Ohio Bill to Speed up Foreclosure Process
Aug 5, 2013 12:00 AM
2013-08-05T00:00:00
Bill Introduced to Speed Up Foreclosure Process
Just before the Ohio General Assembly’s summer recess, Representative Cheryl Grossman, (R-Grove City) and Representative Mike Curtin, (D-Columbus), introduced HB 223 to expedite the foreclosure and transfer of unoccupied, blighted parcels and certain abandoned properties. Twelve other legislators signed onto the bill as co-sponsors. The bill addresses many issues that have affected the foreclosure process that has plagued Ohio in trying to speed up foreclosures and clean up blighted parcels in many urban areas. HB 223 will allow a board of county commissioners to dispose property under certain conditions noted in the bill. The rules shall specify that the board shall place the property in the county’s land bank if the county has a land bank. If the county does not have a land bank, the board shall dispose of the property at its discretion. Another section of the bill notes that if a person who is an owner of residential property causes physical harm to that property after the person has been personally served with a summons and complaint in a residential mortgage action relating to that property is guilty of vandalism in violation of section 2909.05 of the Revised Code.
CBAO will monitor the bill as it moves through the legislative process.
Just before the Ohio General Assembly’s summer recess, Representative Cheryl Grossman, (R-Grove City) and Representative Mike Curtin, (D-Columbus), introduced HB 223 to expedite the foreclosure and transfer of unoccupied, blighted parcels and certain abandoned properties. Twelve other legislators signed onto the bill as co-sponsors. The bill addresses many issues that have affected the foreclosure process that has plagued Ohio in trying to speed up foreclosures and clean up blighted parcels in many urban areas. HB 223 will allow a board of county commissioners to dispose property under certain conditions noted in the bill. The rules shall specify that the board shall place the property in the county’s land bank if the county has a land bank. If the county does not have a land bank, the board shall dispose of the property at its discretion. Another section of the bill notes that if a person who is an owner of residential property causes physical harm to that property after the person has been personally served with a summons and complaint in a residential mortgage action relating to that property is guilty of vandalism in violation of section 2909.05 of the Revised Code.
CBAO will monitor the bill as it moves through the legislative process.