the mortgaged property must be described unambiguously.
three methods of property description generally are considered acceptable for this for this purpose. these are description by metes and bounds, by government rectangular survey, or by recorded subdivision plat lot and block number. Tax parcel number or street address are insufficient if used alone, since they can be erroneous or ambiguous.
Wednesday, July 15, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment