Ohio is a judicial foreclosure state. What does this mean for the foreclosure process?
Correct Answer
A) The lender must file a lawsuit in court and obtain a judge's order to foreclose on the property
As a judicial foreclosure state, Ohio requires lenders to file a foreclosure lawsuit in court. A judge must review the case, and a court order is required before the property can be sold at foreclosure auction.
Why This Is the Correct Answer
As a judicial foreclosure state, Ohio requires lenders to file a foreclosure lawsuit in court. A judge must review the case, and a court order is required before the property can be sold at foreclosure auction.
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