Okla. Stat. tit. 11, § 11-39-120: Sale of property by trustee

A. After expiration of the period of redemption of the tract or

parcel of land foreclosed, the trustee may apply to the district

court which ordered the property sold for an order authorizing the

trustee to sell the property at private sale.

B. After the filing of the application of the trustee, the

district court shall appoint three (3) disinterested persons to

appraise the property sought to be sold and return the appraisement

to the court. After the appraisement is filed in the district

court, the district court shall, if it deems the appraisement to be

fair, enter an order authorizing and directing the trustee to sell

and convey to the purchaser the tract or parcel of land being sold.

The tract or parcel of land shall not be sold at private sale except

for cash and for no less than the value determined by the

appraisers.

C. If the trustee is unable to sell the tract or parcel of land

at its appraised value, the trustee may apply to the district court

which ordered the property sold for an order authorizing the trustee

to sell for cash the tract or parcel of land foreclosed to the

highest and best bidder subject to the approval of the district

court. If the court determines that the property cannot be sold at

its appraised value, the court may enter an order directing the

public sale of the property.

D. After the sale of the foreclosed tract or parcel of land at

either a private sale or a public sale, approved by the court, the

trustee shall:

1. Deduct the costs of the sale and costs taxed against the

tract or parcel of land in the sale proceedings; and

2. Pay the remainder of the proceeds into the proper district

fund for payment of the interest and the bonds. In case of the sale

of any tract or parcel of land subject to more than one delinquent

assessment, such remaining proceeds shall be distributed into the

proper district funds for such payment pro rata based upon the total

unpaid amount due each such district.