Mississippi Foreclosures - 9,848 Foreclosure Listings

Foreclosure Homes in Mississippi

There are currently foreclosed homes listed in Mississippi. Why should you consider buying a foreclosure property in Mississippi? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Mississippi when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Mississippi, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Mississippi that you want to look for a property below. Then search through all distressed real estate listings in Mississippi for the amazing deal that’s right for you.

Mississippi Foreclosure Laws

Mississippi primarily uses a nonjudicial foreclosure process under a power-of-sale clause. Loans are commonly secured by deeds of trust. Because court approval is not usually required, the process can be fairly quick. Redemption rights are generally limited, and deficiency balances may still be collected after the sale.

Foreclosure Type Process

Non-Judicial
Mortgage Instrument Security Type

Deed of Trust (primary). Mortgages exist but are less common.
Typical Timeline Duration

1-2 months typical
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

No post-sale redemption for most nonjudicial sales.
Process Summary

Mississippi foreclosures are usually nonjudicial. The lender conducts a power-of-sale auction after providing notice and publication.
Notice / Timing Statute

Mississippi Code § 89-1-55 et seq. (power of sale foreclosure)
Redemption Statute(s)

Mississippi Code § 89-1-59 (no statutory post-sale redemption)
Deficiency Statute(s)

Mississippi Code § 89-1-59 (deficiency allowed after foreclosure)

How to Buy a Foreclosure in Mississippi

Begin by reviewing county chancery clerk foreclosure notices, MLS, and legal publications in Mississippi. Mississippi uses non-judicial foreclosure; check notice and redemption provisions. Have your financing set before bidding. Conduct title and condition research. Attend the foreclosure sale and follow procedures to obtain the deed.

What type of foreclosure is used in Mississippi?

The type of foreclosure in Mississippi is Non-Judicial

Is there a redemption period in Mississippi?

No post-sale redemption for most nonjudicial sales.

Are deficiency judgments allowed in Mississippi?

Deficiency judgments permitted in Mississippi

How do you buy a foreclosure in Mississippi?

Begin by reviewing county chancery clerk foreclosure notices, MLS, and legal publications in Mississippi.