Finance
In an Oklahoma judicial foreclosure, after the court orders a sale, the property is sold:
ADirectly to the lender without auction
BAt public auction, with proceeds used to pay off the mortgage and any remaining liens in order of priority✓ Correct
CThrough a private sale arranged by the lender
DOnly to government entities
Explanation
In a judicial foreclosure, the court orders a public sale (often called a sheriff's sale) where the property is auctioned to the highest bidder. Proceeds pay the court costs, the foreclosing lender, and any remaining lienholders in priority order.
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