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Missouri Foreclosure Law

HomeForeclosure MissouriMissouri Foreclosure Law

Lenders in Missouri can seek remedy against defaulting borrowers through judicial foreclosure or non-judicial foreclosure.

  • The Deed of trust and Mortgage is considered to be the primary security instruments required to carry out the foreclosure process.
  • The judicial foreclosure process will commence with the filing of a lawsuit for the court to peruse the default made by the borrower.
  • Under non-judicial foreclosure, the Deed of trust with a power of sale will be executed by the lender according to the terms laid down in the Deed.
  • A borrower has the right of redemption to be achieved within one year.

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Few tips that could help you making your foreclosure.

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