Property Ownership
If a Mississippi property owner dies with no heirs and no will, the property:
AIs sold at public auction and proceeds go to creditors
BEscheats (reverts) to the state of Mississippi✓ Correct
CIs transferred to the nearest neighbor
DRemains in the estate indefinitely
Explanation
Escheat is the reversion of property to the state when there are no heirs and no will. Mississippi's escheat laws prevent property from having no owner by providing that the state takes title when no other claimant exists.
Related Mississippi Property Ownership Questions
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