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Asked in CA May 18, 2022 ,  0 answers Visitors: 1
How do I correct the omission of a person's name on a grant deed without paying transfer taxes a second time? Myself and a few friends purchased a property as tenants in common. One person's name was left off the grant deed now recorded with the county. Those of us on the deed signed a correction deed with ALL names properly listed as the grantee. The escrow company prepared and notarized this correction deed, but at the same time, cautioned that the county may not accept a correction deed that adds a name. I guess there is no harm in trying, but is there a better approach? To demonstrate "original intent," I have the purchase contract with all buyer and seller signatures.
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2 Answers

Anonymous
Reply

Posted on / Mar. 11, 2016 08:27:00

You may have a problem there. At most you would only have to pay the tax on the fractional share transferred to the omitted owner, but I'm sure you still want to avoid that. All you really can do is submit the preliminary change of ownership form with the "to correct name" box checked and attach an explanation. Also be sure to note on the deed that it is for zero $ consideration.

The other thing that comes to mind, though, is why did the error occur in the first place? If it was an escrow company error in preparing the original deed, they should fight this fight for you and pay any tax.

Anonymous
Reply

Posted on / Mar. 11, 2016 08:27:00

You may have a problem there. At most you would only have to pay the tax on the fractional share transferred to the omitted owner, but I'm sure you still want to avoid that. All you really can do is submit the preliminary change of ownership form with the "to correct name" box checked and attach an explanation. Also be sure to note on the deed that it is for zero $ consideration.

The other thing that comes to mind, though, is why did the error occur in the first place? If it was an escrow company error in preparing the original deed, they should fight this fight for you and pay any tax.

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