Get the free Mississippi Closing Statement

Closing Settlement Statement Seller: Buyer: Seller: Buyer: Property Address: City: State: Mississippi Zip: Seller(s) Column 1a. Sales Price Buyer(s) Column 1b. Sales Price 2a. Down-payment 2b. Down-payment

How to fill out mississippi closing statement

How to fill out Mississippi closing statement:

1. Gather all necessary documentation related to the property and the transaction, including the purchase agreement, loan documents, title insurance policy, and any other relevant paperwork.
2. Review the closing statement form provided by the lender or closing agent. The form will typically require you to input information such as the purchase price, loan amount, prorated taxes and insurance, and any other applicable fees or expenses.
3. Carefully calculate and input all figures accurately. Double-check your calculations to ensure the closing statement reflects the most up-to-date and accurate information.
4. Ensure that all parties involved in the transaction, including the buyer, seller, and any additional parties such as real estate agents or attorneys, review and agree to the figures on the closing statement.
5. Sign and date the closing statement once all parties are satisfied with the accuracy of the information provided.
6. Keep a copy of the signed closing statement for your records.

Who needs Mississippi closing statement:

1. Buyers: Buyers need a closing statement to understand the breakdown of all expenses and fees associated with the purchase of the property. It allows them to review the amounts they need to pay and verify that everything is in order before completing the transaction.
2. Sellers: Sellers also require a closing statement to ensure that they receive the correct amount of proceeds from the sale. It outlines any outstanding debts that need to be paid off from the sales proceeds and provides a clear picture of the financial aspects of the transaction.
3. Lenders: Lenders use the closing statement to verify that all fees and expenses associated with the loan have been accounted for. It allows them to ensure that the loan amount is accurately documented and that the loan terms are correctly reflected, protecting their financial interests in the transaction.
4. Real Estate Agents: Real estate agents may also need a copy of the closing statement to reconcile their commission and ensure that they receive the correct amount based on the agreed-upon terms of the sale.
5. Attorneys: Attorneys representing either the buyer or the seller may require the closing statement to review and confirm that all financial aspects of the transaction have been accurately reflected. It helps them protect their client's interests and make sure all legal obligations have been met.

This Closing Statement is for a real estate transaction where the transaction is a cash sale or provides for owner financing. This settlement statement is verified and signed by both the seller and the buyer.

For pdfFiller’s FAQs

What is mississippi closing statement?

Mississippi closing statement is a document used to report the transfer of real estate and calculate the associated taxes and fees.

Who is required to file mississippi closing statement?

The parties involved in a real estate transaction, such as the buyer, seller, and their respective agents or attorneys, are typically required to file Mississippi closing statement.

How to fill out mississippi closing statement?

To fill out Mississippi closing statement, you will need to provide information about the property, buyer, seller, purchase price, closing costs, and any applicable taxes and fees. It is recommended to consult with a real estate professional or attorney for guidance on the specific details required.

What is the purpose of mississippi closing statement?

The purpose of Mississippi closing statement is to document the details of a real estate transaction, calculate the taxes and fees owed, and ensure that all parties involved comply with state regulations.

What information must be reported on mississippi closing statement?

The information reported on Mississippi closing statement typically includes the property details, buyer and seller information, purchase price, closing costs, prorated taxes, and any other fees or charges associated with the transaction.