An Oklahoma deed of trust transfers a home loan borrower’s title to a trustee until they finish repaying the loan. The deed establishes the trustee as the title holder for the duration of the arrangement, allowing them to foreclose the property if the borrower fails to repay the loan by the set deadline. State law allows deed of trust foreclosures to be done without court proceedings.
An Oklahoma deed of trust transfers a home loan borrower’s title to a trustee until they finish repaying the loan. The deed establishes the trustee as the title holder for the duration of the arrangement, allowing them to foreclose the property if the borrower fails to repay the loan by the set deadline. State law allows deed of trust foreclosures to be done without court proceedings.
Deeds of trust must be notarized and signed by the grantor (and spouse for homesteads).[1] The document must be formatted as follows and recorded with the County Clerk[2]:
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