An Illinois warranty deed conveys real estate with a full warranty of clear title. It establishes that the seller is the rightful owner and that there are no unresolved title claims from previous owners. Warranty deeds offer the most buyer protection compared to other deed types, and are often required by lenders financing a real estate purchase.
An Illinois warranty deed conveys real estate with a full warranty of clear title. It establishes that the seller is the rightful owner and that there are no unresolved title claims from previous owners. Warranty deeds offer the most buyer protection compared to other deed types, and are often required by lenders financing a real estate purchase.
An Illinois warranty deed conveys real estate with a full warranty of clear title. It establishes that the seller is the rightful owner and that there are no unresolved title claims from previous owners. Warranty deeds offer the most buyer protection compared to other deed types, and are often required by lenders financing a real estate purchase.
Once prepared, the deed must be filed at the County Recorder’s Office (filing fees vary per county).[3]
Form PTAX-203 – Must be filed with every recorded deed (unless the property is exempt from the real estate transfer tax).[4]
Form PTAX-203-A – For non-residential transfers with a sale price exceeding $1 million.
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