Oklahoma Foreclosure Process

The Oklahoma foreclosure process can occur quickly but you need to remain in touch with the lender if you want to keep your home. It is important to know how long this process takes, what to expect, and how to save your home.

The Oklahoma foreclosure process can occur within 6 months to a year. There is never really a guaranteed time frame that it takes to foreclose on a home because everyone’s situation is different and if you want to save your home then a lender may take their time on filing documents if you are keeping in touch with them and proving to them that you are serious about getting caught up.

A bank will work with you if you remain in communication with them at all times about your mortgage and you give them all of the information that they need. When you do this you show the lender that you are serious and they may give you more time. A lender may also give you affordable options to get caught up on your mortgage so your home doesn’t have to go to an auction.

If you are unable to get caught up on your mortgage payments you will be required to sell your home if you want to avoid a foreclosure on your credit. This is the only option if you don’t want the 7 years of damage on your credit report or you don’t want to be forced to file bankruptcy so you can buy a new home some other day. A bank will allow you to do a short sale if you ask them. Lenders have tons of options when you are looking at the Oklahoma foreclosure process and about to lose your home. This is a serious situation and the lender will work with you.

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