How long does foreclosure take in Ohio?

By | August 28, 2009

Unlike states such as California, Ohio chooses to go about foreclosure using the judicial process. With a judicial foreclosure this means that your home must be foreclosed on by court actions. The lender must file a lawsuit against the borrower and ask the court to foreclose on the defaulting mortgage and order a sale of the foreclosing property.

Below is a list of following procedures that must be followed in order for the foreclosure to take place.

  • Once the borrower has become delinquent on their mortgage payments the lender will file a foreclosure complaint with the county┬ácourt. At that time the borrower will have twenty-eight days to try an resolve the issue or else you will enter into a default judgement.
  • If you do not happen to come up with an answer to resolve your issue within 28 days the court will issue the default judgement. At that time the county clerk will issue the home to be sold by sheriff sale.
  • For the foreclosure to go into affect there must be at least three disinterested freeholders that will provide an estimated value or an appraisal of the home that is going into foreclosure. Once the value is decided the property cannot be sold for less than two-thirds of the current value.
  • Once the court has decided the sale date for the foreclosure to take place it must be advertised in the local county newspaper for thirty days before the actual date of sale. This will be advertised at least one time per week for three consecutive weeks.
  • The sale will take place in the county courthouse and be handled by the local Sheriff. Once the sale has taken place the Sheriff will provide a “write of execution” to prove that the sale has indeed gone through. At that time the county court will decide if the foreclosure has gone through legally, this is called a confirmation. There will be no right of redemption if the confirmation is received.

Foreclosure in Ohio typically takes about five to six months to fully process. But the foreclosure may take much longer to finish if the borrower tries to resolve the issue by applying for a loan modification, short sale, or even filing bankruptcy.

5 thoughts on “How long does foreclosure take in Ohio?

  1. Valori Barnes

    I have asked numerous times for a loan modifiction from Bank of America. I first applied thru NACA program. They talk a good game however they do not actually help as promised. In the end, BAC denied my application thru NACA. I then requested on three different times for a Forbearance, Assistance thru their program called Emminent danger of losing home. I was refused the modification again because I had an FHA streamline refi and they indicated that it was not within their time frame. I was diagnosed with Graves Disease which caused my loss in employment as I was already on disability with the state, my income drastically reduced. I was one month behind on my mortgage. I sent in all my paper work as requested and was again denied a modification. It is not as if I was setting back waiting on losing my home. I have been trying since 2009 to get assistance. I have now faced the fact that I will have to go into foreclosure. I did file bankruptcy in July, 2010 and the house was included. I will walk away but I would like to know approximately how much time will I have to vacate the premise. I am in the state of OHIO. Thank you for any answer you may have.

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  2. Laura Parsons

    We have been trying for two years to modify our loan through HSBC and they keep giving us the round around. Then we hired an attorney company that supposedly would gaurantee a loan modification and it cost 4000.00 and the attorney basically told us we were screwed because HSBC isn’t governed by Obama’s laws becaus ethey are not a USA bank. We are one month away from officially being notified we will be foreclosed on. Any suggestions would be helpful.

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  3. Evan Bedard Post author

    Hello Laura,

    I’m very sorry to hear you Nerte scammed by an unscrupulous loan mod company. Any company or service that “guarantees” any type of foreclosure assistance aid is a clear sign to RUN the other way.. Even though HSBC does not participate in some of the government-backed programs, they do indeed offer loan modification assistance. I would recommend you join our FREE forum here on LoanSafe, we now have more than 140,000 members (homeowners and professionals alike) who would be more than happy to help you through this difficult process.

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