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Which of the following best describes a quitclaim deed used in Oregon?

Correct Answer

B) It transfers whatever interest the grantor may have without any warranties

A quitclaim deed in Oregon conveys only whatever interest the grantor actually holds at the time of transfer, with no warranties of title whatsoever. It does not guarantee clear title, is not the standard deed used in Oregon transactions (the statutory warranty deed or bargain and sale deed is more common), and does not require title insurance.

Answer Options
A
It guarantees clear title to the grantee
B
It transfers whatever interest the grantor may have without any warranties
C
It is the standard deed used in most Oregon real estate transactions
D
It requires the grantor to obtain title insurance before transfer

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Related Topics & Key Terms

Related Topics:

Statutory Warranty DeedBargain and Sale DeedTitle InsuranceORS Chapter 93Covenants of Title

Key Terms:

quitclaim deedno warrantiesORS 93.865title transferdeed types

Related Concepts

A freehold estate represents ownership of real property with an indefinite duration.

Joint tenancy is a form of co-ownership in which two or more persons hold equal, undivided interests in property with the right of survivorship. When one joint tenant dies, their interest automatically passes to the surviving joint tenants.

A leasehold estate grants the right to possess and use property for a defined period of time, without conferring ownership.

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