Legal Question in Real Estate Law in Missouri

Re: real estate

Generally, it means that unless you redeem the property, it soon will be titled in the name of someone else. This often happens where a bank forecloses a mortgage and then is the highest bidder at the sale. You can usually pay off the outstanding loan and keep the house. Otherwise, you may soon lose the right to remain in the property. If you are interested in keeping the property, I suggest you hire an attorney to assist you in the endeavor.

Good Luck