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Kansas State Profile
The Kansas economy expanded at only a sluggish pace in the fourth quarter 2005. The Kansas economy gained fewer than 3,000 jobs in the fourth quarter 2005, contributing to an increase of fewer than 1,000 jobs for the year, compared to nearly 23,000 jobs gained in 2004...
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Finding Opportunity in the Kansas Real Estate Market: Pre-Foreclosures
For the real estate investor, the notice of default (NOD) or "pre-foreclosure" stage makes up an investment opportunity. A pre-foreclosure takes place from the instance the bank gives notice of default (NOD) to the time the house is sold at a foreclosure auction.
Depending upon state law governance real estate, the time period typically is 90 days into mortgage loan default. Within this default notice time window, the investor can take action. The main key to pre-foreclosure investing is equity - the difference between what a house will sell for and what is owed on the house. Pre-foreclosures offer an opportunity to purchase a house for less than fair market value (FMV), producing quick equity...
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Your Kansas Pre-foreclosure Resource site.
Finding Quality Pre-foreclosure Listings
Using the internet, a number of web sites allow searches by state, county, city, and zipcode. Pre-foreclosure listings are public information and generally available at the local recorder's office. Finding pre-foreclosure properties can be done by visiting the local recorder's office and making photocopies, since listings are added on a daily basis, this can be daunting.
Since most pre-foreclosure listing sites offer a free trial period, take advantage to determine if the quality of data and services meet your needs. Although both will provide you with information on available house, the difference between the two is of significant importance.
| Trial? | Updated? | Rating | Link |
| 7 days | Daily/Weekly | ***** | RealtyStore.com |
| 1 Week | Weekly | **** | Bargin.com |
| 1 Week | Weekly | **** | RealtyTrac.com |
| 7 days | Weekly | *** | Foreclosurenet.net |
| 3 days | Monthly | *** | Foreclosure.com |
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Kansas Foreclosure Law
- Judicial Foreclosure Available: Yes
- Non-Judicial Foreclosure Available: No
- Primary Security Instruments: Mortgage
- Timeline: Typically 120 days
- Right of Redemption: Yes
- Deficiency Judgments Allowed: Yes