Assignment of mortgage in Toledo, Ohio
An assignment transfers a recorded mortgage or deed of trust from one lender or holder to another. Loans are often assigned several times. In Toledo, assignments of mortgage are recorded with the Lucas County Recorder, and a HeritageDeed title search lists them for the property.
How Toledo records it
The Lucas County Recorder's records carry every party to a document, the consideration (the loan amount on a mortgage) and marginal notations that cross-reference a mortgage, its assignments and its release.
What it means for a buyer or bidder
The holder named in the last recorded assignment is the one that must record the satisfaction; a gap in assignments can delay a release.
Does a title search find it in Toledo?
Yes. The Toledo report covers: Deeds, mortgages with their recorded amounts, releases, assignments and land contracts recorded with the Lucas County Recorder for this property's subdivision.
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