A Equitable Redemption
| Library | Foreclosures Guidebook (2017 Ed.) |
A. Equitable Redemption
As can be seen in Chapter 10 of this Guidebook, the statutory redemption scheme in Missouri is of very limited applicability. On the other hand, equitable redemption is a remedy potentially available after any foreclosure. It has been held that statutory redemption does not destroy the common-law right of redemption. Jackson v. Klein, 320 S.W.2d 553 (Mo. 1959). Equitable redemption is a typical equity action in which the mortgagor seeks relief in a court of equity because of fraud...
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