To transfer real property from tax sales and foreclosures or sell the residential estate you own to your relative, consider using an Illinois Bargain and Sale Deed . This document will allow you to sell and buy real property - buildings, land, and related nonphysical rights - with all defects and third parties' claims to the estate in question, whether you act on your own, finalize the deal with a prospective co-owner, or work on behalf of the business. The Illinois Compiled Statutes oblige the parties to sign the deed in the presence of a public officer and record this agreement with the local county recorder to make sure the interests of creditors and future purchasers are respected.
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