In Oklahoma, the foreclosure process can begin in one to two ways. A lender may file a lawsuit if there is no power of sale in the loan documents for the property. Public notice occurs when the lawsuit is filed and in any manner deemed appropriate by the court. If there is a power of sale in the loan documents, a lender must provide the public notice indicated in the power of sale clause. If the power of sale clause is silent about public notice then the lender must file a Notice of Intent to Foreclosure with the county clerk and publish it daily in a local newspaper for four consecutive weeks.
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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified foreclosure lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local foreclosure attorney to discuss your specific legal situation.
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