97-15 AUTHORIZING SALE OF LAND - Laserfiche WebLink

Home Browse Search

� � � Illinois Department of Revenue For Use By County Reconder�S on� County Local Government Services Bureau REAL ESTATE TRANSFER DECLARATION �ate THE FOLLOWING INFORMATION IS REQUIRED 8Y THE REAL ESTATE TRANSFER TAX A(.T(CHAP. DOC. N0. 120,PAR.1003,IL REV.STAT.).PAGES 1 THROUGH 3 ARE TO BE FILLED OUT BY THE SELLERS' AND BUYERS'OR THEIR AGENTS.ANY WILIFUL FALSIFICATION OR WILLFUL OMISSION OF INFORMATION IS A CLASS B MISDEMEANOR(CHAP.120,PAR.1005,IL REV.STAT.). V01. EXCEPT AS TO EXEMPf TRANSACTIONS,THE COUNTY RECORDER IS PROHIBITED BY LAW FROM ACCEPTING ANY DEED OR TRANSFER OF BENEFICIAL INTEREST OF A LAND TRUST page (TRUST DOCUMElVT)FOR RECORDATION UNLESS IT IS ACCOMPANIED 8Y THIS DECLARA- TION CONTAINING ALL OF THE INFORMATION REQUESTED HEREIN(CHAP.120,PAR.1003, IL REV.STAT.). Rec'd. By: PROPERTY IDENTIFICATION Address of Property North 22nd Street Decatur Decatur • Street City or Viliage Township Permanent Real Estate Index No. None Assigned Date of Deed 3/97 Enter Legal Description on Page 2 of this form. IaT�+s�oaa,m�) (Month/Year) NOTICE: The State of Illinois has enacted a Smoke Detector Act. Type of Deed 4uit Claim (a Trust Dowment) PROPERTY CHARACTERISTICS SALE INFORMATION (The following questions must be answered.) l.ot Size 30 ' x 445.41 ' ' NOTE:You do not have to complete the Finance Questions at the bottom of this page or the Finance Schedule at the top of pages 2 and 3 of this form,'rf you answer any of the following questions"Yes': Atreage Yes No Chetk type Of improvement Orl prOpePty 1. Is this a transfer between relatives or related parties? ❑ � �VaCant land/lOt 2. Is this a compulsory transaction in lieu of foreclosure, ❑ Residence(Single family or duplex) diwrce,court order,condemnation,probate,etc.? � k� ❑ Mobile home(see note on page 2) 3. Was this a transfer in settlement of an installment contract ❑Apartment bldg. (6 units or less) for deed initiated pria to the year of recording? O � ❑ Commercial apartment(Over 6 units) If"Yes",enter contract year ❑ Store, offite, tommercial bldg. SPECIAL NOrE If contract yrar is the same as yiear of recording,answer this question "No': � Industrial bldg. 4. Was the deed any of the following types: 7�] 0 ❑ Farm, land Only •Sheriff's Deed •Judge's Deed •Quit Claim Deed •Conveyance of less than full Interest ❑ Ferm, with bldgs. •Trust Daument which Refers to COLLATERAL ASSIGNMENT of Beneficial Interest of Trust ❑Other S eci TERMS OF SALE Full Actual Consideration (Sale Price) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,050.00 Less amount of personal property included in purchase (Do not deduct value ot beneficial interest oi a land trust.) $ Net consideration for real property . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . : . . . . $ 3,0 5 0.0 0 Less value of other real property transferred to seller as part of full consideration . . . . . . . . . . $ Less outstanding amount of mortgage to which the transferred real property remains subject . . $ i Net taxable consideration subject to transfer tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,050.00 CALCULATION OF TRANSFER TAX Amount of State of Illinois tax stamps ($.50 per $500 or part thereof of taxable consideration) . $ N/A Amount of county tax stamps ($.25 per $500 or part thereof of taxable considera#ion) . . . . . . . $ N/A Total Transfer Tax Collected $ N/A se t is space to escn e any specia arcumstances �nvo ving t is transaction: Exempt under provisions of Paragraph b, Section 31-45, Property Tax Code (35 ILCS 200/31-45) . FINANCE QUESTIONS: If the answer is"No"to all of the above Sale Information questions,ALL of the following questions must be answered.If any of the I questions below are answered "Yes"the buyer'or buyer's' representative MUST complete the Finance Schedule on the top of pages 2 and 3. � Yes No If FINANCE QUESTIONS 1. Dces property REMAIN SUBJECT to a mortgage such as an assumed mortgage? O ❑ 1 through 5 2. Did the seller' provide a mortgage in partial or full considerotion? p ❑ are answered ��NO��, 3. Did the seller' pay points to secure the buyer's' mortgage,including VA and FHA insured loans? O O � N��p�� 4. Did the seller's' mort • Finance Schedule interest rate below ma ke b take interest concessions to the buyer ,i.e.,oNer�a"blended" greater than the seller's existing mortgage rote. O O 0�1 �e5 2 a� 3. 5. Was the financing in any other manner unique or specifically assotiated with the property being transferred,e.g.,builder"buy down"oi interest,etc.? ❑ p PTAX•203(R-10/91) If this transaction is a transfer of a beneficial interest oi a ta�d trust,substitute the word Assignor fa Selkr and Assi�ee ta Buyec IL�492-0027 Page 1 ot 4