Gresham Oregon Statutory Warranty Deed

• Category: Oregon Court Samples - Real Estate - Deeds
• State: Oregon
• City: Gresham
• Control #: OR-HJ-374-01
• Format: PDF

Description

Statutory Warranty Deed A Gresham Oregon Statutory Warranty Deed is a legal document used to transfer ownership of real estate properties in Gresham, Oregon. This type of deed guarantees that the seller has the legal right to sell the property and provides certain warranties to protect the buyer against any defects or title issues. The deed includes specific language that legally binds the seller to defend the buyer's title against any claims made by third parties. The Gresham Oregon Statutory Warranty Deed offers several types that cater to different scenarios and needs: 1. General Warranty Deed: This is the most common type of warranty deed used in Gresham, Oregon. It provides the broadest level of protection to the buyer, as it guarantees that the seller will defend the buyer's title against any claims, whether they occurred before or during the seller's ownership. 2. Special Warranty Deed: In this type of warranty deed, the seller guarantees that they have not created any defects in the title during their ownership. Unlike the general warranty deed, the special warranty deed does not protect the buyer against any claims or defects that may have occurred prior to the seller's ownership. 3. Quitclaim Deed: Although not a statutory warranty deed, it is commonly used in Gresham, Oregon, and can be considered an alternative to other warranty deeds. However, it offers the least amount of protection to the buyer. The quitclaim deed only transfers whatever interest the seller may have in the property at the time of the transfer, without providing any warranties regarding the title. When using a Gresham Oregon Statutory Warranty Deed, it is crucial to ensure that the deed adheres to the specific requirements established by the Oregon Revised Statutes (ORS 93.850 – 93.865). These statutes outline the necessary elements and language that must be included in the deed to make it legally valid and enforceable. In summary, a Gresham Oregon Statutory Warranty Deed is a legally binding document used for transferring real estate ownership in Gresham, Oregon. It provides varying levels of protection to the buyer, depending on the type of warranty deed used, with the general warranty deed offering the most comprehensive protection. It is important to comply with the specific requirements outlined in the Oregon Revised Statutes to ensure the validity and enforceability of the deed.

A Gresham Oregon Statutory Warranty Deed is a legal document used to transfer ownership of real estate properties in Gresham, Oregon. This type of deed guarantees that the seller has the legal right to sell the property and provides certain warranties to protect the buyer against any defects or title issues. The deed includes specific language that legally binds the seller to defend the buyer's title against any claims made by third parties. The Gresham Oregon Statutory Warranty Deed offers several types that cater to different scenarios and needs: 1. General Warranty Deed: This is the most common type of warranty deed used in Gresham, Oregon. It provides the broadest level of protection to the buyer, as it guarantees that the seller will defend the buyer's title against any claims, whether they occurred before or during the seller's ownership. 2. Special Warranty Deed: In this type of warranty deed, the seller guarantees that they have not created any defects in the title during their ownership. Unlike the general warranty deed, the special warranty deed does not protect the buyer against any claims or defects that may have occurred prior to the seller's ownership. 3. Quitclaim Deed: Although not a statutory warranty deed, it is commonly used in Gresham, Oregon, and can be considered an alternative to other warranty deeds. However, it offers the least amount of protection to the buyer. The quitclaim deed only transfers whatever interest the seller may have in the property at the time of the transfer, without providing any warranties regarding the title. When using a Gresham Oregon Statutory Warranty Deed, it is crucial to ensure that the deed adheres to the specific requirements established by the Oregon Revised Statutes (ORS 93.850 – 93.865). These statutes outline the necessary elements and language that must be included in the deed to make it legally valid and enforceable. In summary, a Gresham Oregon Statutory Warranty Deed is a legally binding document used for transferring real estate ownership in Gresham, Oregon. It provides varying levels of protection to the buyer, depending on the type of warranty deed used, with the general warranty deed offering the most comprehensive protection. It is important to comply with the specific requirements outlined in the Oregon Revised Statutes to ensure the validity and enforceability of the deed.