Serving Illinois. Your appointment must be handled by an Illinois-commissioned notary.
Mortgage - Illinois
Illinois · Fillable PDF · Free
Illinois real estate loans are secured by a mortgage. This form follows the statutory short form in the Illinois Mortgage Act, including the homestead waiver. Use it for a private, family, or seller-financed loan. Secure a private, family or seller-financed loan against Illinois real estate.
Secure a private, family or seller-financed loan against Illinois real estate.
Illinois real estate loans are secured by a mortgage. This form follows the statutory short form in the Illinois Mortgage Act, including the homestead waiver. Use it for a private, family, or seller-financed loan.
What you'll need
Read this packet and check the receiving agency's required form.
Gather the names, dates and supporting records requested in the document.
Bring acceptable identification for any required notarial act.
How to complete it
Fill in the top boxes (Page 1) Enter who prepared the document and where to mail it after recording. Leave the large box at the top right blank for the recorder.
Parties and loan (Page 1) Name the mortgagor (borrower) and mortgagee (lender), and enter the loan details.
Property and signing (Page 2) Copy the legal description and PIN. Each mortgagor signs before a notary with a current, government-issued photo ID.
Record the original with the County Recorder (Cook County: the Clerk’s Recordings Division) where the property is located.
When the loan is paid, the lender records a Release of Mortgage. We have a free Illinois form.
Pair it with a signed Promissory Note. Consumer and residential loans have additional rules; talk to an attorney.
A promissory note is a written promise to repay a loan, such as a loan between family members or friends, with the interest rate and payment schedule spelled out.
When a loan secured by Illinois real estate is paid off, the lender or holder signs a release so the public records show the mortgage or lien is gone. Private lenders and seller-financed loans often need it.
These forms are a free convenience, not legal advice. First Choice Mobile Notary & Apostille is not a law firm. Consult an attorney licensed in the relevant state for legal questions.