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LEGAL FEES - ILLINOIS QUIT CLAIM DEEDS The most basic service that most people chose is for me to prepare the Illinois quitclaim deed and grantor/grantee statement for $150. With this option, it will be your responsibility to get the local transfer stamp (if required) and get the deed recorded with the County Recorder.
All counties in Illinois now have flat / fixed pricing to record the deed. Amounts vary from $54 to $98 depending on the county.
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.
LEGAL FEES - ILLINOIS QUIT CLAIM DEEDS The most basic service that most people chose is for me to prepare the Illinois quitclaim deed and grantor/grantee statement for $150. With this option, it will be your responsibility to get the local transfer stamp (if required) and get the deed recorded with the County Recorder.
If you want to add someones name onto your property title deeds, youll need to follow a process known as Transfer of Equity. Its quite straightforward, but there can be hurdles along the way, so its best to speak with one of our Conveyancing Solicitors who can guide you through the Transfer of Equity process.
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It usually takes four to six weeks to complete the legal processes involved in the transfer of title.
Before you file the deed, get a tax stamp from the local municipality where the property is located. When youre ready to file the deed, bring it to the County Recorder of Deeds, where they will stamp and file the deed. Youll have to pay a fee for recording, or filing, the deed.
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 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 Quit Claim Deed is required to clearly identify the grantor and grantee, the address of the property being transferred, a legal description of the property, the manner in which the grantee is taking title, a docHubd signature of the grantor, and the name and address of the party that has prepared the deed.

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