Full question:
The attorney has prepared a quit claim deed from Step Mother to me but what does this paragraph means: "This property does not constitute the homestead of the Grantors and neither signature or spouse nor waiver of homestead exemption is required."
- Category: Real Property
- Subcategory: Homestead
- Date:
- State: Illinois
Answer:
The statement means that the property is not considered homestead property. Therefore, the signature or waiver from a non-owner spouse is not needed. When a homestead property is owned by one spouse, that spouse cannot sell it without the other spouse's consent. This law is in place to protect spouses and their homes. Since this property is not classified as homestead, this paragraph simply confirms that no additional signatures or waivers are required.
The statement means that the property is not considered homestead property. Therefore, the signature or waiver from a non-owner spouse is not needed. When a homestead property is owned by one spouse, that spouse cannot sell it without the other spouse's consent. This law is in place to protect spouses and their homes. Since this property is not classified as homestead, this paragraph simply confirms that no additional signatures or waivers are required.
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