Mortgage in Dayton, 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 Dayton, mortgages are recorded with the Montgomery County Recorder, and a HeritageDeed title search lists them for the property.
How Dayton 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 Montgomery County Recorder's records name most documents' lot with its municipality or subdivision, and a release cites the mortgage it releases.
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 Dayton?
Yes. The Dayton report covers: Deeds, mortgages with their recorded amounts, releases, assignments, county tax lien certificates and other liens recorded with the Montgomery County Recorder for this parcel's lot and place; Each mortgage's release, matched by the release's own reference to it.
More about Dayton records
- Deed
- Satisfaction or release
- Assignment of mortgage
- UCC fixture filing
- Abstract of judgment
- Check for liens
- Find the owner
- Search deeds
Search a Dayton property's records
AI title search, $49 per report. Usually ready in about a minute. Full refund if we can't deliver.