Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee hears testimony on foreclosure reform to expand private-selling officers, shorten sales periods and change appraisal and advertising rules
Summary
Tony Fiore, legislative counsel for Auction.com, testified for Senate Bill 135, which would expand private selling officer usage statewide, require qualified appraisers, shorten bidding windows from seven to three days, and change advertising rules for foreclosure sales.
Senate Bill 135, presented to the Judiciary Committee by Tony Fiore, legislative counsel for Auction.com, would adjust Ohio’s judicial foreclosure process to expand the use of private selling officers (PSOs), change appraisal and advertising rules, and shorten online sale periods.
Fiore said the bill stems from efforts to make foreclosure sales more efficient and to attract more third-party buyers, arguing that PSOs — licensed real-estate professionals and auctioneers — can market properties more effectively than sheriff’s offices. He told the committee the bill would preserve consumer protections,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
