Can I Leave Stuff in My Foreclosed House Ohio

How Long Do I Take in My Firm After a Sheriff Sale?

Once the Ohio foreclosure process is over and your home has been sold at a sheriff sale, you lot are not nevertheless legally required to leave your home. There are a few steps the sheriff, courtroom and new owners must take earlier y'all tin be evicted. You lot may too be able to save your dwelling or stay the eviction process.

The Ohio Sheriff Sale Eviction Process

In one case your lender obtains a Last Judgment of Foreclosure, the sheriff auction process will begin:

1. The sheriff appraises your home with the aid of three neutral parties. The sale volition then be advertised in a local newspaper for iii sequent weeks.
2. The sheriff sale is held. The sale is a public auction. The property may not be sold for less than two/iii of its appraised value. The lender is oftentimes the winning applicant. It is important to annotation that you are not required to go out the holding and the buyer cannot change the locks or otherwise obstruct you from continuing to reside in the belongings when the sale concludes.
3. What is known as a redemption period begins immediately after the auction. The sheriff has 60 days to inform the court of the auction. The courtroom so has 30 days to confirm it. This is called "redemption period" because during these 90 days you can redeem your dwelling house by paying the full amount owed on the judgment plus whatsoever fees or costs incurred during the foreclosure. This could take the full 90 day period, but may also exist completed in only a couple days. Therefore, it is wise to move fast if you plan to redeem your abode.
4. Once the auction has been confirmed, the deed will be drawn up and the buyer will pay the purchase price and tape a new human activity. At this point the buyer has possession of the belongings and yous can be evicted.
5. The buyer tin request a Writ of Possession and the sheriff will generally give you iii-7 days to vacate the property.
6. If you do not move past the deadline, the sheriff will remove your belongings from the house. You may asking an borderline extension from the sheriff's office, just they are not obligated to grant the asking.

You lot tin can choose to expect out the fourth dimension menstruum and save money to pay for a new place to live. You may too agree out in the hope that the new possessor will offer you money to move sooner, a transaction known equally "cash for keys." You also have the right to file for bankruptcy, which will stop all foreclosure proceedings. You lot should speak to a professional Ohio bankruptcy chaser to encounter if this is a viable choice.

At DannLaw, we provide audio advice throughout the foreclosure process and brand certain you are not removed from your dwelling house before you are legally obligated to vacate. We tin can too help you stay the sheriff auction and fight to keep your abode. Contact us today to learn more than well-nigh your options when facing an Ohio sheriff auction.

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Source: https://dannlaw.com/understanding-ohio-sheriff-sale-eviction-process/

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