What happens ifyour mortgage documents have the wrong lotnumber recorded with the local county office?
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What happens ifyour mortgage documents have the wrong lotnumber recorded with the local county office?
If my homes lot number was recorded different with my local county recorders office than what is on the certified mortgage documents, is it possible I am not liable to pay my mortgage until it is corrected? Also how do I go about fixing it?
Asked on July 21, 2011 New York
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Under your loan agreement with your lending institution, you are obligated to pay the agreed upon monthly amount as stated in the note and trust deed regardless if the assessor parcel number of your home on the recorded mortgage is different than its assigned number by the county recorder's office.
Failure to make the agreed upon monthly payment will result in a notice of default and foreclosure proceedings on the house which is the security for the note.
You should contact the lending institution and advise it of the error in the tax assessor number on the recorded mortgage on your property. In all likelihood the legal description of your home on the mortgage coincides with the legal description on the deed.
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