Oklahoma Foreclosures
| State |
Judicial |
Non-Judicial |
| Oklahoma |
• |
|
A Judicial Foreclosure takes place in states that require the civil court system to be involved in the process. Generally, the lender must file a civil law suit for mortgage foreclosure against the homeowner in default. The court then employs their normal civil law systems.
- The homeowner must be served with court papers stating that they are being sued and instruction that they appear in court.
- The homeowner usually has 20 days to respond to this summons.
- Once the homeowner responds the court will review to ensure the case is valid and will then set a hearing date for the case to be heard.
- If the homeowner does not respond within the 20 days, the court will assume the case is valid and proceed to set a hearing date.
- At the hearing the judge will usually award the case to the “plaintiff” (the lender), and order the property sold at public auction and the proceeds be given to the holders of the mortgages and liens against the property.
- Occasionally, a judge will give the homeowner or “defendant” additional time however, this is rare since the only “good” or “sufficient” argument against the law suit is to pay the money owed to the lender or “plaintiff”.
Click here to review Oklahoma's state legislation