Legal Question in Real Estate Law in Oregon

My boyfriend and I own a home together. I am moving out of the house, and we have agreed on an amount of money to buy me out. I will not get all the money up front. How can I get a legal and binding agreement? We plan on filing a quit claim deed, and he will take over the mortgage under his name only (We have contacted our mortgage holder).

Thank you for you help. Susie


Asked on 1/25/11, 1:56 pm

1 Answer from Attorneys
Daniel Meek Daniel W. Meek

Best action would be to hire a lawyer.

Second best would be to use a legal form produced by the local law publishing company, Stevens-Ness. I would think that this form would work:

Form Detail

Form Number: 704

Form Title: Real Estate Contract, Partial Payments

Publisher: Stevens-Ness Law Publishing Co.

The form is designed for use in Oregon

You can preview and buy it at http://www.stevens-ness.com/store/detail.cfm?fID=438

Of you can go to the nearest Stevens-Ness store downtown and get that form or ask if there is a better form for your situation.

The forms are also available elsewhere in Oregon. Go to http://www.stevens-ness.com/dealers.cfm?userLoc=97204 for a list of locations (or enter your own zip code in the URL, instead of 97204).

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Answered on 1/27/11, 4:23 pm


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