New Ohio Law Fast Tracks Foreclosures for Vacant Properties

The Federal Reserve Bank of Cleveland provides an early assessment of a new foreclosure law in Ohio designed to help reduce vacant and blighted properties in the state.

1 minute read

November 22, 2016, 8:00 AM PST

By James Brasuell @CasualBrasuell


An article by Michelle Park Lazzette details a new state law in Ohio that fast-tracks foreclosures of vacant and abandoned properties.

Lazzette checks in with community development experts from the Federal Reserve Bank of Cleveland, the same organization that targeted the need for such a law in a 2013 white paper. Their verdict: the success of the new law will all come down to implementation.

Potential sticking points for the new law include local jurisdictions, financial institutions, and some local housing advocates, according to the Cleveland Fed experts cited in the article. The potential benefits of the new law, however, include lower costs to local jurisdictions and neighbors.

Tuesday, November 15, 2016 in The Federal Reserve Bank of Cleveland

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I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

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