Title Products

Owner’s Policies

  • Standard Coverage
  • Extended Coverage
  • Enhanced Homeowner’s Coverage

Title insurance from American Title & Escrow will provide you with peace of mind. It takes most of the risk out of buying real property when you don’t know the complete legal history. Over the years, your “new” property may have changed hands many times through sale, inheritance, foreclosure, or bankruptcy. Each transfer is an opportunity for an error in title to occur. If an error did occur, and has never come to light, it puts your title at risk. You could lose your property and the money you have invested in it. Even if you successfully defend your rights of ownership, the cost in time and legal fees could be more than the value of the property.

Among the many risks against which title insurance protects you are:

  • Confusion from similarity of names
  • Forged documents
  • Signatures of minors or mentally incompetent persons
  • Mistakes in recording legal documents
  • Undisclosed or missing heirs
  • Fraud
  • Invalid divorces
  • Misrepresentation or marital status
  • Unpaid taxes
  • Clerical errors in public records
  • Wills not probated

A low, one time premium is all you pay to obtain the protections and peace of mind of an American Title & Escrow policy. There is never an additional cost for as long as ownership remains in your name or that of your heirs. The policy is issued in an amount equal to the purchase price you pay. As always, the greater the coverage given, the higher the premium will be.

Note: The above is a summary of the benefits available under an American Title & Escrow policy. Please refer to the policy itself to determine the exact benefits and the exclusions from coverage.

Lender’s Policies

  • Standard Coverage
  • Extended Coverage
  • Limited Coverage Junior Loan

At American Title & Escrow we can cover lenders as well as home owners. The lender’s or mortgagee policy, protects the lender for the amount of their loan. If the mortgage company loans you $80,000 on your house, then their policy will be for that amount only, $80,000. This type of policy is called the ALTA policy and is a standard policy approved by the American Land Title Association. It is issued to banks and other institutional lenders. In addition to covering the lender for the losses included in the owner’s policy, the lender’s policy includes coverage for any losses that the lender would incur if another creditor were first in line. If, for example, you were to take out a second mortgage and had managed to keep this second loan hidden while refinancing your first mortgage, the second mortgage would take first place in the event of a foreclosure action. The lender’s title insurance policy would cover the mortgagee of the first loan if this were to occur.

Guarantee Products

  • Lot Book Guarantee
  • Litigation Guarantee
  • Trustee’s Sale Guarantee
  • Recorded Document Guarantee
  • Subdivision Guarantee
  • Mineral Guarantee
  • Property Search Guarantee
  • Judgment and Tax Lien Guarantee
OUR LOCATIONS

Billings West and Billings Downtown Offices

American Title & Escrow 1001 South 24 Street West, Suite 200 Billings, MT 59102 406-248-7877

Billings Westend and Billings Downtown

American Title & Escrow 3302 4th Ave. North, Suite 100 Billings, MT 59101 406-294-7877

Forsyth Office

American Title & Escrow of Rosebud and Treasure Counties 175 North 11th Avenue Forsyth, MT 59327 406-356-2011

Hardin Office

American Title & Escrow of Big Horn County 207 Center Avenue Hardin, MT 59034 406-665-3797

Livingston Office

American Title & Escrow of Park County 206 East Callender Livingston, MT 59047 406-222-0362

Red Lodge Office

American Title & Escrow of Carbon County 106 West 12th Street Red Lodge, MT 59068 406-446-2603

Roundup Office

American Title & Escrow of Musselshell County 226 Main Street Roundup, MT 59072 406-323-3165

Billings West (Main office)

1001 South 24 Street West
Suite 200
Billings, MT 59102
406-248-7877
406-248-7875 Fax