Correct certificate in a Warranty Deed - Online Editor

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How to correct certificate in the Warranty Deed

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- Hi, Im Andrew Easler, managing attorney At Easler Law. Today, were going over your most pressing legal questions. (gentle upbeat music) (computer beeping) Todays legal question is, (bubble popping) (keyboard clicking) What is a correction deed? A correction deed, also known as a deed of correction or corrective deed, is a tool authorized by state statute which allows the maker to correct a mistake on a prior deed that resulted in the failure of title to pass to the grantee, the person receiving the property. This tool can only be used to correct certain errors or mistakes such as a failure to properly execute the original deed or a typographical error on the legal description. It should not be used to correct mistakes that result in the actual transfer of title or ownership rights. For example, if the grantor intended to transfer his ownership in the property to two individuals but only indicated one grantee in the deed, a corrective deed would be inappropriate. The grantee who

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What if my name is on the house but not the mortgage?

In other words, if your name is on the deed, you are tenants-by-the-entireties, and if one of you dies, the other owns the property entirely. If you are not on the mortgage for whatever reason, you are not liable for paying the mortgage loan. That said, you get your spouses interest in the property if they die.

Does it matter whose name is on the house?

Whos going to get the house? Well, its kind of a trick question because it doesnt matter. It doesnt matter whose name is on the deed or whose name is on the mortgage. Nine times out of 10 what matters is when the house was purchased and with what type of funds it was purchased.

Does it matter if my name is on the mortgage?

Because your name appears on the mortgage, you are responsible for making the payments on the loan, just like the property owner. Without actually owning the home, you have all the homeowners responsibilities. There are several reasons why having only one spouse on the deed is bad.

Does it matter whose name is first on house?

When It Comes To Deeds, Does it matter whose name is first on a house title?? Property deeds do not generally affect ownership rights based on the order in which the names appear. It is essential to specify in the deed what kind of ownership is assumed, such as: Ownership sole.

What is the implied warranty of title?

Another implied warranty is the warranty of title, which implies that the seller of goods has the right to sell them (e.g., they are not stolen, or patent infringements, or already sold to someone else).

Is it better to put both names on house?

While each mortgage situation is different, often times it makes more sense to have both names because it allows for two income streams, which ultimately helps you qualify for your loan amount.

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