Escrow & Title
A 'deed of confirmation' in Georgia is used to:
AA. Confirm the purchase price after closing
BB. Correct defects, ambiguities, or errors in a previously recorded deed✓ Correct
CC. Confirm the lender's interest in the property
DD. Confirm that all taxes have been paid
Explanation
A deed of confirmation (or correction deed) is used to correct errors in a previously recorded deed — such as a misspelled name, incorrect legal description, or missing information — while maintaining the original conveyance date and priority.
People Also Study
Related Georgia Questions
- In Georgia, a deed must contain a legal description that:Escrow & Title
- Under the Community Reinvestment Act (CRA), federally regulated banks are required to:Finance
- The income capitalization approach to value assumes that value is:Property Valuation
- A capitalization rate for an income property is influenced by all of the following EXCEPT:Property Valuation
- A real estate professional preparing a Comparative Market Analysis (CMA) must disclose that a CMA is:Property Valuation
- A judgment lien in Georgia attaches to:Escrow & Title
- Under Georgia law, a contract for the sale of real property must include a legal description that is:Contracts
- In Georgia, a quiet title action is a legal proceeding used to:Property Ownership
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Closing CostsFees and expenses paid by the buyer and/or seller at the closing of a real estate transaction, in addition to the property's purchase price.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Study This Topic
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →