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The office of county recorder was created by the General Assembly in 1819. Recorders were charged with recording and filing all real estate deeds submitted to them, and with keeping a chronological entry book which listed them.
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.
by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.
Must contain the name of the person giving (Grantor) and the person receiving (Grantee). Must state in the document that you are conveying/granting/quitclaiming the property. Must have the correct property identification usually the legal description or at least the property address.
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.
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by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.
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.
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.
Warranty deeds are commonly used when selling residential, single-family property. Signing a warranty deed guarantees that the property being sold is legally yours to transfer, that its in the same condition as advertised, and that there are no undisclosed mortgages or liens tied to it.
765 ILCS 5/28. 55 ILCS 5/3-5018 details the fees that the recorder can charge for this service. Although a deed does not have to be recorded to be a valid conveyance, there are practical reasons for recording a deed.