ServicesWorking hard for you is our source of pride.

To order any of the following services, visit our Applications page. Requests can also be faxed to 218-847-0029 or sent via email to cac@cactitle.com.

Abstract Services

  • New Abstract
  • Stub Abstract
  • Registered Property Abstract
  • Amend Abstract
  • Continuation/Update Abstract
  • Recording Documents
  • Document Retrieval
  • Owner's & Encumberance Report
  • Memorandum of Title
  • Property Report
  • Name Search
  • Preclosing Public Records Search

Title Services

  • Commercial & Residential Settlement Services
  • 1031 Tax Deferred Exchange Services
  • Witness Closings
  • Property Inspections
  • Contract for Deed Closings
  • Escrow Services
  • Title Insurance
  • Construction Disbursing & Inspection Services

In addition to offering closings in our Detroit Lakes office, we will also travel to provide closing services in our client's location.

Definition of services

Title Insurance:

Title Insurance is an insurance policy that protects your legal rights to own, possess, use, control, and dispose of land. It is your policy against loss in the event of a hidden title defect (defective deeds, fraud, forgery, clerical errors, etc.). We issue both Mortgagee and Owners Title Insurance commitments & policies.

Note: We give re-issue credits for property that has been previously insured with Title Insurance even if we were not a part of the original closing.

Closing Services:

A closing is a meeting among all parties in a real estate transaction. All legal papers are signed and financial arrangements are made final and binding at closing. A closing is also known as a “settlement”.

Escrow Services:

Escrowed funds are set aside in a trust account to provide the assurance that title correction and/or other conditions of the transaction will be completed in the event they cannot be finalized by the closing date.

1031 Tax Deferred Exchange Services:

A 1031 exchange allows you to defer the payment of capital gains taxes associated with real estate transactions. When entering into a Section 1031 tax-deferred exchange, the IRS requires that the proceeds from the sale of your old (Relinquished) property be held by a Qualified Intermediary (QI) until you buy your new (Replacement) property. In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future date. As a Qualified Intermediary, it is our job to make sure your 1031 exchange complies with current law so that the potential capital gains tax is deferred and that your funds remain safe until utilized.