Wayne County Installment Land Contract Form (Pennsylvania)
All Wayne County specific forms and documents listed below are included in your immediate download package:
Installment Land Contract Form
Fill in the blank Installment Land Contract form formatted to comply with all Pennsylvania recording and content requirements.
Included Wayne County compliant document last validated/updated 8/9/2024
Installment Land Contract Guide
Line by line guide explaining every blank on the Installment Land Contract form.
Included Wayne County compliant document last validated/updated 8/12/2024
Completed Example of the Installment Land Contract Document
Example of a properly completed Pennsylvania Installment Land Contract document for reference.
Included Wayne County compliant document last validated/updated 11/25/2024
Residential Sellers Property Disclosure Statement
Required for residential property sales
Included Wayne County compliant document last validated/updated 11/18/2024
Lead Based Paint Disclosure
Disclosure form issued to buyer if applicable, typically residential property built before 1978
Included Wayne County compliant document last validated/updated 12/2/2024
Protect your family from lead based paint
If applicable issue to buyers.
Included Wayne County compliant document last validated/updated 11/4/2024
The following Pennsylvania and Wayne County supplemental forms are included as a courtesy with your order:
When using these Installment Land Contract forms, the subject real estate must be physically located in Wayne County. The executed documents should then be recorded in the following office:
Wayne County Recorder of Deeds
925 Court St, Honesdale, Pennsylvania 18431
Hours: 8:30 to 4:30 Monday through Friday, however no papers will be accepted for recording after 4:00 PM.
Phone: (570) 253-5970 Ext. 4040
Local jurisdictions located in Wayne County include:
- Beach Lake
- Damascus
- Equinunk
- Gouldsboro
- Hamlin
- Honesdale
- Lake Ariel
- Lake Como
- Lakeville
- Lakewood
- Milanville
- Newfoundland
- Orson
- Pleasant Mount
- Poyntelle
- Preston Park
- Prompton
- South Canaan
- South Sterling
- Starlight
- Starrucca
- Sterling
- Tyler Hill
- Waymart
- White Mills
How long does it take to get my forms?
Forms are available immediately after submitting payment.
How do I get my forms, are they emailed?
Immediately after you submit payment, the Wayne County forms you order will be available for download directly from your account. You can then download the forms to your computer. If you do not already have an account, one will be created for you as part of the order process, and your login details will be provided to you. If you encounter any issues accessing your forms, please reach out to our support team for assistance. Forms are NOT emailed to you.
What does "validated/updated" mean?
This indicates the most recent date when at least one of the following occurred:
- Updated: The document was updated or changed to remain compliant.
- Validated: The document was examined by an attorney or staff, or it was successfully recorded in Wayne County using our eRecording service.
Are these forms guaranteed to be recordable in Wayne County?
Yes. Our form blanks are guaranteed to meet or exceed all formatting requirements set forth by Wayne County including margin requirements, content requirements, font and font size requirements.
Can the Installment Land Contract forms be re-used?
Yes. You can re-use the forms for your personal use. For example, if you have more than one property in Wayne County that you need to transfer you would only need to order our forms once for all of your properties in Wayne County.
What are supplemental forms?
Often when a deed is recorded, additional documents are required by Pennsylvania or Wayne County. These could be tax related, informational, or even as simple as a coversheet. Supplemental forms are provided for free with your order where available.
What type of files are the forms?
All of our Wayne County Installment Land Contract forms are PDFs. You will need to have or get Adobe Reader to use our forms. Adobe Reader is free software that most computers already have installed.
Do I need any special software to use these forms?
You will need to have Adobe Reader installed on your computer to use our forms. Adobe Reader is free software that most computers already have installed.
Do I have to enter all of my property information online?
No. The blank forms are downloaded to your computer and you fill them out there, at your convenience.
Can I save the completed form, email it to someone?
Yes, you can save your deed form at any point with your information in it. The forms can also be emailed, blank or complete, as attachments.
Are there any recurring fees involved?
No. Nothing to cancel, no memberships, no recurring fees.
Section 903 - Definitions; application of act
((a) As used in this act: (1) "Installment land contract" includes every executory contract for the purchase and sale of a dwelling situate in any city of the first class or county of the second class whereby the purchaser is obligated to make six or more installment payments to the seller after the execution of the contract and before the time appointed for the conveyance of title to the dwelling.)
This type of contract is used in several common applications:
1. Facilitating Home Purchases for Buyers with Poor Credit: Buyers who may not qualify for traditional mortgage financing due to poor credit history can use an installment land contract to purchase property. This allows them to improve their credit over time while making regular payments.
2. Providing Flexibility in Payment Terms: The terms of an installment land contract can be tailored to meet the needs of both the buyer and the seller. This includes the length of the contract, the amount of the down payment, and the schedule of payments.
3. Real Estate Investment: Investors can use installment land contracts to acquire properties with minimal upfront capital. They can then improve or lease the properties while making installment payments.
4. Transferring Property within Families: Families often use installment land contracts to transfer property between relatives. This method can be more flexible and less costly than traditional financing methods.
5. Selling Hard-to-Finance Properties: Sellers with properties that may not qualify for conventional financing due to condition or other factors can sell their properties using installment land contracts.
6. Retirement or Estate Planning: Older property owners can use installment land contracts to sell their property and receive a steady income stream during retirement, while still maintaining some control over the property until the contract is fulfilled.
7. Commercial Real Estate Transactions: Installment land contracts can be used for commercial properties, allowing businesses to acquire property with flexible financing arrangements.
8. Land Purchases: These contracts are commonly used for purchasing undeveloped land where traditional financing options may be limited.
9. Avoiding Foreclosure: Sellers facing foreclosure might opt for an installment land contract to quickly sell their property and avoid the negative impacts of foreclosure on their credit.
10. Tax Advantages: Sellers may benefit from certain tax advantages by spreading the capital gains over several years instead of realizing them all at once.
This Contract can be used for residential property, rental property, condominiums, vacant land and planned unit developments. It offers traditional installment payments with or without a balloon payment. A contract with stringent default terms can be beneficial in case of a default.
Our Promise
The documents you receive here will meet, or exceed, the Wayne 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 Wayne County 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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