Can I buy back my home after a foreclosure sale?

Yes, you can buy back your home after a foreclosure sale in Oklahoma. The process is complicated but not impossible. Generally, you must contact the lender or other entity that now owns the property and make arrangements to do a deed-in-lieu of foreclosure. This essentially involves you selling the property back to the lender for an amount that is less than what they paid for it at the foreclosure sale. The lender will then credit you for the balance of the loan. If the lender agrees to the deed-in-lieu of foreclosure, you are still responsible for any remaining debt that the lender may have acquired against the property. The lender may also set other conditions before they agree to the deed-in-lieu of foreclosure, such as requiring you to pay them back the full amount of the loan or requiring you to turn over any proceeds from the sale of the property to satisfy the debt. Another option is to redeem the property after the foreclosure sale. In Oklahoma, you have three months after the sale to redeem the property by paying the purchaser the full amount of the purchase price plus the costs of the sale. If you are able to come up with the money, you will be able to repurchase the property with no other conditions. Knowing your rights and options after a foreclosure sale is key to determining if you can buy back your home. Make sure you speak with a knowledgeable attorney before making any decisions.

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Can I buy back my home after a foreclosure sale?

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