Good Funds Laws in Ohio: Why Your Title Company Holds Funds Before Closing
Why Funds Don't Move the Moment You Sign Buyers and sellers are sometimes surprised to learn that their title company won't release closing funds the instant documents are signed. This isn't a delay tactic. It's the direct result of Ohio's Good Funds Law, found in Ohio Revised Code Section 1349.21, which sets strict requirements for …
How to Protect Your Ohio Home From Deed and Title Fraud: A Homeowner’s Guide
A Threat That's Easy to Overlook Deed and title fraud happens when someone files a forged or fraudulent document, such as a fake deed or a fraudulent satisfaction of mortgage, in the public record in an attempt to claim ownership of a property that isn't theirs. County recorders across Ohio, including in Stark County, have …
Reverse Mortgages and Title Insurance in Ohio: What Seniors Need to Know
What a Reverse Mortgage Is and Why Title Matters A reverse mortgage, most commonly a Home Equity Conversion Mortgage (HECM), allows homeowners age 62 and older to convert home equity into cash without making monthly mortgage payments. Because the loan is secured by the home, and repayment is typically deferred until the homeowner moves, sells, …