The Ohio Notice of Intention to Foreclose and of Liability for Deficiency after Foreclosure of Mortgage is an important legal document that outlines the process and the potential financial obligations that a homeowner may face after their mortgage goes into foreclosure in the state of Ohio. This notice serves as a formal notification to the homeowner of the impending foreclosure proceedings, as well as the possibility of a deficiency judgment being issued after the foreclosure is completed. In Ohio, there are primarily two types of Notice of Intention to Foreclose and of Liability for Deficiency after Foreclosure of Mortgage: 1. Pre-foreclosure Notice of Intention to Foreclose: This type of notice is typically sent by the mortgage lender or service to the homeowner when they have fallen behind on their mortgage payments and are at risk of foreclosure. It serves as a formal notification of the lender's intention to begin the foreclosure process if the homeowner does not bring their mortgage payments up to date within a specified period of time. This notice informs the homeowner about the consequences of foreclosure and the potential liability for any deficiency that may arise. 2. Post-Foreclosure Notice of Liability for Deficiency: This type of notice is issued after the foreclosure sale has taken place and the property has been sold to a new owner or reverted to the mortgage lender. If the proceeds from the foreclosure sale are insufficient to cover the outstanding mortgage balance, fees, and costs associated with the foreclosure process, the lender may seek a deficiency judgment against the homeowner. The post-foreclosure notice informs the homeowner of their potential liability for the deficiency amount and provides details on their rights to challenge or negotiate the deficiency judgment. Keywords: Ohio, Notice of Intention to Foreclose, Liability for Deficiency, Foreclosure of Mortgage, pre-foreclosure, post-foreclosure, mortgage lender, deficiency judgment, mortgage payments, foreclosure process, foreclosure sale, new owner, outstanding balance, fees, costs, rights, negotiate, challenge.