Tell Me If I Am Right Or Need To Add More Documents

Comments(3)

• 
  arytkatz26th April, 2004

  Heyshid:
  Here's a list of forms I'm using in IL for sub2. You can get these forms in a bunch of places (I got mine from internet, county web sites and John Locke's manual), but I STRONGLY recommend you get a RE attorney to make sure they're legal in IL before using them.
  - Purchase and Sale Agreement
  - Affidavit (seller swears they deeded the property to you--a CYA document in addition to the deed)
  - Authorization for Insurance (like an POA to work with sellers ins. co.)
  - Authorization for Mortgage Info (in case you need it to deal with mtg co.)
  - IL Limited Power of Attorney
  - WARRANTY deed (Quitclaim deed is the weakest deed--it simply says the seller is turning over ANY interest he has in the property--which might be NONE! Warranty deed represents that the title is clear and warrantable).
  - IL PTAX203 Form--needed when recording your deed to pay the RE transfer taxes due--from the IL Revenue Dept. website
  - IL Seller Disclosure Form (I usually fill this out for my seller and have them sign it and I fill one out when I'm selling)
  - EPA Lead Paint warning/disclosure pamphlet (1978 and earlier houses).
  Andy

• 
  heyshid26th April, 2004

  Where do I get the lead Paint disclosure form and the Seller Disclosure Form?

• 
  heyshid26th April, 2004

  Ok im going to buy a Warranty Deed of of the Illinois legal contracts website, Which one should I buy?
  
  Warranty Deed - Corporate Grantor
  Warranty Deed - Husband and Wife as Grantors
  Warranty Deed - Husband as Grantor
  Warranty Deed - Individual as Grantor
  Warranty Deed - Two Individuals as Grantors
  Quitclaim Deed - Corporate Grantor
  Quitclaim Deed - Husband and Wife as Grantors
  Quitclaim Deed - Husband as Grantor
  Quitclaim Deed - Individual as Grantor
  Quitclaim Deed - Two Individuals as Grantors
  Warranty and Quitclaim Deeds to a Trust - Any type Grantor