If you default on your obligation to purchase the property offered by a Private Selling Officer or any Ohio Foreclosure Sale, you are subject to severe consequences, including the following:
- You may be held in contempt of court under Ohio Revised Code Section 2329.30.
- You may forfeit your sale deposit or be required to pay the amount of the sale deposit to the judgment creditor.
- You may be held liable for damages calculated as the difference between your purchase price and the purchase price of the property at a subsequent sale plus the costs and attorney fees related to the subsequent sale of the property.
- Your eligibility to use the Website may be suspended or terminated.
