Correct comma in the Deed of Trust effortlessly

Aug 6th, 2022
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How to Correct comma in the Deed of Trust

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- Hey everyone, my name is Paul Vojchehoske and welcome to the Real Estate Classroom YouTube channel. Before we get started, please do me a favor. Give this video a thumbs up, hit that red subscribe button and click on the notification bell. In todays video were gonna discuss whats called a deed of trust, or sometimes called a trust deed, depending on what part of the country youre operating in. Now, I did a previous video on, excuse me, the promissory note and a mortgage. A promissory note, the mortgage, and a deed of trust all kinda go hand in hand together. So if you have not watched that video yet, I highly recommend that you go watch that video first, then come back to this one. That will make this video make so much more sense. And Im gonna put a link right up here in the upper right hand corner of your screen to that video. So thats my recommendation. All right, so are you ready? Lets talk about deeds of trust in this video. (upbeat music) So what is a deed of trust? Well

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How to Correct a 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.
docHubners Affidavits These types of errors can usually be corrected rather easily by having the drafter complete an Affidavit of docHubners Error, which are sworn statements by the person who drafted the deed, attesting to and clarifying a mistake.
Usually, a deed with an incorrect name can be corrected by recording a new deed granting the property to yourself: Clarissa Dalloway, who acquired title as Clarisse Dalloway, hereby grants to Clarissa Dalloway. This makes the chain of title clear so that you can resell or refinance the property without any confusion.
A correction deed, also known as a confirmatory or corrective deed, is a legal document used to fix errors on a property title that is recorded. Property owners can use this special type of deed to amend common errors such as misspellings, incomplete names, and other missing information.
An erroneous legal description attached to a deed operates to cause the recorded deed to be defective, and impacts the chain of title.
If the mistake in the deed is minor and clearly reflected in the public record, it can be corrected with a simple affidavit. This affidavit stating that the legal description of the property has an error can be drawn up by an attorney, a property surveyor, or the institution that prepared the original deed.
The main difference between a deed and a deed of trust is that a deed is a transfer of ownership, while a deed of trust is a security interest. A deed of trust is used to secure a loan, while a deed is used to transfer ownership of a property.
In North Carolina, property owners generally have three options for correcting errors within property deeds. These include using an affidavit of correction, also known as a docHubners affidavit; re-recording the original deed; or using a newly-drafted correction deed.

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