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Oklahoma Foreclosure Law and Procedure

Here is a summary of foreclosure laws and rules for the State of Ohio:

  • Lenders use either a mortgage or deed of trust.
  • Lenders primarily use a mortgage and foreclose by judicial sale.
  • After the foreclosure sale is confirmed by the court there is no redemption.
  • The lender can sue for a deficiency within 90 days after the sale.
If you are interested in reading the actual statutes relevant to mortgage and foreclosure in Oklahoma those laws are available online.
Learn more about what the above procedures and rules mean. Review the homeowner foreclosure guide on this website.
Posted by Ralph on Sat, 02/23/2008 - 17:34

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