Contracts
In Montana, a property sold at a tax deed sale means that:
AThe buyer receives a general warranty deed from the county
BThe property was sold by the government for unpaid property taxes, with the buyer receiving a tax deed that may have title challenges✓ Correct
CThe sale price cannot exceed the taxes owed
DThe buyer assumes all existing mortgages on the property
Explanation
A Montana tax deed sale conveys the county's interest in property sold for unpaid property taxes. The buyer receives a tax deed but may face challenges from prior owners who had rights to redeem the property. Title insurance for tax deed properties may be difficult to obtain without a quiet title action.
Related Montana Contracts Questions
- Under Montana law, a real estate purchase contract may be rescinded for 'mutual mistake' when:
- A unilateral contract in real estate is typically illustrated by:
- A Montana seller accepts a full-price offer but the transaction later fails because the buyer's lender requires repairs the seller refuses to make. If the contract has a financing contingency, the buyer:
- In Montana, which type of listing agreement offers the seller the most flexibility, allowing multiple brokers to attempt to sell the property with a commission only to the one who produces a buyer?
- A contingency in a purchase contract allows a buyer to:
- A Montana purchase agreement allows the buyer to conduct a 'due diligence' period. During this time, the buyer typically may:
- Under Montana law, 'anticipatory repudiation' of a real estate contract occurs when:
- In Montana, a contract is 'discharged by performance' when:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →