Transferring property to another person is a simple procedure in Oregon state. A quit claim deed can be completed to give your share of property to someone else. It does not guarantee that the title is free of encumbrances or that you even own the property in the first place. However, once you file a quit claim deed properly, you are no longer the owner, and the other person your previous rights to the real estate. Therefore, if your property is located in Oregon state, obtain legal advice before signing a quit claim deed for your house.
Place your name on the quit claim deed as the grantor of the property. Include all owners if no share will be retained by any of the names on title.
Write the name of the person who is receiving the property in the space for the grantee. Include the address where the deed can be mailed after filing.
Write the amount of money paid for the property, if any, as a consideration for the transfer. If your quit claim transaction does not include the exchange of funds, write a zero.
Add the address and complete legal description of the real estate being transferred. You can find this information on your property tax bill or visit the county recorder's office and ask for it.
Sign and date the quit claim deed in the presence of a notary public, who formally witnesses your signature. All grantors must sign, but the grantee is not required to do so.
File your deed at the Oregon county recorder's office in the jurisdiction where the real estate is located.
Pay the appropriate fees to complete the transaction. The amount required varies by Oregon county. However, as of this publication date, filing fees are under $50 for the first page and approximately $5 for each subsequent page, if any.
A quit claim deed cannot be reversed or undone if you change your mind. To negate the transaction, the grantee must be willing to quit claim the property back to you. If you experienced fraud or theft in signing the deed, call an attorney and seek legal remedies to make the transfer null and void.
If you hold a mortgage on the property, you must continue to make the payments, even though you are no longer named as the owner. Liens on the property do not change with the filing of a quit claim deed. If you want the new owner to assume financial responsibility, it's best to refinance in the person's name, so you are no longer obligated to pay.
- Nupp Legal; Oregon Quit Claim Deed; 2011
- QuitClaim.com; How to File a Quit Claim Deed; 2009
- QuitClaimDeed.com: Oregon, Quit Claim Deed, Clackamas County
- QuitClaimDeed.com: Quit Claim Deed Multnomah County - Fee's
- MortgageFit; Quit Claim Deed--Document Transferring Property-Interest; Jessica Bennet; 2005
- MortgageFit; Can a Quit Claim Deed Transfer Mortgage Debt?; Jessica Bennet; 2006
- All Things Political: Oregon Clerk Recorders