This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
Alabama Correction to Mineral Deed As to Interest Conveyed
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Multi-State
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US-OG-314
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Word;
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How to fill out Correction To Mineral Deed As To Interest Conveyed?
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FAQ
The customary method of correcting an error in a deed is: For the grantor to execute and deliver to the grantee a corrective deed. Ownership of property being transferred may need to be verified through a title report.
Deed signed by mistake (grantor did not know what was signed) Deed executed under falsified power of attorney. Deed executed under expired power of attorney (death, disability, or insanity of principal) Deed apparently valid, but actually delivered after death of grantor or grantee, or without consent of grantor.
An assignment of trust deed is necessary if a lender sells a loan secured by a trust deed. It assigns the trust deed to whoever buys the loan (such as another lender), granting them all the rights to the property. It is recorded along with the original, making it a matter of public record.
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.
Scrivener's Affidavits are sworn statements by the person who drafted a deed. Unlike a Corrective Deed, a Scrivener's Affidavit doesn't correct anything. Instead, it simply adds information to the property records to help clarify something about the prior deed.
The main difference between a deed and a deed of trust is that a deed is a transfer of ownership, while a deed of trust is a security interest. A deed of trust is used to secure a loan, while a deed is used to transfer ownership of a property.
You can use this special type of deed to make amendments to common, minimal errors such as misspellings, typos, missing information, and incomplete names. If your deed has a defect in the way it was executed or acknowledged, you may also use a correction deed to amend it.
In order to correct an error on a California deed, you will need to revise or modify the language in the deed to remove the error. If your deed has been signed and recorded, you will need to complete a Correction Deed or a Scrivener's Affidavit to correct the error.
Correction Deed for Real Estate Located in Alabama A correction deed is an instrument used to correct an error in a deed that has been recorded at an earlier date. In order to correct a prior deed on record, use a correction deed, which must be notarized and recorded at the same county agency as the earlier deed.
