| Judicial | Yes | |
| Non Judicial | Yes | |
| Primary Security | Deed of Trust, Mortgage | |
| Timeline | 60 Days | |
| Redemption | Yes | |
| Notice | Petition | |
| Deficiency Judgment | No |
Missouri Foreclosure Process and Procedure
If you default on your mortgage, your lender can institute foreclosure proceedings against you and auction your property at a foreclosure sale.
Foreclosure in Missouri is conducted by non-judicial foreclosure. Judicial foreclosures are conducted when there is no power of sale clause contained in the deed of trust.
Notice Requirements for Foreclosure in Missouri
A notice of foreclosure sale must be published at lease twenty times through the sale date for property located in a city with 50,000 inhabitants or more. For a geographic area less than 50,000 inhabitants, the notice must be published at least four successive weeks, the last publication no more than a week from the sale date.
Within 20 days before the sale, the trustee mail the notice to the borrower and interested parties by registered or certified mail. The notice must include the sale date, time and place, terms and property address.
Missouri Deficiency and Anti-Deficiency Laws
No deficiency judgment may be obtained.
Missouri Redemption Rights
Missouri has a one year right of redemption for property foreclosed by judicial foreclosure. The borrower must provide notice within 20 days after the sale of their intent to redeem and post a bond for the fees and costs.
There is an onerous post-sale statutory redemption for property foreclosed by non-judicial process allowing the borrower to pay all sums including fees and costs.
Missouri Assistance, Special Programs, Government Help, and Law Updates
Foreclosure Programs:
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Missouri Foreclosure Avoidance Counseling -HUD
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The Home Affordable Mortgage Modification Program
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The Home Affordable Refinance Program
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The Home Affordable Foreclosure Alternatives Program
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FHA Secure
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Hope for Homeowners
Foreclosure Lawyer
It is recommended that you consult with a foreclosure lawyer who can advise you about options to avoid foreclosure including refinancing, reinstatement, deed in lieu, mortgage modification, short sale or bankruptcy.
