12/16/2023 0 Comments Foreclosures in liberty township ohioThis allows the mortgage servicer to take possession of the property before it deteriorates, and increases the likelihood that it can be rehabilitated and sold. The new law will accelerate the foreclosure process to as little as six months at times. John Kasich, and becomes law in 90 days.Ĭurrently, due to existing foreclosure requirements in Ohio, homes can sit vacant for at least two years, and become zombie homes, Klein said. The fast-track provisions are included in the broader H.B. “Outdated foreclosure laws are one of the primary causes of blight in communities across the country, and Ohio is one of only a few states that are doing anything about it,” Klein said. “Ohio has now put itself ahead of the national curve in fighting community blight,” said Robert Klein, founder and chairman of Cleveland-based Community Blight Solutions, which has worked with legislators for three years to enact a fast-track foreclosure process. Ohio passed legislation yesterday that seeks to prevent zombie homes, or vacant or abandoned residential property, by enacting a fast-track process for mortgage foreclosures.
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