Escrow & Title
In Montana, a 'title search going back to original patent' means the search:
ALooks back only 30 years for practical purposes
BTraces the chain of title from the original federal or state land grant to the current owner✓ Correct
COnly reviews title from the date of the current seller's purchase
DReviews title for the past 50 years only
Explanation
A complete Montana title search traces ownership from the original government (federal or state) patent granting the land into private ownership through the complete chain to the current owner, identifying any defects in the chain.
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Key Terms to Know
Chain of Title
The sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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