Can I still make payments on my loan after a foreclosure sale?

In Mississippi, the answer to the question of whether you can make payments on your loan after a foreclosure sale is typically no. This is because, in most cases, once a foreclosure sale has been completed, the lender has taken possession of the property and is no longer obligated to accept payments from the borrower. However, there are some scenarios where it may be possible to still make payments on your loan after a foreclosure sale in Mississippi. For example, if the foreclosure sale was done through the court, then the court may order the borrower to make payments to the lender until the loan is paid off. In some cases, the court may also order the lender to accept payments from the borrower. It is important to note, however, that if the lender does accept payments after a foreclosure sale, the terms of the payments will likely change drastically. This could mean that the borrower must pay a higher interest rate or larger monthly payments. It is important to read the terms of the original loan in order to understand the new terms of the loan. The best way to answer the question of whether you can make payments on your loan after a foreclosure sale in Mississippi is to consult with a qualified attorney or legal advisor. They will be able to advise you on the specifics of your situation and whether you still have any rights to make payments on your loan.

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Can I still make payments on my loan after a foreclosure sale?

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