Escrow & Title
In Oklahoma, a tax deed is issued when:
AA property owner receives a tax refund
BA property is sold at a tax sale due to prolonged nonpayment of property taxes; the purchaser at the sale receives a tax deed conveying the county's interest✓ Correct
CThe county updates the deed records annually
DA property is refinanced
Explanation
When property taxes remain unpaid, Oklahoma counties can hold a tax sale. The winning bidder at the tax sale receives a tax deed to the property. Tax deeds convey whatever interest the county holds after the process, but title issues can arise — buyers should conduct careful due diligence.
Related Oklahoma Escrow & Title Questions
- In Oklahoma, recording a deed in the county clerk's office provides:
- An Oklahoma attorney who reviews an abstract of title and renders a title opinion is providing:
- Oklahoma's 'race-notice' recording statute means that a subsequent bona fide purchaser who records first will prevail over a prior purchaser who:
- Oklahoma's 'race-notice' recording system means that to be fully protected as a bona fide purchaser, one must:
- Oklahoma's marketable title act provides that a title chain of at least how many years is presumed to be marketable?
- In Oklahoma, a lis pendens (notice of pending litigation) recorded against a property:
- In Oklahoma, a 'chain of title' refers to:
- An Oklahoma property was deeded by a grantor who turned out to lack legal capacity (had been declared incompetent before signing). This deed is:
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