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Real Estate

Warranty Deed

Illinois

Asked on Jun 1, 2022

CAN YOU TELL ME THE PROCEDURES OF A WARRANTY DEED

I RECIEVED A WARRANTY DEED IN THE MAIL AFTER THE SELLERS REFUSED TO SPEAK TO ME AFTER A FIRE OCCURED LAST YEAR

1 Attorney answer

Answer

Real Estate

Illinois

Answered 86 days ago

T. Phillip B.

ContractsCounsel verified

Business Lawyer
Licensed in Illinois
Free Consultation

Did you purchase the property before or after the fire? If before, did you have insurance? If after, what was the agreement you had with respect to the insurance proceeds the Seller was to receive? The Warranty Deed is what is offered when there is a transfer of real estate and the seller warrants ownership to another. Frequently this will also involve title insurance to back up the warranty deed if there were other claims against the property

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