Wansley v. First Nat. Bank of Vicksburg

ON PETITION FOR REHEARING

I

First National Bank of Vicksburg has petitioned that we reconsider our April 5, 1989, decision holding invalid two foreclosure sales and setting aside deficiency judgments the Bank had obtained in the lower court. In our original opinion we held that the Bank's failure to appoint a disinterested trustee rendered the sales voidable. Upon rehearing we consider other stratagems deeply embedded in our law more likely effective in protecting mortgage debtors from overreaching at foreclosure. Beyond that, we respect the force of an intervening legislative enactment on the…