Ohio Foreclosure Law: Ohio Laws

Allows online payments by credit card and similar payments when properties are sold via online auction.

Taxes prorated to the date of sale. If proceeds can’t cover taxes due they will be payable on the next tax bill. If plaintiff purchases the property, the taxes do not have to be paid at transfer.

Specifies when mortgage lender can enforce the mortgage even when the original paperwork is not available.

If service by publication is necessary in an action to foreclose a mortgage on real property, the party seeking service by publication shall cause the publication to be made once a week for three consecutive weeks instead of as provided by Civil Rule 4.4.

Lis pendens. When a complaint, including a foreclosure, is filed, the action is pending so as to charge a third person with notice of its pendency. While pending, no interest can be acquired by third persons in the subject of the action, as against the plaintiff's title.

EXPEDITED FORECLOSURE ON VACANT AND ABANDONED PROPERTIES

In an action for the foreclosure of a mortgage, the court may at any stage in the action require the mortgagor and the mortgagee to participate in mediation as the court considers appropriate and may include a stipulation that requires the mortgagor and the mortgagee to appear at the mediation in person.

In the case of foreclosures of real property, the description of the property, the order of sale, order to transfer, and any deed may be adopted in advance by the court having jurisdiction directly commanding the sheriff or the private selling officer to sell, convey, or deliver possession of the property as commanded in that order. In those cases, the clerk shall journalize the order and deliver that writ or order to the sheriff or private selling officer for execution. If the property is sold under an order of sale or transferred under an order to transfer, the officer who conducted the sale or made the transfer of the property shall collect the deposit pursuant to section 2329.211 of the Revised Code and, following confirmation of the sale or transfer and the payment of the balance due on the purchase price of the property, shall execute and record the deed conveying title to the property to the purchaser or transferee. For purposes of recording that deed, by placement of a bid or making a statement of interest by any party ultimately awarded the property, the purchaser or transferee thereby appoints the officer who makes the sale or is charged with executing and delivering the deed as agent for that purchaser or transferee for the sole purpose of accepting delivery of the deed.

Sale of foreclosed property.

Execution against property.

If the court finds that a sale is in all respects regular, it is the duty of the court to confirm the sale within 30 days after the sale or the termination of any any stay of confirmation of the sale, which the court may grant to give the debtor more time to the redeem the property. The order confirming the sheriff's sale cuts off the debtor's right to redeem.

After a foreclosure sale, and at any time before the confirmation thereof, the debtor may redeem it from sale by depositing the money due into the hands of the clerk of court.

Requires clerks to notify former property owners with at least a $100 surplus by certified mail within 90 days after a sheriff’s sale. If that is returned, then the notification is to be sent by ordinary mail. And if that is returned, the notice is to be published in a newspaper.