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OH SB135
Bill
Status
3/5/2025
Primary Sponsor
Andrew Brenner
Click for details
AI Summary
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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
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Reduces the minimum online auction bidding period from seven calendar days to three calendar days for both sheriff sales and private selling officer sales
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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
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Prohibits private selling officers from being affiliated with or employed by the mortgagee, mortgage servicer, or their subsidiaries
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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