Property Deeds, Which One Do I Need?

There are four basic types of property deeds: General Warranty Deed, Special Warranty Deed, Quit Claim Deed, Sheriffs Deed.

General Warranty Deed- seller warrants the title from statehood until the time the buyer takes title. In this case, the owner of the property is guaranteeing the buyer a clear title.

Special Warranty Deed- there is more risk to the buyer here and limits the amount of the warranty. This is a common type of deed when a bank takes title to a property.

Quit Claim Deed- seen when there is a divorce situation. One party is giving the other party the interest that they have in the property.

Sheriffs Deed- usually happens during a foreclosure when the property is sold and the deed is given to the new owner. High Risk because there are no warranties on the property.

For more information on Types of Oklahoma Property Deeds, visit www.darrylbaskin.com.

For a Broken Arrow area title inspection contact Karen Burnette of FirsTitle and Abstract Services at 918-493-2241 or www.firstitle.com.

For Broken Arrow real estate needs, contact Darryl Baskin, McGraw Realtors, 918-258-2600 or www.darrylbaskin.com.