Correcting an Improperly Recorded Mortgage

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Question:

Our Loan Auditor found that one of our mortgages was recorded as homestead property and it is not homestead property, do we need to re-record the mortgage?

Answer:

The answer will depend on state law. I suggest you post the question in the applicable BOL State Forum or contact a local real estate attorney.

The BOL State Forums are found by scrolling down the BOL Threads page.

First published on BankersOnline.com 9/2/03