Frequently Asked Questions

NO.  Many people purchase a vacant lot prior to constructing a new home or another type of dwelling.  We are frequently asked, “When do I get the deed for our house?”  A deed indicates ownership of property, (land).  Any improvements or structures placed on the land become a part the land.  Whatever is constructed thereafter is automatically yours and becomes a part of the land.  No additional deed will be necessary to transfer ownership of the improvements(house, buildings, etc.).

When a loan has been paid off a Satisfaction of Mortgage will be provided by your lender, and must be recorded to clear your title. You do not get a new Deed for your property.

The deed, when recorded, became a permanent part of the County property records. If you should lose your original deed, you may obtain a certified copy of your deed from the County Recorder in which the land is located.   A county certified copy can be used in the place of the original.

No;  only the Trustee(s) or  Successor Trustee(s) of the trust can hold title to the real property on behalf of the Trust.

A trust exists when one person (often called the grantor or the settlor) gives property to another person (called the trustee) to hold and manage for one or more other persons (called the beneficiaries).  Under the Ohio Trust Code, a revocable trust (sometimes also known as a "living trust") is a trust that the grantor can amend (change) or revoke (cancel) during his or her lifetime.  Through the terms of the revocable trust, the grantor keeps all the benefits of any property placed into it for the rest of his or her life.  The grantor also can be the trustee, bu

A Certificate of Title is an attorney's opinion based on a search of the public records. So, once again, even the most exhaustive search of these records may not reveal everything. Unlike a title insurance company, an attorney is not liable if you should suffer loss because of "hidden hazards" in the title.

No.  A Loan title insurance policy protects the insured Lender that he has a valid enforceable lien on the property.  The buyer is not an insured on that policy and is not protected. It does not guarantee anything to the property owner and provides him no recourse to the title company should the title prove defective.

The Owners Title Insurance Policy only protects the stated insured on the policy.  That policy or protection does not pass to anyone else or any future owners of the property.  The seller could also, in a very short time, do many things to encumber the title. For example, he could grant easements or construct improvements that encroach on adjacent property. He could get married or divorced, or have a lien filed against the property.

Used for people or companies that lend money. Protects the Lender's lien priority and protects the lender's interest in the property as security for the outstanding balance under the buyer's mortgage.   A Loan Title Insurance Policy guarantees to the insured Lender that it has a valid enforceable lien on the property. The amount of coverage decreases as the note is paid off. It does not guarantee anything to the property owner and provides him no recourse to the title company should the title prove defective.

An Owner's Title Insurance Policy protects the insured owner while he owns the property. It also protects the insured after he sells the property, from any loss he many suffer due to the warranty of title contained in the deed which he signs when his sale is made. The premium is paid only once for this protection. The policy guarantees that at the date the deed was filed of record putting title in the insured, the title was free of defects, except those shown in the policy. It guarantees up to the face value of the property.