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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.
The only way to change the names listed on a mortgage is to refinance in the new borrowers names. If you divorce, for example, youll need to meet the qualifications to refinance the house in your name alone. If you want to add someone to your mortgage, youll both need to jointly qualify to refinance the mortgage.
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.
All counties in Illinois now have flat / fixed pricing to record the deed. Amounts vary from $54 to $98 depending on the county.
Temporary Transfer on Death Instruments Flat Fee is $50, the mail handling fee does not apply. For ALL other documents that are submitted via mail, you must include an additional $5 dollars for mail handling on top of the filing fee.
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People also ask

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
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.
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.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
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.

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