Mississippi Sample Letter for Incorrect Documents Concerning Foreclosure proceedings

State:
Multi-State
Control #:
US-0790LTR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

How to fill out Sample Letter For Incorrect Documents Concerning Foreclosure Proceedings?

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FAQ

5 Steps to buying a foreclosure Find an agent specializing in foreclosures. Get a preapproval letter. Look at ?comps? before making an offer. Bid higher if other foreclosures are selling fast. Be prepared to buy a foreclosure in ?as-is? condition.

No Redemption Period After a Nonjudicial Foreclosure in Mississippi. Some states have a law that gives a foreclosed homeowner time after the foreclosure sale to redeem the property. In Mississippi, however, you don't get a post-sale redemption period after a foreclosure.

Judicial: In Mississippi, the lenders can file in court for a judicial foreclosure proceeding, where the court must issue a final judgment of foreclosure. The property is then sold as part of a publicly noticed sale by the sheriff.

On the contrary, Mississippi laws do not give the right of redemption after the foreclosure. The borrower may have the right to stop the non-judicial foreclosure when you ?reinstate? the loan, as long as the total overdue amount (including interest and fees) will be paid off.

Mississippi law, however, doesn't provide a post-sale redemption period after a nonjudicial foreclosure.

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Mississippi Sample Letter for Incorrect Documents Concerning Foreclosure proceedings