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Real Estate and Closings


Real Estate Closings

There are many legal documents involved when it comes to closing on the purchase of any real estate. Closing is the process where all monies are accounted for and the title is officially transferred to the new owner. During the closing, all documents are signed and all other terms of the contract are met.


From simple tasks, such as paying the real estate agent's commission, or dealing with more complex issues, such as a lien against the property, Cruse Law Firm, PLLC is here to guide you through the entire closing process.


Abstract of Title

An abstract of title summarizes all the deeds and documents that are related to piece of property. It proves that the seller has the right to transfer ownership of the property and outlines any changes that remain on the property as well. One abstract is required per each parcel of land and a search is required for each parcel.


Cruse Law Firm, PLLC charges $300 per search. In some instances, your land may be part of multiple sections, so a search is required for each section.


Title Insurance

Title insurance is essential for the protection of your ownership of your property. In some cases, even with a thorough title search, there can be issues with the title that can give other people legal claim to your property. This can cost you money and possibly even your home itself. With title insurance, you'll have the security that even if there are defects with the title, you won't have to suffer because of them.


There are two types of title insurance: a lender's policy and an owner's policy. The lender's policy covers the amount of your mortgage until you're able to pay it all off. This policy does not, however, protect you from title errors. An owner's policy gives you the peace of mind that you will be able to maintain ownership of your property.


Title insurance rates depend on the price of your property and the terms of the policy.


Our Real Estate Services

In addition to closings, Cruse Law Firm, PLLC offers a number of other real estate law services, such as:

  • Commercial loan closings

  • Loan refinances

  • Private purchase contracts

  • Protective covenants

  • Residential and commercial leases

  • Sales contracts

  • Timber sales

  • Title certifications/opinions

  • Title searches

  • Zoning matters

  • Our firm is also a member of the Mississippi Bar Association's real estate division, while our own Bill Cruse is an official Mississippi Land Attorney.

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