
While the housing market is rebounding, many people in Ohio are still struggling to make their mortgage payments. This article is to help you learn how to avoid foreclosure in Ohio.
If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose. Learn what a foreclosure is in Ohio and how it impacts your ability to sell. Some homeowners may be in the pre-foreclosure stage…and not even know it! Some consider giving the house back to the bank as a last resort. Here in Central Ohio, homeowners often face strict foreclosure timelines depending on the county.
Thankfully, there are a number of things that you can do once you know how to avoid foreclosure in Ohio. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home. If you’re still early in the process, read about what pre-foreclosure means in Ohio.
So lets dive in on a couple quick tips on possibly how to avoid foreclosure in Ohio with your home.
The Keys of How To Avoid Foreclosure in Ohio Don’t Abandon Ship

Detroit is a prime example of what can happen when people abandon their homes.
This can be stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against your for the unpaid portion.
While it’s extremely stressful, you do have options:
• Negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Ohio are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Some people even consider giving their house back to the bank if foreclosure feels inevitable. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or even a full loan modification. In some situations, homeowners may wonder, can I sell my house while in foreclosure?
• Ask for help from Uncle Sam. Over the last five years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.
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Areas We Serve in Central Ohio
Property Peace proudly helps homeowners across Central Ohio including Columbus, Reynoldsburg, Westerville, Gahanna, Newark, Pickerington, Grove City, Hilliard, Dublin, and surrounding Franklin, Licking, and Delaware County communities. If you need to sell fast or stop foreclosure, we can help you wherever you are in the Central Ohio area.
See all the areas we buy houses in by visiting our full service area page.
About the Author
Tony Stewart — Founder, Property Peace (Central Ohio)
Tony helps Ohio homeowners navigate difficult situations such as foreclosure, missed payments, probate, and tenant problems. Through Property Peace, he provides fast, fair, as-is cash offers and simple, stress-free closings across Columbus, Reynoldsburg, Westerville, Newark, and surrounding Ohio communities.
Questions or need help? Call 614-810-7355 or visit SellMyHouseService.com.
