This form is a Correction Deed where the Grantors are husband and wife, or two individuals, and the Grantees are husband and wife, or two individuals. This correction deed is intended to correct an error in the preceding deed that is corrected by agreement between the parties. Grantors convey and warrant the described property to Grantees.
A Corrective Deed in Pennsylvania with a Mortgage — A Detailed Description In Pennsylvania, a Corrective Deed with a Mortgage is a legal document used to rectify errors or omissions made in a previously recorded deed that also involves a mortgage on the property. It is crucial to address any mistakes to ensure the accuracy and validity of the property ownership record as well as to protect the interests of all parties involved. Common Types of Corrective Deeds with Mortgages in Pennsylvania: 1. Corrective Deed with Mortgage — Scrivener's Error: A Scrivener's Error refers to a simple typographical or clerical mistake made when preparing and recording a deed or mortgage. These errors can include misspelled names, incorrect legal descriptions, or other minor issues. A Corrective Deed with a Mortgage in such cases corrects these errors and ensures that the property ownership and mortgage details are accurately represented in the records. 2. Corrective Deed with Mortgage — Boundary Discrepancies: Boundary discrepancies can occur when there is a mistake in the legal description of a property within the recorded deed or mortgage. This error can lead to confusion, disputes, or potential legal issues regarding the exact boundaries of the property. A Corrective Deed with a Mortgage can be used to rectify these boundary discrepancies by providing an accurate and updated legal description, thereby ensuring clarity and avoiding future complications. 3. Corrective Deed with Mortgage — Name Change or Transfer Issues: In cases where there has been a change in the property owner's name or during property transfers, inconsistencies can occur within the recorded deed or mortgage. This can arise from errors in the individual's legal name, incorrect spelling, or variations in the representation of the same name. A Corrective Deed with a Mortgage resolves these issues by reflecting the updated and accurate owner's name or properly documenting a transfer of ownership. 4. Corrective Deed with Mortgage — Mortgage Clause or Lien Issues: Mortgage clause or lien issues may arise due to inaccurately stated mortgage provisions or missing information about an existing lien on the property. These issues can potentially affect the enforceability of the mortgage or cause complications during property transactions. A Corrective Deed with a Mortgage can address and correct these errors, providing clarity and ensuring that mortgage details and lien information are accurately reflected. In Pennsylvania, it is essential to file the Corrective Deed with a Mortgage with the county recorder's office where the original deed was recorded. The corrected document will then become part of the public property records and serve as the updated and accurate representation of the property ownership and mortgage details. Note: It is crucial to consult with a qualified real estate attorney or a professional specializing in real estate law to ensure compliance with Pennsylvania laws and procedures when drafting and recording a Corrective Deed with a Mortgage.
