Ohio § 2329.52

§ 2329.52.

(A) Except as otherwise provided in division (B) of this section, when premises are ordered

to be sold, if said premises, or a part thereof, remain unsold for want of bidders

after having been once appraised, advertised, and offered for sale, the court from

which the order of sale issued may, on motion of the plaintiff or defendant and from

time to time until said premises are disposed of, order a new appraisement and sale

or direct the amount for which said premises, or a part thereof, may be sold. The court may order that the premises be sold as follows:  One third cash in hand,

one third in nine months from the day of sale, and the remaining one third in eighteen

months from the day of sale, the deferred payments to draw interest at six per cent

and be secured by a mortgage on the premises. (B)(1) When a residential property is ordered to be sold pursuant to a residential mortgage

loan foreclosure action, if the property remains unsold after the first auction, then

a second auction shall be held and the property shall be sold to the highest bidder

without regard to the minimum bid requirement in section 2329.20 of the Revised Code , but subject to section 2329.21 of the Revised Code relating to costs, allowances, and real estate taxes.  This second auction shall be held not earlier than seven days and not later than

thirty days after the first auction.  A residential property that remains unsold after two auctions may be subsequently

offered for sale without regard to the minimum bid requirement in section 2329.20 of the Revised Code , but subject to section 2329.21 of the Revised Code relating to costs, allowances, and real estate taxes, or disposed of in any other

manner pursuant to this chapter or any other provision of the Revised Code. (2) For purposes of division (B)(1) of this section, the first day an online auction

is open for bidding shall be considered the date of the auction.