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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. First American Title Insurance Company 27775 Diehl Road Warrenville IL 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...
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How to fill out grantor grantee statement cook
Instructions for filling out statement grantor grantee:
01
Identify the grantor: The grantor is the individual or entity that is transferring ownership or rights to another party. Determine who is transferring the ownership or rights and note their full legal name.
02
Identify the grantee: The grantee is the individual or entity receiving the transferred ownership or rights. Determine who is receiving the ownership or rights and note their full legal name.
03
Provide necessary details: Fill in any required information about the transfer, such as the date of transfer, a description of the property or rights being transferred, and any conditions or limitations associated with the transfer.
04
Include signatures: Both the grantor and the grantee should sign the statement. This is to acknowledge their understanding and agreement to the transfer.
Who needs statement grantor grantee?
01
Legal professionals: Lawyers, attorneys, and legal advisors may require a statement grantor grantee to properly document and validate the transfer of ownership or rights between parties.
02
Real estate professionals: In the context of property transactions, real estate agents, brokers, and property managers may need a statement grantor grantee to record the transfer of property ownership.
03
Business entities: When a business entity transfers ownership or rights to another entity, they may need to provide a statement grantor grantee as part of the process.
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Individuals involved in estate planning: People engaged in estate planning, such as creating wills or trusts, may require a statement grantor grantee to ensure proper documentation and execution of asset transfers.
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Government agencies: Certain government agencies might need a statement grantor grantee as part of regulatory compliance or for record-keeping purposes.
Overall, anyone involved in a transfer of ownership or rights can benefit from having a statement grantor grantee, as it provides a clear and legally binding documentation of the transaction.
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