Covington County Assignment of Contract for Deed Form

Covington County Assignment of Contract for Deed Form
Fill in the blank Assignment of Contract for Deed form formatted to comply with all Alabama recording and content requirements.

Covington County Assignment of Contract for Deed Guide
Line by line guide explaining every blank on the Assignment of Contract for Deed form.

Covington County Completed Example of the Assignment of Contract for Deed Document
Example of a properly completed Alabama Assignment of Contract for Deed document for reference.
All 3 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Alabama and Covington County documents included at no extra charge:
Where to Record Your Documents
Probate Office
Andalusia, Alabama 36420
Hours: 8:30 to 4:30 M-F
Phone: (334) 428-2510
Recording Tips for Covington County:
- Ensure all signatures are in blue or black ink
- Verify all names are spelled correctly before recording
- Ask about their eRecording option for future transactions
- Multi-page documents may require additional fees per page
Cities and Jurisdictions in Covington County
Properties in any of these areas use Covington County forms:
- Andalusia
- Florala
- Gantt
- Lockhart
- Opp
- Red Level
- River Falls
- Wing
Hours, fees, requirements, and more for Covington County
How do I get my forms?
Forms are available for immediate download after payment. The Covington County forms will be in your account ready to download to your computer. An account is created for you during checkout if you don't have one. Forms are NOT emailed.
Are these forms guaranteed to be recordable in Covington County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Covington County including margin requirements, content requirements, font and font size requirements.
Can I reuse these forms?
Yes. You can reuse the forms for your personal use. For example, if you have multiple properties in Covington County you only need to order once.
What do I need to use these forms?
The forms are PDFs that you fill out on your computer. You'll need Adobe Reader (free software that most computers already have). You do NOT enter your property information online - you download the blank forms and complete them privately on your own computer.
Are there any recurring fees?
No. This is a one-time purchase. Nothing to cancel, no memberships, no recurring fees.
How much does it cost to record in Covington County?
Recording fees in Covington County vary. Contact the recorder's office at (334) 428-2510 for current fees.
Questions answered? Let's get started!
This form can be used to assign either the seller’s interests or the buyer’s interests from a Contract for Deed, Land Contract, Buy-Sell Purchase Agreement, etc.
Benefits for the Seller (Assigning Their Interest)
When a seller assigns their interest, they are transferring the right to receive remaining payments under the contract for deed to another party (often an investor or note buyer).
Why a seller would assign a contract?
Immediate Cash Flow: Seller may receive a lump sum from the assignee (investor), converting future payments into immediate cash.
Eliminates Management Responsibilities: The assignee takes over duties like collecting payments, managing defaults, and conveying title when terms are met.
Reduced Legal Risk: Once the interest is legally assigned and recorded, the original seller often has no ongoing obligations (depending on contract terms).
Portfolio Liquidation: Enables sellers to exit long-term financing deals or offload multiple contracts as part of estate or investment planning.
Example: A seller assigns a $40,000 balance of a contract for deed to an investor for $32,000 cash. The investor now collects monthly payments and holds title until the buyer pays in full.
Benefits for the Buyer (Assigning Their Interest)
When a buyer (vendee) assigns their position, they are transferring their right to purchase the property (and duty to pay remaining installments) to a third party.
Why a buyer would assign a contract?
Exit Strategy: Buyer can exit a property purchase they no longer want, need, or can afford.
Profit Opportunity: If the property has appreciated or favorable terms were negotiated, the buyer can sell their equity and profit from the assignment.
Avoid Default: Buyer avoids foreclosure or forfeiture by transferring the contract to a willing party.
Flexibility: Allows creative structuring of deals, especially in "subject-to" or lease-option-style transactions.
Example: A buyer who paid $10,000 down and owes $50,000 may assign their contract to another buyer for $15,000, netting $5,000 profit.
For use in Alabama only.
Important: Your property must be located in Covington County to use these forms. Documents should be recorded at the office below.
This Assignment of Contract for Deed meets all recording requirements specific to Covington County.
Our Promise
The documents you receive here will meet, or exceed, the Covington County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
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