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, which enables the lender to claim for his dues from 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 about the property sale, a notice of which should also be served to borrower within five days from the first advertisement.
Here are a few foreclosure types you should know. https://uslawyer.us/foreclosure-types