This form is a Quitclaim Deed where the Grantor is an individual and the Grantees are Husband and Wife, or two individuals. Grantor conveys and warrants the described property to Grantees. This deed complies with all state statutory laws.
A Portland Oregon Warranty Deed is a legal document used to transfer ownership of a property from an individual seller to two individuals, who are typically a husband and wife, guaranteeing that the property is free from any legal claims or encumbrances. This type of deed ensures that the sellers have the legal authority to sell the property and that the buyers are receiving clear title to the property. A warranty deed provides several important assurances to the buyers. Firstly, it guarantees that the sellers have the right to transfer the property to the buyers. Secondly, it provides a promise from the sellers that they will defend the buyers against any future claims on the property title. Additionally, a warranty deed guarantees that the property is free from any liens, mortgages, or other encumbrances. There are two main types of Portland Oregon Warranty Deed from an Individual to Two Individuals / Husband and Wife: 1. General Warranty Deed: This type of deed provides the highest level of protection to the buyers. It guarantees that the sellers will defend the property against any claims arising from any point in its history, regardless of whether they occurred before or during the sellers' ownership. This means that the buyers can have confidence in the title's validity. 2. Special Warranty Deed: Unlike a General Warranty Deed, a Special Warranty Deed only guarantees the buyers' protection against claims that arose during the sellers' ownership of the property. It does not extend to any claims that may have existed prior to their ownership. Although it provides a level of protection, it is not as extensive as a General Warranty Deed. Choosing between these types of deeds depends on the buyer's preference and level of risk tolerance. It is important to consult with a real estate attorney or professional to understand the implications of each type of deed and ensure a smooth and secure transaction. In conclusion, a Portland Oregon Warranty Deed from an Individual to Two Individuals / Husband and Wife is a legal document that transfers ownership of a property while guaranteeing the buyers' protection against any future claims or encumbrances. The two main types of these deeds are the General Warranty Deed, offering the highest level of protection, and the Special Warranty Deed, which provides a more limited level of assurance.
