Colbert County Full Release of Memorandum and Notice of Agreement Form

Additional Alabama and Colbert County documents included at no extra charge:

Where to Record Your Documents

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Cities and Jurisdictions in Colbert County

Properties in any of these areas use Colbert County forms:

• Cherokee
• Leighton
• Muscle Shoals
• Sheffield
• Tuscumbia

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A Release of Memorandum of Contract (or Release of Memorandum of Purchase Agreement) can be executed by Buyers and Sellers and is typically executed by the seller to formally cancel or release the notice of a purchase agreement that has been recorded in the public records. Here are the key reasons why a seller should execute a Release of Memorandum of Contract:

1. Clearing Title for Future Sales When a Memorandum of Purchase Agreement is recorded in the public records, it creates a cloud on the title, which could prevent the seller from selling the property to another buyer or refinancing it. If the original purchase agreement is terminated (due to failure to close, breach of contract, or mutual cancellation), executing a release is necessary to remove any claims or encumbrances tied to that agreement. Without a release, the public record would still show that the property is under contract, potentially causing future buyers or title companies to hesitate in moving forward with another sale.

2. Preventing Future Legal Disputes Failing to execute a release of the memorandum could lead to legal disputes if a buyer claims they still have an interest in the property. By executing a release, the seller clearly indicates that the previous agreement has been canceled or fulfilled, preventing any future claims by the buyer under that contract. Often the buyer requests a release when the subject contract is fulfilled, allowing them to refinance or sell.

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

This Full Release of Memorandum and Notice of Agreement meets all recording requirements specific to Colbert County.

Our Promise

The documents you receive here will meet, or exceed, the Colbert 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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