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Frequently Asked Questions

What is Title Insurance?

Title Insurance protects against financial loss that could result from discovery of a previously unknown title defect or ownership rights. Defects range from an unreleased mortgage, tax liens, forged documents, unknown heirs, or even clerical error. Ownership rights can be missed or mis-represented due to forgery, fraud or defects in the public record.  These findings can disrupt the free and clear standing of an owner’s title rights to the property.  Defects can lead to litigation, leaving the owner exposed to the costs and fees associated with any proceedings, as well as risking loss of rights in the property.

What is a Title Search?

A title search examines the historical records and chain of ownership, concerning a parcel of land. The search permits all parties to a transaction, information pertaining to recorded ownership interests that apply to the land, as well as any known defects or liens made against the property ahead of the sale and conveyance. This search includes several County and Federal offices and courts.

What does Title Insurance do?

A title insurance policy transfers any assumed risk of defects from the insured owner to the title insurance company. Title coverage insures that damages or financial loss incurred as a result of a previously unknown defect or ownership rights are the responsibility of the issuing company, not the owner.

How much does Title Insurance cost?

Title insurance consists of a one-time premium assessed at the time of purchase. In Ohio, the costs for the policy are regulated by the state and the filed rates must be charged by any and all issuing agents in the state. The final cost is based upon the property sale price for the owner’s policy and loan amount for the lender’s portion of coverage. Purchase of both lines of coverage, caps the cost of the lender’s portion at $100 so long as the loan amount does not exceed the purchase price. The policy remains in force for as long as the owner, or his/her heirs own the property and/or are further obligated under warranties of sale.

Why do I need Title Insurance if a Title search is performed?

Title companies perform a search to be able to address known defects and to be able to insure title.  The search is not a guarantee as to all relevant facts relating to the title and is only one of the necessary steps in being able to insure.  The best title search is ultimately, only as accurate as the information that can be located on the public record. These searches cannot account for unknown fraudulent activity, past clerical errors, recording errors, or gaps in reported liens or judgments. A title company can provide assurances of the best and diligent search but, through search alone,  cannot guarantee a free and clear issuance of title. Title Insurance provides a policy of indemnity against future claims made against the owner and transfers the risk and costs associated with such claims to the issuing underwriter.

Tax Due Dates

County

1st Half 2017 Due Date:

2nd Half 2017 Due Date:

Butler County

3/9/17

TBD – 1st week of August
Clark County

2/10/17

7/14/17

Clinton County

2/14/17

7/20/17

Darke County

2/24/17

TBD July 2017
Greene County

2/24/17

7/21/17

Hamilton County

1/31/17

6/20/17

Miami County

2/14/17

7/20/17

Montgomery County

2/17/17

7/21/17

Preble County

2/17/17

7/21/17

Warren County

2/22/17

TBD – (Tentative) 7/26/2017

Conveyance Tax

Conveyance Tax is paid when the title to a property is transferred to another party. There are exceptions so if you have a question, call the county. The amounts listed below are per $1000 of the sale price and paid to the county where the property is located.

 
Butler 3.00
Clark 4.00
Clinton 3.50
Darke 3.00
Greene 2.00
Miami 2.00
Montgomery 3.00
Preble 3.00
Warren 3.00

Helpful Links

Butler County Auditor  – Real Estate Information for Butler County properties.

Clark County Website – Access to Real Estate and Tax information in Clark County.

Clinton County Auditor – Access property information and forms for Clinton County.

Darke County Auditor – Information for Darke County Real Estate.

Dayton Area Board of Realtors – Link to the local Board of Realtors for Dayton, Ohio.

Dayton Mortgage Bankers – Find information on our local association of Mortgage Bankers.

Greene County Recorder – Online recorded documents in Greene County.

Greene County Treasurer – Greene County Tax Information.

Homestead Exemption – This link will provide information about the Homestead Exemption available to Montgomery County Residents.

Miami County Recorder – Access recorded documents in Miami County.

Miami County Treasurer – Tax information for Miami County.

Montgomery County Auditor – Access to Montgomery County Real Estate Information.

Montgomery County Recorder – View recorded documents available in Montgomery County.

Montgomery County Treasurer – Access Tax information for Montgomery County

Ohio Department of Insurance – This website lists title agents, shows rules and regulations for the title industry, and has contact information for the department.

Ohio Land Title Association – Link to the website for the association representing Title Agents in Ohio.

Preble County Auditor – Property information for Preble County.

Stewart Title Guaranty Company – Connect to the useful services of our primary underwriter.

Tax Value Complaint Form – This is the Montgomery County form which is used to file a complaint to dispute property valuation for County Property Taxes.

Warren County Recorder – View available online documents in Warren County.

Warren County Treasurer – Tax information for Warren County.