Tulsa County Sheriff's sale-- http://www.tcso.org/tcsoweb/AuctionLinks.aspx
Then look at the case number of foreclosure OCIS Case Search
Birds eyeview of property http://maps.live.com/
(simply put in the address)
Ariel pictures of foreclosed homes in Tulsa Tulsa, OK Foreclosures on Yahoo! Real Estate: 1-10 of 1540 listings
A title search on the property can tell you about the house such as if the owner still owes money on it from
a second mortgage on the home or any outstanding lein on the house involving the current homeowner? (Failure to pay property or income taxes, the government could have a lien or claim against property.....which means the title will not be free and clear until all liens are paid -- and if you buy it, you will be the one who owes it
Before bidding, you You MUST check any UCC and Mechanics
liens along with the tax liens and encumbrances on the property as the county doesn't. It is your responsibility
as a bidder or certificate holder.
Tulsa County Assessor 918-596-5166 (Assessor may charge to check for tax lien.)
Tulsa County Treasurer 918-596-5071 (tax lien)
Tulsa County Clerk/Registrar of Deeds 918-596-5801 Earline Wilson 8:30-4:30
Most Oklahoma Tax Lien Auctions or sales are in October. Tax deed sales are in June.
County Court House
500 S. Denver Avenue
Tulsa, OK 74103-3838
Phone: (918) 596-5000
Oklahoma is an decent state for tax lien certificate and tax deed sales. Here is a summary of information for tax sales in Oklahoma Interest Rate County information can be hard to find, especially for smaller counties
Oklahoma tax deed sales bidding Process All tax lien auctions are by competitive bid.
About 14 states have a redemption period (a set timeframe when the old owner can buy back the house). (Does Oklahoma?) If not, once a property goes to auction the winner gets immediate ownership.
Before bidding on any property you must know who is doing the foreclosing. There can be more than one loan on a property. But only one will be doing the foreclosing. Depending on the priority of the loan, it is possible for another loan to still be owed even if you win the bid.
Basically it works like this. When a property is foreclosed on all that is owed to that particular lender is added up at the time of the auction. This will be the mortgage that wasn't paid, all the missed payments, all the late fees, the lawyer fees and any other costs in doing the foreclosure. This amount will be the opening bid. Understand that the bank is not really bidding against you (it's an expression). Merely it is the starting point for the auction. If no one bids higher the bank foreclosing will get the property. They will then turn around and sell it to try and recover what they can.
If someone bids higher then they will get the winning bid. But what you need to watch out for are any other loans against the property. They may still have a claim against the house. You see, not just first mortgages foreclose. A home equity line or second mortgage could be doing the foreclosure. Any loan "higher" then these loans would be still against the property. What you want to make sure is that the loan doing the foreclosing is the first mortgage. This is considered the "primary" or highest loan. (The only exception, and a rare one, is an IRS/tax lien.)
If there is a second mortgage and the first is doing the foreclosing the second mortgage will have to decide if it wants to bid on the house. So you could have not only private parties bidding at an auction but other loan companies that are trying to protect their smaller loans against the property by trying to buy it to resell themselves.
Short answer long, you will want to check the title yourself or pay a professional to do so before bidding to make sure that there are no surprises.
The County Sheriff's Department does not have access to any of the listed properties for viewing prior to the sale, nor are we aware if the property is currently occupied. For further information, contact the attorney listed in the published notice of sale.
As required by law, the opening bid on any property sold at Sheriff's Sale (foreclosures) will be two-third's of the appraised value.
PLACES TO FIND FORECLOSURE AUCTIONS
- Check Tulsa legal news-neighborhood news but the Tulsa County sheriff's website http://www.tcso.org/tcsoweb/AuctionLinks.aspx mentioned above is the best.
- Check legal notices in the classified section in the local newspaper.
- The office of the recorder of deeds (in your county)
- Some real estate agents specialize in foreclosures. A realtor knows what other homes in the area have recently sold for, which can help you have a better sense of the market in that area.
Avoid Internet sites and subscription services that provide foreclosure information for a fee, since many have old information and are just out to take your money.
TYPE OF FORECLOSURE
MONTHS TO FORECLOSE MINIMUM/EXPECTED
Possible and Practical
A deficiency judgment is when the house sells for less at foreclosure than what was owed, creating a deficiency for the difference between what they made on the sale and what was owed. The homeowner who was foreclosed on would still be responsible for paying the difference.
P.S. There are Workout Documents on that site to help those who are trying to save their home.