Chicago Illinois Warranty Deed from Individual to Individual

State:
Illinois
City:
Chicago
Control #:
IL-02-78
Format:
Word; 
Rich Text
Instant download

Description

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
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  • Preview Warranty Deed from Individual to Individual
  • Preview Warranty Deed from Individual to Individual
  • Preview Warranty Deed from Individual to Individual

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FAQ

Tax Rate: $5.25 per $500.00 of the transfer price, or fraction thereof, of the real property or the beneficial interest in real property. In general, The Buyer is responsible for $3.75 and the Seller is responsible for $1.50.

In Illinois, the real estate transfer process usually involves four steps: Locate the most recent deed to the property.Create the new deed.Sign and notarize the new deed.Record the deed in the Illinois land records.

In most cases, the fees will amount to between £100 and £500 +VAT. Your conveyancer may or may not include cover for additional charges within their service.

In Illinois, the real estate transfer process usually involves four steps: Locate the most recent deed to the property.Create the new deed.Sign and notarize the new deed.Record the deed in the Illinois land records.

Overview of Illinois Real Estate Transfer Tax State real estate transfer tax are imposed at a rate of $0.50 per $500 of value stated in the Transfer Tax Return. County real estate transfer tax are imposed at a rate of $0.25 per $500 of value stated in the Transfer Tax Return.

How Do Homeowners Add Spouses to Property Deeds? One of the most common ways property owners add spouses to real estate titles is by using quitclaim deeds. Once completed and filed, quitclaim deed forms effectually transfer a share of ownership from the owners, or grantors, to their spouses, or the grantees.

If you want to transfer real estate in Illinois to a relative or a friend, you might consider doing this yourself by using a quitclaim deed. A quitclaim deed in Illinois is often used to transfer property between close family members or trusted friends.

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Chicago Illinois Warranty Deed from Individual to Individual