Mckean County Full Release of Installment Land Contract Form

Mckean County Full Release of Installment Land Contract Form
Fill in the blank Full Release of Installment Land Contract form formatted to comply with all Pennsylvania recording and content requirements.

Mckean County Full Release of Installment Land Contract Guide
Line by line guide explaining every blank on the Full Release of Installment Land Contract form.

Mckean County Completed Example of the Full Release of Installment Land Contract Document
Example of a properly completed Pennsylvania Full Release of Installment Land Contract document for reference.
All 3 documents above included • One-time purchase • No recurring fees
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Additional Pennsylvania and Mckean County documents included at no extra charge:
Where to Record Your Documents
Recorder of Deeds - County Courthouse
Smethport, Pennsylvania 16749
Hours: 8:30am to 4:30pm Monday through Friday
Phone: (814) 887-3250
Recording Tips for Mckean County:
- Check that your notary's commission hasn't expired
- Avoid the last business day of the month when possible
- Recorded documents become public record - avoid including SSNs
- Request a receipt showing your recording numbers
- Consider using eRecording to avoid trips to the office
Cities and Jurisdictions in Mckean County
Properties in any of these areas use Mckean County forms:
- Bradford
- Crosby
- Custer City
- Cyclone
- Derrick City
- Duke Center
- East Smethport
- Eldred
- Gifford
- Hazel Hurst
- Kane
- Lewis Run
- Ludlow
- Mount Jewett
- Port Allegany
- Rew
- Rixford
- Smethport
- Turtlepoint
Hours, fees, requirements, and more for Mckean County
How do I get my forms?
Forms are available for immediate download after payment. The Mckean 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 Mckean County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Mckean 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 Mckean 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 Mckean County?
Recording fees in Mckean County vary. Contact the recorder's office at (814) 887-3250 for current fees.
Questions answered? Let's get started!
In Pennsylvania (PA), an Installment Land Contract is a form of seller financing where the buyer makes payments toward the purchase of property, but legal title remains with the seller until all payments are made. A Full Release of Installment Land Contract would signify that the buyer has completed all payment obligations and is entitled to full ownership of the property.
Here’s a breakdown of the form, as well as the codes, laws, and statutes that might affect the release:
Key Elements of a PA Full Release of Installment Land Contract Form
Parties:
Seller (Vendor)
Buyer (Vendee)
Property Description: A detailed legal description of the property, including address, parcel number, and any other identifiers.
Contract Date and Installment Details: The date the installment land contract was originally signed, and a reference to the payment terms.
Statement of Satisfaction: A clause that acknowledges that the buyer has fulfilled their payment obligations under the original contract.
Release of Interest: A statement in which the seller releases all rights, claims, and interests in the property, transferring full ownership to the buyer.
Recording: The release should be recorded with the local county recorder’s office where the property is located to give public notice that the installment land contract has been fully satisfied.
Relevant Pennsylvania Codes, Laws, and Statutes
Installment Sales Contracts:
Pennsylvania law recognizes installment contracts, but there are no specific statutory provisions in the Pennsylvania Code dedicated exclusively to installment land contracts. However, they are generally governed by contract law under:
Pennsylvania Uniform Written Obligations Act (68 Pa. Stat. § 250.201): This law supports the enforceability of written contracts, such as an installment land contract.
Statute of Frauds (33 Pa. Stat. § 1): Requires contracts for the sale of real estate to be in writing and signed by the party to be charged, making it relevant to the installment land contract.
Real Estate and Property Law:
Pennsylvania Real Estate Licensing and Registration Act (63 P.S. § 455.101 et seq.): Regulates real estate transactions and is relevant if a licensed broker or agent was involved in the installment sale.
Title Transfer Laws (21 P.S. § 621 et seq.): When the installment contract is satisfied, the full transfer of the title must follow PA’s general procedures for real estate transfers.
Recording of Documents:
The recording statutes in Pennsylvania ensure that real estate documents like deeds and installment contracts (and their releases) must be recorded in the appropriate county recorder's office to establish a public record.
21 P.S. § 351 (Recording of Deeds and Other Instruments): Specifies that all deeds, conveyances, and agreements (like installment land contracts) affecting real estate need to be recorded.
Consumer Protection:
Unfair Trade Practices and Consumer Protection Law (73 P.S. § 201-1): If an installment land contract was entered into with deceptive practices, this statute provides protections for the buyer.
Default and Foreclosure:
If the buyer defaults before fully satisfying the installment contract, the seller may initiate a foreclosure-like process to regain possession of the property, but the specific procedures will depend on the terms of the contract.
Statutory Considerations for the Release:
Tax Implications: Upon full release, the buyer may need to ensure that all real estate taxes and transfer taxes are accounted for.
72 P.S. § 8101-C (Realty Transfer Tax Act): A transfer tax might apply when full title passes to the buyer after the fulfillment of the contract.
Zoning and Land Use Laws: Local zoning laws may affect the property's future use after the full release. Buyers should ensure compliance with any local zoning requirements.
Recording Costs: Fees for recording the full release document vary by county and should be paid at the time of filing with the recorder’s office.
Conclusion: A Full Release of Installment Land Contract in Pennsylvania legally transfers full title of a property from a seller to a buyer after all obligations have been met under the original contract. It is subject to the general principles of contract and real estate law, requiring proper recording to ensure clear title. Key Pennsylvania statutes, such as the Statute of Frauds, Recording Statutes, and Title Transfer Laws, affect the validity and execution of the release.
Important: Your property must be located in Mckean County to use these forms. Documents should be recorded at the office below.
This Full Release of Installment Land Contract meets all recording requirements specific to Mckean County.
Our Promise
The documents you receive here will meet, or exceed, the Mckean 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 Mckean County Full Release of Installment Land 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.
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May 16th, 2022
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Rhonda D.
February 24th, 2021
The boxes do not allow you to add the entire information. The after recording return to box would not let me add a zipcode.
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May 28th, 2019
Not clear information on ownership, which is what I wanted.
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May 31st, 2019
I got the form and guide just fine, but the "completed example" showed up as another blank form.
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