An Oregon quit claim deed is used to convey one’s interest in real estate without any kind of guarantee or assurance given to the grantee (new property owner). The deed does not warrant the condition of the title or assert that the grantor (old property owner) has a legal interest in the property being conveyed. Any unknown mechanic’s liens, code violations, judgments, or other encumbrances affecting a quitclaimed property become the grantee’s obligation.
Because a quit claim deed is high-risk in nature, its use is often limited to non-sale transactions wherein the grantor and grantee are already acquainted. Quit claim deeds are most commonly used to transfer property between family members or clear up issues in the chain of title.
- Statutes: § 93.110 & § 93.865
- Formatting: § 205.232, § 205.234, § 205.236, § 93.040, and § 93.260
- Signing Requirements (§ 93.410): Notary Public (or other authorized official)
- Where to Record (§ 205.130): County Clerk
- Recording Fees (§ 205.320(d)): $5 per page
- Property Disclosure Statement (ORS 105.465(2)): Each buyer who submits a written offer to purchase real estate must receive this statement from the seller.