How long do I have to stay in my home after a foreclosure?

If you are a homeowner in Oklahoma facing the possibility of a foreclosure, it is important to understand the laws regarding the matter. The amount of time that you are allowed to remain in your home after a foreclosure may depend on the type of foreclosure that is taking place. In Oklahoma, a non-judicial foreclosure (wherein the lender does not go to court to file) typically allows you to remain in the home for 10 days after a foreclosure sale. This means that the lender can require you to leave the home, with only 10 days notice, once the foreclosure sale has taken place. On the other hand, with a judicial foreclosure (which requires a court order to proceed) you may be able to remain in the home for up to 45 days after the foreclosure sale, according to the Oklahoma Statutes Annotated. This may offer a bit more time to find an alternate place to live, compared to a non-judicial foreclosure. Finally, if you are facing foreclosure, it is important to speak with a qualified attorney who can provide you with additional information regarding the foreclosure laws in Oklahoma. An attorney can also provide you with more detailed information regarding the amount of time that you may have to remain in your home after a foreclosure has taken place.

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