Portland Oregon Deed of Reconveyance

• Category: Oregon Court Samples - Real Estate - Deeds
• State: Oregon
• City: Portland
• Control #: OR-HJ-358-01
• Format: PDF

Description

Deed of Reconveyance A Portland Oregon Deed of Re conveyance is a legal document that confirms the release of a mortgage lien or deed of trust on a property located in Portland, Oregon. This document is often recorded with the county where the property is situated. By removing the lien, the property owner gains clear title, free from any encumbrances. The Portland Oregon Deed of Re conveyance is an important part of the process when a mortgage or deed of trust has been fully paid off or when certain conditions specified in the loan agreement have been met. It serves as proof that the property has been released from the lender's legal claim. Keywords: Portland Oregon, Deed of Re conveyance, mortgage lien, deed of trust, property, clear title, encumbrances, paid off, loan agreement, lender's claim. Different Types of Portland Oregon Deed of Re conveyance: 1. Full Payoff Deed of Re conveyance: This type of deed is used when the property owner has completely paid off their mortgage or deed of trust. It releases the lender's claim and grants the property owner clear title. 2. Conditional Deed of Re conveyance: Sometimes, a mortgage agreement may have specific conditions that need to be met before the deed of reconveyance is issued. This could include the completion of specified repairs or improvements to the property. Once these conditions are satisfied, the conditional deed of reconveyance is executed, releasing the lender's claim. 3. Trustee Deed of Re conveyance: In cases where a deed of trust was used as the security instrument for the loan, the trustee appointed in the deed executes the trustee deed of reconveyance. This document confirms the release of the trust deed and the return of legal title to the borrower. 4. Partial Release Deed of Re conveyance: If multiple properties are collateral for a loan, a partial release deed of reconveyance is used to remove the lien from a specific property that has been fully paid off or meets certain conditions outlined in the loan agreement. Keywords (Types): Full Payoff, Conditional, Trustee, Partial Release, property owner, mortgage, conditions, repairs, improvements, security instrument, legal title, borrower, collateral, lien, loan agreement.

A Portland Oregon Deed of Re conveyance is a legal document that confirms the release of a mortgage lien or deed of trust on a property located in Portland, Oregon. This document is often recorded with the county where the property is situated. By removing the lien, the property owner gains clear title, free from any encumbrances. The Portland Oregon Deed of Re conveyance is an important part of the process when a mortgage or deed of trust has been fully paid off or when certain conditions specified in the loan agreement have been met. It serves as proof that the property has been released from the lender's legal claim. Keywords: Portland Oregon, Deed of Re conveyance, mortgage lien, deed of trust, property, clear title, encumbrances, paid off, loan agreement, lender's claim. Different Types of Portland Oregon Deed of Re conveyance: 1. Full Payoff Deed of Re conveyance: This type of deed is used when the property owner has completely paid off their mortgage or deed of trust. It releases the lender's claim and grants the property owner clear title. 2. Conditional Deed of Re conveyance: Sometimes, a mortgage agreement may have specific conditions that need to be met before the deed of reconveyance is issued. This could include the completion of specified repairs or improvements to the property. Once these conditions are satisfied, the conditional deed of reconveyance is executed, releasing the lender's claim. 3. Trustee Deed of Re conveyance: In cases where a deed of trust was used as the security instrument for the loan, the trustee appointed in the deed executes the trustee deed of reconveyance. This document confirms the release of the trust deed and the return of legal title to the borrower. 4. Partial Release Deed of Re conveyance: If multiple properties are collateral for a loan, a partial release deed of reconveyance is used to remove the lien from a specific property that has been fully paid off or meets certain conditions outlined in the loan agreement. Keywords (Types): Full Payoff, Conditional, Trustee, Partial Release, property owner, mortgage, conditions, repairs, improvements, security instrument, legal title, borrower, collateral, lien, loan agreement.