Somerset County Full Release of Memorandum of a Land Installment Contract Form

Additional Maine and Somerset County documents included at no extra charge:

Where to Record Your Documents

---

Cities and Jurisdictions in Somerset County

Properties in any of these areas use Somerset County forms:

• Anson
• Athens
• Bingham
• Cambridge
• Canaan
• Caratunk
• Detroit
• Fairfield
• Harmony
• Hartland
• Hinckley
• Jackman
• Madison
• New Portland
• Norridgewock
• North Anson
• Palmyra
• Pittsfield
• Rockwood
• Saint Albans
• Shawmut
• Skowhegan
• Smithfield
• Solon
• West Forks

---

To release a "Memorandum of a Land Installment Contract" recorded under Maine Statute 482, the process typically involves the following steps:
1. Completion of the Contract or Termination:
The memorandum can be released once the underlying land installment contract has been fully performed (i.e., the purchaser has paid off the full purchase price) or if the contract is terminated for some reason (e.g., mutual agreement, breach, or default).

2. Prepare a Release Document:
A release document should be drafted, often titled "Release of Memorandum of Land Installment Contract." This document should include:
Reference to the original recorded memorandum, including the date of recording, document number, or book and page number where the memorandum was recorded.
A statement that the underlying land installment contract has been fulfilled, satisfied, or terminated.
A description of the property that was the subject of the land installment contract.
The names of the vendor and purchaser, consistent with the original memorandum.
Signatures of the vendor (and purchaser if applicable) acknowledging the release.

3. Signatures and Notarization:
The release should be signed by the party(ies) authorized to release the memorandum—typically the vendor and, in some cases, the purchaser.
The signatures must be notarized to verify their authenticity.

4. Record the Release:
The signed and notarized release must be recorded in the same registry of deeds where the original memorandum was recorded. This ensures that the public record reflects that the land installment contract has been discharged or released.

For use in Maine only.

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

This Full Release of Memorandum of a Land Installment Contract meets all recording requirements specific to Somerset County.

Our Promise

The documents you receive here are guaranteed to meet or exceed the applicable Somerset County recording format requirements. If there is a rejection caused by our formatting, we will correct the issue or refund your payment. This guarantee applies to document formatting only and does not extend to information entered by the user, the selection of the form, or the legal effect of the completed document.

Save Time and Money

Get your Somerset County Full Release of Memorandum of a Land Installment 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 - ( 4737 Reviews )