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

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

Full Release of Memorandum of an Installment Sales Contract Form

Massac 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 Massac County compliant document last validated/updated 9/13/2024

Full Release of Memorandum of an Installment Sales Contract Guide

Massac 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 Massac County compliant document last validated/updated 9/13/2024

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

Massac 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 Massac 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 Massac County. The executed documents should then be recorded in the following office:

Massac County Clerk/Recorder

Courthouse - 1 Superman Sq #2D / PO Box 429, Metropolis, Illinois 62960

Hours: 8:00 to 4:00 M-F

Phone: (618) 524-5213

Local jurisdictions located in Massac County include:

  • Brookport
  • Joppa
  • Metropolis

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 Massac 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 Massac County using our eRecording service.
Are these forms guaranteed to be recordable in Massac County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Massac 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 Massac County that you need to transfer you would only need to order our forms once for all of your properties in Massac County.

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Illinois or Massac 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 Massac 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 Massac 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 Massac 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.

4.8 out of 5 - ( 4420 Reviews )

Jimmy W.

November 1st, 2024

Very thorough with plenty of instructions. Nice to be able to fill in the forms on my computer at my own pace and edit if needed. Jim

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

RUTH A.

October 25th, 2024

I am so very thankful for the service that you provide for the public, thank you very much.

Reply from Staff

We deeply appreciate the trust you have placed in our services. Thank you for your valuable feedback and for choosing us.

Nancy R.

October 25th, 2024

Deeds.com is very precise, helpful and friendly. I found the form I needed without any effort and everything worked perfect and smooth. I recommend it 100%. rnThank you.

Reply from Staff

We are delighted to have been of service. Thank you for the positive review!

Michael E.

December 2nd, 2020

First time user and my experience was just great! Great people to work with and would recommend to others!

Reply from Staff

Thank you!

LeRoy E.

June 20th, 2022

So thankful I found this. I was feeling stressed out and reluctant about doing this on my own.

Reply from Staff

Thank you!

FE P.

March 4th, 2023

Looked into a good number of DIY deeds on the internet. Very glad that I chose Deeds.com. They made it easy to make your own deed based on your state and the process based on the sample included was easy to follow. Also the cost was very reasonable. Great company.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Pamela W.

April 11th, 2019

Signing up was easy and the form was amazing. The ability to type on it (I am on a MAC) was beyond my expectations, the ability to save a blank, save my two documents, save the instructions and sample was excellent. The documents are in the mail and we are hopefully they will be approved. Blessings,

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

CHERYL G.

April 11th, 2022

After my county rejected a deed from another company, I researched better and purchased my Lady Bird Deed from Deeds.com. Very simple, received everything immediately. Printed out sample and guide sheets and filled out my deed. Very thorough and easy to understand. All the additional forms were awesome. And the best part is, my county recorded my deed this morning! WooHoo! Very happy customer! Thank you!

Reply from Staff

Glad to hear! Thanks for taking the time to leave your review. We appreciate you. Have a great day.

Tim H.

July 30th, 2019

Found the service useful and straightforward. The only recommendation would be to send an e-mail notification to the request or when their package is ready for download. Mine, apparently, was ready within and hour or so after placing the request but did not go back onto the site until a day later to find it was ready.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Ardith T.

May 18th, 2020

Very clear and complete. Good value.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Rosemary W.

February 27th, 2021

considering the current epidemic your fees save me time and parking fees. with help from DC recorder of deeds I was directed to the correct link to process my deed

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Roy M.

November 4th, 2021

Excellent service. Easy to use

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Luwana C.

April 2nd, 2019

I think the Website takes out a lot of leg work, Makes it easier to take care of paperwork 10 times faster.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Nancy O.

July 27th, 2023

Outstanding forms and service. Liked that the main deed forms were PDF so I could fill them out on my laptop, in my own time, instead of some online Q/A auto populate system. Guide was helpful, as was the completed sample. Used the erecording service to file the deed, amazing.

Reply from Staff

Thank you for your wonderful review Nancy! Our team takes pride in providing helpful resources, and we are pleased that the guide and completed sample were beneficial to you throughout the process. Making the deed filing journey smoother for our users is always our top priority.

Anitra C.

July 10th, 2021

This was so easy and the instructions were great.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!