Contracts
In Montana, when a seller provides seller financing through a promissory note and deed of trust, the seller retains which security interest?
AA leasehold interest in the property
BA lien on the property through the deed of trust, allowing non-judicial foreclosure on default✓ Correct
CJoint ownership of the property until the note is paid
DA personal guarantee only with no real property security
Explanation
In a seller-financed transaction using a deed of trust, the seller (as beneficiary) holds a lien on the property as security for the promissory note. If the buyer defaults, the trustee can conduct a non-judicial trustee's sale in Montana after following the required notice procedures.
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