Escrow & Title
In Montana, an 'abstract of title' is a compiled summary of:
AThe property's recent appraisal history
BAll recorded instruments and proceedings affecting the title to a property in chronological order✓ Correct
CThe property's tax assessment history only
DAll mortgage applications submitted for the property
Explanation
An abstract of title is a compiled chronological summary of all recorded instruments, proceedings, and legal events affecting title to a specific property. An attorney reviews the abstract to render a title opinion.
Related Montana Escrow & Title Questions
- When a Montana seller has an existing mortgage, who is responsible for paying it off at closing?
- In Montana, which party typically pays for the owner's title insurance policy?
- A 'deed in lieu of foreclosure' in Montana means that:
- A general warranty deed provides the greatest protection to the buyer because it:
- In Montana, 'title by adverse possession' differs from title obtained by deed in that the adverse possessor:
- A deed of trust differs from a mortgage because with a deed of trust:
- A Closing Disclosure (CD) must be provided to the buyer no later than how many business days before closing?
- In Montana, real estate closing typically involves:
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