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What are the effects of a Major error on a mortgage deed?

In: Loans, Mortgages, Home Equity and Refinancing, Deeds and Ownership, Money Management [Edit categories]

Answer:

The outcome depends on the scope of the error. There are many different types of errors that can be made in a mortgage and they must be examined on a case-by-case basis. There can be errors regarding the title holders of the property, the property description, the monetary amount, recording in the wrong jurisdiction, etc. There is no one answer.

First answer by Kluss. Last edit by Kluss. Contributor trust: 698 [recommend contributor ]. Question popularity: 1 [recommend question].

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