Escrow & Title
A mechanic's lien in Montana is filed by:
AThe county assessor for unpaid taxes
BContractors or material suppliers who have not been paid for work or materials✓ Correct
CThe lender when a borrower defaults
DThe title company to protect against unknown claims
Explanation
A mechanic's lien (also called a construction lien) may be filed by contractors, subcontractors, or material suppliers who have performed work or supplied materials to a property and have not been paid.
Related Montana Escrow & Title Questions
- A deed of trust differs from a mortgage because with a deed of trust:
- In Montana, a deed must be recorded in the county where the property is located to:
- When a buyer purchases a property and receives a title insurance policy, the one-time premium covers:
- A preliminary title report (or title commitment) is issued to:
- In Montana, a 'satisfaction of mortgage' (deed of reconveyance for a trust deed) should be recorded within how many days after the loan is paid off?
- The proration of property taxes at closing is based on:
- When a property sells at a foreclosure sale in Montana, the successful bidder typically receives a:
- A title search in Montana is conducted to:
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