Oregon
Prepare the paperwork for a mortgage loan with these fully editable Oregon Mortgage Forms.
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Oregon Contract for Deed
If you are selling a real estate property in Oregon, you can assist the buyer by carrying part or all of the purchase price with this Contract for Deed (or purchase money mortgage).
- Under the terms of this Contract, the seller effectively becomes the mortgage lender for the balance of the purchase money.
- Title will transfer to the buyer once payment in full of all principal and interest has been received by the seller.
- The seller has the right to take back the property if the buyer defaults in payment.
- At the seller's option, the balance can be repaid by monthly payments with or without interest until paid, or monthly payments with interest for a fixed number of payments with a balloon payment at the end to pay out the balance.
- Available in MS Word format.
- Intended to be used only in the State of Oregon.
$24.99
Oregon Deed of Trust
Transfer title of an Oregon real estate property from a seller to a trustee with this Oregon Deed of Trust form.
- A Deed of Trust is often used instead of a mortgage for purchasing real property except for agricultural farm land.
- Under the Deed of Trust, title is conveyed by the seller to a trustee instead of to the purchaser. The trustee holds the title as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
- If the borrower defaults in payment, the balance becomes due and payable and the trustee may sell the property.
- The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
- Attorney's fees payable by a party under the Trust Deed shall include those awarded by an appellate court.
- The Deed secures any advances made by the lender to protect its interest in the property and rights under the Deed.
$17.99