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A Corrective Deed is a special type of deed used to fix problems in deeds that have already been recorded. Unlike other types of deeds that transfer interests in real estate, a Corrective Deed does not create a new interest. Instead, the Corrective Deed corrects the documents relating to the prior transfer of interest.
To reform or change a deed, the parties to the deed must bring a legal action before a circuit court requesting that the court ?fix? the deed by issuing a judgment or order stating the original intent of the parties, and what needs to be legally changed.
A corrective deed is valid without any additional consideration. Acceptance by the grantee of a corrective deed is admission of the error found in the original deed.
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.
A corrective deed is valid without any additional consideration. Acceptance by the grantee of a corrective deed is admission of the error found in the original deed.