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The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants.

A special warranty deed provides limited warranties, focusing on the grantor's actions during their ownership, while a general warranty deed offers broader warranties, covering not only the grantor's ownership but also previous owners and potential title defects.

How to Create an Illinois Warranty Deed Form The names and address of the current owner and new owner; An accurate legal description of the real estate; A statement of consideration; and. Addresses for return of the recorded deed and for future tax statements (often the same address).

A property deed is usually one or two pages long, and the contents depend on what type of deed it is (more on that below), as well as the property type and location.

The deed's language will communicate that the seller is the rightful property owner and that they indeed have the right to sell the real estate. It will also relay that no third parties have a claim to the title and that the property will be transferred unencumbered to the new owner.

While the Illinois court does not require parties to use a lawyer to create or validate a deed, an attorney can ensure parties follow the deed requirements and certify the grantee accepts a valid deed.

A warranty deed that transfers title to real estate from a grantor to a grantee. In Illinois, a warranty deed transfers title to the grantee with broad warranties and covenants of title and is the form of deed customarily used in residential real estate transactions.

A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete ?chain of ownership?; and.

California mainly uses two types of deeds: the grant deed and the quitclaim deed. Most other deeds you will see, such as the common interspousal transfer deed, are versions of grant or quitclaim deeds customized for specific circumstances.

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.