Mortgage in Toledo, Ohio
A mortgage pledges the property as security for a loan. Recorded, it is a lien that comes ahead of later liens and stays on the title until a satisfaction or release is recorded. In Toledo, mortgages are recorded with the Lucas County Recorder, and a HeritageDeed title search lists them for the property.
How Toledo records it
A mortgage takes effect when it is delivered to the recorder for record, and the first mortgage recorded has preference (R.C. 5301.23).
Within ninety days after a mortgage is satisfied, the mortgagee must record a release of it with the county recorder (R.C. 5301.36), so a mortgage with no recorded release is still of record.
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
A recorded mortgage with no satisfaction of record is an open lien, even if the loan was paid: it has to be released or paid at a sale.
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; Each mortgage's release, matched by the Recorder's cross-reference.
More about Toledo records
- Deed
- Satisfaction or release
- Assignment of mortgage
- Abstract of judgment
- Check for liens
- Find the owner
- Search deeds
Search a Toledo property's records
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