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 called redemption. The state of Oklahoma has two types of redemption periods: a judicial sale redemption period and a non-judicial sale redemption period. The judicial sale redemption period is up to two years after the sale is completed and gives you the right to buy back your home at the price paid at the foreclosure sale, plus any costs incurred by the foreclosing party. The non-judicial sale redemption period is up to one year after the sale and gives you the right to buy back your home at the price paid at the foreclosure sale, plus costs and interest. In order to successfully purchase your home back after a foreclosure sale, you must be able to pay all the fees associated with the redemption process. These costs can include the associated foreclosure filing fees, payoff amounts, and interest. You must also be able to pay the redemption amount in full; partial payments are not accepted. Keep in mind, the redemption period is an opportunity to get your home back, but you will still be on the hook for your original loan, and the redemption purchase does not absolve you of that obligation. If you exercise your right of redemption, it is important to keep up on all payments and maintain the property until it is completely paid off. Otherwise, the foreclosing party will have the right to repossess the property, and the foreclosure process will begin all over again.

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Can I buy back my home after a foreclosure sale?

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