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Updated almost 6 years ago on . Most recent reply

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Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
1,451
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1,723
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Ohio Real Estate Q&A Discussion Forum

Are land trusts recognized in Ohio?

Bob Malecki#5 Tax Liens & Mortgage Notes Contributor
  • Investor
  • Kingston, WA
Posted

We recently foreclosed on a sfr in Lorain OH and have a private lender who will loan in 1st position for a rehab loan. The home is held in a land trust with both partners as beneficiaries. The title company in Cleveland cannot proceed to close or insure title, stating the land trusts are not recognized in OH. 

Is this correct and if so, what options do we have for a work around? 

Thanks

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