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  1. #1

    Default Redemption Period in Ohio

    I know in Michigan the redemption period after a sheriff sale is about a year, does anyone know what it is in the state of Ohio. Thanks in advance.

  2. #2
    Join Date
    Mar 2005
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    Michigan
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    28,906

    Default Re: Redemption Period in Ohio

    Quote Quoting Ohio Revised Code Sec. 2329.33 - Redemption by judgment debtor.
    In sales of real estate on execution or order of sale, at any time before the confirmation thereof, the debtor may redeem it from sale by depositing in the hands of the clerk of the court of common pleas to which such execution or order is returnable, the amount of the judgment or decree upon which such lands were sold, with all costs, including poundage, and interest at the rate of eight per cent per annum on the purchase money from the day of sale to the time of such deposit, except where the judgment creditor is the purchaser, the interest at such rate on the excess above his claim. The court of common pleas thereupon shall make an order setting aside such sale, and apply the deposit to the payment of such judgment or decree and costs, and award such interest to the purchaser, who shall received from the officer making the sale the purchase money paid by him, and the interest from the clerk. This section does not take away the power of the court to set aside such sale for any reason for which it might have been set aside prior to April 16, 1888.
    It thus appears that up to the time of the confirmation of the sale, the debtor may redeem by paying the amount of the judgment plus costs and interest, but that there is no right of redemption after that time.

  3. #3

    Default Re: Redemption Period in Ohio

    Thanks. I appreciate the response.

  4. #4
    Join Date
    Jan 2006
    Location
    Charlotte NC
    Posts
    39

    Default Re: Redemption Period in Ohio

    Just an FYI, Michigan has a 6 month redemption period, not 1 year

  5. #5
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Redemption Period in Ohio

    In Michigan, the redemption period can be as short as 30 days or as long as a year. For most residential foreclosures the period will be six months.

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