What type of foreclosure process is used in Oklahoma?

Oklahoma is a judicial foreclosure state, meaning the foreclosure must proceed through the courts. A lender must file a lawsuit against the borrower to obtain a court order authorizing the sale of the property.

How long does the foreclosure process typically take?

From petition filing to sheriff’s sale, the process generally takes 120 to 180 days, assuming uncontested proceedings. Delays can occur if the borrower files responsive pleadings or requests bankruptcy protection.

Can a lender recover a deficiency judgment in Oklahoma?

Yes. If the property is sold for less than the amount owed, the lender can seek a deficiency judgment. However, it must be requested within 90 days of the foreclosure sale and supported by evidence of the fair market value.

What if the borrower files for bankruptcy?

A foreclosure must halt immediately upon a borrower's bankruptcy filing due to the automatic stay. However, we regularly obtain relief from stay orders allowing our clients to proceed with foreclosure once certain conditions are met.

Do you handle both residential and commercial foreclosures?

Yes. Our firm handles residential, commercial, and agricultural property foreclosures, including complex loan portfolios involving non-performing assets, multi-property suits, and defaulted SBA or HUD-backed loans.

What happens if the property has title defects?

We conduct a full title examination prior to filing and, if needed, initiate quiet title actions or curative litigation to resolve clouds on title, incorrect lien recordings, or mobile home detachment issues.

Can Lamun Mock assist with pre-foreclosure workout strategies?

Absolutely. We assist clients with loss mitigation options such as deed-in-lieu agreements, loan modifications, and forbearance arrangements — particularly for lenders seeking to preserve collateral value while avoiding litigation.

Do you handle evictions post-foreclosure?

Yes. Once the foreclosure sale is confirmed and the redemption period ends, we can initiate forcible entry and detainer (FED) proceedings to lawfully remove occupants or tenants.

How can I start a foreclosure case with your firm?

You can email us at referral@lamunmock.com or call (405) 840-5900 to speak directly with a foreclosure attorney. We’ll walk you through required documentation and begin title review within 48 hours.