Illinois Quitclaim Deed

Instructions & Checklist for

Illinois Quitclaim Deed

[_] This packet includes:

(1) Instructions and Checklist for Quitclaim Deed;

(2) General Information about Quitclaim Deeds; and

(3) Illinois Quitclaim Deed

[_] The Grantor should date and sign the Quitclaim Deed before a Notary. Among other things, Notarization will allow the Quitclaim Deed to be recorded as a public record. Without filing, the Quitclaim Deed may not be effective against third parties.

[_] Documents referencing land should include a legal description of the land. Verify that the legal description is correct.

[_] A Quitclaim Deed may require other documents to be filed with it. Please check your local requirements with your local Recorder’s (or similar) office.

[_] Depending on the type of document, additional requirements may apply. Nonconforming documents may be returned unrecorded or may be charged additional fees

[_] This document must contain the name and address of the Grantee for tax billing purposes (Chap. 55 ILCS 5/3-5020) and name and address of the person preparing the instrument (Chap. 55 ILCS 5/3-5022).

[_] If the deed is executed in a county that has 3,000,000 or more inhabitants, and the property transferred in the deed is residential property, then the grantor must provide to the grantee an individual permanent index number the specifically represents that land conveyed in the deed.

[_] Please be sure to type or print all names below all signatures.

[_] These forms are not intended and are not a substitute for legal advice. These forms should only be a starting point for you and should not be used without consulting with an attorney first. An Attorney should be consulted before negotiating any document with another party.

[_] The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com

Information for Quitclaim Deed

This Quitclaim Deed form is used to convey an interest in real estate. A Quitclaim Deed does not include any promise or guarantee by the person making it (i.e. the Grantor) about the nature or quality of that interest, or even if any interest exists at all.

This type of deed may be useful in cases where a party is unable to transfer a fee simple estate or make promises about the title.

A buyer will rarely accept a Quitclaim Deed as the only form of conveyance when buying a property. Quitclaim deeds are mainly used in family situations or to correct possible technical defects in the title to the property. If you are a buyer taking a Quitclaim Deed, make sure that it satisfies your needs. Consult a real estate attorney and title insurance company to protect your interests.

These forms are not intended and are not a substitute for legal advice. These forms should only be a starting point for you and should not be used without consulting with an attorney first. An Attorney should be consulted before negotiating any document with another party.

The purchase and use of these forms is subject to the Disclaimers and Terms of Use found at findlegalforms.com