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Ohio Land contract foreclosure

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Brother Rolf Guest	Posted: Thu Jun 09, 2011 1:47 pm    Post subject: Ohio Land contract foreclosure Like 0 Dislike 0 I sold a twinplex land contract to a buyer, nothing down. Now he is 4 months in arrears. In Ohio after 5 years the foreclosure may have to go to court. I am willing to compensate the buyer for improvements he has made. Can I take possession without an attorney?
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Thu Jun 09, 2011 4:29 pm    Post subject: Like 0 Dislike 0 On the land contract you stayed as the title owner of the property correct, and until the loan was paid off, title will remain in your name? If that is the case, and your borrower has defaulted, file for notice of default or court order to remove the occupant. I would try to work with occupant any way you can to get property back in your possession, if not, find a lawyer to help. _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Thu Jun 09, 2011 8:49 pm    Post subject: Like 0 Dislike 0 Hi Rolf, You should check out the land contract carefully in order to find the clauses mentioned in it. If there is a clause regarding foreclosure of the property is case of default, then you can take possession of the property. However, in my opinion, it is better to contact an attorney and take his help in this matter. Thanks

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