Form 961 – Fill Out and Use This PDF

Form 961 PDF Details

The Form No. 961, known as the Bargain and Sale Deed – Statutory Form, plays a pivotal role in real estate transactions within Oregon. Prepared by the Stevens-Ness Law Publishing Co. in Portland, this document ensures the legal transfer of property from a seller (grantor) to a buyer (grantee). It includes essential information such as the names and addresses of both parties involved in the transaction, a detailed description of the property being conveyed, and the consideration amount for the transfer. Furthermore, it touches upon legal requirements related to the conveyance, including compliance with Oregon Revised Statutes (ORS) and other local land use laws and regulations. Before the execution of this deed, it advises the transferor to understand their rights under specific ORS sections and urges the transferee to verify the lawful establishment of the land parcel and its approved uses with local planning departments. This deed, once signed and acknowledged before a notary public, and if applicable, including references to Oregon Laws 2007, Chapter 866, Section 3, holds legal significance in ensuring that the transfer of property adheres to state statutory requirements. It is a crucial document that facilitates the change of ownership in real property, signifying the completion of the transaction after it is recorded in the county records, as evidenced by the space reserved for the recorder’s use.