Protect Legal Oregon Contract For Deed Forms For Free

The following should be in a contract for deed: Purchase price. Interest rate. Down payment. Number of monthly installments. Buyer and seller information. Party responsibilities. Legal remedies in the event of default.

Your deed may be available online (1985 to present). If the deed was recorded prior to 1985, you will need to request it in writing.

Quitclaim deeds and warranty deeds are commonly used in Oregon to convey real property or an interest in real property. Any person of lawful age has the power to hold and convey property or an interest in real property in Oregon. Property ownership can be sole or as tenants in common.

If you're the buyer in a contract for deed arrangement, you need to be aware of the following risks. Property maintenance. One contract for deed drawback is the uncertainty over who's responsible for what. ... No foreclosure protection. ... Balloon payment. ... Seller retains title. ... Less consumer protection.

Documents are recorded in the county where the property is located. When the Recorder's Office receives a document for recording, we review it for compliance with Oregon recording statutes. If a document cannot be recorded as presented, we will return it with an explanation.

Oregon Deeds There are three types of deeds in Oregon: general warranty deed, quitclaim deed, and special warranty deed. A general warranty deed transfers a property from the seller to the buyer with the guarantee that the seller has the right to sell the property and that there are no encumbrances on the title.