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What is an Oregon statutory deed?

A statutory warranty deed is a legal document used to transfer real property. This form implies a guarantee about the title's history, functioning like a general warranty deed.

What is the warranty clause in a deed?

A warranty deed protects the buyer and ensures that the seller holds a free and clear title to a property without any outstanding liens or mortgages. A warranty deed is a legal real estate document and protects the buyer against future claims to the title of the property.

Which is the best type of deed for the buyer?

General warranty deed It's the type of deed that offers the most buyer protection. When committing to a general warranty deed, the seller is promising there are no liens against the property, and if there were, the seller would compensate the buyer for those claims.

Does a deed need to be notarized Oregon?

Execution Requirements for Oregon Deeds An Oregon deed must be signed by the current owner transferring real estate\u2014the grantor\u2014or a lawful agent or attorney signing for the grantor. Notarization. The current owner's signature must be acknowledged before a notary or other authorized officer.

What is the strongest type of deed?

A Warranty Deed is the strongest deed and warrants to the Grantee: That the Grantor has not previously conveyed the estate or any interest therein to anyone except the Grantee; and. The estate is free from encumbrances.

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