Kansas Statutes > Chapter 79 > Article 24 – Redemption of Real Estate and Remission, Compromise or Respread of Real Estate Taxes
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Terms Used In Kansas Statutes > Chapter 79 > Article 24 - Redemption of Real Estate and Remission, Compromise or Respread of Real Estate Taxes
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201