HomeBlogReasons to SellHow to Stop Foreclosure on a House in Wentzville, MO Share on Like what you see? Share with a friend. How to Stop Foreclosure on a House in Wentzville, MO Chris Kirshenboim | February 5, 2021 Last updated August 10, 2026 Missouri foreclosures run through a trustee rather than a courtroom, which means they move faster here than in most states. Once the notice of sale is published, the calendar is short. Five things stop foreclosure in practice. Reinstatement: pay the arrears plus fees and the loan continues as before. Loan modification: the servicer rewrites the terms, usually by folding the missed payments back into the balance. Forbearance: payments pause or shrink for a set period, which helps when the hardship is temporary. A short sale: the lender agrees to accept less than the balance. Or you sell before the sale date and pay the loan off from the proceeds, which is the only option that leaves you with whatever equity is left rather than handing it to the process. Call the servicer's loss mitigation department even if you have been avoiding their letters, and talk to a HUD-approved housing counselor, which costs nothing. Anyone who asks for a fee up front to stop a house foreclosure is not the help you want. If the honest answer is that the payment is not coming back, selling is not defeat. Chris and the team buy Wentzville houses as-is, rated 4.9 across 368 Google reviews, BBB A+ accredited, from an office in Webster Groves. See how we buy houses, or read what selling before foreclosure actually involves, then decide with the numbers in front of you. Dealing with the threat of foreclosure can be extremely overwhelming. The thought of losing your property after putting so much of yourself into it can feel devastating, and that's not to mention the ugly marks it will leave on your credit. Nobody wants to deal with foreclosure, but luckily there are some things you can do to avoid it. So as seasoned homebuyers in Missouri, we will help you learn how to stop foreclosure of your house in Wentzville, MO. Call Your Bank In Wentzville, MO When it comes down to it, most lenders would rather work with you to get back on track then put the property into foreclosure. While the process isn't fun for you, it isn't fun for them either. It is costly and time-consuming, and in many cases, leaving the lender with a loss. They will do what they need to, to recoup their costs, including working with you to find a solution. When you first realize you are going to have trouble with the mortgage payment, reach out to your bank. If you are behind on your payments, you will likely be able to work out a repayment plan. If you think that paying your mortgage is going to be difficult going forward due to new circumstances in your life, you may want to stall the foreclosure and sell the home in Wentzville, MO while you still can. Sell Your MO House A fast sale of your property can help you to quickly pay off your mortgage, without any negative marks on your credit. Listing your home in Wentzville, MO doesn't necessarily guarantee your house will be sold quickly. Selling in this manner can take months, allowing the bank to foreclose on the property while it is listed. On the other hand, a direct sale to Chris Buys Homes in St. Louis will allow you to sell your home quickly and for a great price. Use A Short Sale In Wentzville Another way to sell your home fast in Wentzville, MO to avoid foreclosure is by using a short sale. A short sale occurs when your lender agrees to take a lower offer for the house, just to save them the time and money of reselling it themselves. To do this you must apply to your lender's short sale program and meet the necessary requirements. You'll need to run a BPO or Broker Price Option, to help you determine the fair market value for the property. Declare Bankruptcy In Missouri When you declare bankruptcy, the bank will be forced to stop any collection activity against you, including the foreclosure of your home. That said, you will still be responsible for your debts. The bankruptcy court will work with you to set up a plan of repayment. Declaring bankruptcy in Wentzville, MO doesn't look very good when trying to borrow money in the future, so make sure it is the right choice for you before signing any paperwork. Sell My House In Wentzville, MO No owner wants to have their property taken out from under them. If you are behind on your mortgage, don't fret. There are ways to avoid foreclosure and sell your house in St. Louis before the bank begins the foreclosure proceedings against the property. Yes! You really can stop foreclosure of your property. Just sell it directly to local Missouri home buyers such as Chris Buys Homes in St. Louis. Working with our team will let you choose the closing date that works best for you so that you can sell the property outright before the bank comes knocking. Our process is fast, convenient, and always fair! Facing Foreclosure Of Your House In Wentzville, MO? Send Us A Message Or Call Us Today To Find Out More! (314) 334-1481 FAQs Frequently Asked Questions How long does the foreclosure process take in Missouri? + Faster than most states, because the sale runs through a trustee rather than the courts. Once the notice of sale publishes, the trustee sale can follow within weeks, so the earlier you act the more choices you keep. Can I sell my Wentzville house after the foreclosure has started? + Yes, up until the trustee sale takes place. The payoff comes out of closing and anything above the balance and fees is yours, which is the main reason selling beats letting the sale happen. Does a loan modification stop the sale date? + Applying does not automatically stop it. Ask the servicer in writing whether your file qualifies for a postponement while the review is pending, and keep a record of every call and reference number. What happens to my credit after a foreclosure in Missouri? + It stays on your report for seven years and weighs heavily on future lending. A sale that pays the loan in full, or an approved short sale, generally does less long-term damage than a completed foreclosure.
