Wednesday, February 16, 2005
Power of sale and Oklahoma statute
Notice to the Oklahoma State Senate Ethics Committee:
It has come to my attention, through a credit repair blog of CREDITWRENCH CEO Bill Bauer, that certain Oklahoma State Senators are unfamiliar with the power of sale provision under Oklahoma Statutes, specifically Title 46.
My appreciation of the wording of Title 46 is that it allows for nonjudicial foreclosure. CREDITWRENCH CEO Bill Bauer, however, indicates that legal advice given to him by three Oklahoma State Senators proves otherwise.
Although Mr. Bauer refused to provide the names of the senators involved, I felt it important to bring this matter to your attention. With all due respect, I would ask that you either clarify to all Senators that Title 46 indeed provides power of sale to a mortgagor, or ask them to pass legislation to ammend the wording to indicate that it does not.
It has come to my attention, through a credit repair blog of CREDITWRENCH CEO Bill Bauer, that certain Oklahoma State Senators are unfamiliar with the power of sale provision under Oklahoma Statutes, specifically Title 46.
My appreciation of the wording of Title 46 is that it allows for nonjudicial foreclosure. CREDITWRENCH CEO Bill Bauer, however, indicates that legal advice given to him by three Oklahoma State Senators proves otherwise.
Although Mr. Bauer refused to provide the names of the senators involved, I felt it important to bring this matter to your attention. With all due respect, I would ask that you either clarify to all Senators that Title 46 indeed provides power of sale to a mortgagor, or ask them to pass legislation to ammend the wording to indicate that it does not.
