This form is a Quitclaim Deed where the grantor is an individual and the grantees are three individuals. Grantees take the property as joint tenants with the right of survivorship or as tenants in common. Grantor conveys and quitclaims the described property to grantees. This deed complies with all state statutory laws.
Oregon Quitclaim Deed - Individual to Three Individuals
Category:
State:
Oregon
Control #:
OR-023-77
Format:
Word;
Rich Text
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Description Oregon Quit Claim Deed
Free preview What Is A Quit Claim Deed
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Quick Claim Deeds Other Form Names
Quitclaim Deed Form Oregon
Quit Claim Deed Form Oregon
Quick Claim Deed Oregon
Oregon Quitclaim Deed
Oregon Quit Claim Deed Instructions
Quitclaim Deed Meaning In Real Estate
Quit Claim Deed In Alabama
Quit Claim Deed Alabama FAQ
A quitclaim deed transfers title but makes no promises at all about the owner's title.A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.
A quitclaim deed affects ownership and the name on the deed, not the mortgage. Because quitclaim deeds expose the grantee to certain risks, they are most often used between family members and where there is no exchange of money.Quitclaim deeds transfer title but do not affect mortgages.
Once you sign a quitclaim deed and it has been filed and recorded with the County Clerks Office, the title has been officially transferred and cannot be easily reversed. In order to reverse this type of transfer, it would require your spouse to cooperate and assist in adding your name back to the title.
But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.
The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.
Yes, you can use a Quitclaim Deed to transfer a gift of property to someone. You must still include consideration when filing your Quitclaim Deed with the County Recorder's Office to show that title has been transferred, so you would use $10.00 as the consideration for the property.
Quitclaim deeds are most often used to transfer property between family members. Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners get divorced and one spouse's name is removed from the title or deed.