Legal Question in Real Estate Law in Illinois

My grandmother owns a house that she has never lived in. She bought the house when I was a child for my family, but now we are all grown and my mother doesn't want the house. Now she wants to give the house to me. She just doesn't want it anymore because she doesn't want to pay for anymore upkeep to the house, such as repairs or taxes. No one currently lives in the house and back taxes are owed for 2008, and 2009 but the house is paid for with no mortgages or loans owed. I have made payment arrangements with the county for the taxes. We have filled out a quitclaim deed and had it notarized.
1st question is: what else needs to be filed with the Quitclaim deed for it to be valid?
2nd question is: will the owed taxes transfer over to my name or do they need to be paid before the quitclaim deed is considered valid?
3rd question is: will transfer taxes be due at the time the quitclaim deed is filed if there is a $0 purchase/sell price? Do the Michigan 207.526(k) exemption apply, since I am her granddaughter?

Asked on 4/16/11, 7:38 pm

Walter Palmer Law Office of Walter Palmer

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If you were in Illinois, I would say the deed needs to be filed with the Recorder of Deeds. I do not know about Michigan law.

Answered on 4/17/11, 4:37 am

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