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Updated about 7 years ago on . Most recent reply

User Stats

538
Posts
298
Votes
Oren K.
  • Rental Property Investor
  • Toronto, Ontario
298
Votes |
538
Posts

Note Foreclousure time line

Oren K.
  • Rental Property Investor
  • Toronto, Ontario
Posted

Simple question on its face but probably complex in reality. 

When you go to foreclose on a note in Ohio, how long is it from notice to being in possession of a property so you can actively control it.  The deed may not have been transferred, the courts have not rendered final judgement, etc. but as the lender, you can engage a receiver, secure the property, collect the rents, deal with any maintenance issues, etc.

I understand that the loan docs govern notice periods, time to correct, etc. but generally speaking, from the day you start the process how long should you expect it to take before you are in 'control'.

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