Ohio Supreme Court upholds administrative foreclosures
CLEVELAND, June 25, 2020 (AP): The Ohio Supreme Court has ruled
that a foreclosure process that sells homes without compensating
owners for their equity is legal.
Administrative foreclosure was found to be legal, however,
justices did not agree on its reasoning, the Cleveland Plain
The process sends abandoned properties to the county board of
revisions who can send the properties to the local land bank,
which can clear debts.
Eye on Ohio previously reported that in Montgomery and Cuyahoga
Counties in 2019, local land banks wiped out $11.2 million in
tax liens that cost homeowners and banks $77 million in equity.
``The fallacy of all of this is that somehow people's property
has been taken. They've abandoned it, they have to pay taxes.
You know, you and I have to pay taxes on our properties. And so
that somebody doesn't, and now they want to turn around and
change the narrative to, 'oh no my property, my valuable
property was taken,'' said defense attorney Gus Frangos.