Stop Foreclosure Kansas
Did you know there are several programs that can help save your Kansas home and stop the impending foreclosure? Loss Mitigation Agencies, such as ours, are experts in these programs and have assisted thousands of homeowners by providing straight answers and viable solutions.
Sometimes things beyond your control can put you into a financial bind that makes it hard to keep up with your mortgage payments. Don't let a missed mortgage payments in Kansas KS turn into default, mortgage foreclosure or eviction.
You and your family can rely upon us to provide guidance, comfort and assurance through this current situation. Let us reduce your stress and put you at ease.
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Kansas KS Foreclosure Laws
Lenders in the state of Kansas may foreclose on a mortgage in default using the judicial foreclosure process.
Judicial Foreclosure
A judicial process of foreclosure requires that the lender file a lawsuit and attain a court order to foreclose on a particular property.
Judicial Foreclosure Procedure
The notice of sale shall be published weekly for three (3) successive weeks, with the final publication being no more than fourteen (14) and no less than seven (7) days prior to the scheduled date of sale. Notice of the sale must also be sent to the borrower within five (5) days of the first announcement.
The sale is usually conducted at the courthouse of the county in which the property resides unless otherwise ordered by the court. The sale is by public auction to the highest bidder. The buyer 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 provide good and perfect title, once the borrower’s right of redemption has expired.
The borrower 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.
Legal Information Is Not The Same as Legal Advice
This site provides information about Kansas state foreclosure law designed to help users safely cope with their own legal needs and possible find alternatives. Everyone's legal status is different. The laws of every state are in constant change and we recommend you consult a lawyer.