New Ohio Law Aimed At Preventing Lenders From Keeping Deteriorating Foreclosed Homes In Legal Limbo

Buried in a recent article in the Mansfield News Journal is this blurb on a new Ohio law requiring the prompt recording [14 days after the balance due on the foreclosure sale is paid] of foreclosure deeds after public auctions, thereby precluding some foreclosing lenders from dragging their feet when recording the title to property, thereby keeping homes in legal limbo for the purpose of avoiding code enforcement hassles on deteriorating homes.

• [Sheriff Steve] Sheldon, civil division deputy sheriff Kathy West and Clerk of Courts Lin Frary [...] discussed House Bill 138, which requires sheriffs to file deeds for foreclosure sales. The law that goes into effect Sept. 11 was designed to help properties from being in limbo if deeds aren’t filed. It gives local governments more tools to get control of vacant tax-delinquent parcels.

Source: Jail, foreclosures keep sheriff’s office busy.

Go here for other posts on homes in legal limbo; when a foreclosing lender is reluctant to complete a foreclosure action, or to record a foreclosure deed after taking title at a foreclosure sale, to avoid getting clipped with housing fines. responsibility code violations foreclosure