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How do I transfer my property to a trust in Oregon?
To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.
Is it better to gift a house or put it in a trust?
Placing your house into a trust has many potential benefits. If you are thinking of planning for long term care or simply want to avoid the process of probate, you should consider a trust to hold title to your property.
Does a warranty deed prove ownership in Oregon?
A warranty deed guarantees that the seller holds clear title to the property, free from any liens or encumbrances, and has the legal right to transfer ownership. However, while a warranty deed is a powerful legal instrument, its not the sole proof of ownership.
How do I transfer a deed to a trust in Oregon?
How do you transfer a deed to a trust in Oregon? To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located.
Do I need a lawyer to transfer a deed?
A deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.
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What is the difference between a warranty deed and a trust deed?
A warranty deed provides a guarantee that the title is clear. A trustee deed offers no such warranties about the title. A special warranty deed guarantees against title problems that occurred during a sellers ownership period, but not before.
How do I transfer a warranty deed?
Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.
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