Ohio Foreclosure Laws
From Wiki
[edit] Attorney General’s Office
30 E. Broad St., 17th floor
Columbus, OH 43266-0410
Ph: (614) 466-4320
Fax: (614) 466-5087
[edit] STATE SUMMARY:
First Legal Action: Complaint
Time Frame from 1st Legal Action to Sale Action: 12 Months
Final Legal Action: Sale Confirmed
Judicial Foreclosure Available: Yes
Non-Judicial Foreclosure Available: No
Method Primarily Used: Judicial
Security Instruments: Mortgage
Right to Redemption*: Yes
Deficiency Judgments Allowed: Yes
Foreclosure Postponement Available: Yes
Super Lien State:
Certified Breach Letter State: No
Lender Retains Copy of the Breach Letter: No
Eligible for Tax Advance Repayment Plans: Yes
Statutory State: No
*A borrower’s right to repurchase property lost in foreclosure sale.
- A judgment against ones person making the borrower responsible for the remaining balance on the loan after a foreclosure/sheriff sale.