Kansas Foreclosure Law forbids the option of non-judicial foreclosure and issues foreclosure of the property only under the judicial route.
- The law recognizes the Mortgage agreement as to the primary security instrument, enabling the lender to claim his dues from the defaulting borrower or property owner.
- The Kansas foreclosure law provides for the right of redemption and deficiency judgments.
- The lender can sell the property once the court issues the foreclosure.
- However, the lender has to publicize the property sale, which should also be served to the borrower within five days from the first advertisement.
Here are a few foreclosure types you should know. https://uslawyer.us/foreclosure-types