{"id":16353,"date":"2017-03-24T00:55:05","date_gmt":"2017-03-24T07:55:05","guid":{"rendered":"http:\/\/www.thenorrisgroup.com\/?page_id=16353"},"modified":"2021-07-19T00:59:09","modified_gmt":"2021-07-19T07:59:09","slug":"missouri","status":"publish","type":"page","link":"https:\/\/www.thenorrisgroup.com\/free-resources\/foreclosure-laws\/missouri\/","title":{"rendered":"missouri"},"content":{"rendered":"\t\t
Supreme Court Building Type of Document:<\/strong>\u00a0Mortgage and Trust Deed<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Non judicial is used when the loan documents have the power of sale clause.<\/p> Judicial foreclosure is most commonly used when foreclosing on a loan document without a power of sale clause.<\/p> Deficiency:<\/strong>\u00a0No deficiency is permitted in a sale held outside of court.<\/p> Redemption:\u00a0<\/strong>No redemption available if a third party bought the property. If the lender ended up with the property, there is a one year right of redemption. There are some strict requirements to be met by the owner who wishes to redeem, including putting up a bond for all the payments for one year.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
207 W. High St.
P.O. Box 899
Jefferson City, MO 65102
Tel: (573) 751-3321
Fax: (573) 751-0774
www.ago.mo.gov<\/a><\/p>TYPES OF FORECLOSURE:<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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