After purchasing a home, there are certain requirements that need to be met in order to legally sell the residence. One of those requirements is that the seller must transfer ownership to the buyer outright. If the seller lacks the proper paperwork to prove ownership, then the transaction cannot go through. A quit claim deed is the perfect solution to this problem. With the help of a quit claim deed form, all concerns about ownership and title can be laid to rest.
Though there is not much cost associated with a quit claim deed, there is still money involved. An attorney will need to draw up the documents for free, although there may be additional fees depending on the size of the transaction. Also, do not forget that when the seller transfers the deed over, they are transferring the original deed; therefore, there can be additional costs involved if you, the seller, do not handle the paperwork properly.
However, you can of course find quitclaim deed in Oregon templates online at websites where legal forms are available at a small cost or completely for free.
If you want some other person to deal with the property transaction, you should get a power of attorney.
There are two types of powers of attorney: General and Limited. A General power of attorney is broad and covers many aspects of your life. Limited powers of attorney cover only certain parts of your life. For example, a Limited power of attorney might allow a person to manage your property purchase while you are still able to do so yourself.
While it might seem tempting to call your bank manager and ask him to handle everything, do yourself a favor and contact a local attorney instead. Lawyers have experience working with real estate transactions and can give you valuable advice on how to proceed. They will also be able to walk you through the process of drafting the necessary documents.
However, you can also start by downloading a quit claim deed template from the web and customizing it for your own specific circumstances.