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Arkansas Foreclosure Law

HomeForeclosuresArkansas Foreclosure Law

The Arkansas Foreclosure laws give two options, judicial and non-judicial of foreclosure to lenders.

  • Before executing the foreclosure under either of the options, an appraisal of the property has to be carried out.
  • A foreclosure of a property bound by a Deed of Trust or Mortgage should be sold for a value not less than two thirds of its appraised value.
  • Under judicial foreclosure, the court releases a decree of the liability of the borrower to be repaid within a specific timeframe failing to which the court clerk as commissioner will advertise the property for sale.

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