Illinois Sample Letter for Warranty Deed - Request for Signature
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How to fill out Sample Letter For Warranty Deed - Request For Signature?
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FAQ
In Illinois, a warranty deed transfers title to the grantee with broad warranties and covenants of title and is the form of deed customarily used in residential real estate transactions.
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.
The first common requirement is that the deed must be in writing and signed by the grantor(s). 765 ILCS 5/1.
All deeds in Illinois are legal documents and must be prepared by a licensed attorney. They may be self-prepared by a party to the deed under the Pro Se doctrine. ?Pro Se? is to act as one's own attorney without legal counsel.
Illinois deeds must meet the following content requirements: Current owner (grantor) and new owner (grantee) name and address. An Illinois deed that transfers title to real estate must include on the face of the document the names and addresses of the current owner and the new owner. Granting clause.
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.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
In Illinois, a special warranty deed transfers title to the grantee with limited warranties and covenants of title and is the form of deed customarily used in commercial real estate transactions.
