Escrow & Title
When a property sells at a foreclosure sale in Montana, the successful bidder typically receives a:
AGeneral warranty deed with full title warranties
BSheriff's deed or trustee's deed with limited or no warranties✓ Correct
CQuitclaim deed from the original owner
DTitle insurance policy automatically included
Explanation
Foreclosure sales convey title through a sheriff's deed (judicial foreclosure) or trustee's deed (non-judicial), which provide limited or no warranties. Title insurance companies may require additional due diligence.
Related Montana Escrow & Title Questions
- ALTA title insurance policies differ from standard coverage policies because ALTA policies:
- In Montana, a 'certificate of title' differs from title insurance in that it:
- In Montana, 'special warranty deed' (also called a limited warranty deed) differs from a general warranty deed in that the grantor warrants title only against:
- In Montana, a buyer's 'due diligence period' after contract acceptance is important because it provides time to:
- In Montana, when a closing is conducted by mail or remotely (as is common in rural areas), the escrow agent ensures:
- In Montana, a deed must be recorded in the county where the property is located to:
- In Montana, 'title by adverse possession' differs from title obtained by deed in that the adverse possessor:
- 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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