My question involves real estate located in the State of: Georgia
We purchased a home a few months ago. We received a tax bill for our home and the lot across the street (new construction). Apparently the deed was recorded showing us as owners of both properties. Upon further review, it is also the same on our sales contract in the legal description. It was not caught before closing or after. We reached out to the builder but he has not responded.
Since there is a mortgage attached to it, we were told we may have to refinance in order to correct the deed. Since it was not just a clerical error, how would we correct it. The other lot is vacant and it’s the only other lot this builder has in the subdivision. We do not want to have to pay a bunch of unnecessary fees or have an issue with our mortgage later on. Technically we own it but we are not trying to be dishonest.
Any advice?
We purchased a home a few months ago. We received a tax bill for our home and the lot across the street (new construction). Apparently the deed was recorded showing us as owners of both properties. Upon further review, it is also the same on our sales contract in the legal description. It was not caught before closing or after. We reached out to the builder but he has not responded.
Since there is a mortgage attached to it, we were told we may have to refinance in order to correct the deed. Since it was not just a clerical error, how would we correct it. The other lot is vacant and it’s the only other lot this builder has in the subdivision. We do not want to have to pay a bunch of unnecessary fees or have an issue with our mortgage later on. Technically we own it but we are not trying to be dishonest.
Any advice?
Legal Description Deed and Sales Contract
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