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Learning Center | How to Buy Missouri Foreclosures

How to Buy Missouri Foreclosures
Overview
Basic Steps to Purchasing Preforeclosures
Basic Steps to Purchasing Property at an Auction Sale

Answers
 

Overview

In Missouri, the primary method ofdeed of trustforeclosure isnon-judicial. However, if thedeed of trust does not containpower of sale language, the lender may seekjudicial foreclosure.

As few as 60 days may pass from the time a property owner receives anotice of default until the property is sold at apublic foreclosure auction sale. Accordingly, don’t wait until the property becomesReal Estate Owned (REO) after the auction because the property will cost more than it would inpreforeclosure.


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