State AG To Missouri Homeowners In Foreclosure: Seek Competent Counsel & Make Loan Servicer Produce The Proper Paperwork
- Missouri law generally allows foreclosures to take place very quickly, relative to other states [Missouri is a non-judicial foreclosure state - no court action is needed to foreclose on a home]. It is important for homeowners to understand their rights concerning foreclosures and to recognize the need for legal representation at the earliest possible time.
- In some instances, foreclosures may be stopped because lenders have failed to comply with legal requirements. Doing so will require the assistance of competent counsel. Below are some important questions and answers to help consumers understand foreclosures in Missouri.
For more, see The Mortgage Foreclosure Crisis: What You Need To Know.
Go here for more from the Missouri AG:
- Important Definitions,
- Frequently Asked Questions,
- 7 Important Loan Documents for Consumers,
- How to Obtain Loan Documents from Your Loan Servicers (form letter to make a "Qualified Written Request" under the Federal law, Real Estate Settlement Procedures Act - "RESPA" - go here for borrower's rights and the responsibilities of the mortgage servicer under the Federal law).
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