Legal Question in Real Estate Law in Texas
Many errors on a mortgage contract - Is it valid?
There are multiple errors on the mortgage contract. (Name misspellings, non initialed items, etc.) Deed was supposed to be in both parties names, but mortgage only in 1 person's.
After reviewing the contract we noticed that they list both individuals as ''borrower's'' and had both parties sign multiple documents to repay, although some paperwork only lists 1 individual as borrower. Only 1 party signed to allow them to correct clerical errors.
Can this contract be voided?
Asked on 11/13/08, 10:31 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
Re: Many errors on a mortgage contract - Is it valid?
You would need an attorney to review the actual documents and errors. When things are ambiguous, the courts look to the "intent" of the parties.
Answered on 11/13/08, 6:10 pm