Federal Land Bank of Wichita v. Read

The opinion of the court was delivered by

Miller, J.:

This is an appeal by the landowners, defendants Kenneth D. Read and Deborah A. Read, from a judgment of foreclosure entered against them by the District Court of Franklin County in favor of the mortgagee, plaintiff the Federal Land Bank of Wichita. The only issues are whether the Federal Land Bank was required to grant to the mortgagors an administrative hearing, and to follow a policy of forbearance, before commencing foreclosure proceedings.

The Federal Land Bank of Wichita made a loan of some $760,000 to the Reads on March 5,1979. The loan…