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Foreclosure in Missouri is typically:

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Question & Answer

Review the question and all answer choices

A

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.

B

Non-judicial through power of sale

Correct Answer
C

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.

D

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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