Oklahoma City Foreclosures

[Braden Downs]

I've spent the past couple hours looking for forum posts related to foreclosures and I haven't found much.

I would like to hear from people who have purchased foreclosed homes in the OKC area, or at least Oklahoma. This could be advice, examples of deals, pricing, etc. 

I just started looking at sheriffs sales and foreclosure websites. So far I know you need cash, check for back taxes, if it's occupied, and at least drive by the house. 

What am I missing?

[Tyler Weinrich]

I'm an investor in OKC. Never bought from the sale but I know the process, have been there, and know many that have bought from sale. @Scott England is a good resource probably.

Our local rules are here - https://sheriff.oklahomacounty.org/202/Sheriff-Sal...

You don't necessarily need cash but you do have to have money within 3-4 weeks. That could be private lender or HML.

As far as what you are missing....I don't think there is much more to it. Some people go as far as entering homes up for sale to get a step ahead of other buyers. You should also know what the property is worth. Might be worth it to go and attend the auction one week so you can see how it works and decide if it is worth further investment. You can find deals there for sure but you might decide it isn't for you or that another method of acquiring properties is better suited for you.