Illinois Quit Claim Deed Form Cook County

State:
Illinois
Control #:
IL-01-83
Format:
Word; 
Rich Text
Instant download

Description

The Illinois Quit Claim Deed Form for Cook County is a legal document used to transfer property ownership from one individual (the grantor) to another (the grantee) without guaranteeing the title. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate transactions, as it simplifies the process of conveying property. Key features of the form include sections for the legal description of the property, reservations, exceptions, and a clear statement of the rights and responsibilities of both parties. Users can complete the form digitally via form fields, enhancing efficiency in filling out the required details. It is important to review the Illinois Property Tax Code for potential exemptions from transfer tax when using this form. Users should ensure compliance with local regulations, including the need for a notary public's acknowledgment. The form may also facilitate estate planning, particularly for individuals wanting to pass property to heirs while retaining control during their lifetime. Overall, this form serves as a streamlined solution for property transfers in Cook County, offering clarity and simplicity for users with varying levels of legal experience.
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  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual
  • Preview Lady Bird or Enhanced Life Estate Deed - Individual to Individual

How to fill out Illinois Lady Bird Or Enhanced Life Estate Deed - Individual To Individual?

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FAQ

The primary method for transferring Illinois real estate is for the current owner to create and record a deed. An Illinois deed transfers property from one or more current owners (grantors) to one or more new owners (grantees).

In order to file a deed in Cook County, the necessary documents are as follows: (1) Tax Declaration (MyDec); (2) Tax Stamps (or ?Zero Stamps? if an exempt transfer); (3) A Grantor/Grantee Affidavit (exempt transfers); (4) The Deed to be Filed (which must contain PIN number, complete legal description, commonly known ...

If you're preparing the quitclaim deed yourself, make sure to enter the property description just as it appears on an older deed of the property. If you can't find an old deed, check with the County Recorder of Deeds in the county where the property is located. They can tell you where to get a copy of an earlier deed.

Form PTAX-203, Illinois Real Estate Transfer Declaration, is completed by the buyer and seller and filed at the county in which the property is located. Form PTAX-203-A, Illinois Real Estate Transfer Declaration Supplemental Form A, is used for non-residential property with a sale price over $1 million.

LEGAL FEES - ILLINOIS QUIT CLAIM DEEDS The fee is $150 (or $160 if paid by credit card). It will be your responsibility to get the transfer stamps (if necessary) and get the deed recorded with the County Recorder. There is nothing legal about obtaining the municipal stamp and recording the deed.

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Illinois Quit Claim Deed Form Cook County