Mercer County Contract for Deed Form

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

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

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

Mercer 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

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

Mercer 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
Additional Illinois and Mercer County documents included at no extra charge:
Where to Record Your Documents
Mercer County Clerk/Recorder
Address:
Courthouse - 100 SE Third St / PO Box 66
Aledo, Illinois 61231
Hours: 8:00 to 4:00 M-F
Phone: (309) 582-1137
Recording Tips for Mercer County:
- Double-check legal descriptions match your existing deed
- Check that your notary's commission hasn't expired
- White-out or correction fluid may cause rejection
- Recorded documents become public record - avoid including SSNs
Cities and Jurisdictions in Mercer County
Properties in any of these areas use Mercer County forms:
- Aledo
- Alexis
- Joy
- Keithsburg
- Matherville
- New Boston
- New Windsor
- North Henderson
- Preemption
- Seaton
- Sherrard
- Viola
How do I get my forms?
Forms are available for immediate download after payment. The Mercer 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 Mercer County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Mercer 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 Mercer 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 Mercer County?
Recording fees in Mercer County vary. Contact the recorder's office at (309) 582-1137 for current fees.
Have other questions? Contact our support team
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 Mercer County to use these forms. Documents should be recorded at the office below.
This Contract for Deed meets all recording requirements specific to Mercer County.
Our Promise
The documents you receive here will meet, or exceed, the Mercer 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 Mercer 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 - ( 4569 Reviews )
Ricky N.
June 22nd, 2023
Great service and instructions are excellent.
Thank you for your feedback. We really appreciate it. Have a great day!
Leonard H.
November 21st, 2019
Just perfect for what I needed. Made the property transfer very easy.
Thank you!
MIMI T.
October 7th, 2020
Awesome great service!
Fantastic! Thanks for the feedback Mimi.
steven L.
April 8th, 2020
download was fast and easy. if no problems with county recorder i will give 5 stars
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Craig P.
August 19th, 2019
Good
Thank you!
Lorraine J.
April 6th, 2023
Thank-you.
Thank you!
Angela W.
March 12th, 2022
Very helpful and very quick to respond. Thank you!
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
COURTNEY K.
August 7th, 2020
I could not be happier with this service! It was so easy and fast!
Thank you!
Fred B.
February 8th, 2019
Great service and all seems to be what I was looking for
Thank you Fred, have a great day!
FE P.
March 4th, 2023
Looked into a good number of DIY deeds on the internet. Very glad that I chose Deeds.com. They made it easy to make your own deed based on your state and the process based on the sample included was easy to follow. Also the cost was very reasonable. Great company.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Dennis M.
April 24th, 2022
Deeds was responsive and got back to me right away suggesting I go to the county and retrieve copies of the deed there. It's a couple of hundred miles away so was hoping I could do it online. A pretty good website though. Sorry we couldn't do business.
Thank you for your feedback. We really appreciate it. Have a great day!
Dawn L.
May 26th, 2022
Not totally satisfied as unable to edit as needed on signature page of the deed. I want to be able to date the document and don't want the verbage "signed, sealed and delivered in the presence of" to appear and cannot remove it. The notary will make his or her own statement below as to the date executed.
Thank you for your feedback. We really appreciate it. Have a great day!
ARNOLD E.
May 3rd, 2019
SO FAR SO GOOD! I AM STILL COMPLETING THE QUIT CLAIM DEED. THANKS....ARNIE
Thank you Arnold, we really appreciate your feedback.
Sidney H.
August 3rd, 2022
Fabulous resource! They provide everything you need at an extremely reasonable price.
Thank you for your feedback. We really appreciate it. Have a great day!
Geraldine B.
December 7th, 2019
Top notch real estate forms. Easy to use, printed out nice, and the guide and example are priceless. You're not going to find anything better anywhere.
Thank you for the kind words Geraldine! Have an incredible day!