Scotland County Release of a Memorandum of a Contract for Deed Form

Scotland County Release of a Memorandum of a Contract for Deed Form
Fill in the blank Release of a Memorandum of a Contract for Deed form formatted to comply with all North Carolina recording and content requirements.

Scotland County Release of a Memorandum of a Contract for Deed Guide
Line by line guide explaining every blank on the Release of a Memorandum of a Contract for Deed form.

Scotland County Completed Example of the Release of a Memorandum of a Contract for Deed Document
Example of a properly completed North Carolina Release of a Memorandum of a Contract for Deed document for reference.
All 3 documents above included • One-time purchase • No recurring fees
Immediate Download • Secure Checkout
Additional North Carolina and Scotland County documents included at no extra charge:
Where to Record Your Documents
Scotland County Register of Deeds
Laurinburg, North Carolina 28352 / 28353
Hours: 8:00 to 5:00 M-F
Phone: (910) 277-2575
Recording Tips for Scotland County:
- Documents must be on 8.5 x 11 inch white paper
- Verify all names are spelled correctly before recording
- Request a receipt showing your recording numbers
- Ask about their eRecording option for future transactions
- Make copies of your documents before recording - keep originals safe
Cities and Jurisdictions in Scotland County
Properties in any of these areas use Scotland County forms:
- Gibson
- Laurel Hill
- Laurinburg
- Wagram
Hours, fees, requirements, and more for Scotland County
How do I get my forms?
Forms are available for immediate download after payment. The Scotland 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 Scotland County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Scotland 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 Scotland 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 Scotland County?
Recording fees in Scotland County vary. Contact the recorder's office at (910) 277-2575 for current fees.
Questions answered? Let's get started!
In North Carolina, a release of a Memorandum of a Contract for Deed is a legal document used to formally terminate or cancel a previously recorded Memorandum of a Contract for Deed, indicating that the underlying contract for deed (also known as a land contract) is no longer in effect. Below, I’ll explain its purpose and who should sign it, based on North Carolina law and general real estate practices, while incorporating relevant details from the provided web results.
Purpose of a Release of a Memorandum of a Contract for Deed: A Memorandum of a Contract for Deed is recorded in the county register of deeds to publicly notify that a property is under a contract for deed, protecting the buyer’s equitable interest and preventing the seller from encumbering or selling the property to another party without notice. A release of this memorandum serves the following purposes:
• Termination of the Contract: It signals that the contract for deed has been terminated, either because:
• The buyer has fulfilled all payment obligations, and the seller has conveyed the deed, completing the transaction.
• The parties mutually agreed to cancel the contract.
• The buyer defaulted, and the seller exercised forfeiture rights after proper notice and failure to cure, extinguishing the buyer’s equitable interest.
• Clearing the Property Title: The release removes the memorandum from the public record, clearing any cloud on the property’s title. This ensures the seller can freely convey the property to another party or refinance without encumbrances tied to the prior contract.
• Legal Protection: It provides clarity to third parties (e.g., future buyers, lenders) that the contract for deed is no longer active, preventing disputes or claims on the property.
For example, if the buyer paid off the contract, the release confirms the transaction’s completion. If the contract was canceled (e.g., within the three-day cancellation period allowed under N.C. Statute 47H-2 or due to default), the release documents the termination.
Who Should Sign the Release? The signatories depend on the circumstances of the termination, but typically include:
• Seller (Vendor): The seller, who holds legal title to the property under the contract for deed, must sign the release to confirm the contract’s termination and release the memorandum from the public record.
• Buyer (Purchaser): In cases of mutual termination, the buyer should also sign to acknowledge the cancellation of the contract and their equitable interest in the property. This is explicitly required for a mutual termination under N.C. Statute 47H-2(e), which states that a mutual termination must be executed by both parties and recorded in the county register of deeds.
• Notary Public: The signatures of the seller (and buyer, if applicable) must be acknowledged by a notary public to meet North Carolina’s acknowledgment requirements for recording. This ensures the document complies with N.C. Statute 47-38 and is valid for registration.
Additional Notes:
• If the termination results from a forfeiture due to the buyer’s default, the seller may sign unilaterally after providing proper notice of default and intent to forfeit (per N.C. Statute 47H-4) and the buyer’s failure to cure within the specified period (at least 30 days).
• The release must be recorded in the office of the register of deeds in the county where the property is located, typically by the seller, unless the parties agree otherwise.
Practical Details
• Content: The release should reference the original Memorandum of a Contract for Deed, including the names of the parties, property description, and date of the original contract. It may also note the reason for termination (e.g., fulfillment, mutual cancellation, or forfeiture).
• Recording: Like the original memorandum, the release must be filed with the county register of deeds to update the public record.
• Format: The document must comply with North Carolina’s recording requirements, such as those outlined in N.C. Statutes and local county rules.
Example Scenario
• Completion of Contract: An Individual buys a property under a contract for deed, pays all installments, and the seller conveys the deed. The seller signs a release of the memorandum, notarized, and records it to clear the title.
• Mutual Cancellation: If buyer and the seller agree to cancel the contract within the three-day cancellation period or later, both sign a mutual termination and release, which is notarized and recorded.
• Default: If the buyer defaults and fails to cure after notice, the seller signs the release alone after forfeiture procedures, documenting the termination.
Important: Your property must be located in Scotland County to use these forms. Documents should be recorded at the office below.
This Release of a Memorandum of a Contract for Deed meets all recording requirements specific to Scotland County.
Our Promise
The documents you receive here will meet, or exceed, the Scotland 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 Scotland County Release of a Memorandum of a Contract for Deed 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 )
Wanda W.
January 23rd, 2025
Terrific!!!
Thank you!
Deborah C.
July 13th, 2019
Good organization and guidance.
Thank you!
James C.
December 28th, 2021
Worked well.
Thank you!
Tracy H.
January 14th, 2021
Deeds.com was an amazing experience. They made it so easy and stress free. The agent I worked with was fantastic and communicated quickly to make it a very positive experience. I will be using them from now on. Thank you!
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Brenda Y.
January 14th, 2020
Five stars rating for sure. All so easy to download and print from your home computer. I live in rural Arizona and have no store to run in to like the lady at the County office told me, so Deeds.com is the best. Brenda Y.
Thank you for your feedback. We really appreciate it. Have a great day!
Gary Steve N.
February 4th, 2021
Very user-friendly and easy to understand directions.
Thank you for your feedback. We really appreciate it. Have a great day!
Arnold R.
March 11th, 2022
this online service worked efficiently and as quickly as the registry allowed it to record new deeds. Thank you for providing services
Thank you for your feedback. We really appreciate it. Have a great day!
Veda J.
September 11th, 2020
Good Work!
Thank you!
Deborah M.
June 24th, 2021
Absolutely great. The staff is responsive and knowledgeable. The online interface is excellent. The total cost for finalizing the sale on our property (minus state filing fees) was $39. A wonderful experience.
Thank you for your feedback. We really appreciate it. Have a great day!
Joe F.
January 11th, 2021
TOOK ME SEVERAL DAYS TO FIND A SITE THAT DIDNT CHARGE $100 JUST TO USE ONE FORM. THANKS
Thank you for your feedback. We really appreciate it. Have a great day!
Linda D.
May 12th, 2021
This is a very nice service. Easy to use and reasonable. I especially appreciated the helpful explanations of each of the fields on the form. I will positively use this service again.
Thank you for your feedback. We really appreciate it. Have a great day!
rich b.
September 3rd, 2021
Had pretty much everything I needed. Had to slice and dice a bit.
Thank you!
Claudia S.
May 23rd, 2024
Website is very easy to navigate.
We appreciate your business and value your feedback. Thank you. Have a wonderful day!
Marilyn W.
April 25th, 2022
The Mineral Deed transfer form was pretty good. Could have used more info in the guide about where to find legal property descriptions and source of title. Also more space on the pdf for entering return addresses - there was room for only one; I needed three. I will be sending the form to the County Courthouse soon. I hope it works.
Thank you for your feedback. We really appreciate it. Have a great day!
Devra R.
May 30th, 2022
A refreshingly easy service to use. They offer auxiliary forms as a courtesy. Theres no "gotcha" capitalism. You pay the reasonable fee and the needed forms are accessible instantly to download. I've used it twice so far and it worked perfectly!
We appreciate your business and value your feedback. Thank you. Have a wonderful day!