I have been advised that in Illinois a Memorandom of Contract for deed can be…

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I have been advised that in Illinois a Memorandom of Contract for deed can be notorized and recorded
in place of the CFD as long as both parties have a signed,dated,notorized copy of the contract in their possesion. If this is so, does it have to include the purchase price of the residential property?
Thank You,
Mike Winzeler

2 thoughts on “I have been advised that in Illinois a Memorandom of Contract for deed can be…”

  1. No.

    In Illinois its called articles of agreement for deed. The articles are recorded. You can, but do not need duplicate originals

    Joseph Michelotti
    Michelotti & Associates, Ltd.
    1200 Jorie Blvd. Suite 329
    Oak Brook, IL 60523

  2. In addition to Mr. Michelotti’s comments, you do not need to put the purchase price in what you record.

    Burton Padove
    Indiana and Illinois Lawyer, Burton A. Padove
    2327 45th Street, Suite B
    Highland, IN 46322

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