Hillsboro Oregon Trust and Transfer Deed is a legal document frequently used in real estate transactions in the city of Hillsboro, Oregon. This document serves as an important tool for transferring ownership of property from one individual or entity (granter) to another (grantee) while ensuring the protection of the interests of both parties involved. The Hillsboro Oregon Trust and Transfer Deed outlines the specific details of the property being transferred, including its address, legal description, and any encumbrances or liens against it. It is typically prepared by a licensed attorney or a title company to ensure its legality and accuracy. There are several types of Hillsboro Oregon Trust and Transfer Deed that vary depending on the purpose of the transfer. Here are a few common types: 1. Warranty Deed: This is the most commonly used form of transfer deed, offering the highest level of protection to the grantee. It guarantees that the granter has a valid title to the property, free from any undisclosed encumbrances or claims. 2. Quitclaim Deed: This type of deed is often used in cases where the granter is not making any promises or warranties regarding the title. It transfers only the interest the granter may have in the property, if any. 3. Trust Deed: Sometimes referred to as a deed of trust, this type of transfer deed is used when the property being transferred is being used as collateral for a loan. In this case, the trust deed gives the lender (beneficiary) the right to foreclose on the property if the borrower (trust or) defaults on the loan. 4. Special Warranty Deed: Similar to a warranty deed, a special warranty deed guarantees that the granter has clear title to the property during their ownership. However, it only covers claims or encumbrances that occurred during the granter's ownership and does not offer protection for any issues prior to that. It is important for both the granter and grantee to fully understand the implications of the Hillsboro Oregon Trust and Transfer Deed before proceeding with a real estate transaction. Seeking guidance from a qualified real estate professional or attorney is highly recommended ensuring the process is legally sound and protects the interests of all parties involved.
Hillsboro Oregon Trust and Transfer Deed
Category:
State:
Oregon
City:
Hillsboro
Control #:
OR-HJ-335-01
Format:
PDF
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Description
Trust and Transfer Deed
Hillsboro Oregon Trust and Transfer Deed is a legal document frequently used in real estate transactions in the city of Hillsboro, Oregon. This document serves as an important tool for transferring ownership of property from one individual or entity (granter) to another (grantee) while ensuring the protection of the interests of both parties involved. The Hillsboro Oregon Trust and Transfer Deed outlines the specific details of the property being transferred, including its address, legal description, and any encumbrances or liens against it. It is typically prepared by a licensed attorney or a title company to ensure its legality and accuracy. There are several types of Hillsboro Oregon Trust and Transfer Deed that vary depending on the purpose of the transfer. Here are a few common types: 1. Warranty Deed: This is the most commonly used form of transfer deed, offering the highest level of protection to the grantee. It guarantees that the granter has a valid title to the property, free from any undisclosed encumbrances or claims. 2. Quitclaim Deed: This type of deed is often used in cases where the granter is not making any promises or warranties regarding the title. It transfers only the interest the granter may have in the property, if any. 3. Trust Deed: Sometimes referred to as a deed of trust, this type of transfer deed is used when the property being transferred is being used as collateral for a loan. In this case, the trust deed gives the lender (beneficiary) the right to foreclose on the property if the borrower (trust or) defaults on the loan. 4. Special Warranty Deed: Similar to a warranty deed, a special warranty deed guarantees that the granter has clear title to the property during their ownership. However, it only covers claims or encumbrances that occurred during the granter's ownership and does not offer protection for any issues prior to that. It is important for both the granter and grantee to fully understand the implications of the Hillsboro Oregon Trust and Transfer Deed before proceeding with a real estate transaction. Seeking guidance from a qualified real estate professional or attorney is highly recommended ensuring the process is legally sound and protects the interests of all parties involved.
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