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In Ohio, the statutory redemption period after foreclosure sale is:

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Question & Answer

Review the question and all answer choices

A

None

Correct Answer
B

30 days

30 days is not a statutory redemption period in Ohio. This might confuse students with states that have short redemption periods, but Ohio eliminates the redemption right entirely upon confirmation of sale.

C

6 months

6 months is a common redemption period in many states, but Ohio is not among them. This option represents a typical redemption period length that doesn't apply to Ohio's foreclosure process.

D

1 year

1 year is another common redemption period found in some states, but Ohio does not provide borrowers with any statutory right to redeem after foreclosure sale confirmation.

Why is this correct?

Ohio does not have a statutory redemption period after foreclosure sale. The borrower's right to redeem ends at confirmation of sale.

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