Delete Pages From Legal Montana Commercial Property Sale Forms For Free

A title search tells you the name of the legal owner of a property and if there are any outstanding claims or liens against the property. Liens may be filed by lenders and other financial institutions, contractors, tax collectors, and any other entity that has a financial and legal claim against the property.

A Montana deed is a legal document used to transfer land and real estate in the State of Montana. The deeds must have the name and address of the grantor and grantee as well as the legal description of the property being transferred. In addition, a notary must sign an acknowledgment that the deed was properly signed.

A purchase agreement letter between seller and buyer is created when two parties come together, where one party desires to purchase a piece of property and the other party is looking to sell a piece of personal property. The agreement is a legal document that outlines the conditions and terms of the sale.

In short, the seller enters into a contract with the purchaser where the purchaser will make payments to the seller at set intervals, and possibly with interest. The purchaser, however, does not take title to the property until the contract is fully paid (and thus will not have equity in the property until that time).

Whenever property is sold or gifted, a deed must be executed by the person or entity transferring ownership, the ?grantor,? and recorded with the Clerk and Recorder in the county where the property is located. The grantor will also need to file a Realty Transfer Certificate and pay the recording fee ($8 per page).

Generally speaking, a trust indenture is a lien against the property with the buyer being the legal owner. In a contract for deed, a contact is executed between a seller and a buyer whereby a seller agrees to transfer title to the property once the amount set forth in the contract has been paid in full.