Missouri is primarily a:
Correct Answer
B) Deed of trust state that allows non-judicial foreclosure (power of sale), though judicial foreclosure is also available
Missouri primarily uses deeds of trust rather than mortgages. Deeds of trust include a power of sale clause that allows non-judicial foreclosure, which is faster and more common in Missouri. However, judicial foreclosure is also legally available. Missouri is considered a title theory state in that the trustee holds legal title until the debt is satisfied.
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