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Foreclosure Survival Guide
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Foreclosure Survival Guide (1st Edition)
| Topic | State Rule |
|---|---|
| Common type of foreclosure process | Nonjudicial: under power of sale in deed of trust |
| Time to respond | Foreclosing party must send, by registered and certified mail, 20-day notice to homeowner. |
| Reinstatement of loan before sale | No |
| Redemption after sale | Available up to a year after sale, if homeowner gives foreclosing party a notice of intent to redeem 10 days before sale and the lender buys the property at foreclosure sale |
| Special protections for foreclosures involving high-cost mortgages | None |
| Special state protections for service members | Mo. Ann. Stat. § 41.944 |
| Deficiency judgments | May be obtained in a separate lawsuit, whether or not sales price is the property's fair market value |
| Cash exempted in bankruptcy | $600 for one person, $1,250 for a married couple |
| Notice to leave after house is sold | Former owner must get one month's written notice to vacate premises. Mo. Rev. Stat. § 441.060 |
| Foreclosure statutes | Mo. Rev. Stat. §§ 443.290 to 443.453 |