Missouri · ForeclosureMissouri trustee's sale: 20 days' notice, the lender-purchase redemption, notice and bond

A Missouri deed of trust can be foreclosed by suit or, at the lender's option, by trustee's sale under the power of sale (RSMo 443.410). The sale is held in the county where the land lies, on at least 20 days' notice even if the deed of trust says less (RSMo 443.310). The notice gives the recording data of the deed of trust, the grantors, the time, terms and place of sale and the property description, and runs in a newspaper – in a daily paper at least 20 times up to the sale day, or in a weekly paper for four successive issues with the last no more than a week before the sale (RSMo 443.320). When the property is bought at the sale by the holder of the debt, or by someone for the holder, the grantor or the grantor's heirs, grantees or assigns can redeem within one year by paying the debt, interest, sums the purchaser paid on prior encumbrances, taxes and assessments, and the costs of the sale (RSMo 443.410). That right exists only if the person gave written notice of intent to redeem at the sale or within ten days before the advertised date, and within 20 days after the sale gave the circuit court a bond with at least one good surety covering interest, costs, taxes and damages for waste (RSMo 443.420). No power-of-sale foreclosure may begin once the debt is time-barred, nor 20 years after the last maturing obligation falls due unless an affidavit of the amount owed was filed (RSMo 516.150).