Okla. Stat. tit. 12, § 12-1147.4
This is the official text of Okla. Stat. tit. 12, § 12-1147.4, part of Oklahoma’s Stat. tit. 12, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Sale - Trustee - Notice - Terms - Return - Deed -
Official statutory text
Confirmation.
Where a sale is made under the provisions of this act, the court
may appoint a trustee to make such sale on such terms as it may deem
advisable, at public or private sale, with or without notice, and on
such terms as to the payment of the purchase price as the court may
direct and in the event the sale is made partly in cash and partly
on credit, the unpaid balance of the purchase money shall be
evidenced by a first mortgage secured by the real estate sold. The
trustee appointed to sell said real estate shall make a verified
return of sale and, upon confirmation by the court, shall execute a
trustee's deed conveying the fee simple title to the real estate
sold. Said deed shall vest in the purchaser the full fee simple
title to said real estate and the rights and claims of all persons
who held an interest therein prior to the sale, including all those
of a class not then in being, shall be forever barred. The court
shall not confirm said sale unless it shall have received
satisfactory evidence that the sale was fairly conducted and that a
higher price cannot be obtained and furthermore that the sale is for
the best interest of all parties who have or may claim an interest
therein.
Where a sale is made under the provisions of this act, the court
may appoint a trustee to make such sale on such terms as it may deem
advisable, at public or private sale, with or without notice, and on
such terms as to the payment of the purchase price as the court may
direct and in the event the sale is made partly in cash and partly
on credit, the unpaid balance of the purchase money shall be
evidenced by a first mortgage secured by the real estate sold. The
trustee appointed to sell said real estate shall make a verified
return of sale and, upon confirmation by the court, shall execute a
trustee's deed conveying the fee simple title to the real estate
sold. Said deed shall vest in the purchaser the full fee simple
title to said real estate and the rights and claims of all persons
who held an interest therein prior to the sale, including all those
of a class not then in being, shall be forever barred. The court
shall not confirm said sale unless it shall have received
satisfactory evidence that the sale was fairly conducted and that a
higher price cannot be obtained and furthermore that the sale is for
the best interest of all parties who have or may claim an interest
therein.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.