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Warranty Deed from Husband and Wife to Corporation - Illinois

Warranty Deed from Husband and Wife to Corporation - Illinois 2025

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This document is a Warranty Deed transferring real estate from a husband and wife (the Grantors) to a corporation (the Grantee) for a nominal consideration of ten dollars. It includes legal descriptions of the property, acknowledges the release of homestead rights, and outlines the Grantors' covenants regarding the title. The document also contains sections for notarization and tax information.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the type of co ownership where property is held by a husband and wife who have an equal right to the property?

Joint tenancy means equal ownership and equal responsibilities among co-owners. The right of survivorship allows a surviving tenant to inherit the property automatically after another tenants death.

Can you sell a house with a warranty deed?

The warranty deed not only gives the grantor the legal right to sell the home but also confirms that the property has no title issues or concerns.

Does a warranty deed mean you own the property?

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

How do I add my wife to my warranty deed?

The simplest way to add a spouse to a deed is through a quitclaim deed. This type of deed transfers whatever ownership rights you have so that you and your spouse now become joint owners. No title search or complex transaction is necessary. The deed will list you as the grantor and you and your spouse as grantees.

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.

Can you transfer a warranty deed?

A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.

What are the disadvantages of a warranty deed?

Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.

Warranty Deed from Husband and Wife to Corporation - Illinois 2025

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