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An Oregon deed must be signed by the current owner transferring real estate?the grantor?or a lawful agent or attorney signing for the grantor. Notarization. The current owner's signature must be acknowledged before a notary or other authorized officer.
Recording (O.R.S. § 93.760) ? A deed should be filed at the Recorder's Office in the County where the property is located (See List of County Offices). Required Disclosure (O.R.S. § 93.040) ? A mandatory statement of disclosure must be written in all deeds filed in the State of Oregon.
In Oregon, a lawful bargain and sale deed includes the grantor's full name, mailing address, and marital status; the true consideration paid for the transfer (ORS 93.030); and the grantee's full name, mailing address, marital status, and vesting. Vesting describes how the grantee holds title to the property.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.
Oregon law recognizes the following statutory deed forms: Warranty Deeds. An Oregon warranty deed form offers the strongest warranty of title. ... Special Warranty Deeds. ... Bargain and Sale Deeds. ... Quitclaim Deeds.
What is a form of deed of trust in Oregon? An Oregon deed of trust is a contract in which the title to one's real estate is assigned to a third-party trustee to provide security (collateral) for a home loan. The security is held by the trustee throughout the term of loan repayment.
Since 1973, Oregon has recognized four statutory deed forms. The warranty deed is the most commonly used in arm's-length transactions. The other deed forms are the special warranty deed, the bargain and sale deed, and the quitclaim deed.
Drafting of legal agreements and deeds in India Essential components of Contract. Defining the parties. Obligation of Parties. Payment Terms. Integration Clause. Termination. Sections an agreement shall include. Preamble. Recitals. Definitions. Body or Matter of Content. Consideration and Terms of Payment.