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What happens after foreclosure in Ohio?

Once the mortgage company has decided to foreclose, they will file a complaint with the court. If the mortgage lender is successful in the lawsuit, your home will be appraised, and then auctioned off at a public sheriffs sale in Ohio.

What is the process of foreclosure in Ohio?

Ohio Foreclosure Process Timeline Day 1-15: Missing a Payment. Day 1 is the day you miss a payment. Day 45-60: Notice of BdocHub. Day 90: Ohio Foreclosure Lawsuit Filed. Day 118: File Answer with Court. Redemption Period: Up to 90 Days.

How long is foreclosure in Ohio?

Foreclosure is the legal process a lender uses to take your home. The process from start to finish can take between six months and two years.

How long does the foreclosure process take in NJ?

EVENTTIME PERIOD1. Default on the LoanBegins the possible foreclosure process. 12-16 months left in the property.13 more rows

How long do foreclosures take in New Jersey?

A step-by-step timeline for uncontested residential foreclosures in New Jersey. *Due to a backlog in processing foreclosure cases it can take between 18 24 months to complete a residential foreclosure case in New Jersey.

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