Satisfaction or release in Toledo, Ohio
A satisfaction (also called a release, reconveyance or discharge) is recorded by the lender after a loan is paid, to take its mortgage or deed of trust off the title. In Toledo, satisfactions and releases are recorded with the Lucas County Recorder, and a HeritageDeed title search lists them for the property.
How Toledo records it
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
Matching every loan to its satisfaction is the core of a lien search: an unmatched loan is still open of record.
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
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