Missouri Foreclosure Law

In Missouri foreclosure law permits both deeds of trust and mortgages.

Lenders primarily use deed of trust and foreclose by trustee sale. The foreclosure begins with publication. It can take up to 60 days to process the documents and the date of publication must be published for 10 days.

Reinstatement is not permitted unless provided for contractually by the terms of the mortgage or deed of trust.

The redemption period is one year. Redemption is only allowed if the primary lender is the successful bidder. The rights of redemption are severely restricted in Missouri.

A deficiency judgment is allowed.

You may also want to consider checking out a LegalMatch attorney. Their attorney’s are prescreened and the initial consultation is free and confidential. For further information about foreclosure read The Foreclosure Survival Guide: Keep Your House or Walk Away With Money in Your Pocket