Annotate Legal Illinois Deed Forms For Free

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.

Generally speaking, the quit claim deed must clearly identify the grantor and grantee, and state that one is conveying and quitting claim to the other. The form is also not complete and valid without a complete legal description of the property; all documents must be formatted properly, signed properly, and notarized.

Notary Service Chicago can notarize documents of conveyance, Quitclaim deed, passports & residential real estate documents authorized by a State-appointed Illinois Notary Public Official.

An Illinois deed is not valid unless it is signed as required by law. Illinois deeds must meet the following signature requirements: Grantor's signature. The current owner making the transfer must sign an Illinois deed while of legal age, of sound mind, and not under duress.

Both the seller and buyer must draft this contract with information regarding the land's legal descriptors as well as the agreed-upon purchase price. Upon coming to mutual terms, the parties must schedule a closing date in order to execute the contract and transfer any funds due at signing.

In addition to the signature of the grantor(s), deeds should be acknowledged. Even though Illinois law does not require acknowledgement, 765 ILCS 5/20 provides several ways to acknowledge a deed, including acknowledgement before a notary public.