On March 16, 2021, Governor DeWine signs new law reducing the statute of limitations for mortgage foreclosures. The impact for lenders is that Ohio Revised Code 2305.06 reduces the statute of limitations for a mortgage from 8 years to 6 years. This law will take effect in 90 days.
Please feel free to reach out to me if you have any questions or would like to discuss this or other foreclosure or bankruptcy-related matters in 𝗢𝗵𝗶𝗼, 𝗜𝗻𝗱𝗶𝗮𝗻𝗮, 𝗞𝗲𝗻𝘁𝘂𝗰𝗸𝘆, 𝗼𝗿 𝗠𝗶𝗰𝗵𝗶𝗴𝗮𝗻. I will arrange a call with Daniel A. Cox, Partner at Wood + Lamping L.L.P. For more information, reach out to George Caballero directly at firstname.lastname@example.org