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AREAS OF PRACTICE
 Auto / Car Accidents
Catastrophic Accidents
Medical Malpractice
Motorcycle Accidents
Nursing Home Injuries
Personal Injury
Product liability
Real Estate
Train Accidents
Trucking Accidents
Workers' Compensation
Wrongful Death
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The real estate claims and settlement
attorneys at the Eschmann & Pringle P.A.
are dedicated to serve their clients in Kansas, including the cities of Topeka, Lawrence, Eudora, DeSoto, Manhattan, Wamego, Junction City, Abilene, Salina, Emporia, Council Grove, Lyndon, Osage City, Ottawa, Paola, Burlingame, Burlington, Seneca, Sabetha, Marysville, Hiawatha, Holton, Lenexa, Olathe, Kansas City, Overland Park, Leawood, Merriam, Shawnee, Gardner, Atchison, Lansing and Leavenworth, and the communities that make up Shawnee, Douglas, Jefferson, Jackson, Wabaunsee, Pottawatomie, Geary, Riley, Dickinson, Saline, Morris, Lyon, Osage, Coffey, Franklin, Miami, Johnson, Wyandotte, Leavenworth, Brown, Nemaha, Marshall, Doniphan and Atchison counties.
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Real Estate l Frequently Asked Questions
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Mortgages and Foreclosure
There are a number of methods to finance a real estate transaction. The most common is a mortgage. This is a loan which transfers an interest in the land as collateral for repayment of the debt. The borrower typically pays the mortgage in installments that include both interest and principal payments. If the borrower fails to make payments, the mortgage’s owner can and will foreclose on the property. In a foreclosure, the lender declares that the entire debt is due immediately. If this is not repaid, the lender can sell the property to pay the remainder of the debt.
Foreclosure procedure depends on federal and state laws, the terms of the mortgage, and the existence of any other liens on the property. A limited amount of late payments are allowed in many states in order to avoid foreclosure, and most lenders also attempt to work extensively with borrowers in a variety of situations before going through with a foreclosure as a last resort to receive payment. If a foreclosure is threatened, a borrower should consult with an experienced real estate attorney to protect his or her interests and resolve the situation as soon as possible.
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DISCLAIMER: The information you obtain at our firm web site is not, nor is it intended to be, legal advice. It is recommended that you should consult an attorney for individual advice regarding your own situation.
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| If you would like to schedule a free initial consultation contact an Kansas real estate attorney, representing clients in DeSoto, Kansas at the Eschmann & Pringle P.A..
Give us a call at (800) 952-0566 or email us at info@echmannpringle.com. |
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