Alabama Forms

Franklin County Assignment of Contract for Deed Form

Franklin County Assignment of Contract for Deed Form

Franklin 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.

Document Last Validated 5/22/2025
Franklin County Assignment of Contract for Deed Guide

Franklin County Assignment of Contract for Deed Guide

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

Document Last Validated 5/22/2025
Franklin County Completed Example of the Assignment of Contract for Deed Document

Franklin 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.

Document Last Validated 8/22/2025

All 3 documents above included • One-time purchase • No recurring fees

Immediate Download • Secure Checkout

Important: Your property must be located in Franklin County to use these forms. Documents should be recorded at the office below.

Where to Record Your Documents

Franklin County Probate Office
Address:
410 N Jackson Ave / PO Box 70
Russellville, Alabama 35653

Hours: 8:00 to 5:00 M-F

Phone: (256) 332-8801

Recording Tips for Franklin County:
  • Ask if they accept credit cards - many offices are cash/check only
  • Documents must be on 8.5 x 11 inch white paper
  • Request a receipt showing your recording numbers
  • Ask about their eRecording option for future transactions

Cities and Jurisdictions in Franklin County

Properties in any of these areas use Franklin County forms:

  • Hodges
  • Phil Campbell
  • Red Bay
  • Russellville
  • Spruce Pine
  • Vina

View Complete Recorder Office Guide

Hours, fees, requirements, and more for Franklin County

How do I get my forms?

Forms are available for immediate download after payment. The Franklin 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 Franklin County?

Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Franklin 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 Franklin 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 Franklin County?

Recording fees in Franklin County vary. Contact the recorder's office at (256) 332-8801 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 Franklin 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 Franklin County.

Our Promise

The documents you receive here will meet, or exceed, the Franklin 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 Franklin County Assignment of Contract for Deed 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 - ( 4582 Reviews )

Jearsel W.

January 5th, 2019

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November 6th, 2020

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December 4th, 2020

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Sara R.

July 24th, 2020

The deed is presently at the auditors office and will be recorded after approval from zoning board. As far as I know, everything is going along well. A self addressed envelope was left at recorder's office for return after recording is complete.

Reply from Staff

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July 9th, 2022

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April 30th, 2021

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May 24th, 2025

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July 21st, 2020

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September 20th, 2020

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