Attorneys

Missouri Foreclosure FAQs

• Q: Does Missouri Law Allow for a Redemption Period After a Foreclosure?
  A: Yes. The statutes which allow a right of redemption in Missouri are complicated. Typically, a borrower must post a bond within 20 days of the foreclosure sale … More
• Q: Where and When do Foreclosure Sales Take Place in Missouri?
  A: Missouri puts few limitations on the time and location of property foreclosure sales. The foreclosure sale must occur in the county where the property is located … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Missouri?
  A: A foreclosure of Missouri property occurs in one of two ways. First, if no power of sale is included in the loan agreement for the property then the lender must … More
• Q: Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Missouri?
  A: No, Missouri law does not generally provide a lender with the right to sue a borrower for a deficiency judgment even if the amount earned in the foreclosure sale is … More
• Q: How Can a Lender Foreclose on a Property in Missouri?
  A: The foreclosure process in Missouri depends on the terms of the mortgage agreement. If the mortgage agreement contains a power of sale clause then the lender can … More
• Q: How Long Does the Typical Foreclosure Process Take in Missouri?
  A: An uncomplicated foreclosure on a Missouri property takes about 60 – 90 days. If the borrower contests the foreclosure or files for bankruptcy then the … More
• Q: Can I Keep My Home If I File Bankruptcy in Missouri?
  A: Homeowners in Missouri are allowed to protect $15,000 of their home equity from unsecured creditors because of the state’s homestead exemption law. If a … More

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