Gresham Oregon Warranty Deed

• Category: Oregon Court Samples - Real Estate - Deeds
• State: Oregon
• City: Gresham
• Control #: OR-HJ-375-01
• Format: PDF

Description

Warranty Deed A Gresham Oregon Warranty Deed is a legally binding document that transfers ownership of a property from the current owner (granter) to a new owner (grantee) with a guarantee of clear title and protection against any future claims or disputes. This type of deed is commonly used in Gresham, Oregon, and ensures the buyer that the property is free from any liens, encumbrances, or title defects. Unlike a quitclaim deed, which only transfers the interest the granter has in the property without any guarantees, a warranty deed guarantees the buyer that the granter has the legal right to sell the property and that the title is free and clear to be transferred. There are two main types of Gresham Oregon Warranty Deeds: 1. General Warranty Deed: This deed provides the highest level of protection to the grantee. It guarantees that the granter has the legal right to sell the property, and it also warrants that the property is free from any defects or claims, both from the granter himself and any previous owners. A general warranty deed protects the grantee against any future claims, even if they arise from events that occurred before the granter acquired the property. 2. Special Warranty Deed: This type of warranty deed offers a more limited protection to the grantee. While it guarantees that the granter has the legal right to sell the property, it only warrants against any defects or claims that may have arisen during the granter's ownership. In other words, the granter is only responsible for any issues that occurred during their ownership, and not for any issues that may have existed before they acquired the property. Both types of Gresham Oregon Warranty Deeds provide essential protection to the buyer, ensuring that they are acquiring a property with a clear title and minimizing the risk of any future disputes or claims. It is crucial for both parties involved in a real estate transaction to understand the specific type of warranty deed being used, as it directly affects the level of protection afforded to the buyer.

A Gresham Oregon Warranty Deed is a legally binding document that transfers ownership of a property from the current owner (granter) to a new owner (grantee) with a guarantee of clear title and protection against any future claims or disputes. This type of deed is commonly used in Gresham, Oregon, and ensures the buyer that the property is free from any liens, encumbrances, or title defects. Unlike a quitclaim deed, which only transfers the interest the granter has in the property without any guarantees, a warranty deed guarantees the buyer that the granter has the legal right to sell the property and that the title is free and clear to be transferred. There are two main types of Gresham Oregon Warranty Deeds: 1. General Warranty Deed: This deed provides the highest level of protection to the grantee. It guarantees that the granter has the legal right to sell the property, and it also warrants that the property is free from any defects or claims, both from the granter himself and any previous owners. A general warranty deed protects the grantee against any future claims, even if they arise from events that occurred before the granter acquired the property. 2. Special Warranty Deed: This type of warranty deed offers a more limited protection to the grantee. While it guarantees that the granter has the legal right to sell the property, it only warrants against any defects or claims that may have arisen during the granter's ownership. In other words, the granter is only responsible for any issues that occurred during their ownership, and not for any issues that may have existed before they acquired the property. Both types of Gresham Oregon Warranty Deeds provide essential protection to the buyer, ensuring that they are acquiring a property with a clear title and minimizing the risk of any future disputes or claims. It is crucial for both parties involved in a real estate transaction to understand the specific type of warranty deed being used, as it directly affects the level of protection afforded to the buyer.