Grantor Grantee Statement For Illinois
Description
How to fill out Affidavit Regarding The Identity Of A Grantor And Grantee Of Real Property?
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FAQ
In Illinois, the property records are located at the county recorder. You can go there in person to conduct a search or you can check the county recorder's website to see if they offer online searching.
The transfer of ownership of real estate is a complex process. In fact, the Illinois Supreme Court has recognized that the preparation of a deed is considered the practice of law. This means that non-attorneys are barred from preparing deeds on behalf of anyone other than themselves.
The grantor or his agent affirms that, to the best of his knowledge, the name of the grantee shown on the deed or assignment of beneficial interest in a land trust is either a natural person, an Illinois corporation or foreign corporation authorized to do business or acquire and hold title to real estate in Illinois, a ...
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 ...
In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.