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Correction Deed Form - Franklin County
Fill in the blank form formatted to comply with all recording and content requirements.
Included document last updated 7/22/2020
Correction Deed Guide - Franklin County
Line by line guide explaining every blank on the form.
Included document last updated 7/22/2020
Completed Example of the Correction Deed Document - Franklin County
Example of a properly completed form for reference.
Included document last updated 8/3/2020
*The Following Maine and Franklin County supplemental forms are included as a courtesy with your order.
Real Estate Transfer Tax
The Transfer Tax Form (Declaration of Value) must be filed at the County Register of Deeds at the same time as the recording of the accompanying deed. A transfer tax will be collected by the Registry based on the amount of value. The tax is calculated at $2.20 per $500 of fractional value and is imposed half on the grantee and half on the grantor. This form comes with a separate instruction sheet. The supplemental sheet provides room for additional grantors or grantees as well as municipalities.
Transfer Tax Exemptions
This list provides transfer tax exemptions for the State of Maine.
Transfer of Controlling Interest
This form must be used for reporting transfer or acquisition of a controlling interest in an entity with a fee interest in real property.
Homestead Exemption
The homestead exemption provides a reduction of up to $20,000 in the value of your home for property tax purposes. If you are a permanent resident of Maine you may qualify to reduce your property taxes.
Notary Certificates
The supplemental forms in this section can be used as loose certificates by notaries in the state.
Including:
Use the corrective deed to correct an error in a previously recorded deed of conveyance in Maine.
Correcting an error in a recorded deed helps prevent problems that might arise when the current owner attempts to sell the property. The best method for correction is prepare and record a new document, a so-called corrective deed. This document does not convey title; instead, it confirms the prior conveyance of the property.
Apart from supplying the correct information, the new deed must state the reason for correcting and reference the prior deed by title, date, and recording number. It must be signed by the original grantor, confirming the earlier conveyance to the original grantee. When correcting the legal description, both the grantor and the grantee should sign the corrective deed to avoid any doubt regarding the conveyed property.
For certain types of changes, however, a correction deed may not be appropriate. Adding or removing a grantee, for example, or changing the manner in which title is held, or making material changes to the legal description, especially deleting a portion of the originally transferred property, may all require a new deed of conveyance instead of a corrective deed. When in doubt about how to correct an error, consult with a lawyer.
Get your Franklin County Correction Deed form done right the first time with Deeds.com Uniform Conveyancing Blanks. At Deeds.com, we understand that your time and money are valuable resources, and we don't want you to face a penalty fee or rejection imposed by a county recorder for submitting nonstandard documents. We constantly review and update our forms to meet rapidly changing state and county recording requirements for roughly 3,500 counties.
The documents you receive here will meet, or exceed, the Franklin County recording requirements for formatting. If there's an issue caused by our formatting, we'll make it right and refund your payment.
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