Tulsa Home Foreclosures Up in Second Quarter Over 2011

The number of metro Tulsa home sales involving foreclosed properties dropped during the second quarter compared with the previous three months, but the total was up nearly 9 percent from the same period last year, a real estate data service reported Thursday.

The year-over-year rise locally contradicted overall Oklahoma and U.S. statistics showing significant drops in the number of foreclosed homes going through the sale process from April 1 to June 30, according to RealtyTrac Inc.

The online marketer’s report showed that 637 foreclosed homes were sold in the Tulsa area, or 16 percent of the market, compared with 685 in the first quarter.

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Authored By Rod Walton – See the Full Story at Tulsa World

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