Ohio had good reasons to increase the efficiency of home foreclosures in the state: reducing the time it takes to complete a foreclosure can also cut down on the problems long-vacant properties can create, such as blight, squatters, and vandalism, along with the lowering of neighboring property values. So the state passed House Bill 390 , which not only shortened foreclosure timelines, but also removed the requirement that bidding on foreclosed homes at auction begin at two-thirds of the appraised value of the home.
