Potter County Full Release of Installment Land Contract Form

Potter 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.

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

Potter 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 Potter County documents included at no extra charge:
Where to Record Your Documents
Potter County Recorder of Deeds
Coudersport, Pennsylvania 16915
Hours: 8:30am to 4:30pm Monday through Friday
Phone: (814) 274-8370
Recording Tips for Potter County:
- Documents must be on 8.5 x 11 inch white paper
- Check margin requirements - usually 1-2 inches at top
- Make copies of your documents before recording - keep originals safe
- Recording fees may differ from what's posted online - verify current rates
- Some documents require witnesses in addition to notarization
Cities and Jurisdictions in Potter County
Properties in any of these areas use Potter County forms:
- Austin
- Coudersport
- Cross Fork
- Galeton
- Genesee
- Harrison Valley
- Mills
- Roulette
- Shinglehouse
- Ulysses
Hours, fees, requirements, and more for Potter County
How do I get my forms?
Forms are available for immediate download after payment. The Potter 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 Potter County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Potter 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 Potter 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 Potter County?
Recording fees in Potter County vary. Contact the recorder's office at (814) 274-8370 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 Potter 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 Potter County.
Our Promise
The documents you receive here will meet, or exceed, the Potter 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 Potter 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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December 10th, 2021
Your beneficiary deed sample contains a error of the LDPS designation. I copied the designation of LPDS instead of the correct designation
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February 6th, 2021
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February 11th, 2022
You could make instructions clearer on the download process and when download is complete. You could also group things together for 1 or 2 "big" downloads.
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April 12th, 2020
Super easy to download and Deeds dot com had the documents I was looking for and set up in a manner that the County Government office would accept. Nice! Thank you, Deeds!
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January 25th, 2022
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January 5th, 2019
Purchased the Warranty Deed package for $19.95 which included all the forms I needed including instructions and a sample form. Seamless transaction filing with our local county clerk's office - she even commented it was one of the best prepared packages she has seen. Thanks for saving me a ton of money!
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Stacie L.
April 1st, 2020
The deed is great. However, I do not believe your Statement of Full Consideration is up to date as it does not give the reference for an exemption on the Transfer on Death Deed.
Thank you Stacie. We'll take a look at those supplemental forms. Have a great day!
Michael S.
December 22nd, 2020
I was very impressed. I needed a Grant Deed that would comply with Calif. law. I haven't tried to record it yet, but I think it's spot-on. References to statutes very helpful. I'm a retired Idaho attorney, and my first attempt was politely rejected by the recorder. (documentary transfer fee exemption, etc.)
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January 31st, 2021
Great was not hard at all to do and process only wished it told how much it cost to actually submit the forms
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