in illinois, a quitclaim deed is a legal document used to convey the interest of a property from the seller to the buyer without a guarantee that the property title is clean. generally, this type of document or agreement is used between family members or in case of divorce, however, regardless of the situation, the seller should always conduct a thorough title search to ensure that the property has no major encumbrances.
transfer tax declaration – in the state of illinois, a transfer tax must be paid either before the quitclaim deed is filed, or at the time of its filing (form ptax-203) recording – a quitclaim deed in illinois is to be filed with the appropriate county recorder’s office, along with the appropriate fees (if they haven’t already been paid). to file an illinois quitclaim deed form, you must bring your signed and notarized quitclaim deed to the county recorder’s office in the county where the property is located.
quitclaim deed form requirements for illinois 765 ilcs 5/10 contains the basic statutory form and requirements for a quitclaim deed. further, 765 ilcs 5/27 provides that if the quit claim deed is conveying a property identified as a homestead, both the grantor and his/her spouse must sign, regardless of whether or not the spouse holds title to the land. if the grantor is married and the real estate is not a homestead, include a comment to that effect. * the top right of the first page should have a blank space measuring 3″ x 5″ for the recorder’s use. * print the quit claim deed on individual sheets of business-sized (8″ x 11″) paper that is not stapled or otherwise permanently bound. * to record the deed properly, submit it to the recorder for the county where the land is situated.
in short, recording the deed as soon as possible after executing it is the best way to protect the interests of all involved parties. in the end it all worked out very, very good. now all we have to do is go to ups and sign it. got what i needed and i’m not the brightest bulb in the box when it comes to this interwebz stuff. you understand and agree that your purchase and/or use of a form document is neither legal advice nor the practice of law, and that each form and any applicable instructions or guidance is not customized to your particular needs, not guaranteed or warranted to be current, up to date, or accurate. do it yourself legal forms available on our website are not guaranteed to be usable, correct, up to date, or fit for any legal purpose. to the extent the foregoing limitation of liability is prohibited, our sole obligation to you for damages will be limited to $100.00.
a quit claim deed, or “quitclaim,” transfers the ownership and rights of a property with no guarantees from a grantor (“seller”) to a grantee (“buyer”). the illinois quitclaim deed is used to convey real estate in illinois from one party to another. however, unlike a warranty deed, in illinois, a quitclaim deed is a legal document used to convey the interest of a property from the seller to the buyer without a guarantee that the, .
use our illinois quitclaim deed to release ownership rights over real property. attorney-drafted form & easy “how to write & sign” guide. quit claim deed. caution: consult a lawyer before using or acting under this form. neither. the publisher nor the seller of this form makes any warranty deed packet – quitclaim (pdf) – this packet features fee schedule, a blank deed form is included, however your deed may also require a plat act, .
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