(888) 676-7128

Need Affordable Foreclosures Lawyer Near You?

Mississippi Foreclosure Law

HomeForeclosuresMississippi Foreclosure Law

The Mississippi courts allow lenders to seek foreclosure through judicial or non-judicial process. The State law does not provide right of redemption or deficiency judgments to borrowers.

  • The judicial foreclosure requires a lawsuit to be filed in court which will be enquired by court before the foreclosure is given to lender.
  • The non-judicial foreclosure is valid only in cases where the Deed of trust or mortgage does not have the power of sale clause. In such cases, the property will be auctioned off the highest bidder.
  • The power to sell the property can be transferred by the lender to his legal or heir or representative.

Important: The articles available on uslawyer.us are neither legal advice, nor a replacement for an attorney. The articles are general information and guidance concerning different legal issues. We make sure that these articles prove helpful to you but we do not promise or guarantee that they are suitable to your condition. We also do not take responsibility for any loss that might cause to you using these articles. Hence, it is strictly suggested to not to rely on the information provided in these articles completely without getting expert legal advice. It is also suggested to consult or hire an attorney in case of any doubt.