Foreclosure in Missouri is typically:
Question & Answer
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Judicial only
Judicial foreclosure is not typical in Missouri. While it's possible through a mortgage, Missouri primarily uses deeds of trust with power of sale provisions, making the judicial process less common and not the 'typical' method.
Non-judicial through power of sale
Strict foreclosure
Strict foreclosure is extremely rare in the United States and is not permitted in Missouri. This process would allow the lender to take title without a sale, which is not a standard option in Missouri's foreclosure procedures.
Administrative
Administrative foreclosure is not a recognized foreclosure method in Missouri. This term typically refers to non-judicial processes that follow specific statutory procedures, which is already covered under the non-judicial power of sale category.
Why is this correct?
Missouri allows non-judicial foreclosure through power of sale provisions in deeds of trust. This means the foreclosure process can proceed without court supervision as long as the deed of trust includes a power of sale clause, which is standard practice in Missouri.
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