Legal Question in Real Estate Law in Illinois
quit claim deed statutory
if the grantor of a mortgage where they are they are the only name on the mortgage, signs a quit claim deed to another individual, before a divorce, and it has not been filed in the county, can they have this claim voided? or has this grantor lost all rights to the property?
Asked on 4/29/07, 9:20 pm
2 Answers from Attorneys
Re: quit claim deed statutory
Depends on whether the property was homestead. If so, the wife has an interest. This may also depend on whether you knew he was disposing of assets in anticipation of his marriage.
Answered on 4/29/07, 11:55 pm
Thomas Moens
Moens Law Offices, Chartered
Re: quit claim deed statutory
Once you sign a quit claim deed, and deliver it to the grantee, you have given all interest you may have in the property to the grantee.
Answered on 5/01/07, 9:23 am