This form is a Correction Deed whereby the Grantor and Grantee correct a matter of "mutual" mistake in the legal description in a prior deed. This deed complies with all state statutory laws.
This form is a Correction Deed whereby the Grantor and Grantee correct a matter of "mutual" mistake in the legal description in a prior deed. This deed complies with all state statutory laws.
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To sign over property ownership to another person, you'll use one of two deeds: a quitclaim deed or a warranty deed.
Re-recording of the original document. With corrections made in the body of the original document. A cover sheet detailing the changes. Must be re-signed and re-acknowledged. Correction Deed. A new deed reflecting the corrections/changes. Must meet all recording requirements of a deed.
In the context of a California mortgage transaction, a trust deed also transfer ownership. Only this time, the title is being placed in the hands of a third-party trustee, who holds the property on behalf of the lender and the homeowner-borrower until the mortgage is paid.
Giving the wrong legal address for the property or the wrong amount of the debt can render the deed unenforceable. In some cases, the error is easy to fix, and the court will rule the deed is enforceable.
Determine if the error is harmless or fatal to the transfer of title. Decide what instrument is best suited to the error. Draft a corrective deed, affidavit, or new deed. Obtain the original signature(s) of the Grantor(s). Re-execute the deed with proper notarization and witnessing.
A deed of trust is a legal contract between a lender and a borrower to transfer some interest of the borrower's land to a trustee (see References 1).Like most other legal contracts, it can be modified through an amendment.
Resolving Small Ambiguities: The Scrivener Affidavit. Sometimes an omission attracts attention just after recording. The Correction Deed: Stronger Than a Scrivener's Affidavit. Obtain your correction deed form. Execute the correction deed. Record the correction deed.
You can correct an error on a California deed through a Correction Deed or Corrective Deed. Usually deed errors are as a result of someone attempting to prepare a deed without proper knowledge or professional help.