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BIDDER’S INSTRUCTIONS
The
Tulsa County
Sheriff’s Office is legally mandated to sell foreclosed properties as set forth
in state statute.
The property lists
are normally updated each Friday*; properties to be offered at the sale taking place
in six weeks are added and the properties that were offered on the previous Tuesday
are removed.
To prevent the sale
of a property, it is the plaintiff’s responsibility to submit any notice of recall
to the Sheriff’s Office prior to the date of the scheduled sale.
Foreclosed property sales are held at 10:00 a.m. on every Tuesday in Room 119 of
the
Tulsa County
Courthouse.(map/directions). This schedule may be altered due to legal holidays or severe weather. Any auctions postponed will take
place on the first business day that follows.
Notice:
All foreclosed properties are sold “AS IS”
and may be occupied. Prior to bidding,
research the property’s records for outstanding liens and taxes that may not be
satisfied by the foreclosure auction.
The sale of foreclosed
properties is open to the public and anyone may bid.
All bidders will be required to provide their name and phone number. The properties are listed in the order
presented on the Auction Sales List.
Bidding for each
property will open at no less than 2/3 (two-thirds) of the property’s appraised
value.
All bid increases must be a multiple of $100 and may not exceed the previous bid
by more than $5000.
Successful bidders
are required to provide a cashier’s check for exactly 10% (ten percent) of the winning
bid price, before 1:00pm on the first business day that follows the sale date,
at the TCSO Civil Desk, located in the Tulsa County Courthouse.
The remaining 90% (ninety percent) of the sale price is payable at the Tulsa
County Court Clerk’s office prior to the confirmation hearing; approximately three
weeks after the sale date.
All cashier’s checks
must be made payable to the
Tulsa County Court Clerk.
When a successful
bidder fails to comply with the above legal mandate, the next highest bidder may
be given the opportunity to complete the sale, under the same conditions listed
above.
For additional information:
SHERIFF’S OFFICE:
Civil Desk (596-5684) or Email at
tcsocivil@tcso.org.
CIVIL COURT CLERK:
Civil Court Clerk (596-5436)
* For information
about properties that have been dropped from the list, you can use the case number
to get information from OSCN.net or call the Civil Desk.