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If the wifes name is not on the deed, it doesnt matter. Its still marital property because it was bought during the marriage. This makes it marital property and is still split between both parties. The wife is entitled to receive either equal share or equitable share of the house.
A general warranty deed transfers real property from the buyer to the seller with the guarantee that the seller holds clear, unencumbered legal title to the property.
One issue with using a quitclaim deed in a divorce case is that Illinois has homestead rights. In Illinois, homestead rights mean that spouses who use the property as their primary residence cannot be removed from the deed unless theres a court order or if the spouse waives their homestead rights.
If the wifes name is not on the deed, it doesnt matter. Its still marital property because it was bought during the marriage. This makes it marital property and is still split between both parties. The wife is entitled to receive either equal share or equitable share of the house.
Illinois recognizes homestead, meaning that the non-owner spouse is required to sign the deed selling, conveying, or encumbering any property considered a homestead. This is a form of ownership specifically created for spouses.
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An interspousal transfer deed, more technically called an interspousal transfer grant deed, is a legal document used to give sole ownership of shared property, such as a house, to one person in a marriage. They are commonly employed in divorce cases to transfer community property to one spouse.
What does a quitclaim deed do? A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property.
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.
What does a quitclaim deed do? A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property.
How to Write a Wyoming Quitclaim Deed Preparers name and address. Full name and mailing address of the person to whom the recorded deed should be sent. County where the real property is located. The consideration paid for the property. Grantors name and address. Grantees name and address.

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