Grundy County Memorandum of an Installment Sales Contract Form (Illinois)

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

Memorandum of an Installment Sales Contract Form

Grundy County 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 Grundy County compliant document last validated/updated 9/18/2024

Memorandum of an Installment Sales Contract Guide

Grundy County Memorandum of an Installment Sales Contract Guide

Line by line guide explaining every blank on the Memorandum of an Installment Sales Contract form.
Included Grundy County compliant document last validated/updated 11/28/2024

Completed Example of the Memorandum of an Installment Sales Contract Document

Grundy County 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 Grundy County compliant document last validated/updated 12/24/2024

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

Grundy County Clerk / Recorder

Courthouse - 111 E Washington St, Rm 12 / PO Box 675, Morris, Illinois 60450

Hours: 8:00am to 4:30pm M-F

Phone: (815) 941-3224

Local jurisdictions located in Grundy County include:

  • Braceville
  • Coal City
  • Gardner
  • Kinsman
  • Mazon
  • Minooka
  • Morris
  • South Wilmington
  • Verona

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

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

What are supplemental forms?

Often when a deed is recorded, additional documents are required by Illinois or Grundy 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 Grundy 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 Grundy 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 Grundy 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 - ( 4449 Reviews )

Daniel B.

December 24th, 2024

easy to use and upload.

Reply from Staff

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

Dorothy N.

December 22nd, 2024

The mortgage and note were thorough and very satisfactory for my purposes. The accompanying forms were excellent. I am very pleased with my purchase.

Reply from Staff

We welcome your positive feedback and are thrilled to have met your expectations. Thank you for choosing our services.

Edward E.

December 22nd, 2024

Easy to use.

Reply from Staff

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

Michelle R.

December 23rd, 2022

Fairly easy to use. Need to be able to find platts easy.

Reply from Staff

Thank you!

Remon W.

January 26th, 2021

Excellent and fast service. I will be using this site as needed in the future.

Reply from Staff

Thank you Remon, we appreciate you.

Clarice O.

June 15th, 2020

It was very easy plus exactly what I neded.

Reply from Staff

Thank you!

Marilyn T.

June 30th, 2020

This is an extremely user friendly site! I had been searching the internet for days for the proper Gift Deed document. I had no idea that my state, the great state of Mississippi had their own site. I am truly looking forward to using this site for additional available documents. Many more blessings to the creator of this site! Keep them coming!

Thank You!

Reply from Staff

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

Tammy B.

August 13th, 2020

I am so happy that I was able to get these forms. So simple to get and seems like will be easy to fill out . Thank you

Reply from Staff

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

Joseph S.

March 31st, 2022

The website was very easy to use. I rate it a five star

Reply from Staff

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

Theresa T.

October 31st, 2020

Great source easy to use.

Reply from Staff

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

Johnny A.

December 15th, 2018

My complete name is
Johnny Alicea Rodriguez
And the DEED is on my half brother and mine name.
Jimmy Dominguez and myself
Thanks

Robert K.

June 13th, 2021

Very user friendly - I found the affidavit I needed right away together with the guide to filling it out.

Reply from Staff

Thank you!

John Z.

April 14th, 2022

This was an easy to use program. Easy payment. documents are on my desktop ready to fill out. I will have to update after my property transfer.
Zuna

Reply from Staff

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

Robin F.

November 9th, 2022

Very Convenient and easy to use

Reply from Staff

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

Nga C.

January 5th, 2022

I am so happy to discover the Deeds.com website. It is worth to pay the package fee and the recording fee for my beneficiary deed in AZ state. It is so convenient, I highly recommend everybody to use the service. Thank you and thank you.

Reply from Staff

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