Learn how the Ohio foreclosure process works, including preforeclosure steps, foreclosure procedures, and homeowner rights. Completing, signing, and returning the assistance application or "work out package" with supporting documents is KEY to a successful outcome. 1.There are steps you can take to protect your vehicle from repossession. The first is to consult with an Ohio bankruptcy attorney as soon as possible. Learn how foreclosures work in Ohio. Foreclosure is a legal process through which a lender repossesses a home or property when the owner fails to make their mortgage payments. Tenants who live in foreclosed residential properties are allowed to stay in their homes until they are given at least 90 days advance notice to vacate. How quickly the notice is filed depends on the individual lender. Once the notice has been given or the foreclosure has been summoned, you then must respond to the foreclosure. In Ohio, you typically have 28 days to respond.
