Foreclosures Help Information

Posts Tagged ‘ohio’

Foreclosed Homes In Ohio

Question: I am trying to get the location of where foreclosed homes are being auctioned off in Cincinnati Ohio Thanks!?

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Answer: Each county will have auctions. Hamilton county has their auctions every week on Thursdays. Their website for these is www.hcso.org. Bidding at these auctions can be great, but oftentimes the bank will end up purchasing these homes back because of the amount of outstanding mortgages then they will list them with a Realtor.

There are also auctions for properties that are listed through the multiple listing service as well. Our local MLS is no longer available for public viewing, but you can still see all the homes listed on the MLS at www.cbws.com, or another local company's website.

You don't have to go the auction route to purchase forclosed homes, a Realtor can help as well.

Having a local Realtor, such as myself set you up on a search through the local MLS will email you listings in certain areas or with certain criteria to assist you in finding the forclosures that you are looking for.

Feel free to email or IM me for further information on the local forclosure market. That is my primary focus and I list as well as sell forclosed homes.

Foreclosed Properties Being Left Trashed

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Homes Foreclosed In Ohio

Question: I have two houses one is fully paid (no mortgage) the other is in foreclosure.Can they put on lien on it?

I inherited a house from my grandma and it is in my name now. My previous house is in foreclosure. I live in Ohio. If my old house forecloses can they place a lien on my home that is paid for completely with no mortgage?
I don't want my old house. I tried to sell it for almost a year no one even came to look at it. I really don't want this house. Our 2 month old daughter died there and it is filled with bad memories. I tried my best to sell it. I just want to use this opportunity to hopefully get out of this debt.

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Answer: If the free and clear house is your homestead your state may offer legal protections to help you. If it is simply an asset they can try and get any shortage out of that.

I would do whatever I could to avoid foreclosure.

The Road to One America - Cleveland Home Foreclosures

Foreclosure Help Ohio

Question: 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.

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Answer: The following information is from Ohio's Save the Dream Project, which you can access at http://www.savethedream.ohio.gov/

Foreclosure Timeline
All times below are APPROXIMATE

Day 1: You fail to pay the mortgage payment by the due date today, the first of the month.

Day 16-30: Late charges are assessed on the payment. The mortgage servicer attempts to make contact with you to find out what happened.

Day 45-60: The servicer sends you a “demand” or “breach” letter pointing out that terms of the mortgage have been violated.

Day 90: The servicer refers the loan to the foreclosure department and hires a local attorney or other firm to initiate the foreclosure proceedings.

The servicer then files the proper legal documents at the Court of Common Pleas. This is called a “complaint.” Once the case is filed, the court will send you a copy of the lawsuit by certified mail and/or through delivery by a sheriff’s deputy.

What happens next depends on what, if any, action you take. If you do nothing, the process may move swiftly. The servicer may file a motion with the Court for a "default judgment." This could happen one month after you receive court papers. The court may give the servicer a judgment quickly, setting up the house for a sheriff’s sale.

If you take action in response to the complaint, you must do so within 28 days. An attorney can help you through this process. Contact Ohio State Legal Services Assocation or the Ohio State Bar Association to find an attorney.

Day 150+: Once a court grants a judgment to foreclosure, the sheriff will appraise the value of your house and it is then sold at foreclosure sale or auction. Again, this may happen sooner or later, because times are only approximate. The property must sell for at least two-thirds of its appraised value. There may still be a chance to save your home. Contact a housing counselor immediately.

After the Sale: You have the right to buy back your home prior to the sale being confirmed. This "right to redeem the property" allows you to pay the amount you owe against the house in full. You will also owe any additional fees and costs incurred as a result of the foreclosure. Typically, it will take 30 days to "confirm" the sheriff’s sale.

Confirmation: You will be given a notice by the sheriff to leave. The amount of time varies by county. Call your local sheriff to check or to try to negotiate for more time.

Source: Ohio State Legal Services Association

Good luck,

http://www.foreclosure-fight.com

Foreclosure Freedom Needed in Dayton Ohio!