![]() Oregon’s true and actual consideration requirement prevents the parties’ use of nominal consideration (for example, $10.00), as is common in other states. 11 In this context, c onsideration means cash paid and the amount of any lien, mortgage, indebtedness, or other encumbrance existing against the property or which the purchaser agrees to pay or assume. Oregon law requires deeds conveying complete title to real estate to identify the “true and actual consideration paid for the transfer,” stated as a dollar amount on a deed’s first page. True and Actual Consideration Requirement.If neither the necessary first-page information nor a cover sheet is present, the clerk may still accept the deed and assess an additional $20.00 non-confirming document fee. County clerks charge an additional $5.00 recording fee for cover sheets. When used, a cover sheet becomes part of the recorded deed. If a deed’s first page omits the necessary information, the deed may be accompanied by a cover sheet that includes all necessary items. The first-page information assists the clerk in properly documenting the transaction. The name and address where future tax statements should be directed-identified in substantially the following form: “Until a change is requested, all tax statements shall be sent to the following address: (Name and address for tax statements).” 9.The “true and actual consideration” for the transfer ( i.e., the actual amount paid for the property) 8.A return address where the clerk will return the deed within ten business days after recording 7.The names of the current owner of the real estate-the grantor-and the new property owner-the grantee 6.A clearly labeled title with sufficient detail to allow the clerk to record the deed in the appropriate records 5. ![]() The following items must appear on the first page of a deed submitted for recording in Oregon: The blank space should be at least 3 ½ x 2 ½ inches. An Oregon deed should have a blank space in the top, righthand corner of the first page for the clerk’s recording ticket. A clerk who determines that a deed is illegible may require the person requesting recording to provide a legible substitute original document or a legible true copy for recording alongside the original. The text of an Oregon deed presented for recording must be sufficiently legible to produce readable photographic copies. Clerks’ offices recommend at least 20-pound weight. ![]() Paper used for a deed must be of sufficient quality to allow photographic reproduction. In practice, deeds are typically printed on white, letter-size paper (8 ½ x 11 inches). An Oregon deed must be printed on paper no larger than 8 ½ inches wide by 14 inches long (legal size). An Oregon deed’s text must be typed, written, or printed in 8-point font or larger. ![]() Use our online deed creation service to create a deed online to transfer Oregon real estate. Each deed we create is attorney-designed to meet the requirements of Oregon law. ![]()
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