Loan Modification Blog » Kansas Foreclosure http://www.1stforeclosureprevention.com/blog Loan Modification Blog Thu, 09 Sep 2010 10:41:36 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 Kansas Foreclosure http://www.1stforeclosureprevention.com/blog/2009/08/14/kansas-foreclosure/ http://www.1stforeclosureprevention.com/blog/2009/08/14/kansas-foreclosure/#comments Fri, 14 Aug 2009 17:22:30 +0000 admin http://www.1stforeclosureprevention.com/blog/?p=195 kansas-state-mainIf you live in the State of Kansas, the only foreclosure process available to a lender is through the courts, a judicial foreclosure. The lender must file for a lawsuit against the borrower when there is no power of sale. The property is then auctioned off after the following procedure is followed. The lender must first advertise the notice of sale for three consecutive weeks in newsprint within the county of where the property is located. The finale publication cannot be no more then 14 days and no less then seven days before the sale date. The borrower must receive notice of the sale as well as all who have lien within five days of the first public posting.

Generally, the borrower has a year from the date of the sale to redeem the property. Kansas does allow for lenders to sue for a deficiency judgment for the loss between the foreclosure sale and the original amount due on the mortgage.

If you live in Kansas and are facing foreclosure, 1st Foreclosure Prevention can help you work with you lender to stop the foreclosure process and help you to save your home.

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