All Forum Posts by: Alex Rodolitz

Thanks so much for the help guys, I appreciate you!

I get it. And this something like an official document or can it just be casually written and signed by myself? Thank you for posting this answer btw, this is very helpful!

I just bought a property in Columbus, Ohio through an online auction. I'm an out of state investor.  Today I had a bit of a situation which I'm trying to wrap my head around. I sent a locksmith to replace a lockbox on the property because the code I was given to the box doesn't work. Since I'm out of state, I hired someone to record the process to make sure the door key worked after being rekeyed and the lock box worked as well. The locksmith got spooked because of my employee videoing him and tried to call the code enforcement - I guess to see if it was okay to enter the property - My name is on the deed btw. However, he wasn't able to get in touch with them so he called the police and they showed up at my property. They told both the locksmith and the man I hired that everything was up to date paperwork wise but since they didn't have a "work order", that the locksmith couldn't finish the job. What exactly is a work order? I'm from New York and I know that there are working permits to do work on a commercial space or similar properties. Is this same thing as a "work order" or is this something having to do with violations on the property itself? Thanks so much for your time!

Thank you for your responses guys, this has been extremely helpful!

Hello,

I am about to purchase a quit claim deed for a single family house in an online auction in Columbus, Ohio. When the title was run through a title search company, my partner and I were asked "if the owner is still alive?" The preparer told us, "there is a mortgage on the house for 60K". When asked if the title was "clean", the preparer said "no". What we would like to know is:

(We know from research we are purchasing the "interest" in the property)

1) Is it possible in the state of Ohio to obtain title insurance on quit-claim deed properties? Has any one this before?

2) If we purchase this property, will the mortgage transfer to us or does it remain between the bank and the original owner?

3) Outside of the title search and taxes due, is there any specific information we should be looking for to ensure we receive the property without any financial burden? Or a binding legal agreement?

Thank you!

The other day my partner and I had come across a home on an online auction site. It had a quit claim deed attached to it so we had a title search done. The people at the title company told us that a woman took out a mortgage on this home recently. This I can't imagine being a best case scenario, but I am wondering two things. The first is that I came across a few websites and YouTube videos that suggested in a quit claim deed a mortgage doesn't transfer from seller to buyer - is this true or false? And secondly, if you were in my shoes would you walk away or continue to proceed with the purchase - if continuing with the purchase, what should the next steps be? This would be my first home purchase so I'm still new and learning. Thank you!

Thanks Austin. I am going to send you a pm.

I am considering buying a property in the Columbus, Ohio area. However, after researching the property, I came to find that the seller would like to quit claim me the deed. I've researched BP extensively and found some to suggest that I should be weary of this sort of deed. Would anyone suggest doing a title search using a lawyer in this area for this particular property? and if so, could anyone please recommend me one. Thank you!