What Are the Requirements of a Valid Quit Claim Deed?Ī 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 notarized signature of the grantor, and the name and address of the party that has prepared the deed. When is it Appropriate to Use a Quit Claim Deed?Ī Quit Claim Deed is appropriate when you are releasing any interest that you may have in a property without guaranteeing the quality or condition of the property’s title. It is an instrument which is used to transfer a legal interest in a property from one entity to another. WhatDoes a Quit Claim Deed Do?Ī QCD conveys and releases a party’s ownership interest in a property. WhatIs a Quit Claim Deed?Ī Quit Claim Deed (QCD) is a legal instrument that describes a property and identifies the legal owner of that property as well as the way title is held. The most frequent deed that is used is a Quit Claim Deed. There are several types of deeds that can be used in Illinois. In order to transfer an ownership interest in a piece of real property, the grantor will need to execute a deed.
What Happens if Someone Records a Separate Quit Claim Deed Before I Record Mine?.
In this article we will be discussing Quit Claim Deeds and answer the frequently asked questions of:
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