Montana Quitclaim Deed from Two Persons to One Person

Do you own your home? Protect it against attachment, levy or sale by your creditors or a bankruptcy trustee by filing this Declaration of Homestead for the State of Montana.

• State bankruptcy laws allow you to exempt up to $250,000 of the net equity in your primary residence by homesteading it.
• Equity is calculated by subtracting the balance owing on your mortgage from the appraised value. If your home equity is $250,000 or less, the bankruptcy trustee cannot sell your home.
• You will still have to repay the mortgage and the bank can still foreclose if you don't make the payments.
• The form must be completed, signed, notarized and filed with the County Recorder in the county in which the property is located.

Your home is too important to take chances with - protect it today with a Declaration of Homestead.

This Montana Deed of Trust form conveys a real estate property from a seller to a trustee instead of a purchaser, under the Small Tract Financing Act.

• A Deed of Trust is often used instead of a mortgage in the sale and purchase of real property other than agricultural farm land.
• Title to the property is conveyed by the seller to a trustee instead of to the purchaser. The title is then held as security to ensure the purchaser's performance of its obligations (including payment of the purchase price, maintenance and upkeep of the property, payment of taxes, etc).
• If the purchaser defaults in payment, the balance becomes due and payable and the trustee may sell the property.
• The Deed of Trust contains uniform covenants regarding payments, funds for taxes and insurance, prior mortgages, hazard insurance, occupancy as principal residence, care and maintenance of the property, protection of the lender's security, and other standard clauses.
• The property must not exceed 40 acres in area.
• The form includes a Waiver of Homestead Exemption Rights in accordance with State law.
• Available in MS Word format.
• Intended to be used only in the State of Montana.

Transfer ownership of a real estate property in the State of Montana with this Special Warranty Deed form.

• Under a Special Warranty Deed, the seller (grantor) warrants or guarantees the title only against defects arising during his/her ownership of the property, but not against any title defects that existed prior to that time.
• This form is available as a downloadable MS Word document and is easy to fill in with the details of your transaction.
• Intended to be used only in the State of Montana.