When Oklahomans reach economic distress, many have no other option but to surrender their home.
Currently around the OKC metro, there are 319 home foreclosures.
In most cases, financially-strapped families pack up everything and move on but not always.
Auctioneer Louis Dakil said, “Just cut your loses. Just boogie. That’s what they do.”
Dakil’s Oklahoma City warehouse is filled with seized merchandise.
He has everything from Christmas trees to cars.
Dakil said, “A lot of vehicles are abandoned. Now and then we get a good one.”
The shelves are stacked floor to ceiling with more than a million dollars in merchandise.
Several times a month, it’s auctioned off to the highest bidder.