Type In Legal Oregon Warranty Forms For Free

Key Takeaways A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.

An Oregon quitclaim deed form is a legal document that transfers rights or interest in a real estate property from one person (grantor) to another (grantee). This type of property transfer doesn't guarantee the ownership or clarity of the title. So, do your due diligence to ensure you'll get a defect-free title.

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.

An Oregon special warranty deed is a legal document transferring an interest in a property from an owner to another person. This is a warranty deed, but the warranty is limited to the time frame involving seller's ownership of the property.

There are three types of real estate ownership in Oregon: tenancy by entirety, tenancy in common, and survivorship. James and Mary's home is a tenancy by the entirety, whereby the spouses equally own the property with survivorship interest.

Oregon general warranty deeds state that the current owner ?conveys and warrants? real estate to the new owner. Oregon special warranty deeds state that the current owner ?conveys and specially warrants? the real estate to the new owner.