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.
Structure Mississippi Code
Title 89 - Real and Personal Property
Chapter 1 - Land and Conveyances
§ 89-1-301. Preliminary injunction against foreclosure proceedings; application to dissolve
§ 89-1-303. Hearing; determination of carrying charge payments
§ 89-1-307. Reference to master, farm debt adjustment committee or similar agency
§ 89-1-309. Suspension of statute of limitations
§ 89-1-311. Application to levies and advertisements for sale
§ 89-1-313. Auxiliary jurisdiction of court
§ 89-1-315. Approval of compromise settlements or compositions of mortgage indebtedness
§ 89-1-317. Agreements as to interest or finance charges; right to prepay without penalty
§ 89-1-319. Suspension of inconsistent laws; application to renewed or extended mortgages
§ 89-1-321. Construction of terms