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Redemption and Deficiency Judgments in Missouri

Whether you can buy back your home after a foreclosure sale in Missouri, and whether the lender can sue for what's still owed.

Short answer: Limited. After a trustee's sale, the borrower (or heirs or assigns) can redeem within one year of the sale only if the property was bought by the lender (the holder of the debt) or someone buying for the lender. Mo. Rev. Stat. §§ 443.410, 443.420, 443.430, 443.440

Redemption after the saleLimited. After a trustee's sale, the borrower (or heirs or assigns) can redeem within one year of the sale only if the property was bought by the lender (the holder of the debt) or someone buying for the lender. To keep this right, the borrower must give written notice of intent to redeem at the sale or within 10 days before the advertised sale date, and must post a bond approved by the circuit court within 20 days after the sale. To redeem, the borrower must pay the debt, interest, taxes, prior liens paid by the buyer, and the costs of sale. If no bond is given, there is no statutory redemption.
Source: Mo. Rev. Stat. §§ 443.410, 443.420, 443.430, 443.440

More Missouri foreclosure & homeowner law

FAQ

Is there a right of redemption after foreclosure in Missouri?
Limited. After a trustee's sale, the borrower (or heirs or assigns) can redeem within one year of the sale only if the property was bought by the lender (the holder of the debt) or someone buying for the lender. To keep this right, the borrower must give written notice of intent to redeem at the sale or within 10 days before the advertised sale date, and must post a bond approved by the circuit court within 20 days after the sale. To redeem, the borrower must pay the debt, interest, taxes, prior liens paid by the buyer, and the costs of sale. If no bond is given, there is no statutory redemption.

General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.