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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.
If your name is on the mortgage, but not the deed, this means that you are not an owner of the home. Rather, you are simply a co-signer on the mortgage. Because your name is on the mortgage, you are obligated to pay the payments on the loan just as the individual who owns the home.
A special warranty deed (also called a grant deed, covenant deed, or limited warranty deed) is a deed form that transfers property with a warranty of title limited to the period when the signing owner owned the property. A special warranty requires special language to ensure that the deed qualifies.
An Oklahoma deed of trust designates a trustee to retain a borrowers real estate title until a loan has been repaid to a lender. The deed serves as a guarantee of repayment; if a bdocHub or loan default occurs, the trustee can seize the property to recoup their investment.
You will need to have the quitclaim deed docHubd with the signatures of you and your spouse. Once this is done, the quitclaim deed replaces your former deed and the property officially is in both of your names. You must record the deed at your county office.
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Because of this, deeds of trusts can be preferable, especially for smaller, non-traditional lenders.Start Deed of Trust. StateMortgage allowedDeed of trust allowedOklahomaYOregonYPennsylvaniaYRhode IslandY47 more rows
A deed of trust is an agreement between a home buyer and a lender at the closing of a property. It states that the home buyer will repay the loan and that the mortgage lender will hold the legal title to the property until the loan is fully paid.
Both spouses must sign a deed if the owner is married and the real estate qualifies as a homesteadunless the non-owner spouse resides outside Oklahoma.
An Oklahoma special warranty deed is a legal document transferring Oklahoma real estate with limited warranty of title. Unlike general warranty deeds and quitclaim deeds, Oklahoma does not expressly authorize special warranty deeds by statute.
It guarantees a real estate transaction between a lender and a borrower. A Deed of Trust definition is most easily expressed as an agreement between a borrower, a lender and a third party known as the Trustee. Deeds of Trust work in a simple manner: a lender gives money to a borrower for a home purchase.

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