The amount of actual foreclosures entering the system in Oklahoma might be down, but the amount of foreclosure auctions featuring homes already in the system is a growing phenomenon in the Oklahoma region. For April 2013, the amount of foreclosure starts for Oklahoma was down 46 percent, but scheduled foreclosure auctions and bank repossessions were both higher than data that April 2012 posted. The Oklahoma City local movers have found that our metro ranks No.105 of metros with 200,000 residents or more in terms of foreclosure filings, and that our metro is also situated below the national average.
The annual increase in Oklahoma City foreclosures was attributed to the scheduled foreclosure auctions that are slated for this year. Although the property’s up for grabs are not newly listed, they are still foreclosures and therefore contribute to the genre’s activity.