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What is a quit claim deed in Oregon?

An Oregon quitclaim deed form is a written instrument that conveys a property owners current interest in Oregon real estate. When executing an Oregon quitclaim deed, the current ownercalled the grantortransfers ownership to a new ownerthe granteewith no warranty of title.

What type of deed is most commonly used?

General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantors ownership and a legal right to sell.

What is a warranty deed?

by Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

Does Utah allow a transfer on death deed?

The Utah TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

What is the difference between a warranty deed and a mortgage?

According to , a general warranty deed guarantees that: The grantor legally owns the property and has the legal right to transfer it. There are no outstanding mortgages, liens or other claims against the property by any creditor.

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