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Montana State Profile

Montana's economy remained strong and added jobs faster than the nation. Year-over-year job growth in Montana remained stable at 2.3 percent in fourth quarter 2005, ranking Montana 14. th. among the states and ahead of the national pace....


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Finding Opportunity in the Montana Real Estate Market: Pre-Foreclosures

For the real estate investor, the notice of default (NOD) or "pre-foreclosure" stage typifies an investment opportunity. A pre-foreclosure takes place from the period the bank gives notice of default (NOD) to the time the house is sold at a foreclosure auction.

Depending upon state law governance real estate, the time period usually is 90 days into mortgage loan default. Within this default notice time window, the investor can take action. The main key to pre-foreclosure investing is equity - the remainder between what a house will sell for and what is owed on the house.

Pre-foreclosures furnish an chance to purchase a house for less than fair market value (FMV), making prompt equity...


Your Montana Pre-foreclosure Resource site.


Finding Quality Pre-foreclosure Listings

Finding pre-foreclosure properties can be done by visiting the local recorder's office and making photocopies, since listings are added on a daily basis, this can be daunting. Using the internet, a number of web sites allow searches by state, county, city, and zipcode. Although both will provide you with information on available house, the difference between the two is of significant importance. As a real estate investor, you can find pre-foreclosure list for free or at a price.

Trial? Updated? Rating Link
7 days Daily/Weekly ***** RealtyStore.com
1 Week Weekly **** Bargin.com
1 Week Weekly **** RealtyTrac.com
7 days Weekly *** Foreclosurenet.net
3 days Monthly *** Foreclosure.com

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Montana Foreclosure Law

  • Judicial Foreclosure Available: Yes
  • Non-Judicial Foreclosure Available: Yes
  • Primary Security Instruments: Deed of Trust, Mortgage
  • Timeline: Typically 150 days
  • Right of Redemption: No
  • Deficiency Judgments Allowed: Varies




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