Property Ownership
In Minnesota, which of the following instruments would be used to correct an error in a previously recorded deed?
AA new original warranty deed
BA correction deed (corrective deed)✓ Correct
CA quitclaim deed filed with the court
DAn addendum to the original deed
Explanation
A correction deed (also called a corrective deed or confirmatory deed) is used in Minnesota to correct errors in a previously recorded deed—such as a misspelled name, incorrect legal description, or wrong property address. The correction deed is signed by the original grantor and recorded to replace or correct the erroneous information.
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- A Minnesota title company discovers the seller's name on the deed is misspelled (different from their legal name on all other documents). This is called a:Escrow & Title
- A Minnesota property sale closes and the deed is recorded with a misspelled street address but correct legal description. What is the significance of this error?Escrow & Title
- A Minnesota deed must be recorded to be valid against:Escrow & Title
- In Minnesota, which of the following is the legal effect of recording a deed with the county?Property Ownership
- In Minnesota, the legal doctrine of 'equitable conversion' means that once a purchase agreement is signed:Property Ownership
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
State-Specific Concepts
DRE Regulation
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