Notice of Intent to Enforce Forfeiture Provisions of Contact for Deed - Oregon 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the recipient's name and address at the top of the form. This identifies who is receiving the notice.
  3. In the section concerning the Contract for Deed, enter the names of both the Seller and Purchaser, along with the property address. This establishes the parties involved and the property in question.
  4. Clearly state the reasons for default in the designated area. Be specific about what terms were not met to ensure clarity.
  5. Indicate how the default can be cured by filling in necessary actions required by a specified date. This provides a clear path for resolution.
  6. Finally, sign and print your name at the bottom of the form, ensuring that all information is accurate before submission.

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As a matter of contract law, a deed must have consideration to be valid. Consideration is defined as something of value given for the deed. Usually the consideration is money, but it could be for services or anything of value.
Oregon Deeds Other forms of deeds may be used for the conveyance of real property. All deeds should contain the statement required by ORS 93.040(1). Additionally, a statement of consideration is required by ORS 93.030.
A deed is binding without consideration. That means one party (or maybe more than one if there are many parties) gives no value. Deeds are often mistakenly used instead of an agreement under hand because consideration required in an agreement is assumed to be money or equivalent (market) worth.
Every conveyance, deed, land sale contract, assignment of all or any portion of a sellers or purchasers interest in a land sale contract or other agreement or memorandum thereof affecting the title of real property within this state which is not recorded as provided by law is void as against any subsequent purchaser
Recording. While not a requirement for validity, recording the deed with the local government office (usually the county recorder or registrar of deeds) provides public notice of the transfer and protects the grantees ownership rights against future claims.

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People also ask

What is forfeiture of a real estate contract? The seller cancels your rights under the contract because you arent meeting your end of the agreement, such as making your monthly payments. That allows the seller to take the property back. This isnt the same as foreclosure.

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