Kansas Foreclosure Laws

From Wiki

[edit] Attorney General’s Office

Kansas Judicial Center

2nd Floor

Topeka, KS 66612-1597

Ph: (913) 296-2215

Fax: (913) 296-6296

[edit] STATE SUMMARY:

First Legal Action: Complaint

Time Frame from 1st Legal Action to Sale Action: 120 Days-12 Months

Final Legal Action: Redemption Expired

Judicial Foreclosure Available: Yes

Non-Judicial Foreclosure Available: No

Method Primarily Used: Judicial

Security Instruments: Mortgage

Right to Redemption*: Yes; 6 Months if amount of indebtedness <1/3 value of property or if more than 1/3 of the indebtness is paid, 12 Months otherwise

Deficiency Judgments Allowed: Yes

Foreclosure Postponement Available: Yes

Super Lien State:

Certified Breach Letter State: No

Lender Retains Copy of the Breach Letter: No

Eligible for Tax Advance Repayment Plans: Yes

Statutory State: No

*A borrower’s right to repurchase property lost in foreclosure sale.

** A judgment against ones person making the borrower responsible for the remaining balance on the loan after a foreclosure/sheriff sale.