bay and Hampton Ridge. The houses we don't renovate ourselves go privately to investors on our list. Join Pallas Investor Deals, choose Kentucky, and we will text and email you Richmond deals that fit your buy box.
Join Pallas Investor Deals →Local Facts for Richmond Investors
Where things happen for a property in Richmond. This is general information, not legal advice. Rules change, so confirm with the office or a local real estate attorney before you rely on it.
- County
- Madison County
- Deeds and records
- Deeds, mortgages and plats in Madison County are recorded by the Madison County Clerk, 312 N. Madison Ave. Documents from 1986 forward are scanned and available in person or online through an ECCLIX subscription.
- Foreclosure sales
- Kentucky foreclosures are judicial. After the Madison Circuit Court orders a sale, the Master Commissioner appointed by the circuit judge conducts it. Successful bidders must pay at least 10% down at the auction, with a surety bond for any unpaid balance; deeds are delivered only after the court confirms the sale and the price is paid in full.
- Property records
- Madison County PVA
- Local rules for owners
- No one may operate a short-term rental in the City of Richmond without registering it, and every short-term rental must be inspected by Planning and Zoning and/or Building Code staff and the Fire Marshal before the permit is issued (Code § 129B.02).
Sources
FAQ
Where are foreclosure sales held for Richmond properties?
Kentucky foreclosures are judicial. After the Madison Circuit Court orders a sale, the Master Commissioner appointed by the circuit judge conducts it. Successful bidders must pay at least 10% down at the auction, with a surety bond for any unpaid balance; deeds are delivered only after the court confirms the sale and the price is paid in full.
Where are deeds recorded for Richmond properties?
Deeds, mortgages and plats in Madison County are recorded by the Madison County Clerk, 312 N. Madison Ave. Documents from 1986 forward are scanned and available in person or online through an ECCLIX subscription.
Does Richmond have rules for rental property owners?
No one may operate a short-term rental in the City of Richmond without registering it, and every short-term rental must be inspected by Planning and Zoning and/or Building Code staff and the Fire Marshal before the permit is issued (Code § 129B.02).
Kentucky Rules That Apply Here
Closings, transfer tax, the foreclosure process and wholesaling rules are set at the state level.
Read the Kentucky investor guide →Run the Numbers
- ARV calculator: estimate after repair value from comps
- Fix and flip calculator: profit, cash needed and ROI
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