Mississippi Foreclosures - 10,892 Foreclosure Listings

Foreclosure Homes in Mississippi

There are currently 10,892 foreclosure homes listed in Mississippi. Buying a distressed property in Mississippi can save you as much as 50 percent compared to a traditional sale. Along with bank-owned foreclosures, you can browse rent-to-own homes, short sales, preforeclosures, bankruptcies and government-owned listings such as HUD, Fannie Mae and Freddie Mac. Pick a city or county below to see every distressed listing in Mississippi.

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: Non-Judicial
Typical timeline: 1-2 months typical
Deficiency judgment: Deficiency judgments permitted
Redemption period: No post-sale redemption for most nonjudicial sales.

Process and statute references

Mortgage Instrument Security Type

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