There are two basic types of deeds: a warranty deed, which guarantees that the grantor owns title, and the quitclaim deed, which transfers only that interest in the real property which the grantor actually has. The only type of deed that creates "liability by reason of covenants of warranty" as to matters of record is a general warranty deed. A quit claim deed contains no warranties and the grantor does not have liability to the grantee for other recorded claims on the property. The grantee takes the property subject to existing taxes, assessments, liens, encumbrances, covenants, conditions, restrictions, rights of way and easements of record.
Trustee's Deed Vs Quit Claim Deed
State:
Illinois
Control #:
IL-01217BG
Format:
Word;
Rich Text
Instant download
Description Deed Trustee
Free preview Quitclaim Deed Trustees
How to fill out Illinois Quitclaim Contract?
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