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MISSOURI FORECLOSURE HELP
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Missouri Foreclosure Statute Laws
In Missouri, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.
Judicial Foreclosure:
Non-Judicial Foreclosure:
Power of Sale Foreclosure Guidelines:
- A notice of sale must be mailed the borrower, at his last known address, at least twenty (20) days prior to the scheduled day of sale.
- The notice of sale must also be published in a newspaper within the county.
- The sale is conducted by the trustee at public auction for cash to the highest bidder. Anyone may bid, including the lender.
- If the lender is the winning bidder, the borrower has one year (12 months) to redeem the property.
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