Property Ownership
What is Ohio's right of redemption in foreclosure?
AOhio has no redemption rights
BAn Ohio borrower may redeem their property by paying the full debt until the confirmation of the sheriff's sale✓ Correct
CBorrowers have 1 year after the sheriff's sale to redeem
DRedemption only applies to tax sales
Explanation
In Ohio judicial foreclosure, the borrower (and certain other parties) have the right to redeem the property by paying the full outstanding debt at any time until the court confirms the sheriff's sale. After confirmation, the right to redeem is extinguished.
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