Mortgage Related Transactions

Revised July 10th, 2017

A Letter of Account Clearance is required for any mortgage related transaction. A penalty fee of $30 will be charged if the request is submitted less than seven days from the required date. Payment must be submitted with the request. Submissions are accepted through the website at Mortgage Closing Letter.

Rational: This policy is to permit sufficient time for verification of the account status for the impacted property and request release of any liens upon the property upon settling of the account balance (if any). Historically there were several issues resulting from receiving requests on or before the day of closing. The OHA Board is staffed by volunteers which may not be immediately available when these situations occur.