Payoff Form For Mortgage In Ohio

State:
Multi-State
Control #:
US-0019LTR
Format:
Word; 
Rich Text
Instant download

Description

The Payoff Form for Mortgage in Ohio is a crucial document that enables users to communicate the amount required to fully pay off a mortgage loan. It serves as an official request to finalize financial obligations, ensuring clarity for both lenders and borrowers. This form is particularly important for attorneys, partners, owners, associates, paralegals, and legal assistants who may need to handle mortgage transactions or resolve outstanding loan balances. Key features of the form include the requirement to specify the loan details, including the account number and outstanding balance, as well as any additional costs such as interest amounts accrued until the payment date. Users should fill in the necessary information accurately and ensure that the form is sent to the relevant financial institution to avoid any delays. The form facilitates legal compliance by providing a written record of the payoff request, making it an essential tool for legal professionals managing real estate transactions. In addition, it simplifies communication between parties involved by clearly stating any necessary conditions related to the payoff, ensuring all are aligned on expectations.

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FAQ

CRN or DRL (This can be found on your letter from the Ohio Attorney General's office.)

Tax lien: The statute of limitations for a tax lien in Ohio is 15 years from the date the tax liability was assessed. This means that the government has 15 years to collect the taxes owed before the lien expires. Judgment lien: In Ohio, a judgment lien can be valid for up to 5 years.

To obtain more information about the lien, contact the Attorney General's Office. For business taxes call 1-888-246-0488. For individual taxes call 1-888-301-8885.

State Tax Liens To release a tax lien, the debtor must contact the Ohio Attorney General's Office of Collections and Enforcement to determine the exact amount of tax owed. Payment of the original tax must be remitted to the Ohio Department of Taxation.

The Department of Taxation does not forward information to, nor receive information from the credit bureau. However, when an assessment is forwarded to the Attorney General's Office for collection, a judgment lien is filed with the county clerk of courts. This information is public record.

CRN or DRL (This can be found on your letter from the Ohio Attorney General's office.)

Ohio Attorney General's Office (AGO) - (877) 607-6400.

The Ohio Attorney General's Legal Community The office's work brings criminals to justice, preserves Ohioans' rights and protects the interests of state government and the citizens it serves. The office also provides formal opinions on legal questions arising during the course of public officials' work.

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Payoff Form For Mortgage In Ohio