This form is a Warranty Deed where the Grantor is an individual and the Grantee is a Trust. Grantor conveys and warrants the described property to Trustee of the Grantee. This deed complies with all state statutory laws.
A warranty deed is a legal document used to transfer property ownership from an individual to a trust in Hillsboro, Oregon. In this type of transaction, the individual, known as the granter, relinquishes their interest in the property and transfers it to the trust, known as the grantee. The trust then becomes the legal owner of the property. This process ensures that the trust holds full legal title and assumes responsibility for the property. Hillsboro, Oregon offers several types of warranty deeds from an individual to a trust, including: 1. General Warranty Deed: A general warranty deed guarantees that the granter, as the current property owner, has the legal right to transfer ownership to the trust. It also provides the highest level of protection for the grantee, as it warrants against any claim made by others regarding the property's title. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, assures the grantee that the granter will defend against any claims arising from the granter's actions or ownership of the property. However, it does not cover any claims arising before the granter acquired the property. 3. Quitclaim Deed: A quitclaim deed is another type of deed that can be used to transfer property from an individual to a trust. However, it offers the least amount of protection for the grantee. With a quitclaim deed, the granter does not guarantee that they actually own the property or have the legal right to transfer it. This type of deed is often used in situations where the granter's interest in the property may be unclear or uncertain. No matter which type of warranty deed is used, it is essential to follow the specific requirements outlined by the state of Oregon and adhere to local laws and regulations. It is highly recommended that individuals seeking to transfer property to a trust consult with an experienced real estate attorney to ensure a smooth and legally compliant transaction.
