This form is a Warranty Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and warrants the described property to the Grantees. This deed complies with all state statutory laws.
Oklahoma Warranty Deed from Individual to Two Individuals
Category:
State:
Oklahoma
Control #:
OK-040-78
Format:
Word;
Rich Text
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How to fill out Oklahoma Warranty Deed From Individual To Two Individuals?
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FAQ
A personal representative deed and warranty deed are the same only in that they both convey ownership of land. The types of title assurance that the different deeds provide to the new owner are very different.
Used to transfer property rights from a deceased person's estate. Involves Probate Court. Like a Quit Claim deed, there are no warranties. Generally, the Personal Representative is unwilling to warrant or promise anything relating to property that he/she has never personally owned.
In Oklahoma, title to real property can be transferred from one party to another by executing a special warranty deed. A special warranty deed conveys an interest in real property to the named grantee with limited warranties of title.Generally, real property is owned in either sole ownership or in co-ownership.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
A deed, of course, is a legal document representing property ownership. But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.
Laws § 16-40. Recording (A§ 16-16) Must be filed with the Register of Deeds in the County where the property is located. Signing (A§ 16-26) The Grantor(s) are required to sign this form in the presence of a Notary Public. Step 1 Write in the date of the deed. Step 2 Fill in the name of the person selling.
How can I get a copy of my deed? The County Clerk's office "officially" records all deeds, liens, & mortgages related to properties (Registrar of deeds). Once a deed is officially recorded, it usually takes 3-4 business days to reflect the change on the Assessor's website.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.
Step 1 Fill in the grantor's name and address along with indicating whether or not the grantor is married. Step 2 Enter the consideration to be paid for the property. Step 3 Write in the grantee's name and address and check the box showing how they intend to hold the property.