The seller is promising that the title is clear and free of any debts under his actual ownership, not from issues that may have arisen under previous ownership. When selling a piece of property, an Oregon Special Warranty Deed offers the seller the most protection. The Oregon Special Warranty Deed is most often used when selling a piece of property and knowing there will be no claim through your title, but you may be unsure if there are prior claims against the property.
An Oregon Special Warranty Deed also provides that the seller has not done anything to cause problems with the title to the property during the period of his or her ownership. Oregon Special Warranty Deeds are a guarantee from the seller stating that nothing has happened to cause problems with the title while the seller has owned the property.
When using an Oregon Special Warranty Deed, the seller conveys the property with two warranties:. The Oregon Special Warranty Deed is favored by the seller because the seller only guarantees that there were no problems with the property after the seller acquired the property.
General Warranty Deeds assure clear title all the way back to the origin of the property. An Oregon General Warranty Deed guarantee is made from the seller to the buyer. For example, the seller would be responsible for any claims even if the claim is from 30 years prior to the transaction. The Oregon General Warranty Deed should then be filed at the land records office in the county where the property is located. This office is called different names in different places, but is most likely known as the County Clerk, Register of Deeds, County Recorder or Land Registry.
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