Legal Question in Real Estate Law in Illinois
Request for Quitclaim Deed Information
I want to add my spouse to the deed on my condominium as a fifty/fifty ownership. I just refinanced it and was told to fill out a Quitclaim Deed. What verbage do I use to complete the legal description of property? Also, do I enter the entire amount of the refinanced loan under the sum of dollars section? Thank you...
2 Answers from Attorneys
Re: Request for Quitclaim Deed Information
It's obvious that you don't have the technical expertise to draft a simple Quit Claim Deed. Might I suggest that you spend $100 with a real estate lawyer to get it done right the first time, rather than taking the chance of screwing up the chain of title to a point where it will be ten times as expensive to fix later?
Re: Request for Quitclaim Deed Information
It is a little dangerous to mess with deeds if you don't know what you are doing, however, if you choose not to get a lawyer, the legal description you will obtain by taking the PIN number to the County and asking for the legal description - you should compare it to all other relevant documents that you may already have (title policy, old deed, etc.)
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