Madison County Contract for Deed Form

Madison County Contract for Deed Form
Fill in the blank Contract for Deed form formatted to comply with all Illinois recording and content requirements.

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

Madison County Completed Example of the Contract for Deed Document
Example of a properly completed Illinois Contract for Deed document for reference.

Madison County Real Property Disclosure Form
An executed installment sales contract shall include a statement acknowledging that the seller provided the buyer with the installment sales contract disclosure

Madison County Lead Based Paint Disclosure Form
A Contract for Deed is subject to the Lead Poisoning Prevention Act

Madison County 3-day Cancellation Notice Form
Illinois State law requires a 3-day cooling-off period for installment sales contracts
All 6 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Illinois and Madison County documents included at no extra charge:
Where to Record Your Documents
Madison County Recorder
Edwardsville, Illinois 62025
Hours: 8:30 to 4:30 M-F
Phone: (618) 296-4475 or (618) 296-4775
Recording Tips for Madison County:
- Check that your notary's commission hasn't expired
- Recording fees may differ from what's posted online - verify current rates
- Multi-page documents may require additional fees per page
Cities and Jurisdictions in Madison County
Properties in any of these areas use Madison County forms:
- Alhambra
- Alton
- Bethalto
- Collinsville
- Cottage Hills
- Dorsey
- East Alton
- Edwardsville
- Glen Carbon
- Godfrey
- Granite City
- Hamel
- Hartford
- Highland
- Livingston
- Madison
- Marine
- Maryville
- Moro
- New Douglas
- Roxana
- Saint Jacob
- South Roxana
- Troy
- Venice
- Wood River
- Worden
Hours, fees, requirements, and more for Madison County
How do I get my forms?
Forms are available for immediate download after payment. The Madison 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 Madison County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Madison 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 Madison 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 Madison County?
Recording fees in Madison County vary. Contact the recorder's office at (618) 296-4475 or (618) 296-4775 for current fees.
Questions answered? Let's get started!
In Illinois, ("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.) ((765 ILCS 67/5) Sec. 5. Definitions)
Key requirements and considerations for a Contract for Deed in Illinois:
1. Written Agreement: The contract must be in writing and signed by both parties. It should include all the terms of the sale, such as the purchase price, payment schedule, interest rate, and responsibilities for taxes and maintenance.
2. Disclosure Requirements: The seller is required to provide certain disclosures to the buyer, including:
o Property Condition: Any known material defects in the property.
o Installment Payment Terms: Detailed terms of the installment payments, including interest rates and payment schedules.
3. Recording the Contract: The buyer should ensure the contract is recorded with the county recorder’s office to protect their interest in the property. This helps in providing notice to third parties and securing the buyer’s interest.
4. Equitable Title: While the seller retains legal title, the buyer receives equitable title, giving them the right to occupy and use the property.
5. Default and Forfeiture: The contract should outline what constitutes a default and the consequences, which may include forfeiture of the property. Illinois law provides some protections for buyers, such as requirements for notice and an opportunity to cure the default before forfeiture.
6. Interest and Fees: (The interest rate being charged, if any, expressed only as an annual percentage rate.) (765 ILCS 67/10) (5))
7. Compliance with Local Laws: Ensure the contract complies with all relevant local, state, and federal laws, including consumer protection laws.
8. Legal Description of Property: The contract should include a legal description of the property being sold.
9. Transfer of Title: The contract should specify that the seller will transfer the legal title to the buyer once all payments have been made and the terms of the contract are fulfilled.
10. Insurance and Taxes: The contract should specify who is responsible for paying property taxes and maintaining insurance on the property during the installment period.
11. Right to Prepay: (Prepayment penalties prohibited. The seller may not charge or collect a prepayment penalty or any similar fee or finance charge if the buyer elects to pay the outstanding principal balance of the purchase price under the contract before the scheduled payment date under the contract.) (765 ILCS 67/60)Sec. 60.)
12. (An amortization schedule, as defined in Section 5.) (765 ILCS 67/10)(23.)
[As used in this Act, unless the context otherwise requires:
"Amortization schedule" means a written schedule which sets forth the date of each periodic payment, the amount of each periodic payment that will be applied to the principal balance and the resulting principal balance, and the amount of each periodic payment that will be applied to any interest charged, if applicable, pursuant to the contract.] [765 ILCS 67/5] Sec. 5. Definitions]
13. A versatile Contract that can be used for installment payment and/or with ballon payment option. Use for residential, condominiums and rental properties. Residential property has additional requirements, a 3 day notice of Right to Cancel, RESIDENTIAL REAL PROPERTY DISCLOSURE REPORT, residential homes built before 1978 require a Disclosure of Information and Acknowledgement-Lead-Based Paint and/or Lead-Based Paint Hazards. Included for your convenience.
Important: Your property must be located in Madison County to use these forms. Documents should be recorded at the office below.
This Contract for Deed meets all recording requirements specific to Madison County.
Our Promise
The documents you receive here will meet, or exceed, the Madison 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 Madison County 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 - ( 4580 Reviews )
Georgiana I.
January 25th, 2020
The deed itself was easy. I did notice that although the website says that the deed would exempt the house from probate, the deed clearly states that it might not. I hope that "might " is the operative word here.
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Robert F.
December 1st, 2021
Great, quick and easy to use
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William P.
June 28th, 2022
VERY difficult to work with. Nice people. But difficult system. Ask for MANY changes. Why dont you do that as a
Sorry to hear of your struggle William. We do hope that you found something more suitable to your needs elsewhere.
Lawrence R.
February 4th, 2020
Forms do not allow enough space for fields and cutoff. Need to expand the fields to allow for more writing. I ended up re-typing to be able to include full property description. Would be nice if available in Word format rather than only PDF format.
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Erika K.
July 3rd, 2020
Very Easy to use, especially since the county recorder's office is closed due to COVID-19
Thank you!
Rebecca M.
February 22nd, 2023
Haven't used yet but I will check it out tomorrow
Thank you!
Judy A D.
March 26th, 2022
It was quick and easy.
Thank you!
Dianne C.
July 13th, 2023
Love it
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Kyle K.
June 10th, 2020
Very quick and simple process! Will be using this service much more.
Thank you!
Thomas J.
February 22nd, 2024
Seems to be just what I needed. I will certainly keep your services handy in the future. I will recommend your site whenever I can.
We are delighted to have been of service. Thank you for the positive review!
Donald S.
March 16th, 2021
Guidelines somewhat helpful. Forms fillable but not editable unless you buy an Adobe conversion service subscription. End product looks crude and amateurish. Fields can't be reduced or enlarged to accommodate unique data. Very disappointing.
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Herbert R.
November 12th, 2022
Your website was very helpful. Hopefully, I will have it completed correctly prior to use.
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Viviana Hansen M.
March 3rd, 2024
I was thrilled that I could execute the paperwork for a lady bird deed here in Florida ! Thank you
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James I.
March 3rd, 2023
It worked out very well. Got the form(s) with clear instructions.
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Randi J.
September 8th, 2020
Everything was so easy and self explanatory and very inexpensive. Thank you.
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