Ohio Foreclosure Laws

The only type of foreclosure in Ohio is judicial foreclosure. The process starts with the lender obtaining conditional title as soon as there is a default in the mortgage. When the borrower makes the loan current, title will transfer back to them. To begin the foreclosure a lawsuit must be filed.

Deficiency: The lender may obtain a deficiency judgment for a period of two years.

Redemption: The property may be redeemed only before court confirmation of the sale. After that there is no redemption.