Webster County Real Estate Contract-Installments Form

Webster 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.

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

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

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

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

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

Webster 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 Webster County documents included at no extra charge:
Where to Record Your Documents
Recorder
Fort Dodge, Iowa 50501
Hours: 8:00 to 4:30 Mon - Fri / Recording Cut-off at 3:00
Phone: (515) 576-2401
Recording Tips for Webster County:
- Bring your driver's license or state-issued photo ID
- Verify all names are spelled correctly before recording
- Leave recording info boxes blank - the office fills these
Cities and Jurisdictions in Webster County
Properties in any of these areas use Webster County forms:
- Badger
- Barnum
- Burnside
- Callender
- Clare
- Dayton
- Duncombe
- Fort Dodge
- Gowrie
- Harcourt
- Lehigh
- Moorland
- Otho
- Vincent
Hours, fees, requirements, and more for Webster County
How do I get my forms?
Forms are available for immediate download after payment. The Webster 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 Webster County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Webster 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 Webster 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 Webster County?
Recording fees in Webster County vary. Contact the recorder's office at (515) 576-2401 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 Webster County to use these forms. Documents should be recorded at the office below.
This Real Estate Contract-Installments meets all recording requirements specific to Webster County.
Our Promise
The documents you receive here will meet, or exceed, the Webster 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 Webster 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 - ( 4573 Reviews )
harriet l.
June 21st, 2019
Worked very smoothly and got the job done
Thank you for your feedback. We really appreciate it. Have a great day!
Melinda L.
April 23rd, 2022
Easy to find what I needed and a good price. Very satisfied.
Thank you for your feedback. We really appreciate it. Have a great day!
tao a.
June 23rd, 2021
excellent. I will this service again.
Thank you!
Jacqueline C.
August 15th, 2019
Was relieved to see your site actually delivered what I paid for.
Thank you!
Ming W.
December 22nd, 2020
couldn't believe how efficient and perfect job you have done!! I will recommend your website to all friends.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Jim F.
April 9th, 2024
Site was easy to navigate and helped me to quickly locate the documents I was searching for. Thank you!
Your appreciative words mean the world to us. Thank you.
Norman K.
March 2nd, 2021
It wasn't really what I needed I read and read and read and read and I thought I was to do with for filing for probate or probate executor but instead it was for the property if you are executor and but it wasn't very clear on that so it didn't work for me so I was kind of wasted money
Sorry to hear that Norman. We've gone ahead and canceled your order and payment.
Fedila A.
July 16th, 2021
Thank you! I got the forms and saved them. Fast download and the price is given before ordering which is great. The only thing missing is the sample of the Cover Page. Thanks a lot!
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Alice L.
October 21st, 2021
County accepted Quit Claim Deed without any issues! Saved money using Deeds.com - thank you!!!!
Thank you for your feedback. We really appreciate it. Have a great day!
Carl T.
October 1st, 2020
Awesome! Quick service and well worth the very minimal fee for the convenience of being able to quickly record my mothers will without having to leave the house. Also, our court is currently closed due to Covid. So happy to have found Deeds.com
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Lorie C.
April 15th, 2023
Easy and effective...surely saved hundreds by avoiding a lawyer.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Vickie M.
April 24th, 2022
The website was easy to use even for me with little computer knowledge.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
OLGA B.
March 17th, 2021
I just purchased the documents. I appreciate that they are accurate to the county and state I live in and all the forms to make it complete. Thank you so much for your assistance in a very chaotic situation.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Thomas D.
July 10th, 2019
The site is fine with one exception. About half the pdf files I downloaded were corrupted. I could not open them or view their contents. Fortunately, the link continued to work, so after I discovered this, I downloaded the corrupted files again, and they now seem fine. I do not know if my computer or the website caused this odd problem.
Thank you for your feedback. We really appreciate it. Have a great day!
JOHN H.
July 20th, 2022
It was simple and fast thanks so much.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!