How long does the foreclosure process take in Ohio?

by oliver on September 30, 2010


How long does the foreclosure process take in Ohio?

I have not yet received papers, but I was wondering how long it usually takes and how long I can stay in my house after foreclosure.


Usually, the due date of your mortgage payment is today, the first day of the month, and you were not able to pay. After 15 to 30 days, the lender will assess the your late mortgage payment and will put additional fees and charges because of your tardiness. Your lender will most likely contact you to determine what happened and know the reason why you have not paid your mortgage on time. After another 15 to 3o days, your lender will already send a breach letter, informing you that you have violated the terms and agreements in your mortgage. On the 90th day since you have committed default, the lender will file a foreclosure against you and the foreclosure process begins. The lender will file a lawsuit and the court will send you a copy of which. If you want to respond to the complaint, you must do so within 28 days. You can contact a real estate attorney to help you out with the process. After a week or two, or on your 150th day, the court will grant the foreclosure and an auction where your house will be sold to the public will take place. After the foreclosure sale, you may still have the chance to redeem or reacquire your home by paying all of your debt, in addition to the loan fees and interest.

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