Missouri Foreclosure Law

Timeline: 60 days

Redemption: Possibly one year after sale

Deficiency Judgments: No

Judicial Foreclosure: Yes

Non-Judicial Foreclosure: Yes

Security Instruments: Deed of Trust, Mortgage

Free Foreclosure Evaluation and E-book   *Valid information is required for ebook and evaluation Name   State AL   AK   AZ   AR   CA   CO   CT   DE   DC   FL   GA   HI   ID   IL   IN   IA   KS   KY   LA   ME   MD   MA   MI   MN   MS   MO   MT   NE   NV   NH   NJ   NM   NY   NC   ND   OH   OK   OR   PA   RI   SC   SD   TN   TX   UT   VT   VA   WA   WV   WI   WY   Email Zip Code Phone Number ( ) - Second Number ( ) - How many payments have you missed? 0   1   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   24+   Do you also want to speak with an attorney about bankruptcy to stop foreclosure? Yes   No      Are you within 14 days of a sale, or has your home already been sold? Yes   No     Briefly explain your situation Please Choose I need help to save my home   I need help with a short sale   I need a loan modification   I need help with a short sale   I am considering bankruptcy   I need help to negotiate my arrears   I need to refinance   I'm not sure what I need, please help!

In Missouri , the lender may pursue either a Judicial or Non-Judicial Foreclosure process. The Judicial Foreclosure process is used when the loan documents do not contain a “power of sale” clause. The lender must sue the borrower in court to obtain an order to foreclose. If the loan documents contain a “power of sale” clause, the lender can use the Non-Judicial Foreclosure process. This clause authorizes the lender to sell the property in the event the borrower defaults. If the clause specifies the time, place, and terms of the sale, then those procedures must be adhered to.

The sales process in Missouri requires the lender to mail to the last known address of the borrower a copy of the notice of sale at least twenty (20) days before the scheduled sale date. The notice must also be published in a local newspaper of general circulation for four (4) consecutive weeks. It must be once a week on the same day per week as the last publication.

The lender's trustee or representative conducts the sale as a public auction. Anyone may bid on the property, including the lender.

If the lender is the high bidder at auction, the borrower has a one year right to redeem the property. If anyone else is the high bidder, the borrower has no redemption period in Missouri .

The lender does not have the right to sue the borrower for a deficiency judgment.