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Which of the following is a requirement for a valid deed in Illinois?

The basic requirements of a valid deed are (1) written instrument, (2) competent grantor, (3) identity of the grantee, (4) words of conveyance, (5) adequate description of the land, (6) consideration, (7) signature of grantor, (8) witnesses, and (9) delivery of the completed deed to the grantee.

Is Illinois a trust deed state?

Trust deeds are common in Alaska, Arizona, California, Colorado, Idaho, Illinois, Mississippi, Missouri, Montana, North Carolina, Tennessee, Texas, Virginia, and West Virginia.

What is an Illinois warranty deed?

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 it's in the same condition as advertised, and that there are no undisclosed mortgages or liens tied to it.

What is warranty deed Illinois statutory?

An Illinois statutory warranty deed allows the conveying of property from one person (\u201cgrantor\u201d) to another (\u201cgrantee\u201d). The deed is the grantor's promise that there is no one else who can make a claim on the title but does not promise any defects against that title prior to their ownership.

How much does it cost to file a quitclaim deed in Illinois?

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.

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