Ohio Rev. Code Ann. § 2308.03 – Securing and protecting vacant and abandoned property | Midpage
§ 2308.03
Ohio Rev. Code Ann. § 2308.03
Securing and protecting vacant and abandoned property
Effective Apr 6, 2017House Bill 463 - 131st General Assembly
(A) I f a residential property is found to be vacant and abandoned under section 2308.02 of the Revised Code, a mortgagee on the residential property may enter that property to secure and protect it from damage.
(B) A mortgagee that has not filed a residential mortgage loan foreclosure action on a property for which the mortgagee holds a mortgage may enter and secure that property only if the mortgage contract or other documents provide for such an entry.
(C) The equitable and statutory rights to redemption of a mortgage on a property found to be vacant and abandoned pursuant to section 2308.02 of the Revised Code expire upon the confirmation of sale of the property.