Oregon Quitclaim Deed (Short Form)
Description
How to fill out Quitclaim Deed (Short Form)?
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FAQ
A quitclaim allows a person to transfer property to another person with a simple deed. The basic idea is that all the rights and claims of being a property owner are relinquished and legally turned over to someone else.
1. the release or relinquishment of a claim, action, right, or title. 2. a deed or other legal paper in which a person relinquishes to another a claim or title to some property or right without guaranteeing or warranting such title.
Recording (O.R.S. § 93.760) ? The quit claim deed is filed with the Recorder's Office located within the County Court Clerk's Office (See List of County Offices). There is a fee that is associated with the recording with every jurisdiction being different.
A quitclaim deed does need to be notarized before it can be filed with the county clerk. Depending on the state, a witness signature may also be required.
A quitclaim deed does not make any promises that the seller owns the property or has clear title to it. A quitclaim deed only passes the interest in the property that the seller actually has, without any guarantee. The seller is not responsible to the buyer for a defect in the title.
Quitclaim Deeds. An Oregon quitclaim deed form transfers whatever interest the current owner holds as of the date of the deed, if any, with no warranty of title. The person signing a quitclaim deed quitclaims the real estate to the new owner, and the new owner bears the risk of title defects.
A quitclaim deed to real estate may be substantially the same as a warranty deed, with the word "quitclaim" inserted in connection with the words "do hereby grant, bargain, sell and convey," as follows: "Do hereby quitclaim, grant, bargain, sell and convey," and by omitting the words, "and warrant the title to the same ...
The way a quitclaim deed works is that this type of transfer makes no seller guarantees. It merely states that the seller transfers any ownership interest to the buyer. So if the seller has absolutely no ownership interest in the property, that's precisely what transfers in a quitclaim deed to any buyer.
