Statement Grantee Form PDF Details

When navigating the complexities of real estate transfers, certain documents play pivotal roles in ensuring the legality and smooth progression of property transactions. Among these critical documents is the Statement by Grantor and Grantee form, a vital piece of the transaction puzzle in places like Illinois. This form serves as a declaration by both the grantor (the person selling or transferring the property) and the grantee (the person receiving the property) regarding the legal entitlement and capability of the grantee to hold title to real estate within the state. It underscores the necessity for the grantee, whether an individual, corporation, partnership, or other recognized entities, to be duly authorized to engage in real estate transactions and hold property in Illinois. Crucially, this form acts as a sworn affirmation, made before a notary public, that all information regarding the grantee's identity and legal standing is accurate and true. Incorporating strict penalties for misinformation, it emphasizes the importance of honesty and accuracy in the real estate transfer process. This assurance is not just procedural but serves as a safeguard against fraud, ensuring that all parties involved in the transfer are legitimate and authorized to participate in such transactions under Illinois law. Whether attached to a deed or an Assignment of Beneficial Interest (ABI) in a land trust, especially in specific counties like Cook County, the Statement by Grantor and Grantee form is an indispensable tool in maintaining the integrity and legality of real estate transactions.

QuestionAnswer
Form NameStatement Grantee Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesstatement by grantor and grantee, illinois grantor grantee, statement by grantor grantee, il grantor grantee

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First American Title I nsurance Company 27775 Diehl Road

Warrenville, I L 60555

STATEMENT BY GRANTOR AND GRANTEE

The grantor or his agent affirms that, to the best of his knowledge, the name of the grantee shown on the deed or assignment of beneficial interest in a land trust is either a natural person, an I llinois corporation or foreign corporation authorized to do business or acquire and hold title to real estate in I llinois, a partnership authorized to do business or acquire and hold title to real estate in I llinois, or other entity recognized as a person and authorized to do business or acquire title to real estate under the laws of the State of I llinois.

Dated _____________________

Signature___________________________________________

 

Grantor or Agent

Subscribed and sworn to before me by the said __________________________ affiant

this ______________________ day of _______________________, _______________.

Notary Public ____________________________________________________________

The grantee or his agent affirms and verifies that the name of the grantee shown on the deed or assignment of beneficial interest in a land trust is either a natural person, an I llinois corporation or foreign corporation authorized to do business or acquire and hold title to real estate in I llinois, a partnership authorized to do business or acquire and hold title to real estate in I llinois, or other entity recognized as a person and authorized to do business or acquire and hold title to real estate under the laws of the State of I llinois.

Dated _____________________

Signature___________________________________________

 

Grantor or Agent

Subscribed and sworn to before me by the said __________________________ affiant

this ______________________ day of _______________________, _______________.

Notary Public ____________________________________________________________

Note: Any person who knowingly submits a false statement concerning the identity of the grantee shall be guilty of a Class C misdemeanor for the first offense and of a Class A misdemeanor for subsequent offenses.

(Attach to deed or ABI to be recorded in Cook County, I llinois, if exempt under the provisions of Section 4 of the I llinois Real Estate Transfer Tax Act .)

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