Oklahoma Quitclaim and Bill of Sale of Pipeline
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How to fill out Quitclaim And Bill Of Sale Of Pipeline?
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FAQ
Laws Recording (16 Okl. St. Ann. § 16) ? A quit claim deed must be filed with the local County Clerk's Office along with the required filing fee (varies by location). Signing (16 Okl. St. Ann. ... Statute ? 16 Okl. St. Ann.
The fee amount is $25.00 for recording the first page and $10.00 for each additional page. Documentary Stamp Tax. A deed transferring purchased real estate must have a documentary stamp showing payment of the transfer tax?called a documentary stamp tax?before filing.
A quitclaim deed to real estate may be substantially the same as a warranty deed, with the word "quitclaim" inserted in connection with the words "do hereby grant, bargain, sell and convey," as follows: "Do hereby quitclaim, grant, bargain, sell and convey," and by omitting the words, "and warrant the title to the same ...
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.
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.
A quitclaim deed is signed by the grantor but not always the guarantee, or person receiving the property.
