Foreclosure & Alternatives Law

Does Kansas Law Allow for a Redemption Period After a Foreclosure?

Yes, a Kansas borrower has a right of redemption following a foreclosure sale. The time period for that right of redemption varies according to how much of the mortgage loan was paid to the lender at the time of the foreclosure. If the borrower had paid more than one third of the loan at the time of the foreclosure then the borrower has one year to redeem the property. If the borrower had repaid less than one third of the loan at the time of the foreclosure sale then the borrower has less than one year to redeem the property. If the property has been abandoned then the time period for redemption can also be reduced.