Fast-Track Foreclosures Under New Ohio Law

October 18th, 2016   •   Comments Off   

Effective September 28, 2016, R.C. Sec. 2308.01, et seq. allows a lender on a residential mortgage loan in default to file a motion with the Court to expedite the foreclosure if, and only if, the property is vacant and abandoned. The goal of this new foreclosure law is to cure the zombie foreclosure crisis in Ohio.