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Stop Foreclosure - Ohio |
Ohio Foreclosure Law Summary
Most Common Method of Foreclosure: Judicial.
Foreclosure by Power of Sale Permitted?: No.
Judicial Foreclosure Procedure: The lender must sue the borrower in the county where the property is located to obtain a foreclosure order. Must have the property appraised and the property must be offered for sale at not less than two-thirds the appraised value. The sale is conducted by the sheriff.
Preforeclosure Notice:
Number of Notices: One.
Amount of Notice Required: Thirty days by advertisement, once per week for three consecutive weeks.
Redemption: Up to the confirmation of sale by paying the full amount of the judgment and costs.
Post-Sale Provisions Regarding Proceeds: Sale must be confirmed by the court. Deficiency: A deficiency judgment is allowed, but void after two years from the confirmation of sale.
Stop Foreclosure Ohio
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