Legal Question in Wills and Trusts in Illinois
Affidavit of Heirship
Lender has stated that an Affidavit of Heirship is required for any approval of a loan on a specific residential property.
When and how should such a document be entered at the county recorder�s office?
In other words, do I have the said Affiant bring the document to the recorder�s office before any loan application or transference occurs and does the document reference the property in question specifically or is it just recorded by stating the PIN of the property?
A Will does exist, should it be entered with the Affidavit of Heirship?
1 Answer from Attorneys
Re: Affidavit of Heirship
Your question's a little confusing. Are you purchasing property from an Estate? If that's the case the Seller/Seller's attorney should be doing all that stuff in concert with the title insurance company. What you've described sounds like you're purchasing from an Estate which is fairly typical.
Call/email if I can help. I'm guessing your not buying on behalf of an Estate so the party representing Estate needs to account for heirs, ect.
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