Legal Site - Online services division of McKimmey Law Office, Shawnee, Oklahoma. Legal forms, documents and pleadings for use in Oklahoma.

McKIMMEY LAW OFFICE, P.C.
24 E. Highland
Shawnee, Oklahoma 74801
Telephone: 405-275-3564
Fax: 405-225-7635
legalsite@yahoo.com

Preparation of Contract For Deed
We Never Sell Just Forms - We Professionally prepare What You Need!

[

] [ Amortization Schedule ] [ Certificate of Incorporation ] [ Divorce - Waiver Set ] [ Contract For Deed ] [ Deed Preparation ] [ Termination of Joint Tenancy ] [ Termination of Life Estate ] [ Transfer on Death Deed ] [ Medical Authorization for Care of Minor ] [ Change of Name ] [ Power of Attorney ] [ Pre-Nuptial Agreement ] [ Promissory Note ] [ Release of Mortgage ] [ Release of Judgment ] [ Vacate Divorce Decree ]

line

What is a Contract For Deed?

It is a contract whereby the owner(s) of Real Estate agree to sell the real estate to a purchaser(s).

Normally Possession of the property will be given upon execution of the Contract for Deed, but Title will not pass to the purchasers until after the property is paid for. i.e. The Seller still owns the property subject to the equitable claim of the purchaser

The Contract for Deed serves the purposes of an agreement to sell; the terms of payment for the property; and security for the money owed on the purchase - all in one instrument.

Since the owner(s) of the property remains the owner(s) after the execution of the Contract for Deed the purchaser cannot sell or grant a valid decurity interest on the property without the permission of the owner(s).

The Contract for Deed must be recorded in the office of County Clerk of the County where the real estate is located to protect the interest of the parties.

In the event the Puchaser defaults the Contract For Deed must be foreclosed the same as a mortgage. 16 O.S, Section 11A

We Charge $135.00 For The Service

Full names of all persons who Now own the property:
Show Names Exactly As they Appear On Deed They Received
These Will be the Grantors On The Contract For Deed We Prepare

First Person ( Grantor ) -

What is This Person's Marital Status?

Married
Single

Full Name of This Person's Spouse, if married

The Spouse Must Sign the Contract For Deed even If not Shown to be an owner of record.

Second Person ( Grantor ) -

What is This Person's Marital Status?

Married
Single

Full Name of This Person's Spouse, if married

The Spouse Must Sign the Contract For Deed even If not Shown to be an owner of record.

Names of All persons who Will Be Shown on the Contract as the Purchasers of property:
These Will be the Grantees On The Contract For Deed We Prepare

First Person ( Grantee ) -

What is This Person's Marital Status?

Married
Single

Second Person ( Grantee ) -

What is This Person's Marital Status?

Married
Single

Are These Persons Married To Each Other?

- Yes - - No

Are These Persons Going to Be Joint Tenants With Right of Survivorship?

- Yes - - No

Who Will Pay Property Taxes Until the Property is Paid For?

- Grantor
- Grantee

If the Purchaser is required to Pay Taxes and doesn't may the Seller
Pay them and add the cost to the principal of the note?

- Yes
- No

Is Purchaser required to carry insurance covering loss to the
real estate in an amount equal to the balance due

- Yes
- No

If the Purchaser is required to Carry Insurance and doesn't may
the Seller Purchase insurance and add the cost to the principal of the note?

- Yes
- No

If the Purchaser is required to Pay Taxes and doesn't may the Seller Pay them and add the cost to the principal of the note?

- Yes
- No

If the Purchaser is late in making a payment is there a late charge?

- Yes
- No

Number of Days Late:
Amount of late Charge:

What Kind of Deed Do You Want Delivered?

- Warranty Deed
- Quit Claim Deed

County & State Where Real Estate Is Located
County - State -

Legal Description of Property - Exactly As It Appears on the Old Deed:

Please add any comments you have below:

Information About Payment

Total Purchase Price - ( Dollars and Cents ):
Down Payment - ( Dollars and Cents ):
Principal of the Note - ( Dollars and Cents ):

Annual Percentage Rate of Interest:

Month, Day and Year of First Payment:

Amount of Payment Agreed:
If you have not agreed to a monthly payment leave blank!

Total Number of Payments To Be Made:
If you have agreed to a monthly payment amount leave blank

How Often are Payments To Be Made:

- Monthly
- Bi-Monthly
- Weekly
- Quarterly
- Annual

If There Are Two Lenders - Are They Married? - - Yes - No

If There Are Two Lenders - Are They joint tenants? - - Yes - No

Send Completed Contract For Deed To:

Full Name - First, Middle, Last:

Mailing address:

Street address or P.O. Box:

City:

State or Province:

Zip or Postal Code:

County:

Telephone:

Fax:

E-mail address:

Please Scroll Page to Be Sure the Information is Correct
rainbow2

For Copy of Information you send - Cut and Paste or Print Next Page

To Complete Purchase Order Press Buy Now Button

legalsite@yahoo.com

Other Services Now Offered
[ ] [ Amortization Schedule ] [ Certificate of Incorporation ] [ Divorce - Waiver Set ] [ Contract For Deed ] [ Deed Preparation ] [ Termination of Joint Tenancy ] [ Termination of Life Estate ] [ Transfer on Death Deed ] [ Medical Authorization for Care of Minor ] [ Change of Name ] [ Power of Attorney ] [ Pre-Nuptial Agreement ] [ Promissory Note ] [ Release of Mortgage ] [ Release of Judgment ] [ Vacate Divorce Decree ]

- 2001 - 2012 - McKimmey Law Office, P.C.

McKimmey Law Office, P.C. Wills - Probate - Real Estate - Civil Rights Pre-Nuptial Agreements Common Law Marriage Schedule of Fees & Services

11-11-12