Southwest Abstract and Title Co., Inc.

Services:

• Prepare Abstract of Record Title 

  • a compilation of the recorded  documents relating to a parcel of land, from which an attorney may give an opinion as to the condition of title

  • North Dakota law requires that when transferring title of real estate, Sellers must provide Buyers with an up-to-date abstract.

  • We are licensed to abstract in Bowman, Slope and Adams Counties.

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• Closing Services

  • in real estate sales, the final procedure in which documents are executed and/or recorded and the sale or loan is completed

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• Title Record Search

  • evidence of possession of land, and encumbrances attached to or binding said land

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• Mineral Report

  • ownership of minerals under the ground, with or without ownership of the surface of the land

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• Escrow Services

  • act as neutral third party to a transaction in which funds are exchanged; receive and disburse funds to facilitate a transaction on behalf of the transacting parties

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• Title Insurance (please forward all requests to our Bowman Office)

  • Protects against defects in title 

  • Request title insurance

  • Lender’s Title Insurance

    • Typically required when Lender is involved

    • Protects the Lender from unforeseen defects in Title (i.e. errors on deeds, mistakes in recording or forgery)

    • Protects Lender for full loan amount

  • Owner’s Title Insurance

    • Optional for Borrower​

    • Protects Borrower from unforeseen defects in Title (i.e. errors on deeds, mistakes in recording or forgery)

    • Protects Borrower for full purchase price