Mortgage foreclosure surplus
Miss. Code Ann. § 89-1-55 regulates power-of-sale foreclosure advertisement, while the deed of trust and Mississippi priority case law govern proceeds. Junior liens attach by priority and any residue belongs to the mortgagor; § 89-1-55 sets no surplus deadline. Seek trustee accounting and payment promptly, while any challenge or civil claim follows its own limitations rules. A mortgage sale generally ends the owner's equity of redemption, a separate property issue.
