Illinois Forms

Putnam County Full Release of Memorandum of an Installment Sales Contract Form

Putnam County Full Release of Memorandum of an Installment Sales Contract Form

Putnam County Full Release of Memorandum of an Installment Sales Contract Form

Fill in the blank Full Release of Memorandum of an Installment Sales Contract form formatted to comply with all Illinois recording and content requirements.

Document Last Validated 7/10/2025
Putnam County Full Release of Memorandum of an Installment Sales Contract Guide

Putnam County Full Release of Memorandum of an Installment Sales Contract Guide

Line by line guide explaining every blank on the Full Release of Memorandum of an Installment Sales Contract form.

Document Last Validated 8/5/2025
Putnam County Completed Example of the Full Release of Memorandum of an Installment Sales Contract Document

Putnam County Completed Example of the Full Release of Memorandum of an Installment Sales Contract Document

Example of a properly completed Illinois Full Release of Memorandum of an Installment Sales Contract document for reference.

Document Last Validated 7/17/2025

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

Immediate Download • Secure Checkout

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

Where to Record Your Documents

Putnam County Clerk/Recorder
Address:
Courthouse - 120 North 4th St / PO Box 236
Hennepin, Illinois 61327

Hours: 8:00am to 4:30pm M-F

Phone: (815) 925-7129

Recording Tips for Putnam County:
  • White-out or correction fluid may cause rejection
  • Documents must be on 8.5 x 11 inch white paper
  • Ask if they accept credit cards - many offices are cash/check only
  • Verify all names are spelled correctly before recording
  • Make copies of your documents before recording - keep originals safe

Cities and Jurisdictions in Putnam County

Properties in any of these areas use Putnam County forms:

  • Granville
  • Hennepin
  • Magnolia
  • Mark
  • Mc Nabb
  • Putnam
  • Standard

View Complete Recorder Office Guide

Hours, fees, requirements, and more for Putnam County

How do I get my forms?

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

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

Recording fees in Putnam County vary. Contact the recorder's office at (815) 925-7129 for current fees.

Questions answered? Let's get started!

(A memorandum of the contract shall be titled "Memorandum of an Installment Sales Contract" )(765 ILCS 67/20)

Releasing a Memorandum of Installment Payment Contract in Illinois is important for several reasons, primarily related to clearing the title and confirming that the contractual obligations have been fulfilled. Here's why you might need to release a memorandum:

1. Clear the Property's Title
A Memorandum of Installment Payment Contract is typically filed to provide public notice that a contract exists between a buyer and a seller for the purchase of real estate under an installment payment agreement. This filing creates a cloud on the title, which means that anyone looking at the property records will see that there is an outstanding contract involving the property.
When the buyer finishes making all payments under the installment contract or the contract is otherwise terminated, a release must be filed to remove the cloud from the title. Without the release, it can create complications for future sales, refinances, or transfers of the property.

2. Confirm the Satisfaction or Termination of the Contract The release acts as a formal acknowledgment that the buyer has either:
Fulfilled their payment obligations and now owns the property outright, or
The contract has been canceled or terminated for other reasons (such as the buyer defaulting or both parties mutually agreeing to terminate).
Recording the release ensures that there is no misunderstanding or dispute regarding the status of the contract.

3. Enable the Buyer to Obtain Full Ownership
Under an installment payment contract, the seller retains the legal title to the property until the contract is fully paid off. Once the buyer completes their payments, they are entitled to full legal ownership.
Filing a release of the memorandum makes it clear in the public record that the installment contract has been completed, and the buyer can take full legal title to the property without any remaining encumbrances from the contract.

4. Facilitate Future Transactions
If the memorandum is not released, future buyers, lenders, or title companies will see the memorandum on the property’s title. This may make it difficult or impossible for the buyer to sell or refinance the property because it looks like there is still an outstanding installment contract.
A release ensures that the property is free from claims under the installment contract, making it easier for the buyer to proceed with any future real estate transactions.

5. Protect Both Parties
For the seller, recording the release ensures they have formally concluded their legal obligations under the contract.
For the buyer, it ensures that they have clear title to the property and there are no ongoing claims or obligations under the installment contract.

Legal and Procedural Considerations:
Once the contract is fulfilled or terminated, both the buyer and seller should sign a Release of Memorandum of Installment Contract and file it with the county recorder’s office where the original memorandum was recorded. This officially clears the property’s title.

In Illinois, failing to release a memorandum after the contract has been satisfied can cause legal and financial complications for both parties.

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

This Full Release of Memorandum of an Installment Sales Contract meets all recording requirements specific to Putnam County.

Our Promise

The documents you receive here will meet, or exceed, the Putnam 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 Putnam County Full Release of Memorandum of an Installment Sales Contract 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 - ( 4573 Reviews )

Jimmy P.

November 7th, 2021

Works well. Very satisfied.

Reply from Staff

Thank you!

William C.

March 31st, 2020

Excellent service. Reasonably priced. Highly recommend.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Judi W.

May 24th, 2022

Great website! Well organized, easy to navigate and put to practical use. Would use again.

Reply from Staff

Thank you!

Annette A.

March 21st, 2019

I requested a property report and it was completed fast and accurately. I would highly recommend this service.

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Lauren W.

October 30th, 2019

I took a chance and downloaded the Beneficiary Deed form -- would have liked to have been able to see the form before I paid, but I took a chance as everywhere else I looked online wanted me to fill out form online and then pay $30+ for each deed. I'm doing several, so I was glad to be able to just download the blank form that appears to be one I can directly type into on my computer. Yay! Would use your site again if needed. Thanks!

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Paul D.

July 24th, 2019

Easy to use! The forms were perfect and everything was explained well! Will use again!

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Carnell G.

September 26th, 2020

The basic setup was fine but, I need to review the document in its entirety for accuracy which I have yet to do so. So far so good. The monthly fee is more than I need for right now.

Reply from Staff

Thank you!

Peter V.

November 1st, 2021

Great set of forms. Downloaded in a min and Used immediately. Good sample as it easy to read And fill out yours. Overall good experience

Reply from Staff

We appreciate your business and value your feedback. Thank you. Have a wonderful day!

Scott H.

April 14th, 2021

Very helpful

Reply from Staff

Thank you!

YU LI K.

December 27th, 2023

Very easy to find the document I need and easy to download

Reply from Staff

Your feedback is valuable to us and helps us improve. Thank you for sharing your thoughts!

William K.

May 21st, 2019

I filled out the Xfer on Death Deed and turned it in to the County Recorder - everything went well. I did NOT like the Huge Print over like a stamp of "DEEDS.COM" on some of the material - it just made it hard to read.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Christopher G.

August 12th, 2019

couldn't find what I was looking for.

Reply from Staff

Thank you for your feedback Christopher, sorry to hear that you couldn't find what you were looking for. Have a wonderful day.

Doug C.

November 20th, 2020

Great Job guys! I would not even have thought to look for this service. The county recorder's office and kiosks are all closed because of covid. I was directed to you because of a referral on the county site. I wish I had known you had forms available as well. I searched for a day to find the appropriate form.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!

Stephen K.

July 5th, 2019

The forms were correct and the instructions and Completed sample were very helpful. I filled it out and filed it at the county office, they didn't question anything. Thank you.

Reply from Staff

Thank you!

Daniel S.

August 28th, 2019

Fast. Easy. More than I expected. Hope it all works with MD bureaucrats.

Reply from Staff

Thank you for your feedback. We really appreciate it. Have a great day!