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Final Notice of Forfeiture and Request to Vacate Property under Contract for Deed - Oklahoma

Final Notice of Forfeiture and Request to Vacate Property under Contract for Deed - Oklahoma 2026

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This document is a final notice of forfeiture and demand for a purchaser to vacate a property due to failure to comply with the terms of a contract for deed. It outlines the purchaser's default, the lack of compliance with a previous notice, and states that all rights to the property have been forfeited, requiring the purchaser to vacate within ten days or face eviction.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the names of the Seller and Purchaser in the designated fields. Ensure accuracy as this information is crucial for legal clarity.
Fill in the property address where indicated. This should be the exact location tied to the contract for deed.
Review each notice point carefully, ensuring that all relevant details regarding defaults are clearly stated. You may need to customize this section based on your specific situation.
Indicate the date of the notice at the bottom of the form, ensuring it reflects when you are issuing this final notice.
Finally, sign and print your name in the appropriate fields to validate the document before sending it out.

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What does it mean to forfeit a contract?

Forfeit or forfeiture means losing a right, privilege, or property without compensation as a consequence of violating the law, bdocHubing a legal obligation, failing to perform a contractual obligation or condition, or neglecting a legal duty. Under federal law, there are civil, criminal, and administrative forfeitures.

What does forfeiture mean in real estate?

Forfeiture is a legal mechanism whereby the government can take property that is used or acquired illegally, especially property associated with illicit drug trafficking.

Is forfeiture the same as foreclosure?

No, forfeiture is not foreclosure. If your property is in forfeiture, you still have 1 year before it will be foreclosed. However, the interest and fees will be higher. When a property is forfeited, the interest rate goes from 1% per month to 1.5% per month back to the date the taxes became delinquent.