Title Insurance and Closing Services Since 1954
WAYNE COUNTY TITLE
Not necessarily. A deed is just a document by which the right of ownership in land is apparently transferred, whatever that right may be. It's not proof of ownership, and it doesn't do away with rights others may have in the property. In addition, a deed won't show you liens or claims that may be outstanding against the title.
A credit report offers vital information about your credit history. The information in your credit report serves as a reference point for financial institutions considering your creditworthiness. You should check your personal credit report at least twice a year to make sure that the information is correct.
The title company coordinates and/or handles the closing. This is the signing of documents and receipt of all funds required to complete the closing transaction. The title company will have the title records updated prior to the recordings of the documents and will then record the documents in the county records for transfer of the ownership of the property into the new buyer(s) names.
This is a tax imposed by counties in Ohio on documents conveying land based upon the consideration or value. In Ohio the tax varies by county. In our local area they are currently as follows (subject to change by the county at any time):
Wayne County - $2.00 per $1,000.00
Holmes County - $4.00 per $1,000.00
Ashland County - $4.00 per $1,000.00
IF YOU ARE AN INDIVIDUAL, THERE ARE SEVERAL WAYS YOU CAN HOLD TITLE:
An escrow will provide you with a guarantee that no funds or property will change hands until ALL of the terms and conditions have been followed.
An escrow is the process which was developed to handle, by a neutral third party, the transfer of funds and documents from one party to another upon the occurrence/performance of a specified event/condition.
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens' full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
An easement or right of way is an interest in land of another, entitling the holder of the easement to a limited use or enjoyment of the land in which the interest exists.
The expression “covenants, conditions, and restrictions,” colloquially referred to as “CC&Rs,” is commonly used as a reference to limitations or qualifications on land use imposed in a conveyance or other instrument within the chain of title to land.