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The thing that makes Montana different than any other state is that it has both mortgages and something called a ?trust indenture.? The ?Small Tract Financing Act of Montana? allows for a trust indenture on tracts of land that are no more 40 acres and, if your mortgage is less than $500,000, you may not need to have an ...
No warrant to search any place, or seize any person or thing shall issue without describing the place to be searched or the person or thing to be seized, or without probable cause, supported by oath or affirmation reduced to writing.
A Montana durable statutory power of attorney form allows a person to appoint someone else to handle their financial-related affairs on their behalf. The designation only occurs while the person granting power, the ?principal?, is alive and continues even if they should become incapacitated.
Usually by the third missed payment the lender will enter a notice of default. Also, the lender will charge you for costs to prepare the legal papers. So now you have legal fees, late fees, and your late payments to pay. Next, the mortgage lender will publish a notice of foreclosure, called a Notice of Trustee's Sale.
Montana law requires that a testator have ?testamentary capacity.? This means that the testator must have been at least 18 years old and must have been ?of sound mind? at the time that they made the will. In other words, the testator must not have been suffering from a mental incapacity.
The state of Montana allows 150 days before your home can be fully foreclosed on, but that means that you will be notified by the bank after one missed payment. You must make recompense with the bank or they will take your home, claim it and eventually sell it.
While most states have either mortgages or deeds of trust, there are a few states that allow you to choose which is better for you. These states include Alabama, Arizona, Arkansas, Illinois, Kentucky, Maryland, Michigan, and Montana.
A few potential ways to stop a foreclosure and keep your home include reinstating the loan, redeeming the property before the sale, or filing for bankruptcy. Working out a loss mitigation option, like a loan modification, will also stop a foreclosure.