Warranty Deed Vs Statutory Warranty Deed

State:
Oregon
City:
Portland
Control #:
OR-HJ-374-01
Format:
PDF
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Description

Statutory Warranty Deed A Portland Oregon Statutory Warranty Deed is a legal document that is used to transfer ownership of real estate property within the jurisdiction of Portland, Oregon. This deed provides the highest level of protection to the buyer, as it guarantees that the seller has a clear title to the property and the right to sell it. The Portland Oregon Statutory Warranty Deed is governed by the laws of the state of Oregon and complies with the specific requirements of the Portland area. It includes specific language and disclosures mandated by the state and local regulations to ensure a valid transfer of property rights. There are different types of warranty deeds that can be used in Portland, Oregon: 1. General Warranty Deed: This is the most common type of warranty deed used in Portland. It guarantees that the seller owns the property, has the legal right to sell it, and that there are no undisclosed liens or encumbrances on the property. 2. Special Warranty Deed: This type of warranty deed guarantees that the seller has the legal right to sell the property and that there are no undisclosed liens or encumbrances, but it only covers the period of time during which the seller owned the property. It does not provide protection against title issues that existed before the seller's ownership. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is commonly used in Portland and transfers any interest or claim the seller may have in the property to the buyer. However, it does not provide any guarantees or warranties regarding the title or condition of the property. When executing a Portland Oregon Statutory Warranty Deed, it is important to consult with a qualified real estate attorney or title company to ensure compliance with all legal requirements and to conduct a thorough title search. The deed must be properly executed, notarized, and filed with the appropriate county office to complete the transfer of property ownership.

A Portland Oregon Statutory Warranty Deed is a legal document that is used to transfer ownership of real estate property within the jurisdiction of Portland, Oregon. This deed provides the highest level of protection to the buyer, as it guarantees that the seller has a clear title to the property and the right to sell it. The Portland Oregon Statutory Warranty Deed is governed by the laws of the state of Oregon and complies with the specific requirements of the Portland area. It includes specific language and disclosures mandated by the state and local regulations to ensure a valid transfer of property rights. There are different types of warranty deeds that can be used in Portland, Oregon: 1. General Warranty Deed: This is the most common type of warranty deed used in Portland. It guarantees that the seller owns the property, has the legal right to sell it, and that there are no undisclosed liens or encumbrances on the property. 2. Special Warranty Deed: This type of warranty deed guarantees that the seller has the legal right to sell the property and that there are no undisclosed liens or encumbrances, but it only covers the period of time during which the seller owned the property. It does not provide protection against title issues that existed before the seller's ownership. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is commonly used in Portland and transfers any interest or claim the seller may have in the property to the buyer. However, it does not provide any guarantees or warranties regarding the title or condition of the property. When executing a Portland Oregon Statutory Warranty Deed, it is important to consult with a qualified real estate attorney or title company to ensure compliance with all legal requirements and to conduct a thorough title search. The deed must be properly executed, notarized, and filed with the appropriate county office to complete the transfer of property ownership.

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Warranty Deed Vs Statutory Warranty Deed