Escrow & Title
In Montana, the 'closing' or 'settlement' of a real estate transaction involves:
AOnly the buyer and their lender meeting to sign documents
BThe completion of all contractual requirements, transfer of funds, signing of documents, and transfer of title from seller to buyer✓ Correct
COnly the recording of the deed with the county clerk
DThe home inspection final walkthrough
Explanation
Closing encompasses all final steps of the transaction: parties sign documents (deed, mortgage, settlement statement), funds are transferred, and title is conveyed from seller to buyer. The deed is then recorded to complete the transfer.
Related Montana Escrow & Title Questions
- A general warranty deed provides the greatest protection to the buyer because it:
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- In Montana, 'title insurance' is different from a title search in that it:
- In Montana, a 'closing disclosure' reflects the final, actual costs of a transaction. If the actual costs vary significantly from the Loan Estimate provided at application, the lender may need to:
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- In Montana, a 'certificate of title' differs from title insurance in that it:
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