Learning Center | How to Buy Mississippi Foreclosures

How to Buy Mississippi Foreclosures
Basic Steps to Purchasing Preforeclosures
Basic Steps to Purchasing Property at an Auction Sale



In Mississippi, the primary method ofdeed of trustforeclosure isnon-judicial. However, if thedeed of trust does not containpower of sale language, the lender may seekjudicial foreclosure.

As few as 60 days may pass from the time a property owner receives anotice of default until the property is sold at apublic foreclosure auction sale. Accordingly, don’t wait until the property becomesReal Estate Owned (REO) after the auction because the property will cost more than it would inpreforeclosure.


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