Fayette County Memorandum of an Installment Sales Contract Form (Illinois)
All Fayette County specific forms and documents listed below are included in your immediate download package:
Memorandum of an Installment Sales Contract Form
Fill in the blank Memorandum of an Installment Sales Contract form formatted to comply with all Illinois recording and content requirements.
Included Fayette County compliant document last validated/updated 9/18/2024
Memorandum of an Installment Sales Contract Guide
Line by line guide explaining every blank on the Memorandum of an Installment Sales Contract form.
Included Fayette County compliant document last validated/updated 9/30/2024
Completed Example of the Memorandum of an Installment Sales Contract Document
Example of a properly completed Illinois Memorandum of an Installment Sales Contract document for reference.
Included Fayette County compliant document last validated/updated 8/19/2024
The following Illinois and Fayette County supplemental forms are included as a courtesy with your order:
When using these Memorandum of an Installment Sales Contract forms, the subject real estate must be physically located in Fayette County. The executed documents should then be recorded in the following office:
Fayette County Clerk/Recorder
Courthouse - 221 S 7th St, Rm 106 / PO Box 401, Vandalia, Illinois 62471
Hours: 8:00 to 4:00 M-F
Phone: (618) 283-5000
Local jurisdictions located in Fayette County include:
- Bingham
- Brownstown
- Farina
- Hagarstown
- Loogootee
- Ramsey
- Saint Elmo
- Saint Peter
- Shobonier
- Vandalia
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 Fayette 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 Fayette County using our eRecording service.
Are these forms guaranteed to be recordable in Fayette County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Fayette County including margin requirements, content requirements, font and font size requirements.
Can the 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 Fayette County that you need to transfer you would only need to order our forms once for all of your properties in Fayette County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Illinois or Fayette 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 Fayette County 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.
The seller has the option of recording the Contract for Deed, or a Memorandum of Contract (within 10 business days of the date of sale of any residential real estate subject to an installment sales contract, and prior to any subsequent sale or other transfer of any interest in the residential real estate or contract by the seller, the seller shall record the contract or a memorandum of the contract with the county recorder of deeds. A memorandum of the contract shall be titled "MEMORANDUM OF AN INSTALLMENT SALES CONTRACT") ((765 ILCS 67/20(a))
In short an ("Installment sales contract" or "contract" means any contract or agreement, including a contract for deed, bond for deed, or any other sale or legal device whereby a seller agrees to sell and the buyer agrees to buy a residential real estate, in which the consideration for the sale is payable in installments for a period of at least one year after the date of sale, and the seller continues to have an interest or security for the purchase price or otherwise in the property. "Installment sales contract" does not include a financing arrangement that for religious or cultural reasons does not allow the imposition or collection of interest and that is offered by a person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or the United States relating to banks, savings and loan associations, savings banks, credit unions, or third-party religious or cultural lenders.) ((765 ILCS 67/5)
Why record a Memorandum instead of a Contract?
Memorandum of Contract: This is useful when you want to protect certain details of the agreement while still providing public notice of its existence. It is appropriate for maintaining some level of privacy and avoiding the recording of lengthy or sensitive contract details.
Original Contract: Recording the original contract is beneficial when you need full legal protection and clarity. It ensures that all terms are public and enforceable, providing comprehensive protection against disputes and claims.
Our Promise
The documents you receive here will meet, or exceed, the Fayette 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 Fayette County 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 - ( 4434 Reviews )
James S.
November 21st, 2024
Forms used, created quitclaim deed that the county accepted without a second look (turns out they see deeds.com forms regularly via erecording and in person). Will be back for any real estate related forms I need and they carry. Will always be my first stop. Also, will use erecording next time, mad I didn't see it this time.
Thanks for the kind words James, glad we could help. Look forward to seeing you again.
Thomas G.
November 21st, 2024
Wasn’t what I expected
Sorry to hear that your expectations were missed. Your order has been canceled. We do hope that you find something more suitable to your expectations elsewhere. Do keep in mind that purchasing legal forms should not be an exploratory endeavor.
Jimmy P.
November 20th, 2024
They sent me everything I would need to do this. Easy purchase -Easy download. Great!! I'll be back here for all my document needs.
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James R.
July 31st, 2019
Super website. Easy to use and stuff is well organized.
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Lana B.
August 25th, 2019
Was very helpful!
Thank you!
Karen S.
October 24th, 2019
Excellent support! They were patient and knowledgeable.
Thank you!
Donna S.
June 22nd, 2022
Very easy forms to fill out and convenient since my county does not carry these forms , great service .
Thank you for your feedback. We really appreciate it. Have a great day!
Adriana B.
December 29th, 2023
The explanations about the processes and descriptions of the forms makes it easy to understand which forms to use.
Your feedback is greatly appreciated. Thank you for taking the time to share your experience!
Nancy H.
December 31st, 2018
Site was excellent and saved a trip to the County office to pick up forms.
Thank you Nancy. Glad we could help. Have a great day!
Dallas S.
July 19th, 2023
Very easy
Thank you!
Kevin V.
June 29th, 2020
This is an option for recording that worked flawlessly with my county government. Given Covid19 has closed county offices to the public as well as the personal kiosks options to record shrunk dramatically. I recommend Deeds.Com for your recording needs.
Thank you for your feedback. We really appreciate it. Have a great day!
Karen L.
October 3rd, 2022
Good service could give a little more detail on where to location some of the information needed. Overall fairly simply to use.
Thank you for your feedback. We really appreciate it. Have a great day!
Jimmy P.
November 7th, 2021
Works well. Very satisfied.
Thank you!
Novella M T.
January 5th, 2022
Amazing forms, nice to have something specific and not generic like some other sites. Getting the other required forms included is a nice bonus.
Great to hear Novella. We appreciate you taking the time to leave your feedback.
Anthony T.
August 6th, 2019
Would be better if you could save the forms to word for easier use on your computer.
Thank you!