Chapter 581 — Rules Governing

581.01 Rules Governing This section says that mortgage foreclosure lawsuits follow the same rules as other civil lawsuits, except where this … 581.015 This section has been renumbered. The content that was here was moved to section 582.039. 581.02 Application, Certain Sections This section says that certain rules from the foreclosure by advertisement chapter (chapter 580) also apply to judicial … 581.03 Judgment, Transcript This section says the court will enter a judgment stating how much is owed, plus costs, and order the sheriff to sell … 581.04 Separate Tracts This section allows the court to order all mortgaged property sold as one parcel if that would be most beneficial to the … 581.05 Purchase by Mortgagee This section allows the mortgage holder (or anyone claiming under them) to bid on the property at the foreclosure sale. … 581.06 Surplus This section says that if the foreclosure sale brings in more money than what is owed on the mortgage plus costs, the … 581.07 Foreclosure for Installment; Dismissal, Stay This section covers foreclosures when only part of the mortgage is past due and more payments are coming later. The … 581.08 Report of Sale; Confirmation; Resale This section requires the sheriff to report the sale results to the court. The court then confirms the sale or, if … 581.09 Satisfaction of Judgment This section says that once a foreclosure sale is confirmed, the judgment is considered satisfied up to the amount the … 581.10 Redemption by Mortgagor, Creditor This section gives the homeowner the right to redeem (buy back) the property after a judicial foreclosure sale within … 581.11 Delivery of Possession This section says that if someone wrongfully stays on the property after the redemption period expires, the court can … 581.12 Strict Foreclosure This section allows the court to order a strict foreclosure, which means the mortgage holder gets the property without a … 582.039 Mediation Notice for Agricultural Property This section requires lenders to serve a mediation notice on borrowers before foreclosing on agricultural property. The …