Mississippi Contract for Deed Package

State:
Mississippi
Control #:
MS-P023-PKG
Format:
Word; 
Rich Text
Instant download

Description Seller Serves Disclosure

This package contains essential legal documents that are used for owner financing of real estate by using a Contract for Deed. The documents in this package are State Specific and include the following:


This package contains the following forms:


1.) A Contract for Deed;

2.) Assignment of Contract for Deed by Seller;

3.) Notice of Assignment of Contract for Deed;

4.) Seller's Disclosure of Financing Terms;

5.) Seller's Annual Accounting;

6.) Notice of Default for Past Due Payments;

7.) Final Notice of Default for Past Due Payments;

8.) Notice of Intent to Enforce Forfeiture Proceedings;

9.) Final Notice of Intent to Enforce Forfeiture Proceeding and Request to Vacate;

10.) General Notice of Default; and

11.) Seller's Disclosure of Forfeiture Rights



Purchase this package and save up to 70% over purchasing the forms separately!

Free preview Seller Contract Retains
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How to fill out P023 Deed Form?

Obtain a printable Mississippi Contract for Deed Package within several mouse clicks from the most comprehensive catalogue of legal e-documents. Find, download and print out professionally drafted and certified samples on the US Legal Forms website. US Legal Forms is the Top supplier of reasonably priced legal and tax templates for US citizens and residents online since 1997.

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Contract For Deed Package

Are you going to buy or sell property using a Contract for Deed? Simplify the process with US Legal Forms. Just answer a few questions to get a professionally drafted package of state-specific forms.

Contract Serves Form Form popularity

Contract Purchase Retains Other Form Names

Discounted Deed Purchase   Deed Contract Payment   Deed Contract Form   P023 Contract Form   Shoes Serves Nonpayment   P023 Contract Default   Forfeiture Contract Disclosure  

Seller Serves Nonpayment FAQ

1Purchase price.2Down payment.3Interest rate.4Number of monthly installments.5Responsibilities of the buyer and seller.6Legal remedies for the seller if the buyer does not make payments.

A land contract should spell out the purchase price, down payment, payment schedule, installment amount, interest rate, loan term and balloon payment amount, if applicable. Responsible party for home repairs. The buyer and seller agree upfront on who will make and pay for home repairs.

Land contracts are useful instruments for sellers who are selling a home and contemplating carrying the financing for a buyer. It gives sellers a built-in income and generally a better interest rate than rates offered on money market accounts or certificates of deposit.

The names of the parties, a description of the property, and the purchase price. The rights and obligations of the parties. The condition of the property, including what is and is not included in the sale. The amount of the earnest money deposit. The proposed closing date.

'Contract by deed' is a deed of formal legal evidence that is signed, witnessed and delivered to create a legal obligation and for 'Simple contract' is a contract that are not deeds. They are informal contract that can make in many ways such as orally, writing, and conduct.

A land contract is a real estate transaction in which a buyer finances a property by making installment payments to the seller. The buyer gains access to the home, but the seller maintains the legal title until the buyer pays off the loan.

Sign a Land Contract At a minimum, a land contract should list the address of the real estate and the full legal description of the property, the purchase price, down payment amount, the monthly payment amounts and term, number of payments to be made, and any balloon payment required.

Purchase price. Down payment. Interest rate. Number of monthly installments. Responsibilities of the buyer and seller. Legal remedies for the seller if the buyer does not make payments.

One of the biggest negatives that can occur with a land contract is when a buyer purchases a property on which the seller is still making mortgage payments.

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Mississippi Contract for Deed Package