A bill that would allow mortgage trustees in Missouri to publish foreclosure notices on websites rather than newspapers picked up momentum yesterday afternoon when it received a favorable vote in the House Legislative Oversight Committee. The next step is the House floor.

SB 909 is widely believed to be an effort by trustees in this nonjudicial foreclosure state to profit off the notices they are required to publish before auctioning delinquent properties to the highest bidders. Two of the largest trustee law firms in Missouri have been the primary proponents of the legislation.