Bargain And Sale Deed Attorney

• Category: Oregon Court Samples - Real Estate - Deeds
• State: Oregon
• City: Portland
• Control #: OR-HJ-680
• Format: PDF

Description

Bargain and Sale Deed A Portland Oregon Bargain and Sale Deed is a legal document used to transfer ownership of real estate property in the city of Portland, Oregon. This type of deed guarantees that the property being sold is free from any encumbrances, except for any previously mentioned exceptions or restrictions. In a Bargain and Sale Deed, the seller (granter) transfers the property to the buyer (grantee), known as the conveyance. This transaction typically includes a consideration, which can be money or other forms of payment, indicating that the property is being sold at its fair market value. Key features of a typical Portland Oregon Bargain and Sale Deed include: 1. Legal Validity: The deed must meet the legal requirements as defined by the state of Oregon, including proper wording, signatures, and notarization. 2. Grantee's Rights: The grantee receives the property with all the rights associated with it, including the right to possess, use, and transfer the property. 3. No Warranty of Title: Unlike a Warranty Deed, a Bargain and Sale Deed does not provide any warranties or assurances from the seller regarding the status or condition of the property's title. It implies that the granter holds an interest in the property, but doesn't guarantee full ownership. 4. Liens and Encumbrances: The deed ensures that the property is conveyed without any liens or encumbrances, except for those mentioned in the deed. It's important to note that there are different types of Bargain and Sale Deeds, which vary based on the specific circumstances or conditions of the transaction. Some common types seen within Portland, Oregon include: 1. General Bargain and Sale Deed: This is the most common type wherein the granter transfers the property with no specific warranties about the title, but guarantees that they have not encumbered the property. 2. Sheriff's Bargain and Sale Deed: This type of deed is often used in situations where the property is being sold as a result of foreclosure or legal action by the sheriff's office. It is typically utilized when the property is being sold by public auction. 3. Tax Deed: In cases where a property has been foreclosed due to unpaid taxes, a tax deed is issued to a governmental body or a tax sale buyer as proof of ownership. In conclusion, a Portland Oregon Bargain and Sale Deed is a legally binding document that facilitates the transfer of property ownership within the city. While the deed ensures the property is conveyed without encumbrances, it does not guarantee the status of the title. Various types of Bargain and Sale Deeds exist, catering to distinct circumstances such as foreclosure sales or tax-related issues.

A Portland Oregon Bargain and Sale Deed is a legal document used to transfer ownership of real estate property in the city of Portland, Oregon. This type of deed guarantees that the property being sold is free from any encumbrances, except for any previously mentioned exceptions or restrictions. In a Bargain and Sale Deed, the seller (granter) transfers the property to the buyer (grantee), known as the conveyance. This transaction typically includes a consideration, which can be money or other forms of payment, indicating that the property is being sold at its fair market value. Key features of a typical Portland Oregon Bargain and Sale Deed include: 1. Legal Validity: The deed must meet the legal requirements as defined by the state of Oregon, including proper wording, signatures, and notarization. 2. Grantee's Rights: The grantee receives the property with all the rights associated with it, including the right to possess, use, and transfer the property. 3. No Warranty of Title: Unlike a Warranty Deed, a Bargain and Sale Deed does not provide any warranties or assurances from the seller regarding the status or condition of the property's title. It implies that the granter holds an interest in the property, but doesn't guarantee full ownership. 4. Liens and Encumbrances: The deed ensures that the property is conveyed without any liens or encumbrances, except for those mentioned in the deed. It's important to note that there are different types of Bargain and Sale Deeds, which vary based on the specific circumstances or conditions of the transaction. Some common types seen within Portland, Oregon include: 1. General Bargain and Sale Deed: This is the most common type wherein the granter transfers the property with no specific warranties about the title, but guarantees that they have not encumbered the property. 2. Sheriff's Bargain and Sale Deed: This type of deed is often used in situations where the property is being sold as a result of foreclosure or legal action by the sheriff's office. It is typically utilized when the property is being sold by public auction. 3. Tax Deed: In cases where a property has been foreclosed due to unpaid taxes, a tax deed is issued to a governmental body or a tax sale buyer as proof of ownership. In conclusion, a Portland Oregon Bargain and Sale Deed is a legally binding document that facilitates the transfer of property ownership within the city. While the deed ensures the property is conveyed without encumbrances, it does not guarantee the status of the title. Various types of Bargain and Sale Deeds exist, catering to distinct circumstances such as foreclosure sales or tax-related issues.