17.4 Special Requirements for Certain "second Mortgage Loans"
| Library | Real Estate Practice Deskbook (2019 Ed.) |
C. (§17.4) Special Requirements for Certain "Second Mortgage Loans "
A special statutory scheme applies to a certain category of deeds of trust; therefore, some additional requirements beyond compliance with the applicable loan documents and common law must be met before the foreclosure can go forward. See §§ 408.231–408.241, 408.551, 408.554, and 408.555, RSMo 2016. Default by the mortgagor on a "second mortgage loan" within the meaning of the applicable statutes may be cured by tendering the current...
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