Dewitt County Full Release of Memorandum of an Installment Sales Contract Form (Illinois)

All Dewitt County specific forms and documents listed below are included in your immediate download package:

Full Release of Memorandum of an Installment Sales Contract Form

Dewitt County Full Release of Memorandum of an Installment Sales Contract Form

Fill in the blank Full Release of Memorandum of an Installment Sales Contract form formatted to comply with all Illinois recording and content requirements.
Included Dewitt County compliant document last validated/updated 9/13/2024

Full Release of Memorandum of an Installment Sales Contract Guide

Dewitt County Full Release of Memorandum of an Installment Sales Contract Guide

Line by line guide explaining every blank on the Full Release of Memorandum of an Installment Sales Contract form.
Included Dewitt County compliant document last validated/updated 9/13/2024

Completed Example of the Full Release of Memorandum of an Installment Sales Contract Document

Dewitt County Completed Example of the Full Release of Memorandum of an Installment Sales Contract Document

Example of a properly completed Illinois Full Release of Memorandum of an Installment Sales Contract document for reference.
Included Dewitt County compliant document last validated/updated 10/9/2024

When using these Full Release of Memorandum of an Installment Sales Contract forms, the subject real estate must be physically located in Dewitt County. The executed documents should then be recorded in the following office:

County Clerk / Recorder

201 W Washington St, Rm 109 / PO Box 439, Clinton, Illinois 61727

Hours: 8:30 to 4:30 Monday through Friday

Phone: (217) 935-7780

Local jurisdictions located in Dewitt County include:

  • Clinton
  • Dewitt
  • Farmer City
  • Kenney
  • Lane
  • Wapella
  • Waynesville
  • Weldon

How long does it take to get my forms?

Forms are available immediately after submitting payment.

How do I get my forms, are they emailed?

Immediately after you submit payment, the Dewitt County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.

What does "validated/updated" mean?

This indicates the most recent date when at least one of the following occurred:

  • Updated: The document was updated or changed to remain compliant.
  • Validated: The document was examined by an attorney or staff, or it was successfully recorded in Dewitt County using our eRecording service.
Are these forms guaranteed to be recordable in Dewitt County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Dewitt County including margin requirements, content requirements, font and font size requirements.

Can the Full Release of Memorandum of an Installment Sales Contract forms be re-used?

Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Dewitt County that you need to transfer you would only need to order our forms once for all of your properties in Dewitt County.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Illinois or Dewitt County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.

What type of files are the forms?

All of our Dewitt County Full Release of Memorandum of an Installment Sales Contract forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.

Do I need any special software to use these forms?

You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.

Do I have to enter all of my property information online?

No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.

Can I save the completed form, email it to someone?

Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.

Are there any recurring fees involved?

No. Nothing to cancel, no memberships, no recurring fees.

(A memorandum of the contract shall be titled "Memorandum of an Installment Sales Contract" )(765 ILCS 67/20)

Releasing a Memorandum of Installment Payment Contract in Illinois is important for several reasons, primarily related to clearing the title and confirming that the contractual obligations have been fulfilled. Here's why you might need to release a memorandum:

1. Clear the Property's Title
A Memorandum of Installment Payment Contract is typically filed to provide public notice that a contract exists between a buyer and a seller for the purchase of real estate under an installment payment agreement. This filing creates a cloud on the title, which means that anyone looking at the property records will see that there is an outstanding contract involving the property.
When the buyer finishes making all payments under the installment contract or the contract is otherwise terminated, a release must be filed to remove the cloud from the title. Without the release, it can create complications for future sales, refinances, or transfers of the property.

2. Confirm the Satisfaction or Termination of the Contract The release acts as a formal acknowledgment that the buyer has either:
Fulfilled their payment obligations and now owns the property outright, or
The contract has been canceled or terminated for other reasons (such as the buyer defaulting or both parties mutually agreeing to terminate).
Recording the release ensures that there is no misunderstanding or dispute regarding the status of the contract.

3. Enable the Buyer to Obtain Full Ownership
Under an installment payment contract, the seller retains the legal title to the property until the contract is fully paid off. Once the buyer completes their payments, they are entitled to full legal ownership.
Filing a release of the memorandum makes it clear in the public record that the installment contract has been completed, and the buyer can take full legal title to the property without any remaining encumbrances from the contract.

4. Facilitate Future Transactions
If the memorandum is not released, future buyers, lenders, or title companies will see the memorandum on the property’s title. This may make it difficult or impossible for the buyer to sell or refinance the property because it looks like there is still an outstanding installment contract.
A release ensures that the property is free from claims under the installment contract, making it easier for the buyer to proceed with any future real estate transactions.

5. Protect Both Parties
For the seller, recording the release ensures they have formally concluded their legal obligations under the contract.
For the buyer, it ensures that they have clear title to the property and there are no ongoing claims or obligations under the installment contract.

Legal and Procedural Considerations:
Once the contract is fulfilled or terminated, both the buyer and seller should sign a Release of Memorandum of Installment Contract and file it with the county recorder’s office where the original memorandum was recorded. This officially clears the property’s title.

In Illinois, failing to release a memorandum after the contract has been satisfied can cause legal and financial complications for both parties.

Our Promise

The documents you receive here will meet, or exceed, the Dewitt County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.

Save Time and Money

Get your Dewitt County Full Release of Memorandum of an Installment Sales Contract form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties and local jurisdictions.

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August 26th, 2021

This was so easy to use. I appreciated the finished sample to guide me and the proper attachments necessary to process my Quit Claim Deed. I am gifting it to my nephew as I am too old to run farm and I live in a different state now. I tried other websites but their info was not up to date or accurate. Thank you so much. 71 Y/O Nana.

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March 16th, 2021

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October 14th, 2020

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August 13th, 2020

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March 24th, 2019

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August 7th, 2024

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Jose F.

May 19th, 2020

When I found this website, I was confused and hesitant to use this website to submit paperwork that needed to be submitted to the Clerks of Courts in Miami. I am glad I decided to go through with it. It was the easiest process I have encountered even with working with the City. Highly recommend as it is super easy to use and received that everything was approved and recorded in two working days. Thank you so much for bringing my stress level lower as many uncertainties of how to process my paperwork. Will use it again to finish my project as the City continues to not accept walk ins. Thank you so much.

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October 17th, 2023

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April 27th, 2019

very easy to use this site as I live out of state.

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Kim M.

January 5th, 2019

Purchased the Warranty Deed package for $19.95 which included all the forms I needed including instructions and a sample form. Seamless transaction filing with our local county clerk's office - she even commented it was one of the best prepared packages she has seen. Thanks for saving me a ton of money!

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