An Oregon Deed of Trust is defined in the Oregon Revised Statutes as a deed that conveys an interest in real property to a trustee to secure the performance of an obligation the grantor owes to a beneficiary (ORS 86.705). As clear from the definition, the deed includes a grantor (that is called in some states as the trustor), a trustee, and a beneficiary. Not every individual or entity can be a trustee, therefore, before choosing or appointing a trustee for your deed you shall look through Section 86.713 of the statutes and ensure your trustee has the required qualification. It can be an attorney who is an active member of the Oregon State Bar, a licensed escrow agent, an authorized financial institution, etc.
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