(3)A grantee taking title by way of a quitclaim deed shall not, merely because of receipt of title by or through such a deed, be denied the status of a good faith purchaser for value. Typically, these forms will have the grantor and grantee’s name, the legal description of the property, how much is being paid for the property (also known as the consideration), the parcel number. (2)A deed in the form of subsection (1) of this section shall have the effect of conveying whatever title or interest, legal or equitable, the grantor may have in the described property at the date of the deed but shall not transfer any title or interest which the grantor may thereafter obtain nor shall it operate as an estoppel. A quitclaim deed form is a legal document that puts in writing that the grantor releases their ownership rights of a property to the grantee. (Here comply with the requirements of ORS 93.030 (Contracts to convey, instruments of conveyance and related memoranda to state consideration).) Dated this _ day of_, 2_. _, Grantor, releases and quitclaims to_, Grantee, all right, title and interest in and to the following described real property: (Describe the property conveyed.) (Following description of property, here insert statement required under ORS 93.040 (Mandatory statements for sales agreements, earnest money receipts or other instruments for conveyance of fee title to real property) (1).) The true consideration for this conveyance is $_.
Quitclaim deeds carry no warranty of title, and merely transfer. When a deed includes specific words of release, the grantor relinquishes all right, title and interest and any future claim, challenge, or demand on the land (Va. Warranty and limited warranty deeds are usually the most reliable because they offer a covenant proving that the land is indeed owned by the grantor. Quitclaim deeds are statutory forms for conveying real property in the Commonwealth of Virginia. A Quitclaim Deed is generally used when a property owner wants to transfer ownership of their property to someone they know, such as a relative or spouse.
Then, write in the name of the county and state in which the property is located. First, the parties must fill in the date. Deeds can be used to transfer property or titles from a grantor (or seller) to a grantee (or buyer). proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are. The Quit Claim Deed form uses the terms of Granter (Seller or Owner of said property) and Grantee (Buyer of said property) for the two parties involved. (1)Quitclaim deeds may be in the following form: A quit claim deed can be used to transfer property or titles.
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