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Foreclosure Process In Arkansas (AR)
If you live or own a home in Arkansas and are facing foreclosure, please see below for the foreclosure process.
When you develop a definite plan of action with well-time, well-informed steps, you can stop the foreclosure process and save your home. We have outlined the foreclose process for the state of Arkansas.
Judicial Foreclosure Available: Yes Non-judicial Foreclosure Available: Yes Under Arkansas law, a residential real property mortgage held by a bank, savings, and loan or mortgage company may be foreclosed under a power of sale clause in the mortgage. Agricultural real property or construction loans operate by different rules. Power of Sale Foreclosure Preliminary Notice Contents of Notice The Notice of default and Intention to sell must name the deed of trust parties, give recordings information, describe the default and the amount due on the loan and state the trustee’s or lender’s intention to undertake a foreclosure sale. The notice must include in conspicuous type the following warning: "YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION." Advertising The notice of default and intention to sell must be published once a week for four consecutive weeks prior to the date of the sale in a ... more

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