WHO IS LEGAL OWNER OF THE PROPERTY?

[JustJenny0512]

In the state of Oregon, lets say Person A is buying a property owner finance from Person B and defaults somehow. Person A decides to use an Estoppel Deed in Lieu of Foreclosure Agreement to convey the property back to Person B. The agreement has a specific clause that states person B will not be deemed to have accepted the conveyance of the property back from Person A until Person B signs and records the Deed with the clerk of the county where the property is located. Person A signs the agreement on October 19, 2019, but Person B doesn't sign and record the deed until February 25, 2021. Does that mean Person A retains legal ownership of the property until February 25, 2021, when Person B signs and records the deed as required by the clause in the agreement?

 

[Zigner]

Persons A & B need to speak to attorneys, not an internet forum.

 

[Zigner]

Oh, and STOP MAKING NEW THREADS FOR THE SAME MATTER

 

[Just Blue]

In the state of Oregon, lets say Person A is buying a property owner finance from Person B and defaults somehow. Person A decides to use an Estoppel Deed in Lieu of Foreclosure Agreement to convey the property back to Person B. The agreement has a specific clause that states person B will not be deemed to have accepted the conveyance of the property back from Person A until Person B signs and records the Deed with the clerk of the county where the property is located. Person A signs the agreement on October 19, 2019, but Person B doesn't sign and record the deed until February 25, 2021. Does that mean Person A retains legal ownership of the property until February 25, 2021, when Person B signs and records the deed as required by the clause in the agreement?

Post any/all questions re this issue on your original thread. Thank You.

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