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

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

Full Release of Memorandum of an Installment Sales Contract Form

Saint Clair 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 Saint Clair County compliant document last validated/updated 9/13/2024

Full Release of Memorandum of an Installment Sales Contract Guide

Saint Clair 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 Saint Clair County compliant document last validated/updated 9/13/2024

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

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

St. Clair County Recorder of Deeds

10 Public Sq, 5th floor / P.O. Box 543, Bellville, Illinois 62222

Hours: 8:30 to 5:00 M-F RECORDING DAY ENDS AT 3:00 PM ALL DOCUMENTS RECEIVED AFTER 3:00 WILL BE DATED FOR THE FOLLOWING BUSINESS DAY

Phone: (618) 277-6600

Local jurisdictions located in Saint Clair County include:

  • Belleville
  • Caseyville
  • Dupo
  • East Carondelet
  • East Saint Louis
  • Fairview Heights
  • Freeburg
  • Lebanon
  • Lenzburg
  • Lovejoy
  • Marissa
  • Mascoutah
  • Millstadt
  • National Stock Yards
  • New Athens
  • O Fallon
  • Saint Libory
  • Scott Air Force Base
  • Smithton
  • Summerfield

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

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

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Illinois or Saint Clair 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 Saint Clair 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 Saint Clair 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 Saint Clair 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!

Douglas C.

July 24th, 2020

Even for a novice like me, this site was easy to use, with very clear & simple options and instructions. I wish every web site was as good!

Reply from Staff

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

Vickie W.

October 13th, 2022

Very easy to download and appreciated the other information and affidavits.

Reply from Staff

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

Jeffery H.

October 18th, 2023

Very easy to use. Thanks for your quick response on my document submissions and follow up and guidance on specific questions.

Reply from Staff

Thank you for your positive words! We’re thrilled to hear about your experience.

Mark S.

September 14th, 2022

Very easy site to navigate. The quit claim deed I downloaded was perfect for my needs. Would like to see a (Deed in Lieu of Foreclosure) added to the forms list.

Reply from Staff

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

Connie P.

January 16th, 2024

Easy, fast, responsive. My document was filed and posted in just a matter of days.

Reply from Staff

Your feedback is valuable to us and helps us improve. Thank you for sharing your thoughts!

Alice L.

October 21st, 2021

County accepted Quit Claim Deed without any issues! Saved money using Deeds.com - thank you!!!!

Reply from Staff

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

Connie G.

October 15th, 2019

This product makes it so much easier to understand and file forms that you might have to pay an attorney to do. All Counties have their own way of submitting forms and with Deeds you have the correct format.

Reply from Staff

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

Jill A.

March 26th, 2021

Finding current forms in one place helps simplify the process. Thank you.

Reply from Staff

Thank you!

Pat K.

December 31st, 2018

It has been very easy. Like that the recording is so fast.

Reply from Staff

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

Patricia C.

February 6th, 2020

They had exactly what I was looking for. Easy to follow instructions and very helpful.

Reply from Staff

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

ROBERT H.

September 13th, 2020

Quick and easy. A very good value even without COVID complications. Since we DO have COVID complications this is perfect.

Reply from Staff

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

CHARLES H.

December 3rd, 2022

Easy to fill-in forms, easy instructions, worth purchasing

Reply from Staff

Thank you!