Approval of compromise settlements or compositions of mortgage indebtedness

  1. Law
  2. Mississippi Code
  3. Real and Personal Property
  4. Land and Conveyances
  5. From Inequitable Mortgage Foreclosures, Execution Sales and the Like After Declared Emergency or Disaster
  6. Approval of compromise settlements or compositions of mortgage indebtedness

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In case the parties to any such foreclosure action shall agree in writing upon terms of compromise settlement thereof, or of composition of the mortgage indebtedness, or both, the court shall have jurisdiction and may by its order confirm and approve such settlement or composition, or both, as the case may be.


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