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A quitclaim deed effectively transfers whatever interest the current owner can transfer when signing the deedincluding any interest that vests in the future. The new owner, though, cannot sue the current owner for bdocHub of warranty if the transferred interest ends up being invalid or flawed.
A quitclaim deed effectively transfers whatever interest the current owner can transfer when signing the deedincluding any interest that vests in the future. The new owner, though, cannot sue the current owner for bdocHub of warranty if the transferred interest ends up being invalid or flawed.
Recording. Oklahoma deeds are recorded with the registrar of deedspart of the county clerks officeof the county where the real estate is situated. If a parcel rests in more than one county, a certified copy of a deed recorded in one county may be recorded in other counties. Recording Fees.
If Your Deed Is Not Recorded, the Property Could Be Sold Out From Under You (and Other Scary Scenarios) In practical terms, failure to have your property deed recorded would mean that, if you ever wanted to sell, refinance your mortgage, or execute a home equity line of credit, you could not do so.
In Oklahoma, interest in real property can be transferred from one party to another by executing a quitclaim deed. Quitclaim deeds are statutory in Oklahoma under 16 O.S. Section 41, and they convey all the right, title, and interest of the grantor to and in the property (16 O.S. Section 18).
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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.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
The key legal requirements for a document to be a formal deed are: The document must be in writing. The document must make clear that it is intended to be a deed known as the face value requirement. The document must be properly executed as a deed. The document must be delivered.
Per state law, an Oklahoma quitclaim deed must be in writing, describe the property, and be signed by the grantor. The grantors signature must be acknowledged and the deed must be recorded. When recording the deed, you will need to pay a recording fee and a documentary stamp tax, which is a transfer tax.
No guarantees to the new owner: Unlike a warranty deed, a quitclaim deed does not guarantee that a property is free from title defects such as tax liens or title claims from third parties. For this reason, it is a poor legal instrument to use when selling a piece of property for cash considerations.

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