Foreclosure Deficiency Judgment Ohio

Summary

In Ohio, lenders can pursue deficiency judgments for unpaid balances after foreclosure. They have two years post-foreclosure sale to file. If they miss this window, they cannot collect the remaining balance. Seek local legal advice for personalized guidance.

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I have a real estate question
Hello ****, I'd be happy to help with your real estate question. Could you please specify your query? Also, could you let me know your location as the laws can vary depending on the region?
I was foreclosed in * and can I still can face judgement lean agains me ??? ..my house was sold for 27k and i had still 80k on the loan at the time
Hello ****, to provide accurate legal information, could you please let me know your location? Foreclosure laws can vary greatly depending on the country and even the state within the country.
Cleveland, Ohio
In Ohio:
- Deficiency judgments, where the lender sues you for the unpaid balance, can happen after foreclosure.
- The lender has two years after the foreclosure sale to file.
- If they haven't done so, they can't collect the remaining balance.
Seek local legal advice.
Ok...thank you
You're welcome, ****. If you have any other questions in the future, don't hesitate to ask. Best of luck with your situation.