Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from The Real Estate Center of Illinois, a proven Champaign, Urbana and University of Illinois, Illinois NUMBER1EXPERT™ Top Selling real estate agent. Find Champaign, Urbana and University of Illinois Homes - Find Champaign, Urbana and University of Illinois, Illinois real estate listings & homes for sale provided by The Real Estate Center of Illinois, your local expert real estate agent. For Home Buyers - Get home buying information, the latest listings, mortgage informaiton, expert advice, and much more from The Real Estate Center of Illinois, a proven Champaign, Urbana and University of Illinois, Illinois NUMBER1EXPERT™ Top Selling real estate agent. For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from The Real Estate Center of Illinois, a proven Champaign, Urbana and University of Illinois, Illinois NUMBER1EXPERT™ Top Selling real estate agent. Champaign, Urbana and University of Illinois Information - Find local information on Champaign, Urbana and University of Illinois, Illinois including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by The Real Estate Center of Illinois, a proven NUMBER1EXPERT™ Top Selling real estate agent. Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from The Real Estate Center of Illinois, a proven Champaign, Urbana and University of Illinois, Illinois NUMBER1EXPERT™ Top Selling real estate agent. About The Real Estate Center of Illinois - Information about The Real Estate Center of Illinois including testimonials, guarantees, credentials, and contact information. Learn why The Real Estate Center of Illinois is a proven Champaign, Urbana and University of Illinois, Illinois NUMBER1EXPERT™ Top Selling real estate agent.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Real Estate Contracts >Signed Sealed and Delivered
Most people assume that when a real estate deed is signed, it is effective. However, there is one more essential part of the process. Even if a deed is properly executed, it is not effective until it has been delivered to and accepted by the buyer. This can sometimes create bizarre results. Here is an example.
An elderly man properly signed, sealed and acknowledged a deed to his nephew and placed it in an old tin box in his room, where it was discovered shortly after he died. The nephew lost a contest with other heirs over the property because the deed was not delivered, and therefore, was not effective at the time of the old man's death.
Until the deed is delivered, the title remains with the seller, who could change his mind at any time and destroy the deed. But once the deed has been properly delivered and accepted, the title passes and cannot be revoked. Thus the old, old saying: signed, sealed (and notarized) -- and delivered.
|
 |
| Q |
What was a sure way to accumulate wealth through the 1970s and early 1980s?
|
| A |
Many people made their fortunes in real estate during this period. |
 See More Real Estate Trivia > |
|
|
|
- NUMBER1EXPERTS™ 
