IMPORTANT UPDATE: CARES Act Mortgage Forbearance Period Ending

How to Sell Your House Fast to Avoid Foreclosure

If you are behind on your mortgage payments past 120 days, the mortgage lender may attempt to repossess your house and sell it at auction to recover part or all the remaining loan balance. This process is known as foreclosure. In most cases, foreclosures are final, preventing you from getting your house back (unless you decide to re-purchase it).

If you are facing foreclosure, you may feel that you are out of options for keeping or selling your house. However, you can still sell your house for cash to a local home buyer in Cleveland, Ohio. If you sell your house before it goes to auction, you can get out of the mortgage and keep your credit intact. Selling your house for cash is the fastest way to unload the property with few, if any, mortgage penalties.

Understanding the Foreclosure Laws in Ohio

Ohio is known as a lien theory state. Your house/property is collateral for the home loan. The document that places any lien on the property is called a mortgage. Non-judicial foreclosure is not available in Ohio. Meaning, your case will go to court and be overseen by a judge. The foreclosure process typically lasts 150 to 180 days.

The lender addresses the court in a judicial foreclosure proceeding where the court must issue a final judgment of foreclosure. The bank then sells the house as part of a public sale or auction. The lender also files a complaint in county court and what is referred to as lis pendens. A lis pendens provides public notice that your property is going through foreclosure.

The Ohio Foreclosure Process

The foreclosure process in Ohio involves four main steps:

Foreclosure Complaint or Notice

A foreclosure complaint is filed in the county court, where you have 28 days to file an answer. Otherwise, a default judgment is entered, and the foreclosure proceeds. If an answer is filed, the case is adjudicated by summary judgment or trial. Once adjudicated, a foreclosure decree is entered, and the Sheriff is directed to sell the property through a foreclosure sale.

Property Appraisal

Three disinterested freeholders must provide an appraisal or estimate of the property's value being foreclosed. The property cannot be offered for less than 2/3 of the appraisal or appraisement, as it is more commonly known.

Public Notice

The foreclosure sale must be advertised 30 days in advance of the sale, and such advertisement must occur once per week for three consecutive weeks before the sale.

Writ of Execution

The Sheriff handles foreclosure sales in Ohio, and these sales take place at the county courthouse. After the sale, the Sheriff will return a writ of execution indicating the sale has taken place. The court will determine if the sale has been undertaken legally, which is called a confirmation. Once a confirmation occurs, any right of redemption is extinguished, and a deed is issued to the buyer.

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    Avoid Foreclosure in 3 Easy Steps

    Step 1: Call Our Local House Investors

    Call us today and schedule a quick walkthrough with one of our house buyers. We can assess your property to decide if we would like to move forward with a purchase. If so, we will make an offer within 24 to 48 hours. Do not worry about preparing or cleaning your property. We buy houses as-is.

    Step 2: We Will Make a Fair Cash Offer

    If we like what we see, then we will make a cash offer on your house at just below its current market value. We will not try to buy your house at a rock-bottom price. Instead, our local house investors try to create a solution where everyone benefits. As local buyers, we understand your property's real value in Ohio.

    Step 3: We Pay You Cash

    If you accept our offer, then you can schedule a close date that is convenient for you. In most cases, we can close in as little as seven days and have cash in your hand in only a few weeks. We pay all closing costs. You pay nothing. Simply walk away from your property with no strings attached.

    The Benefits of Selling Your House for Cash

    If you attempt to sell your house fast before foreclosure, you need to be aware of your options. Listing your house on the market and hiring a real estate agent is not likely to help you avoid foreclosure. It can take several months to get the house ready to sell, find a buyer, and close. A For Sale by Owner (FSBO) can take twice as long.

    If you want to avoid foreclosure, the best solution is to sell your house fast for cash. When you work with one of our local house investors, you can avoid the hassle of putting your house on the market, preparing it to sell, and showing it multiple times. Our investors can close on a deal in as little as seven days, allowing you to get from underneath the mortgage much faster.

    We Are Local Home Buyers in Cleveland, OH

    At Home Buyers Ohio, our local house buyers live in the area. We understand the economy, the real estate market, and homeowners' needs. As your neighbors, we will never give you the lowest offer. We make an honest assessment of what the house is worth based on the current local market and then offer a healthy percentage, creating a win-win for everyone.

    We work with homeowners in the following areas:

    Avoid Foreclosure and Sell Your House Fast

    Before you contact the realtor or list your house on the market, do not pass up the chance to sell your house as-is for cash. Home Buyers Ohio is here to help you find the simplest solutions to get cash-in-hand quickly without wasting time and money on repairs and closing costs. To schedule a quick, no-obligation walkthrough with one of our local house buyers, call 440-490-4600.

      Get Your Fair & Honest All-Cash Offer Today! No Obligations!

      • We buy houses as-is – no clean-ups or repairs

      • No closing costs or realtor commissions

      • Close in as little as seven days


      By submitting this form, you are confirming you agree to our Conditions of Use and Privacy Policy

      Or Call Us Now At 440-490-4600