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Warranty Deed from Individual to Corporation - Illinois

Warranty Deed from Individual to Corporation - Illinois 2025

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The document is a Warranty Deed that facilitates the transfer of real estate from an individual (the Grantor) to a corporation (the Grantee) in Illinois. It outlines the terms of the conveyance, including the acknowledgment of receipt of consideration, legal descriptions of the property, and assurances regarding the title's validity. The deed also includes provisions for waiving homestead rights and mentions any easements or mineral reservations associated with the property.

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What is an Illinois warranty deed?

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.

What is the difference between a special warranty deed and a warranty deed in Illinois?

While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.

How do I transfer a warranty deed?

Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.

Who prepares warranty deed?

Who Prepares a Warranty Deed? As a buyer, the grantee, you can hire a real estate lawyer to help you get a warranty deed. However, as a seller, the grantor, you can simply use an online warranty deed template. A warranty deed is generally obtainable through the office of a real estate agent or using an online template.

How to obtain a warranty deed in Illinois?

How Do I Get a Warranty Deed in Illinois? In most cases, property owners turn to a real estate attorney to complete a warranty deed in the state of Illinois. While warranty deeds can be created on your own, they must comply with legal requirements and include the necessary language to make them official.

Does an attorney have to prepare a deed in Illinois?

Laypersons may conduct real estate closings, but may not answer legal questions that arise at the closing, or offer any legal advice to the parties. However, preparation of deeds and mortgages constitutes the practice of law and must be prepared by an attorney.

How can I get the warranty deed for my property?

How do I get a warranty deed? You can get a warranty deed from your real estate agent. The warranty deed should include all the important details surrounding the real estate transaction (names of people involved, appropriate signatures, description of the property, etc.).

What is a corporate warranty deed?

A warranty deed holds the seller, or grantor, responsible for any breach after the title search, even if the breach occurred without their knowledge or during a period before the grantor owned the property. It ensures that the buyer will not be responsible for any past title defects or encumbrances.

Warranty Deed from Individual to Corporation - Illinois 2025

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