Illinois Quit Claim Deed Form

This type of deed is most often used when the property is being given as a gift. That the deed must carry the legal name and mailing address of the grantor.

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The consideration if any paid for the property.

Illinois quit claim deed form. Being the deed type that does not offer warranties the contract should only be used among individuals who trust each other family and friends for example. A quit claim deed is a form for transferring interest ownership in property from one person the grantor to another the grantee. It makes no promises about whether the current owner has clear title to the property.

The quit claim deed offers zero protection to the buyer or receiver. Illinois quit claim deed the illinois quit claim deed transfers your interest in a property to a buyer. Therefore this type of deed less secure when compared to a general warranty deed or special limited warranty deed that guarantees the grantor is the.

Convey and quit claim to of bbbbbbbbb rxqw and the state of illinois all interest in the following described real estate situated in bbbbbbb rxqw in the state of illinois to wit. In illinois quit claim deeds are often used if the property is being transferred. The statutory requirements of the quitclaim deed form are outlined in section 765 ilcs 5 10.

Illinois quit claim deed form. This type of deed offers no protections to the buyer. The illinois quitclaim deed is used to convey real estate in illinois from one party to another however unlike a warranty deed the seller or grantor is not required to warrant the title to the property he is selling.

A quit claim deed or quitclaim transfers the ownership or rights of property from a grantor current owner to a grantee new owner this type of deed makes no guarantees if there are any other owners other than the grantor. It is one of the two 2 main deed types for property transfers the other being the warranty deed the quit claim deed is different than the warranty deed in that it offers little to no protection for the individual s receiving the property in that the property. The illinois quit claim deed simply transfers whatever rights the holder has to the property.

They state the following. The illinois quit claim deed is the state official form for both transferring interest in real property and making corrections to an existing deed. The quit claim deed must be notarized.

The illinois quit claim deed is used to transfer ownership of real estate from one party to another. The legal name and the mailing address of the grantee. Most deed disputes involve a quit claim deed.

In other words he or she will not guarantee that they own the property or that they have clear title to the property or that they have the authority to sell the property. Both you and the buyer will be required to show a valid form of identification to the notary. The illinois quit claim deed form gives the new owner whatever interest the current owner has in the property when the deed is signed and delivered.

Microsoft word quit claim deed blank form 2019 docx author.

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