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Correction Statement and Agreement - Pennsylvania

Correction Statement and Agreement - Pennsylvania 2025

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The document is a Correction Statement and Agreement related to a real estate transaction between Seller(s) and Buyer(s). It outlines the responsibilities of both parties to correct or replace any closing documents that contain errors, inaccuracies, or have been lost. The agreement specifies the process for addressing such issues, including timelines for delivering replacement documents and liabilities for failure to comply. It also clarifies that this agreement does not cover errors in consumer disclosures related to loans.

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What is a corrective deed in Pennsylvania?

Pennsylvania Correction Deed Overview Correct common errors in a deed, such as typographical mistakes or omissions in various sections of the original deed, by using a corrective deed, which must be signed by the grantor or the grantee and re-acknowledged.

What is a corrective deed example?

Correction deed example For instance, you may be reviewing your deed and realize that your name is misspelled. Or, you realize that your spouses name and marital status were omitted. Another common example is a small error in the legal property description.

What is the strongest form of deed?

A corrective deed, also known as a confirmatory or correction deed, is a type of legal document used to amend errors in an existing property title. It is most commonly used for minor mistakes, such as misspelled or incomplete names, omissions of marital status, and missing information.

What are the different types of deeds in PA?

A warranty deed offers the strongest protection. It protects the party receiving the property title in case there turns out to be any issues with the title.

Which sellers are required by Pennsylvania state law to complete a property condition disclosure statement?

Any seller who intends to transfer any interest in real property shall disclose to the buyer any material defects with the property known to the seller by completing all applicable items in a property disclosure statement which satisfies the requirements of section 7304 (relating to disclosure form).