Complete Legal Oregon Warranty Forms For Free

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.

An Oregon bargain and sale deed form?like a quitclaim deed?transfers real estate with no warranty of title. Unlike a quitclaim deed, an Oregon bargain and sale deed conveys to the new owner any interests in the real estate vesting in the former owner after execution of the deed.

A bargain and sale deed indicates that only the seller of a property holds the title and has the right to transfer ownership. This type of deed offers no guarantees for the buyer against liens or other claims to the property, so the buyer could be responsible for these issues if they turn up.

In essence, a quitclaim deed says, ?I transfer all of my rights in this property to you, but I don't guarantee that I have any rights in this property." Quitclaim deeds are commonly used to transfer property between family members or into or out of a trust, or to correct a problem with the document itself such as the ...

The purpose of a bargain and sale deed is to transfer property between a property owner and a buyer. In the case of this type of deed, the owner is not taking any responsibility for any issues that could come up with the property title. Thus, the buyer must be willing to take on possible liabilities.

(1) 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.)