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How to use or fill out Special Warranty Deed - Fulfillment from three Individuals to one Individual - Oregon

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Click ‘Get Form’ to open it in the editor.
Begin with the Recording Cover Sheet. Fill in the names of the Grantors and Grantee, ensuring accuracy as this information is crucial for legal purposes.
Enter the true and actual consideration paid for the property in the designated field. This amount is important for tax purposes.
In the Special Warranty Deed section, list all Grantors' names and addresses clearly. Then, specify the Grantee's name and address.
Provide a detailed legal description of the property being conveyed. If necessary, attach Exhibit A with this information.
Ensure all Grantors sign and date the document where indicated. Notarization may be required, so check local regulations.

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How many covenants are in a warranty deed?

The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants.

What is a special warranty deed in Oregon?

Special Warranty Deed - A special warranty deed transfers to the grantee all of the legal rights the grantor has in the parcel of real property but warranties only what the deed specifically states is warranted.

What is the key difference between a warranty deed and a special warranty deed?

The main difference between these deeds is that general warranty deeds apply to the entire history of a piece of land while special warranty deeds only cover the period of time that the previous owner (the grantor) has held the land.

What are the disadvantages of a warranty deed?

Disadvantages of Warranty Deeds Title companies will research the chain of deeds, past court judgments, and unpaid taxes before green-lighting the transfer. The grantor also remains on the hook long after the sale. If a forgotten lien surfaces, the buyer can pull the grantor into court for damages and legal fees.