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A Deed of Sale is a contract where the seller delivers property to the buyer and the buyer pays the purchase price. The Deed of Sale results in ownership over the property being transferred to the buyer upon its delivery.
The contract for deed is a much faster and less costly transaction to execute than a traditional, purchase-money mortgage. In a typical contract for deed, there are no origination fees, formal applications, or high closing and settlement costs.
An Oklahoma general warranty deed is a written, signed instrument for legally transferring title to Oklahoma real estate. 1. A general warranty deedor just warranty deed in the Oklahoma statuteis distinct from other Oklahoma deed forms because it transfers real estate with complete warranty of title.
A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
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The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the propertyif any. No warranties or promises regarding the quality of the title are made.
The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes docHub covenants or warranties conveyed by the grantor to the grantee.
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
Pros and Cons of a Contract for Deed Pro 1: Flexibility. Typically, when homebuyers set out to purchase a new home, there are several rules that must be followed. Pro 2: Less Time Waiting. Con 1: In Case of Default. Con 2: Higher Interest Rates.
A Warranty Deed is the best of the best. It protects you from all future and past issues with property title and any outstanding debts or liens.

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