Ohio Partial Release of Mortgage / Deed of Trust for Landowner is a legal document that allows a borrower to release a portion of their property from the mortgage or deed of trust that encumbers it. This release grants the landowner the ability to convey or sell the released portion of the property without any lien or encumbrance. A partial release of mortgage is typically used when a borrower wishes to sell a portion of their property but still wants to keep the remaining portion as collateral for their loan. This partial release effectively removes the lender's interest in the released portion, allowing the landowner to have clear title over that specific area. In Ohio, there are several types of partial releases of mortgage or deed of trust that landowners should be aware of: 1. Partial Release of Mortgage: This type of release allows the landowner to remove a specific portion or parcel of their property from the mortgage. This may be in the form of a specific lot or designated area within the property. 2. Partial Release of Deed of Trust: Similar to the partial release of mortgage, this type of release allows the landowner to remove a portion of their property from the deed of trust. This release removes the lender's interest in the selected area, granting the landowner more flexibility in managing their property. 3. Partial Release of Lien: In certain cases, a landowner may have a lien on their property that is being partially released. This release allows the landowner to remove the lien from the specific portion of the property specified in the release. 4. Partial Release of Easement: In some cases, an easement may have been granted over a portion of the property. A partial release of easement allows the landowner to release the easement rights granted, restoring full control and ownership over the specified portion. It is important to note that the specific requirements, procedures, and forms for Ohio's partial release of mortgage or deed of trust for landowner may vary. It is advisable to consult with a qualified attorney or legal professional to ensure compliance with relevant laws and regulations. Proper execution and recording of the release document will help protect the landowner's interests and maintain the integrity of the property's title.
Ohio Partial Release of Mortgage / Deed of Trust For Landowner
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