This Disclosure Notice of Forfeiture Rights form is provided by the Seller to the Purchaser at the time of the contract signing. Mandatory use of this form is rarely required; however, this form provides the Purchaser with a good understanding of forfeiture and how he or she can be affected by it in the event of a default. Should the courts become involved, the use of this form will help the Seller show that the Purchaser understood his side of the bargain and may help the Purchaser pursue the remedy of forfeiture if challenged by the Purchaser.
Gresham Oregon Seller's Disclosure of Forfeiture Rights for Contract for Deed
State:
Oregon
City:
Gresham
Control #:
OR-00470-22
Format:
Word;
Rich Text
Instant download
Description
How to fill out Oregon Seller's Disclosure Of Forfeiture Rights For Contract For Deed?
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FAQ
Oregon doesn't require real estate agents to say that someone was violently murdered inside a house or even investigate if meth was cooked there.
Property sellers are usually required to disclose negative information about a property. It is usually wise to always disclose issues with your home, whether you are legally bound to or not. The seller must follow local, state, and federal laws regarding disclosures when selling their home.
Real estate listings don't reveal all. Oregon doesn't require real estate agents to say that someone was violently murdered inside a house or even investigate if meth was cooked there.
Any ongoing problems with neighbours, including boundary disputes. Any neighbours known to have been served an Anti Social Behaviour Order (ASBO) Whether there have been any known burglaries in the neighbourhood recently. Whether any murders or suicides have occurred in the property recently.
Under Oregon law a seller must disclose to the buyer any material defects known to the seller that would not be readily apparent to a buyer. Oregon civil law also imposes on all parties to a contract a duty of good faith and fair dealing.
A property disclosure statement is a series of documents the seller is legally bound to present to a buyer once a written offer is in hand. These documents must truthfully disclose any and all issues, defects, or previous repairs or relevant history of the home.
Under Oregon law a seller must disclose to the buyer any material defects known to the seller that would not be readily apparent to a buyer. Oregon civil law also imposes on all parties to a contract a duty of good faith and fair dealing.
In Oregon, agency disclosure was first adopted in 1993. The law demanded that real estate agents personally provide the buyer and seller in a real estate transaction with a statutory initial agency disclosure form. Agents were required to get the buyer and seller to acknowledge receipt of the disclosure.
