Foreclosures

Jackson, Mississippi, Area Attorneys Handle Foreclosures

When lenders pursue all legal means of collecting payment on a home or other property loans but cannot secure the required payments, foreclosure on the property becomes necessary. The best way to ensure that a foreclosure is handled legally, and will have the desired outcome, is to contact an experienced real estate lawyer.

Foreclosures are subject to very specific legal requirements. To be legally binding, the party foreclosing on the loan must abide by all laws — many of which are not obvious to general businesspeople or laypeople. Often, the required procedures are directly dependent on the language in the mortgage or deed of trust.

Many Legal Requirements Apply to Foreclosures

It is more common than many people think for a foreclosure to be contested and set aside. In most cases, this happens because the lender or an inexperienced attorney has failed to follow all legal procedures, including:

• Notifying the Internal Revenue Service if federal tax liens are pending
• Running foreclosure publications and notices in the right newspapers
• Adhering to the required redemption and eviction notice periods before offering homes for sale

Details, Timeliness and Efficiency Make All the Difference

Our experience with a full range of real estate transactions and disputes is a major asset for our clients. We handle foreclosures with the attention to detail required to make them resistant to litigation. Our lawyers take the all-important step of performing a full title examination in order to identify any tax obligations or other interests in the property. Equally important, we work quickly and efficiently to prevent costly delays. If both parties are open to the possibility of refinancing, we can establish legal groundwork that may help this along.

Many lenders depend on Milner & Nixon, PLLC to ensure their foreclosures, eviction notices and other legal notifications are done quickly and meet all legal requirements. Contact us for legal counsel and services when foreclosure becomes necessary.