Attorneys

Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Mississippi?

Other Mississippi Foreclosure FAQs

• Q: Does Mississippi Law Allow for a Redemption Period After a Foreclosure?
  A: No, Mississippi law does not provide borrowers with a right of redemption following a foreclosure. More
• Q: Where and When do Foreclosure Sales Take Place in Mississippi?
  A: Typically, a property foreclosure sale in Mississippi occurs between the hours of 11 am and 4 pm at the courthouse. However, the time and location of the sale … More
• Q: What Public Notice Requirements are There for a Real Estate Foreclosure in Mississippi?
  A: If a mortgage agreement contains a power of sale clause then a Mississippi lender is required to provide the following types of public notice concerning an intended … More
• Q: How Can a Lender Foreclose on a Property in Mississippi?
  A: Some Mississippi mortgages contain a power of sale clause. Lenders who enter mortgage agreements with a power of sale clause can foreclose on a property by … More
• Q: How Long Does the Typical Foreclosure Process Take in Mississippi?
  A: Most Mississippi foreclosures occur outside of the judicial system. This allows a lender to foreclose on a property in as little as 2 months if the foreclosure … More
• Q: Can I Keep My Home If I File Bankruptcy in Mississippi?
  A: Mississippi law allows for a homestead exemption of $75,000 if the homeowner owns land and buildings and uses the building as his or her primary … More