Turn On Deed For Free

If you want to obtain a copy of the deed to your home, contact your local county recorder. In Ohio, county recorders are responsible for maintaining land records and making them accessible to the public. The Ohio Revised Code establishes fees recorders may charge for various services.

A deed in lieu means you and your lender reach a mutual understanding that you're no longer able to make your mortgage loan payments. The lender agrees to avoid putting you into foreclosure when you hand the property over amicably. In exchange, the lender releases you from your obligations under the mortgage.

You can print an unofficial copy or request a certified one from the county recorder. Obtaining a certified recorded copy allows you to confirm the online document matches the document filed with the county recorder. Even though this search is helpful for determining ownership, a deed search isn't a title guarantee.

The answer to this question is yes, you can give your house back to the bank to avoid foreclosure in a process known as deed in lieu of foreclosure. Before pursuing this option, first look into a short sale, loan modification, or simply selling the property.

Removing foreclosures from your credit report requires filing a dispute with each of the three major credit bureaus. These credit bureaus have the right to dismiss any disputes they deem frivolous. The credit bureaus examine each dispute's communication and proof before deeming it worthy of being considered.

The Friendly Foreclosure Strategy is a partnership between homeowners and investors. The investor agrees to bid at the foreclosure auction and hopefully win with a great discount.

Disadvantages to Lender A lender should also hesitate before accepting a lieu deed where there are outstanding subordinate liens or judgments against the property. In such a situation, the lender will have to foreclose its mortgage, with the attendant expense and time involved to obtain clear title.

The title or deed to a piece of property, whether it be land or vehicle, is the most basic form of proof of ownership. Deeds should be recorded with the county where the property is located.

Essentially, deeds are the trail of documents that prove a property's ownership. This can include contracts for sale, mortgages, the lease, conveyancing documents and wills.

The primary disadvantage to the borrower is the loss of the property, the income from the property, and the borrower's investment in the property. The conveyance of the property is also taxable.