Missouri Foreclosure LawFacts: Judicial Foreclosure Available: Yes Non-Judicial Foreclosure Available: Yes Primary Security Instruments: Deed of Trust or Mortgage Timeline: Approximately 60 Days Right of Redemption: Yes Deficiency Judgments Allowed: No Quick Summary: In Missouri, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
The foreclosure timeline in Missouri is typically 60 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.
Missouri borrowers have the right of redemption but are not allowed deficiency judgments. New Information on Missouri Foreclosure Laws and regulations: 1) Regulates and licenses Mortgage Loan Originators, and 2) requires mortgage loan brokers to disclose a fee agreement with the borrower. To view bill HB 382 / SB 360 click here For more information on Missouri Foreclosure laws and regulations visit http://www.ncsl.org/public/leglinks.cfm and click on your state. Or Contact: Missouri's Attorney General's Office How Can SaveMeFromForeclosure.com Help Stop Foreclosure on My Home? We can help you either Keep or Sell Your Home to Avoid Foreclosure. Fill out our quick questionnaire and your local SaveMeFromForeclosure.com representative will contact you about how we can help you stop foreclosure today. Want to talk to someone now? Contact us at 1-888-I-Save-80 (1-888-472-8380). |