Quitclaim Deed Trust Transfer

Summary

In Illinois, you can transfer property to a trust using a quitclaim deed, but if theres a mortgage, you must notify your bank due to the due-on-sale clause. This clause typically requires lender consent to avoid violating mortgage terms.

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Yes I still have a mortgage
In Illinois, you can transfer property to a trust using a quitclaim deed. However, due to the "due-on-sale" clause typically found in mortgage agreements, you need to notify your bank and possibly get their consent before transferring the property to ensure you do not violate your mortgage terms.
Do you need more information on the process of notifying your bank or any specific legal assistance related to trusts and property transfers?