2021 Oregon Revised Statutes
Chapter 086 - Mortgages; Trust Deeds
Section 86.722 - Correction of error concerning status or effect of trust deed; rights of bona fide purchaser.

______________________________________________________________________________
CORRECTION OF ERROR(S)
IN THE DEED AND MORTGAGE
RECORDS RELATING TO
A TRUST DEED
This instrument is recorded to provide notice of an error relating to:
Original Deed of Trust
County clerk instrument record #:
Grantor (name):
Trustee (name):
Beneficiary (name):
Assignee(s), if any (name(s)):
The error to be corrected is (check one):
[ ] Erroneous reconveyance
of trust deed
Date of recording:
County clerk instrument record #:
[ ] Erroneous recording of
Trustee’s Deed
Date of recording:
County clerk instrument record #:
The result of this error correction is (check one): [ ] The original trust deed is hereby reinstated; or [ ] The Trustee’s Deed is hereby set aside as though the erroneous instrument had not been recorded.
Date _____
Name (printed) _________
Signature _________
STATE OF OREGON )
) ss.
County of _____ )
The foregoing instrument was acknowledged before me this ___ day of ________, 2___, by ________.
____________
Notary Public for Oregon
My commission expires: ______
STATE OF OREGON )
) ss.
County of _____ )
The foregoing instrument was acknowledged before me this ___ day of ________, 2___, by ________ and by ______ of ________, a corporation on behalf of the corporation.
Notary Public for Oregon
My commission expires: ______
______________________________________________________________________________
(2) Reinstatement of a trust deed based on the correction of an error under this section does not affect the rights of a bona fide purchaser for value or of a bona fide purchaser for value holding a security interest in the real property if the purchaser acquired an interest after the erroneous trust deed reconveyance or trustee’s deed was recorded and before the error was corrected. [2009 c.628 §3]

Structure 2021 Oregon Revised Statutes