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OH SB135

Bill

Status

Introduced

3/5/2025

Primary Sponsor

Andrew Brenner

Click for details

Origin

Senate

136th General Assembly

AI Summary

  • Allows insolvent estates to pay up to $5,000 in administrative costs and attorney fees from real property sale proceeds before satisfying liens placed after the bill's effective date

  • Reduces the minimum online auction bidding period from seven calendar days to three calendar days for both sheriff sales and private selling officer sales

  • Shortens the appraisal return deadline from 21 days to 14 days for residential property, and requires appraisals to be exterior-only and conducted by licensed real estate professionals

  • Prohibits private selling officers from being affiliated with or employed by the mortgagee, mortgage servicer, or their subsidiaries

  • Permits subsequent sale advertising through online methods instead of print newspapers, and allows sheriffs or private selling officers to use alternative newspapers or websites if the designated newspaper is unavailable

Legislative Description

Regards real property foreclosures and estate sales

Commerce

Last Action

Referred to committee: Judiciary

3/19/2025

Committee Referrals

Judiciary3/19/2025

Full Bill Text

No bill text available