Yes, Kentucky has a restricted statutory right of redemption, which allows a party whose property has been foreclosed to reclaim that property by making payment in full of the sum of the unpaid loan plus costs and 10 percent interest. There is a time limit to undertake such redemption of one (1) year and this right of redemption is only available if the foreclosure sales price is less than 2/3 of the appraised value. The mortgagor's right to redemption is marketable and can be sold to a third party.