Ida County Real Estate Contract-Installments Form

Ida County Real Estate Contract-Installments Form
Fill in the blank Real Estate Contract-Installments form formatted to comply with all Iowa recording and content requirements.

Ida County Real Estate Contract-Installments Guide
Line by line guide explaining every blank on the Real Estate Contract-Installments form.

Ida County Completed Example of the Real Estate Contract-Installments Document
Example of a properly completed Iowa Real Estate Contract-Installments document for reference.

Ida County Contract Disclosure Form
Required by seller for certain residential property.

Ida County Lead Based Paint Disclosure Form
Required for residential property built before 1978.

Ida County Protect your family from lead based paint
Issue to buyers if lead based paint disclosure is required.

Ida County Annual Accounting Statement Form
Issue to buyers at end of year for fiscal year reporting, interest paid, etc.
All 7 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional Iowa and Ida County documents included at no extra charge:
Where to Record Your Documents
Ida County Recorder
Ida Grove, Iowa 51445
Hours: 8:00am to 4:30pm Monday through Friday
Phone: (712) 364-2220
Recording Tips for Ida County:
- Ask if they accept credit cards - many offices are cash/check only
- Documents must be on 8.5 x 11 inch white paper
- Verify all names are spelled correctly before recording
Cities and Jurisdictions in Ida County
Properties in any of these areas use Ida County forms:
- Arthur
- Battle Creek
- Galva
- Holstein
- Ida Grove
Hours, fees, requirements, and more for Ida County
How do I get my forms?
Forms are available for immediate download after payment. The Ida 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 Ida County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Ida 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 Ida 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 Ida County?
Recording fees in Ida County vary. Contact the recorder's office at (712) 364-2220 for current fees.
Questions answered? Let's get started!
In Iowa, a "Real Estate Contract–Installments" (commonly referred to as a contract for deed or installment land contract) is an agreement in which the seller finances the purchase of real estate for the buyer. The buyer makes payments over time, but the seller retains legal title to the property until the contract is fully paid.
When Applicable:
A real estate contract for installments is commonly used in the following situations:
1. Buyer Cannot Obtain Traditional Financing:
Buyers who are unable to secure a traditional mortgage due to poor credit, lack of credit history, or other financial barriers may use a real estate contract.
The seller essentially acts as the lender, providing an alternative to bank financing.
2. Seller-Owned Properties:
The property is owned outright by the seller, and the seller agrees to sell the property under a financing arrangement.
3. Vacant Land or Unique Properties:
Installment contracts are often used for rural or vacant land, or for properties that might not qualify for traditional financing.
4. Investor Arrangements:
Real estate investors sometimes use installment contracts to purchase properties while deferring full payment.
5. Tax Advantages for Sellers:
A seller may prefer an installment sale for tax purposes because the capital gains tax is spread out over the term of the payments.
________________________________________
Key Features of an Iowa Real Estate Contract–Installments:
1. Retention of Legal Title:
The seller retains legal title to the property until the buyer fulfills the terms of the contract (usually full payment of the purchase price).
2. Possession Rights:
The buyer typically takes possession of the property and assumes responsibility for taxes, insurance, and maintenance.
3. Payment Structure:
Payments are made in regular installments over a specified period, often including principal and interest.
4. Default and Termination:
If the buyer defaults, Iowa law provides specific protections and procedures for termination, including potential forfeiture of payments and the return of property to the seller.
________________________________________
Legal Requirements in Iowa:
Iowa Code § 558.46 outlines specific requirements for installment real estate contracts, including:
1. Written Agreement:
The contract must be in writing and signed by both parties.
2. Recording Requirements:
The seller must record the contract with the county recorder where the property is located within 180 days of execution. Failure to do so can lead to penalties and make the contract unenforceable.
3. Disclosure Statement:
Iowa Code § 558.70 requires sellers to provide a disclosure statement detailing the terms of the contract (e.g., purchase price, interest rate, payment schedule, and property description).
4. Forfeiture or Foreclosure:
If a buyer defaults, the seller may pursue forfeiture under Iowa Code Chapter 656 or foreclosure through court proceedings. Forfeiture is faster but generally results in the buyer losing all payments made.
________________________________________
Advantages and Disadvantages:
Advantages for Buyers:
Easier access to property ownership without traditional financing.
Flexible terms negotiated directly with the seller.
Immediate possession and use of the property.
Disadvantages for Buyers:
Higher risk of forfeiture if unable to meet payment terms.
No legal title until the contract is fulfilled.
Potentially higher costs than traditional financing.
Advantages for Sellers:
Ability to sell property without requiring the buyer to obtain financing.
Opportunity to earn interest on the sale price.
Retention of legal title as security for the agreement.
Disadvantages for Sellers:
Risk of buyer default.
Responsibility for legal action in case of default or disputes.
________________________________________
Situations Requiring Legal Advice:
1. Complex Terms: Buyers or sellers negotiating complex installment contracts should seek legal advice to ensure fair terms and compliance with Iowa law.
2. Default: Understanding rights and remedies in the event of a default is crucial for both parties.
3. Disclosures and Recording: Ensuring compliance with Iowa Code §§ 558.46 and 558.70 is essential to avoid penalties and legal issues.
For a valid and enforceable agreement, both parties should consult a real estate attorney to draft or review the contract.
In Iowa, real estate installment contracts—commonly known as contracts for deed—are governed by specific statutes designed to protect both buyers and sellers. Key provisions include:
Mandatory Recording of Contracts:
• Iowa Code § 558.46: Sellers must record residential real estate installment sales contracts with the county recorder where the property is located within 90 days of execution. Failure to record prohibits the seller from initiating forfeiture proceedings based on contract non-compliance.
• Iowa Code § 558.46 (4). If a real estate contract is required to be recorded under this section, the requirement is satisfied by recording either the entire real estate contract or a memorandum of the contract containing at least the names and addresses of all parties named in the contract, a description of all real property and interests in the real property subject to the contract, the length of the contract, and a statement as to whether the seller is entitled to the remedy of forfeiture and as to the dates upon which payments are due.
Contract Disclosure Requirements:
• Iowa Code § 558.70: Before executing a residential real estate installment sales contract, sellers must provide buyers with a written disclosure statement. This statement should include details such as the property's assessed value, any due property taxes or special assessments, existing mortgages or liens, a complete amortization schedule, interest rates, and any balloon payments. The disclosure ensures transparency and informs buyers of their rights and obligations.
Forfeiture Procedures:
• Iowa Code Chapter 656: This chapter outlines the procedures for forfeiture of real estate contracts in cases of buyer default. It specifies the notice requirements and timelines that sellers must follow to terminate the contract legally.
Real Estate Disclosures:
• Iowa Code Chapter 558A: This chapter mandates that sellers provide a disclosure statement to buyers, detailing the condition and characteristics of the property. The disclosure must be provided at least seven days before the execution of a real estate installment sales contract.
These statutes aim to ensure transparency, protect the interests of both parties, and maintain fair practices in real estate transactions involving installment contracts in Iowa.
Important: Your property must be located in Ida County to use these forms. Documents should be recorded at the office below.
This Real Estate Contract-Installments meets all recording requirements specific to Ida County.
Our Promise
The documents you receive here will meet, or exceed, the Ida 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 Ida County Real Estate Contract-Installments 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 )
Milica K.
March 23rd, 2021
Very fast and reliable service.
Thank you for your feedback. We really appreciate it. Have a great day!
Laura H.
August 25th, 2020
I was very impressed with how quickly I was provided the data.
Thank you!
Jim P.
August 8th, 2022
Exactly what we were looking for and filled out everything in minutes. Great value!
Thank you!
Ron S.
April 5th, 2019
Fair price and beneficiary deed was recorded without issue. Completion instructions provided were insufficient in some cases.
Thank you!
Jeff R.
December 4th, 2020
Great company. I had some issues with what I had prepared on my end but my contact at Deeds.com helped me with modifying the documents and submitted them successfully. Thanks for going the extra mile
Thank you for your feedback. We really appreciate it. Have a great day!
David M.
September 29th, 2022
Holy cow. I was told by several people that getting a deed recorded would take 7-10 days. So I thought I'd give deeds.com a try with their e-filing service. I created my account and submitted my deed around 4:00 p.m. and it was recorded before I woke up the next morning. Awesome service! Totally worth the $19 service fee.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Donna R.
November 22nd, 2021
Hi! Is there a setting that I can click on that will make sure I'm notified via email when an update is made to my requests? Thank you!
Thanks for your feedback, we'll have someone look into it.
Elbert M.
July 19th, 2021
I found The blank documents easy to use and the instructions informative and simple to follow. Thanks
Thank you for your feedback. We really appreciate it. Have a great day!
Sally F.
January 22nd, 2020
Amazing forms, thanks so much for making these available.
Thank you!
Judy A S.
October 15th, 2022
Great do it yourself forms (I used the Quitclaim deed). If you think you're going to need a lot of hand holding you might consider hiring an attorney. The guide and general information provided by deeds.com will help if you have some idea of what you are doing and you are willing to research a little. Your mileage may vary but for me, this was a very efficient and economical way to get my quitclaim deed done.
Thank you for your feedback. We really appreciate it. Have a great day!
Anne W.
April 8th, 2021
3 stars for ease of use on the website. Subracted 2 stars for the forms being PDFs that you are unable to complete online, they have to be printed. Very inefficient.
Thank you for your feedback. We really appreciate it. Have a great day!
Carol S.
February 18th, 2022
Unfortunately for me this website was of no help, due to the amount of paperwork that needed to be submitted. One thing I can say they responded with answer really quickly. If this is a website that only deals with quick and fast deed issues, then it should indicate what they can and cannot do.
Thank you for your feedback. We really appreciate it. Have a great day!
Michael M.
June 14th, 2022
Amazing time saver, fantastic resource if you have an idea of what you are looking for and you can read. No one is going to hold your hand so be prepared to do the research yourself... it is DIY after all.
Thanks for the kind words Michael. Have a wonderful day.
Jose R.
January 16th, 2020
User friendly. Smooth transaction. I saved a lot of time
Thank you for taking the time to leave your feedback Jose, we really appreciate it. Have a fantastic day!
Maricela N.
May 5th, 2021
very easy and quick to get all the forms needed! Thank you!
Thank you for your feedback. We really appreciate it. Have a great day!