Legal Question in Real Estate Law in Illinois

REal Estate

If a property was quitclaimed from one party to another, can it be quit claimed back to the original grantor?


Asked on 8/05/08, 8:50 am

3 Answers from Attorneys
Thomas Moens Moens Law Offices, Chartered

Re: Real Estate

Sure, and then back again, and again. I have seen some properties change hands among three or four people so many times that it makes me think it was part of their poker winnings.

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Answered on 8/05/08, 10:16 am
Burton Padove Indiana and Illinois Lawyer, Burton A. Padove

Re: REal Estate

Sure

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Answered on 8/05/08, 12:44 pm
Nicholas Chrisos Nicholas G. Chrisos Attorney at Law

Re: REal Estate

Real Estate can be quitclaimed to anyone since the owner may in most cases do what s/he wants with it. But be careful of the tax consequences. The mechanics of it are easy, the implications are more complicated.

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Answered on 8/05/08, 12:49 pm


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