Legal Question in Real Estate Law in Missouri

They are probably wanted to do a deed in lieu, or some similar action. That is like when someone returns a car to a lender rather that have it repossessed. you woudl be siging the hosue back to the lender, so that they do not have to foreclaose.

They may be wanting to just buy your redemption rights. When someone's home is foreclosed upon, the law gives them several moths to pay off the debt and get their home back. Your lender may be trying to buy that right away from you. taht way when the hosue sells the buyer does nto have to wait to see if you re going to redeem the property.

If you cannot get current on yrou mortgage, or get into an assistance program, and you have no intention to try to get the reddem the property (usually because you can't come up with that much money), doing a deed in lieu or selling your redemption rights can be a way of coming away with some money to find replacement housing. Letting the bank basically buy the house back from you, may lessen the damge to your credit rating, as there would be no foreclosure listed.

Good luck