Oklahoma law establishes a process by which individuals can purchase unclaimed property from the government. These unclaimed properties have been relinquished by the property owner through his failure to pay property taxes. Tulsa county officials will initially attempt to resell this property at public auction on the second Monday of June. However, a number of properties will remain unclaimed and are available for purchase.
Download the list of unclaimed properties. As of 2010, this list could be obtained from the website of the Tulsa County Treasurer. A link to this site is posted in the resources section of this article. These properties can be purchased from the county subject to a bid process.
Perform due diligence research on any properties wish to purchase. Visit the Tulsa county clerk’s office and determine if there are any federal, state or city liens against the property. If you purchase the property, you will be responsible for paying for the release of these liens. The Tulsa County treasurer clearly warns perspective buyers to research all pertinent land records.
Submit a proposed bid form. You will be able to get a copy of this form from the treasurer's office. You will be required to include a deposit equal to the amount of your proposed bid price. As of 2010, bidders were also required to submit a fee of $111.00 to cover the costs of legal notice, $23.00 for the County Clerk’s filing fee and $1.00 to pay the treasurer's deed fee.
Attend the applicable meeting of the Tulsa County commissioners. The commissioners will consider your bid and decide if they should proceed with the sale. By attending the meeting you can be available to provide the commissioners with any additional information they may need to know about your offer. If the commissioners decide to sell the property, the law requires that property will be subject to one more auction before your purchase can be finalized.
Attend the auction. The treasurer will hold one final auction for the property with your bid used as the base or starting price for the auction. If another prospective buyer chooses to bid for the property then you will need to be prepared to raise your offer.
File a legal action seeking a quiet title to the property. If you win the auction, or if there are no other bidders for the property, the County will provide you with a fee simple title. This title provides good legal standing to seek a quiet title in Tulsa County District court.