Mississippi Purchase Money Deed of Trust

• Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
• Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
• The seller has the right to take back the property if the buyer defaults in payment.
• At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.

Transfer ownership of a MS commercial real estate property from a seller to a buyer with this Mississippi Commercial Special Warranty Deed.

Transfer ownership of a MS real estate property from two sellers to two buyers with this Mississippi Warranty Deed for Joint Ownership.

• This is the type of Warranty Deed that is used to convey a property from one couple (spouses or partners) to another couple, who will live in the property.
• The buyers will own the property as joint tenants with rights of survivorship. That means when one joint tenant dies, the title will pass to the surviving joint tenant.
• The sellers (grantors) covenant to the buyers (grantees) that they have good and marketable title to the property, they have the legal right and power to transfer the title, and they will defend the grantees' right to possess the property.