thing.

The following states have anti-deficiency laws: Alaska, Arizona, California, Connecticut, Hawaii Iowa, Minnesota, Montana, Nevada, New Mexico, North Carolina, North Dakota, Oregon, Washington, and Wisconsin.

I wonder why they don't list Oklahoma where Lizzie bought these houses? Oh that's right, they don't have such a law for me to read, so I could be as knowledgeable as you.


Oklahoma
Judicial
Not in nonjudicial foreclosure if borrower sends written notice by certified mail to lender ten days before foreclosure sale that property is borrower’s homestead and that borrower elects against deficiency judgment. Allowed in all other foreclosures, but amount that may be recovered is limited to lesser of (a) the difference between the outstanding debt and the fair market value, or (b) the difference between the outstanding debt and the foreclosure sale price.


They do at least allow for an adjustment for fair market value, but good luck proving that when the bank only got Lizzie's $4K bid.