Federal Land Bank of St. Louis v. Walker

Defendants borrowed money from the Federal Land Bank of St. Louis and defaulted on the loan. Plaintiff, the Federal Land Bank of St. Louis, sued to foreclose on the mortgage securing the debt and petitioned to be placed in possession. The circuit court granted the petition. Defendants appealed. We affirm.

The sole issue on appeal is whether the circuit court erred in placing plaintiff in possession of defendants’ land. To be placed in possession, the petitioner must show a reasonable likelihood of success on the merits, which ordinarily is established by showing a default. Brown County State…