Mississippi
Prepare the documents to back up a home loan or owner financing deal with these standardized Mississippi mortgage forms.
- The Mississippi Department of Banking and Consumer Finance (DBCF) is responsible for regulating all mortgage loan activities conducted in the state and ensuring that financial service providers comly with the S.A.F.E Mortgage Licensing Act of 2009.
- All licensing of loan originators and mortgage brokers is done through the National Mortgage Licensing System.
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Mississippi Contract for Deed
Sell a real estate property to a buyer over time under the terms of this Mississippi Contract for Deed.
- Under the terms of this Contract (also known as a land contract), the seller in essence becomes the mortgage lender by allowing the purchaser to pay off the purchase price over time.
- Once the purchaser has paid all of the remaining balance, plus interest, the seller will transfer ownership of the property to the purchaser.
- If the purchaser fails to make the payments, the seller has the right to take back the property and keep all of the money that the purchaser has paid, as liquidated damages.
- By using a Contract for Deed, a property owner can secure the outstanding balance owing under the contract.
- Available in MS Word format.
- Intended to be used only in the State of Mississippi.
$17.99
Mississippi Purchase Money Deed of Trust
Transfer title of a Mississippi real estate property from a seller to a trustee with this Mississippi Purchase Money Deed of Trust.
- A Deed of Trust is often used instead of a mortgage in the sale and purchase of real property.
- Title to the property is conveyed to the trustee instead of to the buyer. The title is then held as security to ensure the buyer's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
- If the buyer defaults in payment, the balance becomes due and payable and the trustee may sell the property.
- The buyer is responsible for paying all taxes, assessments, liens and other charges against the property.
- The lender has the right to appoint a successor trustee at any time, at its option.
- This legal form template is provided in MS Word format and is fully editable to meet your needs.
- Intended for use only in the State of Mississippi.
$17.99
