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Ohio House Passes Bill to Expedite Foreclosure of Abandoned Properties

The Cleveland Plain Dealer reports that the Ohio House has passed a bill that would permit abandoned or blighted homes or businesses to be foreclosed upon in 90 to 180 days, as opposed to the current average of two years. The bill would allow county treasurers to process foreclosures of vacant, tax-delinquent properties through the Board of Revision, rather than the courts, which are frequently back-logged with foreclosure cases. Sixteen other states have enacted similar legislation. Some critics, however, contend that the bill would impact the due process rights of the property owners. The bill now heads to the Ohio Senate.

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This page contains a single entry from the blog posted on January 12, 2006 11:35 AM.

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