11.07.07
Misspelled name
Hi there…just a quick question about our current property deed. We purchased a residential property in 2001 - my husband’s first name was misspelled as Jeffery, not Jeffrey which is shown on his drivers license. No one caught this error and the mortgage closed with no issues. Fast forward to now and we are currently in the process of refinancing our mortgage. Our lender noticed the problem yesterday and we sent another copy of my husband’s drivers license but have not heard back from our mortgage rep after a couple of phone calls/emails. Do you know if this is a potentially deal-breaking issue? If not, could it cause a delay in the mortgage closing date? Any advice you would have would be really appreciated. Thanks in advance
Jeanne said,
November 7, 2007 at 1:27 pm
Hi JT, Generally this should not be a problem. Presuming the property is Abstract (More than 80% are) your husband can just sign the new refinance mortgage as Jeffrey X, also known as Jeffery X. It is a common problem, and while it might be a problem in some states, Minnesota deals with it as being virtually the same name becasue of a principle known as “idem sonans,” which means it’s okay because they sound alike and the Minnesota Bar Association has a title standard that says it’s okay.