Where and When do Foreclosure Sales Take Place in Mississippi?
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 can be changed if proper notice is given in the published Notice of Sale. The date of the intended foreclosure sale must also be included in the Notice of Sale.
Other Mississippi Foreclosure FAQs
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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:
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:
Can a Lender Sue a Borrower for a Deficiency Judgment if the Lender is Still Owed Money After a Foreclosure Sale in Mississippi?
A: Yes, it is possible for a lender to sue a borrower for a deficiency judgment in Mississippi. The lender is entitled to sue for the difference between the amount … 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
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