Legal Question in Real Estate Law in Georgia
Does an inaccurate property description on a security deed (ie wrong plat) nullify the mortgagee claim to the actual property the home sits on in the event of the mortgager's default?
Asked on 9/25/11, 12:25 pm
2 Answers from Attorneys
Glen Ashman
Ashman Law Office also dba Glen Ashman Attorney
It's not quite that simple, and there are some complex lawsuits going on now involving such errors. Meet with both an attorney knowlegeable in bankruptcy law and one that is familiar with lending issues to review your specific facts.
Answered on 9/25/11, 1:10 pm
Scott Riddle
Law Office of Scott B. Riddle, LLC
Maybe, maybe not. It depends on the specific error and even then, the errors can often be corrected. Your loan documents likely require that you cooperate in correcting the documents.
Answered on 9/25/11, 1:22 pm