Oregon Grant Deed

State:
Multi-State
Control #:
US-03215BG
Format:
Word; 
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Description

A deed is an instrument by which an owner (the grantor) transfers an interest in land to a new owner (the grantee). No consideration is required to make the deed effective. The deed is necessary to transfer title to land even if it is a gift. It has no effect, and title does not pass until the deed has been delivered. The recording of the deed is not required to make the deed effective to pass title between the buyer and the seller. However, recording is necessary so that the public will know that the buyer is the present owner. Recording constitutes "notice to the world" of the transfer in title.


The grantor is the person selling the property. The grantee is the person buying the property. A grant deed is a deed containing an implied warranty that there are no encumbrances on the property not described in the deed and that the person transferring the property actually owns the title. It must describe the property by legal description of boundaries and/or parcel numbers, be signed by all people transferring the property, and be acknowledged before a notary public. It is in contrast to a quit claim deed, which only conveys the interest that the transferor actually owns, if any, without a warranty of ownership.


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FAQ

The Bottom Line A deed is a written document that conveys title to or an interest in real estate when executed and delivered. Grant deeds fall in the middle of the spectrum in terms of buyer protections?they offer more protection than quitclaim deeds, but less than general warranty deeds.

When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims. Mainly for this reason, general warranty deeds are the most commonly used type of deed in real estate sales.

Abbreviation : DEED DEED - Demonstration Of Energy Efficient Developments.

Quitclaim deeds are commonly used to release interests in or claims to property. A statutory quitclaim deed ?releases and quitclaims? a grantor's property interest to grantee, but does not imply that the grantor has any interest at all. Quitclaim deeds do not operate as an estoppel on the grantor.

What types of deeds are recognized in Oregon? Warranty Deeds. An Oregon warranty deed form offers the strongest warranty of title. ... Special Warranty Deeds. ... Bargain and Sale Deeds. ... Quitclaim Deeds.

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.

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Oregon Grant Deed