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Old 09-17-2009, 04:44 PM
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Recourse vs non-course states

What is the name of your state (only U.S. law)? Mississippi.

Is Mississippi a recourse or a non-recourse state regarding home forclosures? I currently live in Alabama, which I understand from a local attorney is a recourse state, and my property that is about to be forclosed is in Mississippi. Will my current status as a resident of Alabama have a legal impact on a foreclosure in Mississippi?
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Old 09-18-2009, 04:54 AM
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The rules apply to where the loan was made (most likely in the state where the property is). Yes, Mississippi is a recourse state.
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