Oregon Assignment of Trust Deed by Beneficiary or Successor in Interest

Oregon Assignment of Trust Deed by Beneficiary or Successor in Interest Information

In this form the assignment/transfer of a Trust Deed/Deed of Trust is made by the beneficiary/lender or successor in interest.

("Trust deed" means a deed executed in conformity with ORS 86.705 (Definitions for ORS 86.705 to 86.815) to 86.815 (Time within which foreclosure must be commenced) that conveys an interest in real property to a trustee in trust to secure the performance of an obligation the grantor or other person named in the deed owes to a beneficiary.) (ORS 86.705(8))

("Beneficiary" means a person named or otherwise designated in a trust deed as the person for whose benefit a trust deed is given, or the person's successor in interest, and who is not the trustee unless the beneficiary is qualified to be a trustee under ORS 86.713 (Qualifications of trustee) (1)(b)(D).) (ORS 86.705(2))

ORS 86.060 Assignment of mortgage Mortgages may be assigned by an instrument in writing, executed and acknowledged with the same formality as required in deeds and mortgages of real property, and recorded in the records of mortgages of the county where the land is situated.

ORS 86.715 Trust deed deemed to be mortgage on real property A trust deed is deemed to be a mortgage on real property and is subject to all laws relating to mortgages on real property except to the extent that such laws are inconsistent with the provisions of ORS 86.705 (Definitions for ORS 86.705 to 86.815) to 86.815 (Time within which foreclosure must be commenced), in which event the provisions of ORS 86.705 (Definitions for ORS 86.705 to 86.815) to 86.815 (Time within which foreclosure must be commenced) shall control. For the purpose of applying the mortgage laws, the grantor in a trust deed is deemed the mortgagor and the beneficiary is deemed the mortgagee.

Included are "Notice of Assignment of Trust Deed" forms. The current Mortgagor/Borrower/Grantor must be notified of the assignment, generally within 30 days to avoid penalty.

ORS 86.080 Record of assignment not notice to mortgagor
The recording of the assignment of a mortgage is not of itself notice of such assignment to the mortgagor, or the heirs or personal representatives of the mortgagor, so as to invalidate a payment made by any of them to the mortgagee.

For use in Oregon only.

Deeds.com Oregon Assignment of Trust Deed by Beneficiary or Successor in Interest Forms Have Been Updated as Recently as Wednesday March 15, 2023

4.8 out of 5 (3966 Reviews)

What others like you are saying:

Joni F. said: It was easy to navigate and I found my information without any trouble.

Reply from Staff: Thank you!

Christopher H. said: So far, everything we have needed was easy to find, fill out and understand. If it all works out as it should, this site will have a customer for life.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!

Thomas K. said: I never did this before and I found the service easy however confusing about the process and expectations. I had a trust prepared and needed to record our home deed to the trust. Now that I am almost finished waiting for the Maricopa county record the deed it seems so easy.

Reply from Staff: Thank you!

Robert C. said: I hope I have the right form. My deed should be for a mfg home.

Reply from Staff: Thank you for your feedback. We really appreciate it. Have a great day!

richard s. said: had exactly what i needed and good price

Reply from Staff: Thank you Richard! Have an amazing day.

Deana A. said: Great forms and info, easy step-by-step guidance.

Reply from Staff: Thank you!