Escrow & Title
An Oklahoma title company discovers that a property was conveyed by an executor who did not have authority to sell because the probate was not properly completed. This would be disclosed in a title search as:
AA minor irregularity that does not need attention
BA defect in the chain of title that could potentially render the subsequent conveyances voidable; title insurance may cover this risk or the defect may need to be cured✓ Correct
COnly a tax issue, not a title problem
DSomething that the new buyer's deed automatically corrects
Explanation
An unauthorized conveyance by an executor or other fiduciary can create a serious title defect because the grantor lacked authority to convey. This must be disclosed and may require curative action (re-probating the estate, affidavit of heirship, or quiet title action) before clear title can be issued.
Related Oklahoma Escrow & Title Questions
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