Deadlines for filing a quit-claim deed... HB 4698
For those interested in timing requirements on their mechaninc's liens and those having had the arduous experience of title searches or property transfers recorded but not appearing of record during the process, the Illinois House Bill 4698 may come as a welcome relief. HB 4698 proposes a change to the Conveyances Act and the Counties Code, which, if enacted would require, not only that deeds be filed within 7 days of execution, but would also require that any party with an interest in the property be notified of the deed as well.
Previously, the recorders office only sent notice to the previous owner of record. Now, with recorders sending notice to any "party with a record of interest in the property," could the recorders' notices be relied on in filing the lien claims and naming parties? Will a recorder's determination of a "party with recorded interest", or the failure to notify a recorded party of interest be actionable?
Previously, the recorders office only sent notice to the previous owner of record. Now, with recorders sending notice to any "party with a record of interest in the property," could the recorders' notices be relied on in filing the lien claims and naming parties? Will a recorder's determination of a "party with recorded interest", or the failure to notify a recorded party of interest be actionable?
