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Click ‘Get Form’ to open the Warranty Deed - Oregon in the editor.
Begin by filling in the Grantor's information, including the name of the LLC and its address. Ensure accuracy as this identifies the seller.
Next, enter the Grantee's details, which is the individual receiving the property. This section is crucial for establishing ownership.
In the legal description section, attach Exhibit A that outlines specific property details. This ensures clarity on what is being transferred.
Specify any encumbrances or exceptions related to the property. This informs both parties of any existing claims or restrictions.
Indicate the true consideration paid for this transfer in dollars, as it reflects the transaction value.
Complete tax proration details based on your agreement with the Grantee regarding who will pay taxes for that year.
Finally, have both parties sign and date the document. Ensure a notary public acknowledges it to validate the transaction legally.

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Why would someone have a warranty deed?

A Warranty Deed can protect the seller from legal implications if disputes arise after the transaction. The grantor assures the grantee they are responsible for past discrepancies, thus protecting the buyers interests.

Does a warranty deed give you ownership?

Special Warranty Deed Risks: The limited protection may expose buyers to title issues that arose before the sellers ownership period. This can be risky, especially for older properties or those with a complicated title history.

What is a warranty deed in Oregon?

Warranty Deed - A warranty deed transfers to the grantee all of the legal rights the grantor has in the parcel of real property and explicitly warranties that the grantor has good title to the parcel.

What are the disadvantages of a warranty deed?

A warranty deed is one that helps ensure the lawful transfer of ownership between a seller (the grantor) and the buyer (the grantee). Warranty deeds are meant to protect the buyer from any issues that may arise with their new home, particularly with the title.