Legal Question in Real Estate Law in Ohio
foreclosure
If a lienholder was not a party to a foreclosure and the property was sold at sheriff's sale does that lienholder have any recourse
Asked on 10/01/07, 1:46 pm
1 Answer from Attorneys
Robert Rosplock
Rosplock & Perez
Re: foreclosure
You have to be joined in the foreclosure to lose your interest.
When a foreclosure is filed, a title report is required so that all parties with an interest in the property are joined in the foreclosure.
You lose your interest if you are a party to the foreclosure and fail to assert your claim in the court proceeding, or your lien attaches after the foreclosure is started and you do not get the court's permission to intervene and state your interest.
Answered on 10/01/07, 5:32 pm
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