Revise quote in the Warranty Deed

Aug 6th, 2022
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How to revise quote in the Warranty Deed

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All right, in todays video, were gonna discuss types of deeds. Now theres probably about a dozen or so of the types of deeds were gonna discuss, and you need to know these for your real estate licensing exam. Very important. Now, understand just a little review here, I did another video that outlined the basics of deeds and what contents or what essential elements must be in a deed for it to be valid. If you have not previewed that video, please go and watch that video before you go to this video, and Im gonna leave a link right up here in your upper right hand corner of your screen. Thats a link to the video. Watch that one then come back to this one. And if youve watched that video, you will have learned that the deed is the proof or the evidence of a transfer of title or a conveyance of title. The other thing that the deed does, it represents the quality of the legal interest, what we call the quality of the estate, the type of deed determines quite frankly the quality of the

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Whats the risk if the legal description of the property is listed incorrectly in the sales contract? A mistake in the legal description may lead to more or less land being conveyed to the buyer than was intended. Written evidence can be admitted, including transaction documents.
Minor errors found in legal descriptions can be corrected by a curative notice recorded in the county public records. The legal description may state northeast when it really should have said north.
The existence of such an error can negatively impact your tax payments and any loan applications. In some cases, misunderstandings based on errors in a deed can even give rise to heated boundary disputes.
A Corrective Deed is used to fix/correct an error on a California deed which has already been recorded. This type of deed does not create a new interest. The Corrective Deed will correct the deed document on the earlier transfer of interest.
Which of the following is NOT a valid way to define a legal description? The answer is street address. While usually enough to find the location of a particular building, the street address is not precise enough to describe legal ownership.
The property description used in deeds and other land documents will refer to the name of the subdivision and the lot number. For example: Lot 42, Block 3, of North Lakes Subdivision #1, ing to map or plat thereof as recorded in Plat Book 62, Page 9, of the Public Records of Orange County, Florida.
The purpose of the review is to identify any obstacles to the successful transfer of ownership by looking for mortgages, liens, deeds, and other issues that may prevent the buyer from getting a clear title.

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