What is the PRIMARY method of foreclosure used in Mississippi?
Correct Answer
B) Non-judicial (power of sale) foreclosure
Mississippi primarily uses non-judicial foreclosure (power of sale), which is faster and does not require court involvement. The power of sale clause is typically included in the deed of trust. While judicial foreclosure is also legally available in Mississippi, it is rarely used. Importantly, there is no statutory right of redemption following a non-judicial foreclosure in Mississippi.
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