This form authorizes the chancery clerk or the recorder of deeds to release from the deed of trust or mortgage certain property described in the document.
Oklahoma Deed of Trust - Release
State:
Multi-State
Control #:
US-00489
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Deed Of Trust - Release?
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FAQ
The customary security instrument utilized in Oklahoma is the Mortgage. Every Deed of Trust on real property, intended as a security instrument, shall be subject to all statutory provisions and laws relating to mortgages.
A quitclaim deed must meet all state and local standards for recorded instruments. Sign the deed in the presence of a notary public and record at the clerk's office in the county where the property is located for a valid transfer. Contact the same office to verify accepted forms of payment.
Oklahoma deeds must meet the following signature requirements: Signatures. The current owner of the transferred real estate must sign an Oklahoma deed. ... Notarization. The current owner's signature must be acknowledged under seal by a notary or other authorized officer. ... Spousal Signature for Homestead. ... Trust as Party.
Through a deed of release of mortgage, also called a release of deed of trust, the lender agrees to remove the deed of trust, which is the document containing all of the mortgage's terms and conditions that is filed at the beginning of the mortgage process.
The Office of Registrar of Deeds is vitally important to the ownership of real properties within Oklahoma County. It is the repository of all real property title and lien documents in the county and provides the historic record of ownership of each tract of land.
Not recording a deed can cause problems for the grantee. They may be unable to obtain a mortgage, insure the property, or sell it. Even more problematic, an unrecorded deed may make it possible for the grantor to sell the property to a buyer and subsequently sell the same property to a different buyer.
A deed is a physical legal instrument that records the sale or transfer of property. It must be executed pursuant to the laws of the jurisdiction of where the property is located.
