Chicago Deed Document

• Category: Illinois Real Estate - Deeds - Warranty
• State: Illinois
• City: Chicago
• Control #: IL-02-78
• Format: Word; Rich Text

Description chicago warranty deed

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. A Chicago Illinois Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real property from one individual (granter) to another individual (grantee) within the city of Chicago, Illinois. This type of deed provides a warranty or guarantee that the granter has a clear title to the property and has the legal authority to transfer ownership. The Chicago Illinois Warranty Deed from Individual to Individual includes important details such as the names and addresses of the granter and grantee, a detailed legal description of the property being transferred, and any encumbrances or liens affecting the property. The deed also mentions the consideration or payment made for the property, usually stated as a nominal amount like $10. There are a few different types of Chicago Illinois Warranty Deed from Individual to Individual, which are commonly used depending on the specific circumstances: 1. General Warranty Deed: This is the most common type of warranty deed used in Chicago, Illinois. It provides the broadest form of warranty, ensuring that the granter will defend the grantee against any claims or defects in title that may arise from previous owners. 2. Special Warranty Deed: This type of warranty deed guarantees that the granter will defend the grantee against any claims or defects in title that may arise only during the time the granter owned the property. It does not cover any issues that may have existed before the granter's ownership. 3. Quitclaim Deed: While not technically a warranty deed, a Quitclaim Deed is sometimes used in Chicago, Illinois for individual-to-individual transfers. Unlike warranty deeds, a quitclaim deed does not provide any warranties or guarantees as to the title. It simply transfers whatever interest the granter has in the property to the grantee. These different types of warranty deeds are used based on the level of protection both parties desire and the circumstances of the transfer of ownership. It is essential for both parties to carefully review the deed and seek legal advice if necessary to ensure a smooth and legally valid transfer of property ownership in Chicago, Illinois.

A Chicago Illinois Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real property from one individual (granter) to another individual (grantee) within the city of Chicago, Illinois. This type of deed provides a warranty or guarantee that the granter has a clear title to the property and has the legal authority to transfer ownership. The Chicago Illinois Warranty Deed from Individual to Individual includes important details such as the names and addresses of the granter and grantee, a detailed legal description of the property being transferred, and any encumbrances or liens affecting the property. The deed also mentions the consideration or payment made for the property, usually stated as a nominal amount like $10. There are a few different types of Chicago Illinois Warranty Deed from Individual to Individual, which are commonly used depending on the specific circumstances: 1. General Warranty Deed: This is the most common type of warranty deed used in Chicago, Illinois. It provides the broadest form of warranty, ensuring that the granter will defend the grantee against any claims or defects in title that may arise from previous owners. 2. Special Warranty Deed: This type of warranty deed guarantees that the granter will defend the grantee against any claims or defects in title that may arise only during the time the granter owned the property. It does not cover any issues that may have existed before the granter's ownership. 3. Quitclaim Deed: While not technically a warranty deed, a Quitclaim Deed is sometimes used in Chicago, Illinois for individual-to-individual transfers. Unlike warranty deeds, a quitclaim deed does not provide any warranties or guarantees as to the title. It simply transfers whatever interest the granter has in the property to the grantee. These different types of warranty deeds are used based on the level of protection both parties desire and the circumstances of the transfer of ownership. It is essential for both parties to carefully review the deed and seek legal advice if necessary to ensure a smooth and legally valid transfer of property ownership in Chicago, Illinois.