Deeds
When it comes to real estate transactions, a properly notarized deed is essential. At Elite Notary Agency, we have extensive experience in performing deed notarizations, working closely with title companies and realtors. Our expertise ensures fast, convenient, and time-saving service, so you can confidently complete your property transfer with ease. Trust us to handle the notarization process efficiently, allowing you to focus on the exciting journey of buying or selling real estate.
In the realm of real estate in Illinois, the transfer of ownership is accomplished through a powerful instrument known as a Deed. This document serves as the gateway to bestow property from current owners (grantors) to new owners (grantees), facilitating the seamless exchange of assets. With our expertise in deed notarization, Elite Notary Agency empowers property transactions by ensuring the legality and validity of these crucial transfers. Trust us to navigate the intricacies of real estate documentation, allowing you to embark on your property journey with confidence.
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Before creating a deed, it is helpful to have a copy of the most recent deed to the property (the deed that transferred the property to the current grantor). You will need information from this deed, including the legal description and the exact way that the current grantor’s name was worded on the prior deed.
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The next step is to create a new deed that meets the requirements of Illinois law. Because these requirements are state-specific, it's best to consult with your realtor or real estate attorney.
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Each grantor must sign the new deed and have his or her signature witnessed by a notary public, who must acknowledge the deed. In some situations, the grantor’s spouse may also be required to sign the deed.
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The final step is to record the deed in the land records of the Illinois county where the property is located. Recording costs and any Illinois real estate transfer taxes owed must be paid when the deed is recorded.
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Used to transfer any ownership that someone (the grantor) has in a piece of property to another party (the grantee), without providing a warranty. The grantor does not guarantee there are no other claims to the property in existence. This is the main reason that Quitclaim Deeds are mostly used to transfer property between family members and spouses.
Notarize A Quitclaim Deed Here
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A document where the borrower transfers the legal title for its property to a trustee who holds the property in trust as security for the payment of the debt to the lender.
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A legal document used to transfer ownership of real property. The grantor is the person transferring the property, and each grantor must sign the deed.
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Different types of warranty deeds are used to offer various legal protections to the grantor in the event that there’s a problem or defect with the title once it’s been transferred. Warranty deeds come with different levels of protection and are split into two categories: General Warranty Deeds and Special Warranty Deeds.
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A bargain and sale deed typically accompanies homes sold at foreclosure. This type of deed transfers title to the new owner, but it does not warrant against encumbrances. Homeowners who purchase a foreclosed home with a bargain and sale deed may encounter tax liens, problematic easements, or third-party claims to the title. In most cases where this deed is used, a title search and title insurance are recommended.
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A mortgage deed works similarly to a deed of trust except that it features 2 parties, the lender and borrower. In these cases, the title in the property is split evenly between the lender and the borrower until the mortgage is paid in full. At that point, the title goes exclusively to the homeowner, who no longer owes any debt.
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