Escrow & Title
What is a judicial foreclosure in Ohio?
AA foreclosure handled by the sheriff's department
BA court-supervised foreclosure proceeding where the lender obtains a court order to sell the property✓ Correct
CA voluntary surrender of the property
DA bankruptcy-related foreclosure
Explanation
Ohio uses judicial foreclosure: the lender files a lawsuit, obtains a court judgment, and the property is sold at a sheriff's sale (public auction). The borrower has rights of redemption and can contest the foreclosure in court.
Related Ohio Escrow & Title Questions
- In Ohio, which of the following recording errors would be most likely to create a 'cloud on title'?
- In Ohio, which party typically selects the title insurance company in a residential sale?
- Ohio's state conveyance fee rate is $1 per $1,000 of consideration. If a property sells for $275,000, what is the state conveyance fee?
- Which of the following is a 'voluntary lien' on Ohio real property?
- In Ohio, a 'proforma' title policy commitment for a large commercial transaction is typically:
- What is the difference between a 'lien' and an 'encumbrance' in Ohio real estate?
- What is an abstract of title in Ohio?
- In Ohio's judicial foreclosure process, what happens after the lender obtains a foreclosure judgment?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →