MO HB2766

Co-owners of real property who fail to pay their pro rata share of delinquent property taxes or mortgage payments after a foreclosure or tax sale notice is published shall be divested of their ownership rights, title, and interests in the property

Ownership interests of the defaulting co-owner automatically transfer to the joint tenant, tenant in common, or co-owner who pays the delinquent amounts and prevents the foreclosure or tax sale

The paying party may file an action in circuit court to formally declare the defaulting party divested and to vest the defaulting party's rights, title, and interests in themselves

Adds new section 443.1000 to Chapter 443 of Missouri Revised Statutes