Category: Legal Description
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Is the Deed Still Good After Erosion?
Boundaries of waterfront property can change. And today, more and more, homes near beaches or tidal rivers are losing land. The issue? Climate-related sea level rise. The impact? U.S. coastlines will see tides rise by about a foot between now and 2050, according to the National Oceanic and Atmospheric Administration. That’s a century’s worth of…
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Real Estate Legal Descriptions for Deeds
What’s the real estate legal description that goes on a deed? A real estate legal description for a deed is not made up of the glowing words in a real estate marketer’s flyer — as grand as that would be! It is not simply a street address, or a tax description copied from the home…
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How Real Estate Legal Descriptions and Surveys Work Together
Real estate transactions involving home sales, deeds, mortgage loans, or deeds of trust all rely on a binding legal description. Mortgage companies, for example, need to be sure that the property is well described—and worth the money they lend to a buyer. A properly written legal description sets forth the county and state of the property. It allows a surveyor to identify precise dimensions and…
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An Error in the Legal Description of the Deed: What Happens Now?
What can the buyer do when a real estate deed carries an incorrect legal description of the property? Perhaps it describes the wrong parcel, or fails to reflect all land purchased in the sale. An error in a legal description of a property has consequences. It can affect taxes. As lenders extend loans based on a percentage of the property’s…
