What are the foreclosure timelines in my state?

In Oklahoma, the foreclosure process follows specific timelines in order to protect a homeowner’s rights and financial security. These timelines depend on the type of loan used to purchase the home. If the loan was secured with a promissory note, the lender must file a lawsuit in court in order to proceed with the foreclosure process. Once the lawsuit is filed, the court will issue an order of sale within 10 days. The borrower will also receive notice of the lawsuit, as well as a copy of the order of sale. They have 21 days to respond to the complaint and request a hearing. If no response or hearing is requested, the court will issue a judgment of foreclosure. If the loan was secured with a deed of trust or mortgage, the lender can proceed with a non-judicial foreclosure process. The first step of the non-judicial foreclosure process is for the lender to send a notice of intent to foreclose to the borrower. This must occur at least 30 days prior to initiating the foreclosure sale. The borrower then has the right to redeem the property within three months of receiving the notice. If the loan is not redeemed during that time, the lender can initiate the foreclosure sale. In either case, the foreclosure process in Oklahoma must take no less than 120 days from the time the notice of intent to foreclose is received by the borrower.

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What are the foreclosure timelines in my state?

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