MS HB1200

Amends Section 89-1-55 to require that notices and advertisements for foreclosure sales of mortgaged or trust deed properties must disclose the names of any second or additional junior mortgagors, in addition to the original mortgagor(s).

Maintains existing requirements that foreclosure sales be advertised for three consecutive weeks in a newspaper published in the county where the land is located and by posting notice at the county courthouse.

Brings forward Section 13-3-31 establishing standards for newspapers qualified to publish legal notices, including requirements for circulation, subscriber lists, publishing frequency, and content composition.

Brings forward Section 13-3-185 stating that purchasers of property sold at execution sales take title free of all judgment and decree liens, regardless of whether the execution was based on an elder or junior judgment.

Brings forward Section 81-12-169 allowing associations to reinstate loans and secured savings accounts at any time before an actual foreclosure sale, restoring parties to their original legal position.