Posey County Memorandum of Contract Form

Posey County Memorandum of Contract Form
Fill in the blank Memorandum of Contract form formatted to comply with all Indiana recording and content requirements.

Posey County Memorandum of Contract Guide
Line by line guide explaining every blank on the Memorandum of Contract form.

Posey County Completed Example of the Memorandum of Contract Document
Example of a properly completed Indiana Memorandum of Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Indiana and Posey County documents included at no extra charge:
Where to Record Your Documents
Posey County Recorder
Mt. Vernon, Indiana 47620
Hours: 8:00 to 4:00 Monday through Friday
Phone: (812) 838-1314
Recording Tips for Posey County:
- Bring your driver's license or state-issued photo ID
- White-out or correction fluid may cause rejection
- Leave recording info boxes blank - the office fills these
Cities and Jurisdictions in Posey County
Properties in any of these areas use Posey County forms:
- Cynthiana
- Griffin
- Mount Vernon
- New Harmony
- Poseyville
- Wadesville
Hours, fees, requirements, and more for Posey County
How do I get my forms?
Forms are available for immediate download after payment. The Posey 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 Posey County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Posey 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 Posey 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 Posey County?
Recording fees in Posey County vary. Contact the recorder's office at (812) 838-1314 for current fees.
Questions answered? Let's get started!
A "Memorandum of Contract" in Indiana is a legal document used to provide public notice of a contract or agreement concerning real estate without revealing the full details of the contract. When recorded in the county where the property is located, it serves as a way to notify third parties, such as potential buyers or lenders, that there is an existing contract or agreement related to the property.
IN Code § 36-2-11-20 Sec. 20. (a) As used in this section, "contract" means an agreement for a seller to sell real estate to a purchaser that provides for the purchaser to pay the purchase price to the seller in periodic installments, with the seller retaining record title to the real estate and the purchaser acquiring equitable title to the real estate.
Purpose: The primary purpose of a Memorandum of Contract is to secure the parties' interests by making the existence of a contract public without disclosing the full contract terms. Use this form for real property purchase agreements.
IN Code § 36-2-11-20 (g) A memorandum of a lease or a memorandum of contract may be recorded in lieu of the lease or contract itself if the memorandum is executed and acknowledged by the parties and contains:
(1) the names of the parties;
(2) the term of the lease or contract;
(3) any option of the lessee to renew or extend the term of the lease or of the purchaser to renew or extend the term of the contract; and
(4) the specific legal description of the real estate, or a survey or plot plan authorized under subsection (i) showing the location of the real estate.
(h) A memorandum recorded under this section may also contain any other agreement made between the parties in the lease or contract.
Statutory Basis: Indiana has statutes governing the recording of documents affecting real estate. Indiana Code § 32-21-4 provides general guidelines for recording instruments, including those affecting real estate interests. Specific requirements may vary based on the type of contract and the county.
Effect of Recording: Once recorded, the memorandum places a cloud on the title, meaning any future buyers or creditors will be aware of the existing contract. This can protect the parties from unauthorized transactions or encumbrances.
For use in Indiana only.
Termination: If the underlying contract is terminated, parties typically record a document to release the memorandum, clearing the title.
Important: Your property must be located in Posey County to use these forms. Documents should be recorded at the office below.
This Memorandum of Contract meets all recording requirements specific to Posey County.
Our Promise
The documents you receive here will meet, or exceed, the Posey 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
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November 21st, 2024
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