Property Ownership
In Kentucky, a mortgagor who defaults on their loan retains possession of the property during the judicial foreclosure process until:
AThe first missed payment
BThe court-ordered foreclosure sale is completed✓ Correct
CThe lender files the lawsuit
DA notice of default is recorded
Explanation
In Kentucky's judicial foreclosure process, the mortgagor typically retains possession and the right to cure the default until the court-ordered sale is completed.
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