Illinois Quit Claim Deed (All of Grantor's Interest)
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How to fill out Quit Claim Deed (All Of Grantor's Interest)?
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FAQ
Finally, the quitclaim deed is a deed that makes no warranties that the property has clean title. Essentially, it conveys only whatever interest the seller/grantor currently has in the property, if any, and makes no assurances as to good title.
The answer is deed. Deeds are used to convey any interest in real property. A deed of trust and mortgage create a lien interest but do not convey title. A bill of sale conveys personal property.
Quitclaim Deed This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made.
A quitclaim deed is a deed by which a grantor transfers only the interest the grantor has at the time the conveyance is executed.
Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee.
5 Steps to Prepare and Record an Illinois Quitclaim Deed Prepare the Quitclaim Deed. There are multiple types of tenancies. ... Prepare the Grantor / Grantee Statement. ... Acquire Local Municipal Transfer Stamps. ... Prepare the County & State Transfer Declaration. ... Recording the Quitclaim Deed with the County.
A quitclaim deed is a deed by which a grantor transfers only the interest the grantor has at the time the conveyance is executed. There are no implied warranties in connection with a quitclaim deed.
