Oxford title is happy to meet with buyers and sellers upon appointment but we represent the lender in all transactions and cannot advise you in negotiations.
Title insurance adds security and peace of mind to buying a home. It is a one-time purchase that protects you as long as you own your home.
It is a policy that protects you, the homeowner, from any financial loss that may occur due to claims against your ownership of the property or any other of the numerous covered claims offered by an Owner's Title Policy.
When you purchase a lenders and owner's policy simultaneously the lender's policy drops to a reduced rate of $100.00 and the owner's policy is at normal cost. View our rates for a complete fee breakdown.
Earnest money does not count towards the commission to the real estate agent. It is used to show intent to buy and is held by the real estate agents. You determine the amount and it is held in an escrow account until the purchase is completed.
The seller is required to pay the conveyance fee as stated in the standard purchase contract. It is the fee charged by the county auditor to transfer the property into the new owner’s name.
By law, Oxford Title is required to hold 3 additional working days of interest on the payoffs. By law, the lenders have 30 days to return all additional interest and escrows to sellers after payoff of the loan.
Clermont county transfer fee is $4 per thousand of the purchase price, all other counties are $3 per thousand
Lines of credit, even if unused, count as open liens against your property. We need the information about these to obtain payoffs of mortgage. When selling your home every mortgage or lien has to be paid in full at or before closings. The documents we receive from the bank or lien holder detailing the amount due and where to send the funds are called payoff statements or payoffs.
Anything over $1,000 must be in the form of a cashier's check, certified check or wire transfer. Anything under $1,000 - a personal check is acceptable.
Please remember to bring a photo ID to the closing.
Let us know as soon as possible if you are not able to attend a closing and require a Power of Attorney by simply contacting Stacey McIntyre or Dana McGlone at
513-561-3313.
If you would like to review your closing doucmentation prior to the closing please notify Stacey McIntyre or Dana McGlone at 513-561-3313 in advance.
Ohio is a dower state; all spouses have to release dower or execute mortgages and deeds. It is the part or interest of a deceased person’s real estate allotted by law to his/her widow/widower.
See Ohio Revised Code 2103.02 http://codes.ohio.gov/orc/2103 for more information.
Just call us at 513.561.3313 or place an order online and we will do the rest.
