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Hutchinson, KS News

Hutchinson News
Local news for Hutchinson, KS continually updated from thousands of sources on the web.

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Contact Information

310 W. 27th. Street
Hutchinson, KS, 67502
Office: 800-339-8841
Cell: 800-339-8841
Fax: 800-339-8841
foreclosure types PDF Print E-mail

What types of foreclosure are there in theHutchinson Kansas area?

Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on Hutchinson Kansas property requests a court-supervised sale of the property to cover the unpaid balance of a delinquent debt.
Nonjudicial foreclosure is the process of selling real property under a power of sale in a mortgage or deed of trust that is in default. In such a foreclosure, however, the lender is unable to obtain a deficiency judgment, which makes some title insurance companies reluctant to issue a policy.

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Last Updated ( Thursday, 04 September 2008 )
 
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