1. A copy of the RECORDED Deed of Trust
2. A copy of the Note
3. A copy of the RECORDED Assignments, if applicable
4. Breakdown of the Arrearages, i.e. date the delinquency started, monthly payments, monthly late charges, and any other costs that may have been paid, i.e. taxes, insurance, property inspections, etc.

The method of foreclosure is Trustee.

A trust deed may be foreclosed by private Trustee sale in Missouri. The foreclosure generally begins with the appointment of the law firm as Trustee. Based on a title report, all interested parties are notified of the foreclosure by mailing a Notice of Defaults, etc., which is also recorded. No posting is required in Missouri, but the requirements for publication differ based upon the size of the city in which the property is located. In some cases, publication is once a week for four consecutive weeks; in others, publication must be for 20 consecutive days leading up to the sale date.

Missouri has a one year redemption period after the sale. Liable parties or junior lienholders may redeem if they post a bond. Upon expiration of the redemption period, a Foreclosure Sale Deed is issued and recorded.

Foreclosure
General Time Frame 60 Days
Post – Sale Redemption 1 year subject to posting bond
Postponement Allowed ????
FNMA Fee $650
FHLMC Fee $500/$600 if done judicially
FHA Fee $700
VA Fees Adjusted Accordingly
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Important Notice
Kleinsmith & Associates, P.C. operates within Fannie Mae fee schedules and timelines and will provide the same coverage as a “FNMA Network Certified” law firm. Should any loss or damage occur as a result of a mistake by our firm during the foreclosure process, which we cannot rectify, Kleinsmith & Associates, P.C. will indemnify the servicer against any loss or damage.