Oregon Sample Letter for Original Recorded Warranty Deed
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How to fill out Sample Letter For Original Recorded Warranty Deed?
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FAQ
Oregon law requires deeds conveying complete title to real estate to identify the ?true and actual consideration paid for the transfer,? stated as a dollar amount on a deed's first page.
Every conveyance, deed, land sale contract, assignment of all or any portion of a seller's or purchaser's interest in a land sale contract or other agreement or memorandum thereof affecting the title of real property within this state which is not recorded as provided by law is void as against any subsequent purchaser ...
Special warranty deeds may be in the following form: _____, Grantor, conveys and specially warrants to _____, Grantee, the following described real property free of encumbrances created or suffered by the grantor except as specifically set forth herein: (Describe the property conveyed.)
All of the components of a valid deed are outlined below. written instrument. competent grantor. identity of the grantee. words of conveyance. adequate description of the land. recital of consideration. signature of the grantor. witnesses.
Every conveyance, deed, land sale contract, assignment of all or any portion of a seller's or purchaser's interest in a land sale contract or other agreement or memorandum thereof affecting the title of real property within this state which is not recorded as provided by law is void as against any subsequent purchaser ...
While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy.
A statutory warranty deed is a short-form deed that includes the promises of a long-form general warranty deed. It guarantees the grantor holds and is transferring full and legal title to the property. Using either a statutory or general warranty deed provides the most protection to the buyer of the property.
Signing Requirements for Oregon Deeds Current Owner's Signature. 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.
