In Ohio, where must a mortgage be recorded to provide constructive notice to the public?
Correct Answer
D) With the county recorder in the county where the property is located
Under Ohio law (ORC §5301.25), mortgages must be recorded with the county recorder in the county where the property is located to provide constructive notice. Recording puts the public on notice of the lien.
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Previous Question
An Ohio borrower obtains a purchase money mortgage to buy a home. Under Ohio law, a purchase money mortgage has which special characteristic regarding lien priority?
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An Ohio homeowner has a first mortgage and wants to take out a home equity loan. The home equity lender wants first lien position. To accomplish this, the first mortgage lender would need to agree to: