Loading chat...

MO HB267

Bill

Status

Introduced

1/23/2013

Primary Sponsor

Rochelle Walton Gray

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Co-owners, joint tenants, or others with undivided interests in property who fail to pay their pro rata share of delinquent real estate taxes or mortgage payments after foreclosure or tax sale notice is published shall lose their rights and interest in the property.

  • The share of a non-paying co-owner vests automatically in the co-owner(s) who pay the delinquent taxes or mortgage payments needed to cancel the foreclosure or tax sale notice.

  • The co-owner making the delinquent payments may file a circuit court action to formally declare the defaulting party divested and the paying party vested with the defaulting party's property rights, title, and interest.

Legislative Description

Changes the laws regarding delinquent real estate taxes or mortgage notes

Last Action

Referred: Financial Institutions(H)

5/17/2013

Committee Referrals

Financial Institutions5/17/2013

Full Bill Text

No bill text available