Here is a summary of foreclosure laws and rules for the State of Ohio:
- In Ohio foreclosure law requires lenders to use judicial foreclosure.
- The sale price at auction must be at least two-thirds of the appraised price.
- There is no right of redemption after the sale is confirmed.
- Prior to sale confirmation the borrower can redeem by paying the amount of the loan and costs.
Much more information is available throughout this website, but for definitive advice ask a Ohio lawyer.