What rights do I have as an owner after the sheriff sale?

Discussion in 'Foreclosure, Repossession, Auctions, Short Sales' started by tjd714, Sep 21, 2010.

Thread Status:
Not open for further replies.
  1. tjd714

    tjd714 Law Topic Starter New Member

    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    0
    My house was put up for sale and sold on 9/10/10. I was working with the bank prior to the sale date to work out a solution but the judge refused to grant another extension and my house sold. I was told by the bank that they would continue to work with me after the sale as long as the bank retained the property. Now they say there is nothing they can do and that I do not have a redemption period to work with either. I feel I have been misled and given the run around and feel the bank did not really want to work with me on a solution. I think they were just telling me whatever was necessary to get me off the phone. Everyone at the bank would tell me something different and when I made that comment to a manager, I got a completely different answer yet and told they didn't have the authority to make those kind of promises. I am so frustrated with this whole process. I tried to do the right thing and make it right when I could have just walked away and I feel as if I have been beaten with sticks and stones through this whole process.

    I want to know if there really is not a redemption period in Ohio and if I can still get my house back?
     
  2. army judge

    army judge Super Moderator

    Messages:
    17,968
    Likes Received:
    1,763
    Trophy Points:
    113




    Okay, let's examine how a foreclosure must be done in Ohio.
    The last sentence of item 4 is telling.
    The right to redeem is limited and perishable in Ohio.
    In Ohio, after the sale has been "confirmed", the "victim" (YOU) is unable to exercise a right of redemption, as in allowed in many other states.
    From my reading of the statute, you have about 60 days before the sale.
    I would expect that one has a few more days until the sheriff has done the confirmation.

    The laws that govern Ohio foreclosures are found in §2323.07 of Ohio Revised Code.





     
    Last edited: Sep 21, 2010
Thread Status:
Not open for further replies.

Share This Page