If a summary judgement in a foreclosure is granted, can I still bring the foreclosed loan up to date?
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If a summary judgement in a foreclosure is granted, can I still bring the foreclosed loan up to date?
What legal recourse do I have? My 401K provider has attached difficult rules before granting a hardship withdraw. Am afraid I have to have summary judgement before they will consider releasing funds.
Asked on July 13, 2012 under Real Estate Law, Kansas
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
I believe that you are referring to a Right of Redemption, which is the right of a property owner to buy back the property from the purchaser once it has been foreclosed upon. Kansas has a right of redemption which I believe is 3 months, but I would double check with an attorney in your area who may be able to help negotiate something before the gavel falls, as they say. Good luck.
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