Contracts
A 'deed of correction' is used in Tennessee to:
ACorrect an error in a previously recorded deed without creating a new transfer✓ Correct
BReturn a deed to the original owner
CCreate a new deed after a foreclosure
DCorrect errors in a property condition disclosure
Explanation
A deed of correction (corrective deed) is executed to fix errors in a previously recorded deed — such as a misspelled name, wrong legal description, or incorrect property identification — without creating a new conveyance. It must be signed by the original grantor and re-recorded.
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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).
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
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