OH ER-111 Commercial Foreclosure Commitment Endorsement

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  • Ohio
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OH ER-111 Commercial Foreclosure Commitment Endorsement

Form Document
V 1

Judicial Commitment Endorsement 

Endorsement to Title Insurance Commitment: ____________

The Policy Amount to be issued referred to in item 2 of Schedule A shall be _________ or the amount of the successful bid at judicial sale, whichever is greater.

As required under Ohio Revised Code §2329.191(C), the street address of the real estate is:

Notwithstanding any provision to the contrary, all liability and obligation under the Commitment shall cease and terminate thirty (30) days after the recordation of the deed by the officer who makes the sale to the successful bidder at judicial sale, pursuant to Ohio Revised Code §2329.191(C).

This endorsement is issued as part of the Commitment. Except as it expressly states, it does not (i) modify any of the terms and provisions of the Commitment, (ii) modify any prior endorsements, (iii) extend the Date of Commitment, or (iv) increase the Amount of Insurance. To the extent a provision of the Commitment or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all the terms and provisions of the Commitment and of any prior endorsements.

No guidelines are available for this form at this time.