Correction Deed


Definition of "Correction deed"

Kevin Lingard
Kevin Lingard Coldwell Banker

Issued to correct errors in another deed such as spelling errors in a name or an improper legal description. For example, a correction deed was issued to the property owner Smith to amend an inaccurate property description.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Deed Of Confirmation

Used to rectify errors made in a previous deed. Such errors can include incorrect spelling of a name, inaccurate property description, or an improper ...

Acknowledgment

Proclamation by an authorized official verifying the individuals signing a document or deed and that they have done so freely. ...

Shared Appreciation Mortgage (SAM)

A type of equity participation loan where, in exchange for charging a below-market interest rate, the lender receives a predetermined percentage of a ...

Ready, Willing, And Able Buyer

Real estate term describing a buyer who is prepared to comply with terms and conditions of a purchase contract and has the financial ability to compl ...

Valuable Considerations

Value is exchanged by the parties to an agreement involving current or future performance making it legally enforceable. Without reasonable considerat ...

Home Inspector

A certified professional who inspects homes to insure they meet satisfactory construction standards and building codes. A home inspector will examin ...

Popular Real Estate FAQ

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property to depreciate. This is why it\'s a great investme ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If selling the home, this would also be minus any cost ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate? The Ugly Truth About Open Houses

FAQ

What do I need to know about Indemnity Insurance? What is a closing? What is an agent? What is a lien? What are comparables or comps?