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A correction deed is a deed that serves to correct or negate a mistake made between parties whom have contracted an original deed agreement. The mistake can encompass minor things such as the misspelling of a name or major terms such as the price of the land.
Generally, all parties who signed the prior deed must sign the correction deed in the presence of a notary, who will acknowledge its execution. Then record it in the country court records system to make it valid.
It is important to remember that although Section 5.028 only requires a correction deed making nonmaterial changes to be executed by a person who has personal knowledge of facts relevant to the correction, Section 5.029 requires correction deeds making material changes to be executed by all parties to the original ...
(a) A correction instrument that complies with Section 5.028 or 5.029 may correct an ambiguity or error in a recorded original instrument of conveyance to transfer real property or an interest in real property, including an ambiguity or error that relates to the description of or extent of the interest conveyed.
Section 5.028 - Correction Instruments: Nonmaterial Corrections (a) A person who has personal knowledge of facts relevant to the correction of a recorded original instrument of conveyance may prepare or execute a correction instrument to make a nonmaterial change that results from a clerical error, including: (1) a ...