![]() ![]() ![]() Using a quitclaim deed makes a title search unnecessary. Quitclaim deeds are often used in divorces when one spouse is giving up their share of the house to the other spouse. Quitclaim deed in Illinois as a result of divorce This is why quitclaim deeds are usually used between people who know and trust each other. And you can't sue the grantor because they're not giving any guarantees. If they don't really own the property, then you'll receive nothing. With a quitclaim deed, when you're getting the property, you're only getting what the grantor actually owns. However, there are other requirements that accompany filing the quitclaim deed, such as the Illinois Real Estate Transfer Declaration (described below), of which you'll need to be aware.Ī quitclaim deed requires trust on the part of the person receiving the deed, because the person transferring it, also known as the grantor, isn't guaranteeing they actually own the property. It's relatively easy to prepare, although you may prefer to have an online service provider handle it for you instead.Ī quitclaim deed in Illinois is easier to prepare than other deeds because the form itself is pretty simple to complete, and it doesn't require the expensive and time-consuming title search that other types of deeds usually do. A quitclaim deed in Illinois is often used to transfer property between close family members or trusted friends. If you want to transfer real estate in Illinois to a relative or a friend, you might consider doing this yourself by using a quitclaim deed. ![]()
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