Preliminary Judicial Reports - Revision history

Davidjenkins: /* Examination */

2019-12-05T13:23:38Z

‎Examination

Davidjenkins: /* Pricing */

2019-12-03T15:17:08Z

‎Pricing

Davidjenkins: /* Compliance */

2019-12-03T15:16:04Z

‎Compliance

Davidjenkins: /* Production */

2019-12-03T15:15:27Z

‎Production

Davidjenkins at 14:22, 3 December 2019

2019-12-03T14:22:16Z

Davidjenkins: /* Compliance */

2019-12-03T14:06:03Z

‎Compliance

Davidjenkins: /* Forms */

2019-12-03T14:01:40Z

‎Forms

Davidjenkins: /* Recording */

2019-12-03T13:57:00Z

‎Recording

Davidjenkins: /* Pricing */

2019-12-03T13:41:57Z

‎Pricing

Davidjenkins: /* Pricing */

2019-12-03T13:41:01Z

‎Pricing

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 ===Examination===
 ===Curative===
 ===Underwriting===

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 * A Judicial Commitment follows the pricing for a regular owner's policy and is based on the amount paid by the successful bidder at the Sheriff's Sale.  This is typically provided when a non-residential (1-4 family) property is being foreclosed.
 * Ohio Title Insurance rates are non-inclusive, so it is possible to charge for search and examination above and beyond the premium charged for the PJR.
 ==Cross-References==
 * [[Ohio]]

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 ===Compliance===
-* Ohio’s anti-inducement statute presents problems.
+* Ohio’s anti-inducement statute.
 ===Forms===

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 ===Production===
-* A PJR may be used for any type of property.
+* PJRs have their own jackets and separate set of policy numbers to distinguish them from owner's and loan policies.
 * For properties that are not 1-4 family residential properties, the foreclosure attorney has the option of filing a "Judicial Commitment" that consists of a regular owner's commitment with some additional modifications.
 ====Cuyahoga County====
 * All PJRs issued in Cuyahoga County must include the Extended Coverage Endorsement.
 ====Signatures====
 Several Counties require that the filed PJR be wet-signed by the licensed title producer.  Most counties will accept a facsimile signature.  The rule is typically determined by the local court rules for each county and does change from time to time.  The counties that currently require west signatures are as follows:
 * Ashland

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 ===Curative===
 ===Underwriting===
 ===Production===
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 ===Closing & Escrow===
 ===Recording===

← Older revision		Revision as of 14:06, 3 December 2019
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	===Compliance===		===Compliance===
		+
		+	* Ohio’s anti-inducement statute presents problems.

	===Forms===		===Forms===

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 ===Forms===
-* [http://wfgunderwriting.com/download/ohio/forms/3157339%20OTIRB%20Preliminary%20Judicial%20Report%20%2004-15-2010.pdf Preliminary Judicial Report]
+* [https://wfgunderwriting.com/wp-content/uploads/filebase/ohio/forms/3157339%20OTIRB%20Preliminary%20Judicial%20Report%20%2004-15-2010.pdf Preliminary Judicial Report]
-* [http://wfgunderwriting.com/download/ohio/forms/3157639%20OTIRB%20Record%20Products%20Supplemental%20Preliminary-Final%20Judicial%20Report.pdf Supplemental Preliminary Judicial Report]
+* [http://wfgunderwriting.com/wp-content/uploads/filebase/ohio/forms/3157639%20OTIRB%20Record%20Products%20Supplemental%20Preliminary-Final%20Judicial%20Report.pdf Supplemental Preliminary Judicial Report]
-* [http://wfgunderwriting.com/download/ohio/forms/3157539%20OTIRB%20Record%20Products%20Final%20Judicial%20Report%2010-1-2004.pdf Final Judicial Report]
+* [http://wfgunderwriting.com/wp-content/uploads/filebase/ohio/forms/3157539%20OTIRB%20Record%20Products%20Final%20Judicial%20Report%2010-1-2004.pdf Final Judicial Report]
-* [http://wfgunderwriting.com/download/ohio/forms/3157639%20OTIRB%20Record%20Products%20Supplemental%20Preliminary-Final%20Judicial%20Report.pdf Supplemental Final Judicial Report]
+* [http://wfgunderwriting.com/wp-content/uploads/filebase/ohio/forms/3157639%20OTIRB%20Record%20Products%20Supplemental%20Preliminary-Final%20Judicial%20Report.pdf Supplemental Final Judicial Report]
-* [http://wfgunderwriting.com/download/ohio/forms/3177339-ECE%20PJR%20Extended%20Coverage%20Endorsement.doc Extended Coverage Endorsement] (required for Cuyahoga County)
+* [http://wfgunderwriting.com/wp-content/uploads/filebase/ohio/forms/3177339-ECE%20PJR%20Extended%20Coverage%20Endorsement.doc Extended Coverage Endorsement] (required for Cuyahoga County)
-* [http://wfgunderwriting.com/download/ohio/forms/WFG%20OH-111%20%20Judicial%20Commitment%20Endorsement.doc Judicial Commitment Endorsement]
+* [http://wfgunderwriting.com/wp-content/uploads/filebase/ohio/forms/WFG%20OH-111%20%20Judicial%20Commitment%20Endorsement.doc Judicial Commitment Endorsement]
 ===Searching===

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 ===Pricing===
-Pricing for Preliminary Judicial Reports is determined by the rate found in the OTIRB Rate Manual:
+Pricing for Preliminary Judicial Reports is determined by the rates found in the OTIRB Rate Manual:
 * The charge for a PJR is based on the amount of the unpaid principal balance. Regardless of the rate and amount of coverage, there is a mandatory minimum charge of $75. [http://wfgunderwriting.com/download/ohio/rate-manuals/OHIO%20-%20OTIRB%20Rate%20Manual%20Effective%2012-1-18.pdf Ohio Rate Manual RP-2].
 ** The charge is $5 per thousand for judicial foreclosure of a lien.  This includes mortgage foreclosures.

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 Pricing for Preliminary Judicial Reports is determined by the rate found in the OTIRB Rate Manual:
-* The charge for a PJR is based on the amount of the unpaid principal balance. [http://wfgunderwriting.com/download/ohio/rate-manuals/OHIO%20-%20OTIRB%20Rate%20Manual%20Effective%2012-1-18.pdf Ohio Rate Manual RP-2].
+* The charge for a PJR is based on the amount of the unpaid principal balance. Regardless of the rate and amount of coverage, there is a mandatory minimum charge of $75. [http://wfgunderwriting.com/download/ohio/rate-manuals/OHIO%20-%20OTIRB%20Rate%20Manual%20Effective%2012-1-18.pdf Ohio Rate Manual RP-2].
 ** The charge is $5 per thousand for judicial foreclosure of a lien.  This includes mortgage foreclosures.
 ** The charge is $3 per thousand for any other type of proceeding.
 * Updates to any PJR, including for any FJR, are $50 for each update.  This is a filed rate and must be charged for each update. See [http://wfgunderwriting.com/download/ohio/rate-manuals/OHIO%20-%20OTIRB%20Rate%20Manual%20Effective%2012-1-18.pdf Ohio Rate Manual RP-2.1].
-* The charge for Extended Coverage Endorsement is based on the amount of coverage provided by its associated PJR. [http://wfgunderwriting.com/download/ohio/rate-manuals/OHIO%20-%20OTIRB%20Rate%20Manual%20Effective%2012-1-18.pdf Ohio Rate Manual RP-2.2]
+* The charge for Extended Coverage Endorsement is based on the amount of coverage provided by its associated PJR.  The rate is $0.50 per thousand of coverage with a mandatory minimum charge of $50. [http://wfgunderwriting.com/download/ohio/rate-manuals/OHIO%20-%20OTIRB%20Rate%20Manual%20Effective%2012-1-18.pdf Ohio Rate Manual RP-2.2]  This endorsement is required in Cuyahoga County.
 * A Judicial Commitment follows the pricing for a regular owner's policy and is based on the amount paid by the successful bidder at the Sheriff's Sale.  This is typically provided when a non-residential (1-4 family) property is being foreclosed.
 * Ohio Title Insurance rates are non-inclusive, so it is possible to charge for search and examination above and beyond the premium charged for the PJR.