Kansas Statutes > Chapter 79 > Article 27 – Leasing of Real Estate Bid in At Foreclosure Sale by County
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Terms Used In Kansas Statutes > Chapter 79 > Article 27 - Leasing of Real Estate Bid in At Foreclosure Sale by County
- 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
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper. See Kansas Statutes 77-201