
Illinois Warranty Deed Form


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People also ask
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Who benefits the most from a warranty deed?
Who Benefits the Most from Recording a Warranty Deed? 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.
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How to get a copy of a deed in Illinois?
3 ways: Copies can be obtained by picking them up at the Recorder's Office for $. 50 per page. Mailed to you by mailing us $. 50 per page along with a self addressed stamped envelope. Emailed copies are $. 75 per page and will be emailed when payment is received. ... Obtained through landrecords.net.
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What is the difference between a warranty deed and a quit claim deed in Illinois?
For example, the general warranty deed provides the highest protection level to the buyer, while the quitclaim deed often provides the least in an Illinois buyer protection.
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What is the main purpose of a warranty deed?
A warranty deed is a legal real estate document that protects the buyer and ensures that the seller holds a clear title to the property, has no outstanding liens or mortgages, and there will be no future claim to the title of the property.
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What is an Illinois warranty deed?
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.
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Are deeds public records in Illinois?
These records are available for public inspection as dictated by State Statute. The office provides the necessary equipment to search for and print copies of the documents on file. While it is free to examine these documents while in the office, if you choose to make a copy to take with you, a fee will be charged.
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What are the disadvantages of a quit claim deed?
Quit claim deeds don't provide protection against title defects. The grantor transfers only whatever interest they possess, if any, leaving the grantee exposed to potential future challenges.
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Does an attorney have to prepare a deed in Illinois?
Your next question may be “Do I need a lawyer to prepare and file this deed?” While you don't necessarily NEED a lawyer to prepare the deed, there are several reasons why you should engage a lawyer to assist with any property transfer, including transfer by quitclaim deed.
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