Real Estate Laws & Customs - Chicago Title

Page 27 REAL ESTATE LAWS & CUSTOMS BY STATE MISSISSIPPI Title Insurance Rates Not filed Form of Conveyance Warranty Deed; Quitclaim Deed (with underwriter approval) State Encumbrance Forms Deed of Trust Customary Closing Entity Attorney Commitment Issued? Duration? Yes. 6 months. When is Invoice Issued? With commitment Deed Transfer Tax? No Mortgage Tax? No Leasehold Tax? No CUSTOMARY FEE SPLITS Owner’s Policy Premium Buyer or Seller can pay; also negotiable Loan Policy Premium Buyer pays Title Search & Examination Seller pays Survey Charges Negotiable Deed Transfer Tax Not applicable Mortgage Tax Not applicable Closing Fees Divided equally Recording Fees Buyer pays