The Illinois Quitclaim Deed (Short Form) is a legal document used to transfer ownership or interest in a property in Illinois. It provides a simple and straightforward way to convey the interest a person has in a property without making any warranties or guarantees regarding the title. The Illinois Quitclaim Deed is commonly used when transferring ownership between family members, divorcing spouses, or parties who are familiar with each other and do not require extensive title assurance. It is also useful when correcting a minor title issue, such as removing a cloud on the title. The essential elements of an Illinois Quitclaim Deed (Short Form) include the names and addresses of both the granter (person transferring the interest) and the grantee (person receiving the interest), a legal description of the property, and the signature of the granter. The document must also be properly notarized to be considered valid. Different variations of the Illinois Quitclaim Deed (Short Form) may exist depending on the specific requirements of each county. Some counties may have their own unique form or additional requirements for the document to be accepted. It is important to consult the local county recorder's office or a qualified attorney to ensure compliance with any specific county guidelines. Keywords: Illinois Quitclaim Deed, Short Form, transfer ownership, convey interest in property, no warranties or guarantees, title assurance, transferring between family members, divorcing spouses, minor title issue, legal description of property, notarized, county-specific requirements, local county recorder's office.
Illinois Quitclaim Deed (Short Form)
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How to fill out Illinois Quitclaim Deed (Short Form)?
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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.
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 ...
Although a deed does not have to be recorded to be a valid conveyance, there are practical reasons for recording a deed. Deeds do not take effect as to creditors and subsequent purchasers without notice until the instrument is recorded.
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.
The fee for recording the vast majority of documents in Cook County is a flat $98.00. ing to the Cook County Recorder of Deed's Office, ?this ordinance will promote efficiency in the real estate markets as it will permit full and accurate disclosure of the fees associated with real estate transactions.
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.
You simply download a free form directly from your county clerk's website and submit it on your own. It can offer a property tax benefit. When you quitclaim a deed to another individual, you are no longer responsible for paying property taxes for that particular property.
To file an Illinois quitclaim deed form, you must bring your signed and notarized quitclaim deed to the County Recorder's office in the county where the property is located. Make sure that you also bring the required fees.
