This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Closing Property Title For Married Couple In Cuyahoga
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State:
Multi-State
County:
Cuyahoga
Control #:
US-00447BG
Format:
Word
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FAQ
It is generally attorneys and title companies that prepare documents of conveyance. Many times, attorneys or title companies will search the land records to determine if there is a clear title to the property.
Contact Us Phone: 216-443-7020. Fax: 216-698-2748. Office Hours: Monday-Friday am - pm. Address: 2079 E. Ninth Street, 4th floor. Cleveland, OH 44115.
A deed must be recorded in person, UNLESS the deed already reflects ALL of the necessary auditor and engineer stamps and approvals. The deed must be legibly prepared, signed, and notarized BEFORE presented for recording.
Spouses who do not sign a mortgage deed retain a superior interest to the bank issuing the real property mortgage and may receive funds before the bank in a foreclosure sale. Additionally, a spouse who does not sign the deed during a sale of their spouse's property does not grant the purchaser complete ownership.
Joint tenancy with right of survivorship (JTWROS) This is often a common vesting for married couples, but it also applies to family members planning to own a property together.
Section 1319.06 | Husband and wife must join in chattel mortgage on household property. No husband or wife shall create any lien by chattel mortgage or otherwise upon any personal household property owned by either or both of them, without the joint consent of both husband and wife.
Ohio still recognizes a statute that protects both husbands and wives regarding an interest in real estate where a spouse does not hold title to the property (only one spouse signed their name on the deed).
All spouses will need to sign some documents even if they are not going to be an owner in the property. Ohio has dower(marital) rights and all spouses need to sign the mortgage and a few additional Lender documents in order to release any rights they may have in the property to the lender in case of foreclosure.
The answer to your question is yes. It can be done - but typically a mortgage company/bank will require the other spouse to sign off waiving their interest in a property.
