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State Courts -
Kansas - June 16, 2006
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Fid. Bank v. King, No. 92,410,
SUPREME COURT OF KANSAS, June 16, 2006, Opinion Filed
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Overview: A junior lienholder, which held a second mortgage, failed to appear in the first mortgage holder's foreclosure action, and it thereby failed to preserve its lienholder status and thus its priority entitlement to surplus proceeds from the property's sheriff's sale. Thus, property owners' successor in interest was entitled to the surplus.
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