An Oklahoma Mortgagee's Deed is a legal document that is used to transfer the title of a property from a borrower to the lender in the event of a foreclosure. This document is usually executed when the borrower has failed to make payments on their mortgage and the lender has initiated foreclosure proceedings. The Oklahoma Mortgagee's Deed is a type of deed that is used in conjunction with a mortgage to secure the loan. It allows the lender to take possession of the property in the event of a foreclosure. There are two types of Oklahoma Mortgagee's Deed: the Statutory Mortgagee's Deed and the Special Mortgagee's Deed. The Statutory Mortgagee's Deed is used when the borrower has defaulted on the loan and the foreclosure process has been completed. The Special Mortgagee's Deed is used when the borrower has made payments on the loan but has taken action that has caused the lender to foreclose on the property.