Friday, August 20, 2010

If a mortgage agreement has an incorrect deed number, can the agreement be deemed void ?

What legal action can take place? How can the customer be compensated?If a mortgage agreement has an incorrect deed number, can the agreement be deemed void ?
What loss did you incurr?


IT's called a scrivner's error; in the worst case, the mortgage company re-records it and pays the costs incurred.If a mortgage agreement has an incorrect deed number, can the agreement be deemed void ?
A lot of times the unit numbers on a plot map don't agree with the numbers on the door fronts of the property. That happened on my condo so many times there is confusion when buying, selling, and refinance. If there you find a problem after the loan closes, then you can put in a title claim and get a correction.

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