Kansas Foreclosure Law

 Back to Foreclosure Information by State 

-  Judicial Foreclosure Available: Yes
-  Non-Judicial Foreclosure Available: No
-  Primary Security Instruments: Mortgage
-  Timeline: Typically 120 days
-  Right of Redemption: Yes
-  Deficiency Judgments Allowed: Yes

In Kansas, lenders may foreclose on a mortgage in default by using the judicial foreclosure process.

Judicial Foreclosure 

The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order to foreclose, is used when no power of sale is present in the mortgage or deed of trust. Generally, after the court declares a foreclosure, the property will be auctioned off to the highest bidder.

The notice of the time and sale must be advertised once a week for three (3) consecutive weeks, with the last publication being no more than fourteen (14) and no less than seven (7) days before the scheduled date of sale. Notice of the sale must also be sent to the borrower within five (5) days of the first advertisement.

Unless otherwise ordered by the court, the sale is typically held at the courthouse of the county in which the property resides. The sale is by public auction to the highest bidder, who will receive a certificate of purchase. After the sale is confirmed, the winning bidder will be entitled to receive a sheriff's deed, which will vest good and perfect title to the foreclosure bidder, once the borrowers right of redemption has expired. The borrower typically has twelve (12) months from the date of the foreclosure sale to redeem the property.

Lenders may sue to obtain a deficiency judgment for the difference between the foreclosure sale price and the amount due on the original mortgage.

Foreclosure Summary copyright, © ForeclosureLaw.org

Legal Information Is Not The Same as Legal Advice

This site provides information about foreclosure law designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice. The application of law varies with an individual's specific circumstances.   The laws of every state are in constant change, and Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer if you want professional assurance

•  Contact

  Fill out the form below and one of our specialists will contact you for a FREE consultation. First Name Last Name I Am a... - Select One - Property Owner Agent / Broker Lender Investor Media I Want to... - Select One - Receive Free Consultation Sell Property in a Short Sale Buy Property Keep Property Employment Opportunity Other City State - Select One - Alaska Alabama Arkansas American Samoa Arizona California Colorado Connecticut Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming Zip Email Phone Estimated Property Value Best Time to Call   - Select One - 9-Noon Noon-2pm 2pm-5pm After Hours How did you hear about us?   - Select One - Google Yahoo MSN Postcard Letter Radio TV Friend Company Rep Web Article Newspaper Ad Other     Please sign me up for the newsletter.

  
•  News

  Dec 16, 2008 60 Minutes Reports on Mortgage Crisis Nov 11, 2008 New Legislation Aims to Prevent Foreclosure Scams in California I Short Sale, Inc, announces that the State of California has passed a new law to protect homeowners facing foreclosure from fraudulent exploitation. Nov 3, 2008 I Short Sale, Inc. to Host Educational 'Understanding the Dynamics of the Short Sale' Seminar for Realtors in the Southeast Homeowners, buyers and real estate industry professionals who want to learn more about the short sale process are invited to be a guest of Craig Long, LLC for a special event featuring Raffi Tal, Chief Operating Officer of I Short Sale, Inc. More News...

  
•  Send to a Friend

  To email the page your were just viewing to a friend, please fill out the form below. Enter YOUR email address Enter YOUR FRIENDS email address