Redact Legal Oregon Contract For Deed Forms For Free

As the name implies, a warranty deed conveys a grantor's interest in the described property and also warrants that the property is free of encumbrances, except those specifically described in the deed.

Since 1973, Oregon has recognized four statutory deed forms. The warranty deed is the most commonly used in arm's-length transactions. The other deed forms are the special warranty deed, the bargain and sale deed, and the quitclaim deed.

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.

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 Oregon, a lawful bargain and sale deed includes the grantor's full name, mailing address, and marital status; the true consideration paid for the transfer (ORS 93.030); and the grantee's full name, mailing address, marital status, and vesting. Vesting describes how the grantee holds title to the property.