Oklahoma Foreclosure Law

Facts:

Judicial Foreclosure Available:     Yes

Non-Judicial Foreclosure Available:       Yes

Primary Security Instruments:      Deed of Trust or Mortgage

Timeline:      Approximately 90 Days

Right of Redemption:       None, upon confirmation of sale

Deficiency Judgments Allowed:       Yes, within time limits of filing

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Quick Summary:

In Oklahoma, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. 

 

The foreclosure timeline in Oklahoma is approximately 90 days from the time you miss your first payment until a Notice of Default or Notice of Sale is issued to your actual foreclosure date and sale.

Oklahoma borrowers do not have the right of redemption upon a confirmation of slae and are allowed deficiency judgments only within the time limitations of a filing.

For more information on Oklahoma Foreclosure laws and regulations visit  http://www.ncsl.org/public/leglinks.cfm and click on your state.

Or Contact:

Oklahoma's Attorney General's Office
112 State Capitol
Oklahoma City, OK 73105
Ph: (405) 521-3921
Fax: (405) 521-6246