11420NorthCenturyLane Scottsdale,AZ85254
Client Date Client Date ONLINE RESOURCES: There are many online sources
WIRE FRAUD ADVISORY
• It is imperative that this call be made to a number obtained in person from the individual or through other reliable means, not from a number provided in the email or the wiring instructions
TRUST YOUR SOURCE OF INFORMATION
Before you wire funds to any party (including your lawyer, title agent, mortgage broker, or real estate agent) personally meet them or call a verified telephone number (not the telephone number in the email) to confirm before you act!
Immediately notify your banking institution and Settlement/Title Company if you are a victim of wire fraud. The undersigned acknowledges receipt of this Wire Fraud Advisory. that can provide useful information regarding similar including, but not limited
to, the following sites: The Federal Bureau of Investigation @ https://www.fbi.gov/scams and safety The Internet Crime Complaint Center @ www.ic3.gov The National White Collar Crime Center @ http://www.nw3c.org/research On Guard Online @ www.onguardonline.gov
DO NOT TRUST EMAILS CONTAINING WIRE INSTRUCTIONS
topics
PROTECT
DO NOT TRUST EMAILS SEEKING PERSONAL/FINANCIAL INFORMATION
Criminals are targeting social media and email to steal information. This is particularly common in real estate transactions because sensitive data, including social security numbers, bank account numbers, and wire instructions are often sent by electronic means. We do not want you to be the next victim of wire fraud. Money wired to a fraudulent account is stolen money that typically cannot be recovered. Additionally, there is generally no insurance for this loss. You may never get the money back.
YOURSELF VERIFY AND NOTIFY
• Never direct, accept or allow anyone in the transaction to consent to receiving transfer instructions without a direct personal telephone call to the individual allegedly providing the instructions.
• If you receive an email requesting personal/financial information or asking you to download, click on a link, send, and/or do anything that may seem unusual to you, call your escrow officer immediately prior to acting on the suspicious email to verify the validity of the email.
• If you receive an email containing wire transfer instructions, immediately call your escrow officer to ensure the validity of the instructions.
IMPORTANT -- PLEASE READ CAREFULLY: This report is not an insured product or service or a representation of the condition of title to real property. It is not an abst ract, legal opinion, opinion of title, title insurance commitment or preliminary report, or any form of Title Insurance or Guaranty. This report is issued exclusively for the benefit of the Applicant therefor and may not be used or relied upon by any other person. This report may not be reproduced in any manner without First American or Title Security's prior written consent. First American or Title Security does not represent or warrant that the information herein is complete or free from error, and the information herein is provided without any warranties of any kind, as-is, and with all faults. As a material part of the consideration given in exchange for the issuance of this report, recipient agrees that First American or Title Security's sole liability for any loss or damage caused by an error or omission due to inaccurate information or negligence in preparing this report shall be limited to the fee charged for the report. Recipient accepts this report with this limitation and agrees that First American or Title Security would not have issued this report but for the limitation of liability described above. First American or Title Security makes no representation or warranty as to the legality or propriety of recipient's use of the information herein.
LIMITATION OF LIABILITY FOR INFORMATIONAL REPORTS
Subject Property 11420 N Century Ln APN:AZScottsdale85254167-79-188 Data Provided By: First American Title Ins Co © 2022 CoreLogic. All rights reserved
The information contained in the REiSource report is delivered from your Title Company, who reminds you that you have the right as a consumer to compare fees and serviced levels for Title, Escrow, and all other services associated with property ownership, and to select providers accordingly. Your home is the largest investment you will make in your lifetime and you should demand the very best.
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Provided By: First American Title Ins Co
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Data
© 2022 CoreLogic. All rights reserved
Disclaimer
Subject Property : 11420 N Century Ln Scottsdale AZ 85254 Owner Information Owner Name : Andrews Timothy L / Andrews Eileen V Mailing Address : 11420 N Century Ln, Scottsdale AZ 85254-4827 C070 Owner OccupiedIndicator : O Location Information Legal Description : Lot 22 Century Place County : Maricopa, Az Subdivision : Century Place Census Tract / Block : 1032.09 / 3 Map Reference : 14827 Township-Range- Sect : 03N-04E-21 School District : Scottsdale 48 Legal Lot : 22 Munic/Township : Phoenix APN : 167-79-188 Neighbor Code : 05-003 Last Market Sale Information Recording/Sale Date : 05/03/2016 / 04/26/2016 Deed Type : Warranty Deed Sale Price : $362,000 Price Per SqFt : $219.93 Document # : 299131 Title Company : Security Title Agency Seller Name : Morse James R Prior Sale Information Prior Rec/Sale Date : 05/21/2014 / 04/22/2014 Prior Doc Number : 328541 Prior Sale Price : $252,500 Prior Deed Type : Warranty Deed Property Characteristics Gross Area : 1,646 Capacity :Garage 2 Patio Type : Covered Patio Living Area : 1,646 Roof Material : Built-up Air Cond : Refrigeration Total Rooms : 4 Heat Type : Forced Air Quality : Average Year Built / Eff : 1974 Cooling Type : Forced Air Condition : Average # of Stories : 1 Exterior wall : Frame/stucco Bath Fixtures : 8 Parking Type : Garage Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Assessed Year : 2021 Market Value :
Property Information
Total TaxableValue : $24,920 Tax Rate
Land 0.09 State Use : Twnhse Default % : 80% Current AssessedYear : 2023 Year : 2021 Current YearValue :Total $44,550 $2,022.38 Current ImprovementYearValue : $35,640 Area : 481300 Current YearValue :Land $8,910 $323,800
Code ( 3 ) Zoning : R-3 Lot Size : 4,138 Tax Information Total Value : $323,800 Improve
Use : rowhouseTownhouse/ Lot Acres :
Land Value : $64,700 Tax
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
ImprovementValue : $259,100 Property Tax :
Sales Analysis Criteria Subject Property Low High Average Sale Price $362,000 $601,816 $625,000 $616,454 Bldg/Living Area 1646 1760 1883 1834 Price Per Square Foot $219.93 $327 $344 $336.25 Year Built 1974 1974 1987 1983 Lot Size 4,138 3,862 4,844 4,519 BathroomsBedrooms 3 3 3 3 Stories 1 1 1 1 Total Assessed Value $323,800 $305,200 $344,000 $318,475 Distance From Subject 0 0.05 0.52 0.38 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Map Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Document #: 91423 Bedrooms: Pool: Total Tax Value: $312,000 Bath(F/H): / #4 5501 E Desert Hills Dr Scottsdale Az 85254
Document #: 299131 Bedrooms: Pool:
Subdivision / Tract: Century Place / Lot Size: 4,138 Year Built / Eff: 1974 / Rec. Date / Price: 05/03/2016 / $362,000 Living Area: 1,646 # of units:
Subdivision / Tract: Orangetree Villas / Lot Size: 4,607 Year Built / Eff: 1985 / Rec. Date / Price: 01/31/2022 / $615,000 Living Area: 1,883 # of units:
Total Tax Value: $344,000 Bath(F/H): / #2 5506 E Paradise Dr Scottsdale Az 85254
Total Tax Value: $323,800 Bath(F/H): / #1 11450 N Century Ln Scottsdale Az 85254
Details of Comparables
Subdivision / Tract: Orangetree Villas / Lot Size: 4,764 Year Built / Eff: 1987 / Rec. Date / Price: 06/22/2022 / $625,000 Living Area: 1,882 # of units:
Customer Name : Lisa Mrazek
Subject Property: 11420 N Century Ln Scottsdale Az 85254
Owner Name: Jafari Gina /Jafari Reza APN / Alternate APN: 167-40-099 / Deed Type: Warranty Deed Land Use: Townhouse/rowhouse
Subdivision / Tract: Century Place / Lot Size: 3,862 Year Built / Eff: 1974 / Rec. Date / Price: 06/17/2022 / $624,000 Living Area: 1,812 # of units:
Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Owner Name: Andrews Timothy L /Andrews Eileen V APN / Alternate APN: 167-79-188 / Deed Type: Warranty Deed Land Use: Townhouse/rowhouse
Owner Name: Clague Brian H & Linda / APN / Alternate APN: 167-40-090 / Deed Type: Warranty Deed Land Use: Townhouse/rowhouse
Document #: 509440 Bedrooms: Pool:
Subdivision / Tract: Orangetree Villas / Lot Size: 4,844 Year Built / Eff: 1987 / Rec. Date / Price: 09/03/2021 / $601,816 Living Area: 1,760 # of units:
Document #: 959554 Bedrooms: Pool: Total Tax Value: $305,200 Bath(F/H): / #3 5534 E Shaw Butte Dr Scottsdale Az 85254
Document #: 518176 Bedrooms: Pool: Total Tax Value: $312,700 Bath(F/H): /
Owner Name: Pressman Howard J /Pressman Linda J APN / Alternate APN: 167-79-193 / Deed Type: Warranty Deed Land Use: Townhouse/rowhouse
Owner Name: Hernandez Esperanza F /Hernandez Maria I APN / Alternate APN: 167-40-109 / Deed Type: Warranty Deed Land Use: Townhouse/rowhouse
Subject Property : 11420 N Century Ln Scottsdale AZ 85254 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
SchoolsArizona For detailed information and statistics on Arizona schools please go ©2021FirstFirsthttps://azreportcards.azed.gov/toAmericanTitleInsuranceCompany,andtheoperatingdivisionsthereof,makenoexpressorimpliedwarrantyrespectingtheinformationpresentedandassumenoresponsibilityforerrorsoromissions.American,theeaglelogo,FirstAmericanTitle,andfirstam.comareregisteredtrademarksortrademarksofFirstAmericanFinancialCorporationand/oritsaffiliates.FirstAmericanFinancialCorporationand/oritsaffiliates.Allrightsreserved.NYSE:FAF05117910421
Lowest Grade : K Highest Grade : 8th
Lowest Grade : Pre-K Highest Grade : 5th
© 2022 CoreLogic. All rights reserved
Public Schools : Elementary Schools
Telephone : (480) 484-3200
Kindergarten : Yes School Enrollment : Enrollment : 144 Total Expenditure/Student : Sequoya Elementary School Distance 0.94 Miles 11808 N 64th St Scottsdale AZ 85254
School District : Paradise Valley Unified District (4241)
Lowest Grade : Pre-K Highest Grade : 6th Kindergarten : Yes School Enrollment : Enrollment : 500 Total Expenditure/Student : 228
Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022
Desert Shadows Elementary School Distance 1.18 Miles 5902 E Sweetwater Ave Scottsdale AZ 85254
School District : Scottsdale Country Day School (91110)
School District : Scottsdale Unified District (4240)
Kindergarten : Yes School Enrollment : Enrollment : 487 Total Expenditure/Student : 115
Customer Name : Lisa Mrazek
Telephone : (602) 449-6900
Scottsdale Country Day School Distance 0.55 Miles 10460 N 56th St Scottsdale AZ 85253
Telephone : (480) 452-5777
Cherokee Elementary School Distance 1.65 Miles 8801 N 56th St Paradise Valley AZ 85253
Desert Shadows Middle School Distance 1.17 Miles
School District : Scottsdale Unified District (4240)
Kindergarten : Yes School Enrollment : Enrollment : 696 Total Expenditure/Student : 115
Kindergarten : No School Enrollment : Enrollment : 903 Total Expenditure/Student : 115
School District : Scottsdale Unified District (4240)
Lowest Grade : Pre-K Highest Grade : 5th
Telephone : (602) 449-6800
School District : The Farm At Mission Montessori Academy (91340)
Lowest Grade : 4th Highest Grade : 8th
Kindergarten : No School Enrollment : Enrollment : 912 Total Expenditure/Student : 228
Telephone : (480) 484-8700
Lowest Grade : 6th Highest Grade : 8th
Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
The Farm At Mission Montessori Academy Distance 1.53 Miles
Middle Schools
School District : Paradise Valley Unified District (4241)
5858 E Sweetwater Ave Scottsdale AZ 85254
Telephone : (602) 466-1153
Lowest Grade : 6th Highest Grade : 8th
Telephone : (480) 484-4400
Kindergarten : No School Enrollment : Enrollment : 37 Total Expenditure/Student :
Customer Name : Lisa Mrazek
4530 E Gold Dust Ave Phoenix AZ 85028
Cocopah Middle School Distance 1.26 Miles 6615 E Cholla St Scottsdale AZ 85254
School District : East Valley Institute Of Technology (4516)
Telephone : (480) 484-6500
Lowest Grade : 7th Highest Grade : 8th Kindergarten : No School Enrollment : Enrollment : 474 Total Expenditure/Student : 228 High ChaparralSchoolsHigh School Distance 1.82 Miles
Sunrise Middle School Distance 2.18 Miles
School District : Accelerated Learning Center Inc. (4297)
Customer Name : Lisa Mrazek
Total Expenditure/Student : 115 Advanced Placement : No Evit - Chaparral High School Distance 1.82 Miles 6935 E Gold Dust Ave Scottsdale AZ 85253
Advanced Placement : No
Total Expenditure/Student : Advanced Placement : No Accelerated Learning Center Distance 1.95 Miles
Lowest Grade : 9th Highest Grade : 12th School Enrollment : Enrollment : 0
Telephone : (480) 484-6500
Lowest Grade : 9th Highest Grade : 12th School Enrollment : Enrollment : 168
Total Expenditure/Student :
4105 E Shea Blvd Phoenix AZ Telephone :85028
6935 E Gold Dust Ave Scottsdale AZ 85253
4960 E Acoma Dr Scottsdale AZ 85254
Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 2022 CoreLogic. rights
©
reserved
School District : Paradise Valley Unified District (4241)
Telephone : (602) 449-6100
Lowest Grade : 9th Highest Grade : 12th School Enrollment : Enrollment : 2292
(602) 485-0309
School District : Scottsdale Unified District (4240)
All
Sweetwater Community School Distance 2.08 Miles 4215 E Andora Dr Phoenix AZ Telephone :85032 (602) 449-2300 School District : Paradise Valley Unified District (4241) Lowest Grade : 6th Highest Grade : 12th School Enrollment : Enrollment : 186 Total Expenditure/Student : 228 Advanced Placement : No Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Scottsdale Golf Group, Inc. 10601 N 56th St Scottsdale Az (480) 348-5866 0.47
On My Way To Carols House Llc 11032 N 53rd St Scottsdale Az (480) 205-9986 0.47
Local
Lime Mortgage Llc 6015 E Laurel Ln Scottsdale Az (480) 334-2877 0.61
Goodnight Anesthesia, L.l.c. 11815 N 56th St Scottsdale Az (480) 621-8558 0.27
Flagstar Bank Home Lending 11209 N Tatum Blvd Phoenix Az (480) 540-4906 1.04
Charles Baker Associates 4839 E Laurel Ln Scottsdale Az (602) 992-9057 1.04
Resonance Art Llc 5467 E Oakhurst Way Scottsdale Az (480) 951-9595 0.18
Urban Pasta Llc 12421 N 57th Way Scottsdale Az (480) 634-6775 0.71
Alliance Orthopedics, L.l.c. 11223 N Saint Andrews Way Scottsdale Az (480) 718-9727 0.32
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Emf
Eating / Drinking Name Address Telephone Distance (Miles)
Kjc Entertainment, Llc 5437 E Oakhurst Way Scottsdale Az (602) 686-5200 0.21 Llc 10601 N 56th St Scottsdale Az (480) 948-6100 0.47
Is A Tennis Racquet Llc 5335 E Shea Blvd Apt 2024 Scottsdale Az (602) 432-2034 0.59
Jpmorgan Chase Bank, National Association 4924 E Shea Blvd Scottsdale Az (480) 607-6614 1.0
Care Services Name
Park Drive, Llc 5069 E Oakhurst Way Scottsdale Az (602) 996-7766 0.68
AttractionsBusiness/Recreation
Svc-hospitality,
Name Address Telephone Distance (Miles)
Banks / Financial Name Address Telephone Distance (Miles)
Health Address Telephone Distance (Miles) Essentials Inc. 11423 N Century Ln Scottsdale Az (602) 849-3099 0.02
Oakmont Assisted Living Llc 5545 E Yucca St Scottsdale Az (408) 406-6037 0.14
Sylvia K Estate Llc 5701 E Cactus Rd Scottsdale Az (214) 351-0988 0.52
Customer Company
Development,
Shopping Name Address Telephone Distance (Miles)
Cannia Fitness & Performance Llc 5107 E Columbine Dr Scottsdale Az (602) 374-3954 0.98
Butter Bakery Llc 5818 E Leith Ln Scottsdale Az (704) 574-3030 0.42
Madison And 58 Th 10230 N 58th Pl Paradise Valley Az (310) 486-1500 0.72
Live Jacked, Llc 9900 N 52nd St Paradise Valley Az (623) 238-2891 1.01
San Manuel Lodge Limited Partnership 5202 E Paradise Dr Scottsdale Az (480) 483-1415 0.66
Complete Fitness Solutions Llc 5413 E Shea Blvd Scottsdale Az (480) 455-0155 0.56
Tomey Nutrition Llc 5325 E Charter Oak Rd Scottsdale Az (602) 616-2492 0.75 Name Lisa Mrazek Name
The New Church Of Phoenix 5631 E Shea Blvd Scottsdale Az (480) 991-0048 0.49
: First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Cordes Junction Hotel And Lodging L.l.c. 5202 E Paradise Dr Scottsdale Az (480) 483-1415 0.66
Beth Israel Of Phoenix, Az 10460 N 56th St Scottsdale Az (480) 951-0323 0.56
Hospitality Name Address Telephone Distance (Miles) Interval Owners Association For Orange Tree Resort, Inc. 10601 N 56th St Scottsdale Az (480) 948-6100 0.47
Comfort Suites Lakewood 5020 E Shea Blvd Scottsdale Az (303) 988-8600 0.91 Address Telephone Distance (Miles)
Blessed Sacrament Roman Catholic Parish 11300 N 64th St Scottsdale Az (480) 998-9466 0.95
Congregation
Kb Personal Fitness, Llc 6038 E Aster Dr Scottsdale Az (602) 402-0492 1.06
Az Kosher, Llc 11001 N 60th St Scottsdale Az (602) 502-4714 0.51
Organizations / Associations Name
:
Personal Services Name Address Telephone Distance (Miles)
Customer
Owner Name : Orange Tree Homeowners Assoc Subdivision : Century Place
Stories : 1 Living Area : 1,719 Yr Blt / Eff Yr Blt : 1974 / APN : 167-79-190
11436 N CENTURY LN Distance 0.01 Miles
Land Use : Townhouse/rowhouse Lot Acres : 0.09
11428 N CENTURY LN Distance 0.01 Miles
Total Value : $500 Lot Acres : 0.02
Bed / Bath : / 3 Property Tax : $2,470.22
Total Value : $328,000 Sale Price : $370,000
Yr Blt / Eff Yr Blt : 1974 / APN : 167-79-189
Land Use : Townhouse/rowhouse Lot Acres : 0.10
Customer Name : Lisa Mrazek
Total Value : $328,000 Sale Price : $130,000
Bed / Bath : / 3 Property Tax : $2,097.66
Land Use : Townhouse/rowhouse Lot Acres : 0.10
Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Land Use : Open Space APN : 167-79-218
Total Value : $323,800 Sale Price : $269,000
Stories : 1 Living Area : 1,646
Stories : 1 Living Area : 1,719
Owner Name : Allan Louis Goodman Subdivision : Century Place Sale Date : 06/06/2018 Recording Date : 06/08/2018
Owner Name : Gilmore John T Subdivision : Century Place Sale Date : 06/10/2015 Recording Date : 06/16/2015
Bed / Bath : / 3 Property Tax : $2,022.38
Yr Blt / Eff Yr Blt : 1974 / APN : 167-79-187
Owner Name : Barton Frederick A Sr Subdivision : Century Place Sale Date : 08/31/1995 Recording Date : 08/31/1995
11416 N CENTURY LN Distance 0.01 Miles
11424 N CENTURY LN Distance 0.01 Miles
Owner Name : 56 Friends Llc Subdivision : Century Place Sale Date : 02/29/1996 Recording Date : 02/29/1996
Total Value : $313,600 Sale Price : $550,000 Bed / Bath : / 3 Property Tax : $2,022.38
Bed / Bath : / 3 Property Tax : $2,141.66
Customer Name : Lisa Mrazek
Land Use : Townhouse/rowhouse Lot Acres : 0.09
Stories : 1 Living Area : 1,806 Yr Blt / Eff Yr Blt : 1974 / APN : 167-79-180
Owner Name : Orange Tree Homeowners Assoc Property Tax : $4.66
Land Use : Townhouse/rowhouse Lot Acres : 0.09
11436 N CENTURY LN Distance 0.02 Miles
Stories : 1 Living Area : 1,806 Yr Blt / Eff Yr Blt : 1974 / APN : 167-79-178 11415 N 56TH ST Distance 0.02 Miles
Total Value : $336,200 Sale Price : $415,000
Stories : 1 Living Area : 1,719 Yr Blt / Eff Yr Blt : 1974 / APN : 167-79-179 11423 N 56TH ST Distance 0.02 Miles
Total Value : $500 Lot Acres : 0.62
Owner Name : Hommel Beth D Subdivision : Century Place Sale Date : 07/14/2021 Recording Date : 07/27/2021
Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Total Value : $324,200 Sale Price : $136,000 Bed / Bath : / 3 Property Tax : $2,141.66
Land Use : Townhouse/rowhouse Lot Acres : 0.09
Land Use : Open Space APN : 167-79-212
Subdivision : Century Place 11419 N 56TH ST Distance 0.02 Miles
Owner Name : Wilbur Subdivision : Century Place Sale Date : 06/08/2019 Recording Date : 06/12/2019
Total Value : Price $142,000 / $2,141.66 Use : Lot 0.09 1,806 167-79-177
Tree Homeowners Assoc
Land
Total
Land
Sale
$336,200 Sale
Yr Blt / Eff Yr Blt : 1974 / APN :
: First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
11427 N Distance 0.03 Miles
Open Space
Bed
Sean P
Owner Name : Orange Subdivision : Century Place Value : $500 Lot Acres : 0.02 Use : APN : 167-79-217
: Lisa Mrazek Customer
Customer Name Company Name
Stories : 1 Living Area :
56TH ST
Owner Name : Murphy Subdivision : Century Place Date : 01/05/1996 Recording Date : 01/05/1996
:
11436 N CENTURY LN Distance 0.03 Miles
Townhouse/rowhouse
Bath : / 3 Property Tax :
Acres :
Growth Last 5 Years: -1.81% 25 - 64 50.98%
Estimate in 5 Years: 4,944 18 - 24 1.69%
Male Population: 48.12% Above $100,000 41.48%
Unit Occupied Owner: 79.15% Above $500,000: 64.57%
Median Mortgage: $2,345
Census Tract / block: 1032.09 / 3 Year: 2018
Household Population Population by Age Count: 5,033 0 - 11 Estimate
75+ Household Size Household Income
36.49% Housing
$300 - $799: 15.33% $100,000 - $150,000: 4.32%
Growth Last 10 Years: -3.76% $75,000 - $100,000 8.54%
Growth Last 10 Years: -134.7% 65 - 74 18.6%
Current Year: 2,225 0 - $25,000 18.92%
Estimate in 5 Years: 2,425 $35,000 - $50,000 11.73%
Married People: 63.51% Unmarried People: Median Mortgage Payments Home Values Under $300: 3.29% Below $100,000: 1.7%
$800 - $1,999: 25.89% $150,000 - $200,000: 10.68% Over $2,000: 55.48% $200,000 - $300,000: 6.19%
Customer Name : Lisa Mrazek
Female Population: 51.88% Average Household Income: $75,069
08/30/2022 © 2022 CoreLogic. All rights reserved
Growth Last 5 Years: 9.8% $50,000 - $75,000 13.35%
Average Current Year: 2.24 $25,000 - $35,000 5.98%
Current Year: 5,015 12 - 17
Customer Company Name : First American Title Insurance Company Prepared On :
Median Home Value: $634,200 $300,000 - $500,000: 12.55%
Pre-Primary School:
Workforce Occupation: Manager/Prof: 61.79% Private Worker:
Private Pre-Primary School: 0.32% Not A High School Graduate: 5.99%
Public College: 4.58% College Graduate: 38.27%
2.77% Commute Time Less Than 15 Min: 18.11% 15 min - 28 min: 53.04% 30 min - 57 min: 26.15% Over 60 min: 2.7% Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Public 0.4% Not Enrolled in School: 73.01%
Technical: Government Worker:
Private College: 0% Graduate Degree: 27.34% 64.79% 10.78% Blue-Collar:
Rent Payments Year Built Unit Occupied Renter: 20.85% 1999 - 2000 Median Gross Rent: $1,416 1995 - 1998 Less Than $499 0% 1990 - 1994 $500 - $749 2.37% 1980 - 1989 32.39% $750 - $999 12.5% 1970 - 1979 31.39% $1000 and Over 85.13% 1900 - 1969 6.81% Education Enrollment
Private School: 5.89% Attended Some College: 20.57%
Sales: 25.5% Self Employed Worker: 8.81% Administrative: Unpaid Family Worker: 5.91% Private House Hold: Farming: 0.76% Service: 9.93% Skilled: Protective Services:
Public School: 21.1% Graduate Of High School: 7.84%
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 08/30/2022 © 2022 CoreLogic. All rights reserved
+ FIRST AMERICAN TITLE, FC0, LMRA MARICOPA, AZ 08/30/2022 10:58AM RL13 INVESTIGATIVE SEARCH RESULTS PAGE 1 OF 1 SEARCH PARAMETERS PARCEL: 167-79-188 PARCEL: 167-79-188 2 INSTRUMENT REC DATE OWNER: ANDREWS TIMOTHY L 2016 299131 05/03/2016 SITUS: 11420 N CENTURY LN SCOTTSDALE MAIL: 11420 N CENTURY LN SCOTTSDALE AZ 85254 PLAT: 148 - 27 LOT 22 LEGAL: CENTURY PLACE CURRENT TAXES INFORMATION THROUGH 08/19/2022 LAND IMPR EXEMPT RATE AREA SPECIAL DISTRICTS PRIMARY 24,920 0 0 6.7150 481300 30001 SECONDARY 6,470 25,910 0 2.5908 2021 TOTAL TAX BILLED 2,022.38 2021 TAX AMT TAX DUE INTEREST DATE PAID TOTAL DUE FIRST HALF 1,011.19 0.00 0.00 12/24/2021 0.00 SECOND HALF 1,011.19 0.00 0.00 12/24/2021 0.00 TOTAL CURRENT TAXES DUE 08/22 0.00 09/22 0.00 RESIDENTIAL IMPROVEMENTS BLDG SQFT 1,646 COOLING REFRIGERATION YEAR BUILT 1974 EXTERIOR WALLS OTHER NUMBER OF STORIES 1.0 ROOF BUILT UP NUMBER OF ROOMS CONSTRUCTION CLASS R3 NUMBER OF BATH FIXTURES 8 PHYSICAL CONDITION OTHER PATIO (TYPE AND NUMBER) COVERED 1 LAND USE 85 30 GARAGE (TYPE AND NUMBER) GARAGE 2 LOT SIZE 4,138 SQ FT POOL SQ FT SCHOOL DISTRICT 481300 HEATING LAND FULL CASH VALUE 64,700 IMPR FULL CASH VALUE 259,100 SALES SALE DATE SALE AMOUNT INSTRUMENT TYPE SELLER NAME VALIDITY 05/03/2016 362,000 2016 299131 WD MORSE JAMES R 05/21/2014 252,500 2014 328541 WD LEVENSON MARTIN H/MARYANNA 07/22/2005 55,000 2005 1027163 WD LEVENSON MARTIN/MARYANNA 07/22/2005 280,000 2005 1027160 WD JONES IMOGEN W 10/07/1994 94,000 1994 729427 WD BOULARD ROBERT A/ANN M 07/17/1981 105,000 1981 286156 JD JOHNSON R T ETUX 1 11/15/1976 52,500 1976 293258 JD BENEFICIAL STANDR MTGE INV 1 ADDITIONAL PROPERTY INFORMATION STANDARD LAND USE: TOWNHOUSE/ROWHOUSE END SEARCH
Thank you for the opportunity to be of service. Restrictions indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin are hereby deleted to the extent such restrictions violate 42 USC 3604(c). This information is furnished without fee and without benefit of a complete title search. No liability is assumed by First American Title or Title Security. If it is desired that liability be assumed, you may apply for a policy of title insurance with First American Title Insurance Company.
ConditionsCovenants,&Restrictions
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to the Title & Escrow Process in Arizona Home Seller’s Guide
Southwest Gas www.swgas.com1.877.860.6020 Cox www.cox.com602.277.1000 Direct TV www.directv.com1.888.777.2454 Dish Network www.dishnetwork.com1.800.823.4929 CenturyLink www.centurylink.com800.366.8201 AT&T www.att.com1.800.222.0300 Verizon www.connecttoverizon.com1.877.300.4498 Salt River Project www.srpnet.com602.236.8888 APS www.aps.com602.371.7171 Your Escrow Number Your New City/State/ZipAddress Real Estate Agent Name Email Assistant Email Company Phone Address Fax Insurance CompanyPrevious Phone Previous Agent No.Policy New Company Phone New Agent No.Policy Home CompanyWarranty No.Policy First American Title Escrow Officer Email Escrow Assistant Email Address Phone City/State/Zip Fax 02 Quick Reference 03 Welcome 04 Benefits of Using a REALTOR ® 05 Key Professionals 06 Preparing Your Home for Sale 07 Staging Your Home for Show 09 Terms You Should Know 10 The Life of an Escrow 11 Closing Costs: Who Pays What 12 The Escrow Process 14 Understanding Title Insurance 16 Consider This 17 Closing Your Escrow 18 Planning Your Move Q uick Reference Table of Contents Utilities and Services
First American Title’s professionals are proud to provide the title insurance that assures people’s home ownership. Backed by First American Title Insurance Company, your transaction will be expertly completed in accordance with state-specific underwriting standards and state and federal regulatory requirements.
First American Title to guide you smoothly through your transaction and provide expert answers to your questions. We are happy to serve you.
Welcome to the home-selling process. Throughout this process, you can count on
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Count On Us For Convenience
Count On Us For Stability
Count on First American Title
Count On Us To Meet Your Needs
First American Title is the principal subsidiary of First American Financial Corporation, and one of the largest suppliers of title insurance services in the nation. With roots dating back to 1889, we’ve served families for generations.
First American Title has a direct office or agent near you, offering convenient locations throughout Arizona. We also have an extensive network of offices and agents throughout the United States, and internationally.
First American Financial Corporation offers more than title insurance and escrow services through its subsidiaries. Our subsidiaries also provide property data, title plant records and images, home warranties, property and casualty insurance, and banking, trust and advisory services.
Count On Us For Service
› Is experienced with resolving problems to facilitate a successful closing on your home. Only you can determine whether you should attempt to sell your home—probably your largest investment—all alone. Talk with a REALTOR® before you decide. You may find working with a professional is a lot less expensive and much more beneficial than you ever imagined!
› Knows how to go toe-to-toe in negotiations.
- familiar enough with real estate regulations to prepare a binding sales contract? Counter-offers? - aware that every time you leave your home, you are taking it off the market until you return?
› Will listen to your needs, respect your opinions and allow you to make your own decisions.
Before you make the decision to try to sell your home alone, consider the benefits a REALTOR ® can provide that you may not be aware of.
®
Professional REALTOR
A REALTOR ® : › Understands market conditions and has access to information not available to the average homeowner. › Can advertise effectively for the best results.
› Knows how to screen potential buyers and eliminate those who can’t qualify or are looking for bargain-basement prices.
of using a
› Can remain objective when presenting offers and counter-offers on your behalf.
› Is always “on-call,” answering the phone at all hours, and showing homes evenings and weekends.
› Knows how to price your home realistically, to give you the highest price possible within your time frame. › Is experienced in creating demand for homes and how to show them to advantage.
FOR SALE BY OWNER
Do you... - have the knowledge, patience, and sales skills needed to sell your home? - know how to determine your home’s current market value? - know how to determine whether or not a buyer can qualify for a loan? - understand the steps of an escrow and what’s required of you and the buyer? - need to hire a real estate attorney? If so, do you know what the cost will be and how much liability they will assume in the transaction?
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› Can help protect your rights, particularly important with the increasingly complicated real estate laws and regulations.
- have arrangements with an escrow and title company, home warranty company, pest-control service and lender to assist you with the transaction? Are you... - aware of conditions in the marketplace today that affect value and length of time to sell?
- concerned about having strangers walking through your home?
Benefits4
Many people believe they can save a considerable amount of money by selling their homes themselves. It may seem like a good idea at the time, but while you may be willing to take on the task, are you qualified? The following are some questions to help you realistically assess what’s involved.
- know how to advertise effectively and what the costs will be?
- understand the various types of loans buyers may choose and the advantages and disadvantages for the seller?
› Maintains errors-and-omissions insurance.
- aware that prospective buyers and bargain hunters will expect you to lower your cost because there’s no REALTOR® involved? - prepared to give up your evenings and weekends to show your home to potential buyers and “just-looking” time wasters?
REAL ESTATE AGENT
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These are the people who carry out the title search and examination, work with you to eliminate the title exceptions you are not willing to take subject to, and provide the policy of title insurance regarding title to the real property.
A key role of the buyer’s agent or broker is to work with the buyer to locate a suitable property and negotiate a successful home purchase.
REALTOR ® A REALTOR ® is a licensed real estate agent and a member of the National Association of REALTORS,® a real estate trade association. REALTORS ® also belong to their state and local Association of REALTORS.®
BUYER'S AGENT
TITLE COMPANY
ESCROW OFFICER
An escrow officer leads the facilitation of your escrow, including escrow instructions preparation, document preparation, funds disbursement, and more.
A real estate agent is licensed by the state to represent parties in the transfer of property. Every REALTOR ® is a real estate agent, but not every real estate agent has the professional designation of a REALTOR.®
A key role of the listing agent or broker is to form a legal relationship with the homeowner to sell the property and place the property in the Multiple Listing Service.
Key Professionals Involved in Your Transaction
The MLS is a database of properties listed for sale by REALTORS ® who are members of the local Association of REALTORS.® Information on an MLS property is available to thousands of REALTORS ®
LISTING AGENT
MULTIPLE LISTING SERVICE (MLS)
Rearrange furniture to make rooms appear larger. If possible, remove and/or store excess furniture, and avoid extension cords in plain view. Remove clutter throughout the house. Organize and clean out closets.
Clean household appliances and make sure they work properly.
Air conditioners/heaters, evaporative coolers, hot water heater should be clean, working and inspected if necessary. Replace filters.
Paint or replace the mailbox, if needed.
Check stucco walls for cracks and discoloration. Remove any oil and rust stains from the driveway and garage.
Make your entry inviting: Paint your front door and buy a new front door mat.
First impressions have a major impact on potential buyers. Try to imagine what potential buyers will see when they approach your house for the first time and walk through each room. Ask your REALTOR ® for advice; they know the marketplace and what helps a home sell. Here are some tips to present your home in a positive manner:
Brighten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens.
Repair or replace worn shutters and other exterior trim.
YOURFORPREPARINGSALEHOME
Inspect fences, gates and latches. Repair or replace as needed.
Clean and organize the garage, and ensure the door is in good working order.
Repair or replace loud ventilating fans. Replace worn shower curtains.
Mow and edge the lawn regularly, and trim the shrubs.
Repair leaky faucets and caulking in bathtubs and showers.
Make sure the front steps are clear and hazard-free. Make sure the doorbell works properly and has a pleasant sound. Ensure that all exterior lights are working.
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If screens or windows are damaged, replace or repair them.
Shampoo carpeting or replace if worn. Clean tile floors, particularly the caulking.
Check the pool and/or spa equipment and pumps. Make sure all are working properly and that the pool and/or spa are kept clean.
Repair or replace loose knobs on doors and cabinets. If doors stick or squeak, fix them. Make sure toilet seats look new and are firmly attached.
If you must be present while your home is shown, keep noise down. Turn off the TV and radio. Soft, instrumental music is fine, but avoid vocals. Keep the garage door closed and the driveway clear. Park autos and campers away from your home during showings Hang clean attractive guest towels in the bathrooms.
To make the best impression, keep your home clean, neat, uncluttered and in good repair. Please review this list prior to each showing:
Cleanshown.trash
Staging your home for Show
Check that sink and tub are scrubbed and unstained. Make beds with attractive spreads. Stash or throw out newspapers, magazines, junk mail.
Keep everything clean. A messy or dirty home will cause prospective buyers to notice every flaw. Clear all clutter from counter tops. Let the light in. Raise shades, open blinds, pull back the curtains and turn on the lights. Get rid of odors such as tobacco, pets, cooking, etc., but don’t overdo air fresheners or potpourri. Fresh baked bread and cinnamon can make a positive impact.
If possible you, your pets, and your children should be gone while your home is being cans and put them out of sight.
Send pets away or secure them away from the house, and be sure to clean up after them. Close the windows to eliminate street noise.
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A right, privilege or interest limited to a specific purpose that one party has in the land of another.
Close of Escrow Generally the date the buyer becomes the legal owner and title insurance becomes effective.
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Filing documents affecting real property with the appropriate government agency as a matter of public record. Settlement statement Provides a complete breakdown of costs involved in a real estate transaction.
Appraisal
Annual Percentage Rate (APR)
A description of land recognized by law, based on government surveys, spelling out the exact boundaries of the entire parcel of land. It should so thoroughly identify a parcel of land that it cannot be confused with any other.
Deed Restrictions
As to a title insurance policy, a rider or attachment forming a part of the insurance policy expanding or limiting coverage.
Consummation
Deed of Trust An instrument used in many states in place of a mortgage.
PITI A payment that includes Principal, Interest, Taxes, and Insurance.
TRID TILA-RESPA Integrated Disclosures
A form of encumbrance that usually makes a specific parcel of real property the security for the payment of a debt or discharge of an obligation. For example, judgments, taxes, mortgages, deeds of trust.
Legal Description
Lien
Easement
Earnest Money Deposit Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment.
Hazard Insurance Real estate insurance protecting against fire, some natural causes, vandalism, etc., depending upon the policy. Buyer often adds liability insurance and extended coverage for personal property.
Comparable Sales Sales that have similar characteristics as the subject real property, used for analysis in the appraisal. Commonly called “comps.”
Limitations in the deed to a parcel of real property that dictate certain uses that may or may not be made of the real property.
Loan Estimate (LE) Form designed to provide disclosures that will be helpful to borrowers in understanding the key features, costs and risks of the mortgage loan for which they are applying. Initial disclosure to be given to the borrower three (3) business days after application.
Occurs when the borrower becomes contractually obligated to the creditor on the loan, not, for example, when the borrower becomes contractually obligated to a seller on a real estate transaction. The point in time when a borrower becomes contractually obligated to the creditor on the loan depends on applicable State law. Consummation is not the same as close of escrow or settlement.
Endorsement
The recipient of benefits, often from a deed of trust; usually the lender.
Mortgage The instrument by which real property is pledged as security for repayment of a loan.
The borrower’s costs of the loan term expressed as a rate. This is not their interest rate.
An estimate of value of property resulting from analysis of facts about the property; an opinion of value.
Beneficiary
Closing Disclosure (CD) Closing Disclosure form designed to provide disclosures that will be helpful to borrowers in understanding all of the costs of the transaction. This form will be given to the consumer three (3) business days before closing.
Disbursement Date
Impounds A trust type of account established by lenders for the accumulation of borrower’s funds to meet periodic payments of taxes, mortgage insurance premiums and/or future insurance policy premiums, required to protect their security.
Recording
Terms You Should Know
Power of Attorney A written instrument whereby a principal gives authority to an agent. The agent acting under such a grant is sometimes called an “Attorney-in-Fact.”
The date the amounts are to be disbursed to a buyer and seller in a purchase transaction or the date funds are to be paid to the borrower or a third party in a transaction that is not a purchase transaction.
THE SELLER Accepts Buyer’s application and begins the qualification process. Provides Buyer with Loan Estimate. Orders and reviews title commitment / preliminary report, property appraisal, credit report, employment and funds verification. Collects information such as title commitment / preliminary report, appraisal, credit report, employment and funds verification. Reviews and requests additional information for final loan Underwritingapproval.reviews loan package for approval. Coordinates with Escrow Officer on the preparation of the Closing Disclosure, which is delivered to Buyer at least 3 days prior to loan documents,UponDeliversconsummation.loandocumentstoescrow.reviewofsignedloanauthorizesloanfunding.
THE LENDER
Upon receipt of order and earnest money deposit, orders title examination. Requests necessary information from buyers and sellers via opening packages. Reviews title commitment / preliminary report. Upon receipt of opening packages, orders demands for payoffs. Contacts buyer or seller when additional information is required for the title preliminarycommitment/report. All demands, invoices, and fees must be collected and sent to lender at least 10 days prior to loan
The Life Of An Escrow
Chooses a Real Estate Agent Accepts Buyer’s offer to openingCompletespurchase.andreturnspackagefromFirstAmericanTitle,includinginformationsuchasforwardingaddress,payofflendercontactinformationandloannumbers.Ordersanyworkforinspectionsand/orrepairstobedoneasrequiredbythepurchaseagreement.Escrowofficerorrealestateagentcontactsthesellertoschedulesigningappointment.Documentsarerecordedandallproceedsfromsalearereceived.
Prepares recording instructions and submits docs for recording.
THE BUYER
Chooses a Real Estate Agent Gets pre-approval letter from Lender and provides to Real Estate Agent. Makes offer to purchase. Upon acceptance, opens escrow and deposits earnest money. Finalizes loan application with Lender. Receives a Loan Estimate from Lender. Completes and returns opening package from First American Title. Schedules inspections and evaluates findings. Reviews title BuyerpriorlenderpaperworkProvidespreliminarycommitment/report.allrequestedtoLender(bankstatements,taxreturns,etc.)Allinvoicesandfinalapprovalsshouldbetothenolaterthan10daystoloanconsummation.Lender(orEscrowOfficer)preparesCDanddeliverstoatleast3dayspriortoloanconsummation.Escrowofficerorrealestateagentcontactsthebuyertoschedulesigningappointment.Buyerconsummatesloan,executessettlementdocuments,&depositsfundsviawiretransfer.Documentsarerecordedandthekeysaredelivered!
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Coordinatesconsummation.withlender on the preparation of the CD. Reviews all documents, demands, and instructions and prepares settlement statements and any other required documents. Schedules signing appointment and informs buyer of funds due at settlement. Once loan is consummated, sends funding package to lender for review.
Documents are recorded and funds are disbursed. Issues final settlement statement.
THE ESCROW OFFICER
AZ Sellers Guide | 11 CASH FHA VA CONV 1. Downpayment BUYER BUYER BUYER BUYER 2. Termite (Wood Infestation) Inspection (negotiable except on VA) SELLER 3. Property Inspection (if requested by buyer) BUYER BUYER BUYER BUYER 4. Property Repairs, if any (negotiable) SELLER SELLER SELLER SELLER 5. New Loan Origination Fee (negotiable) BUYER BUYER BUYER 6. Discount Points (negotiable) BUYER BUYER BUYER 7. Credit Report BUYER BUYER BUYER 8. Appraisal or Extension Fee (negotiable) BUYER BUYER BUYER 9. Existing Loan Payoff SELLER SELLER SELLER SELLER 10. Existing Loan Payoff Demand SELLER SELLER SELLER SELLER 11. Loan Prepayment Penalty (if any) SELLER SELLER SELLER SELLER 12. Next Month’s PITI Payment BUYER BUYER BUYER 13. Prepaid Interest (approx. 30 days) BUYER BUYER BUYER 14. Reserve Account Balance (Credit seller / Charge buyer) PRORATE PRORATE PRORATE 15. FHA MIP, VA Funding Fee, PMI Premium BUYER BUYER BUYER 16. Assessments payoff or proration (sewer, paving, etc.) SELLER 17. Taxes PRORATE PRORATE PRORATE PRORATE 18. Tax Impounds BUYER BUYER BUYER 19. Tax Service Contract SELLER SELLER BUYER 20. Fire/Hazard Insurance BUYER BUYER BUYER BUYER 21 Flood Insurance BUYER BUYER BUYER 22. Homeowners Association (HOA) Transfer Fee BUYER or SELLER BUYER or SELLER BUYER or SELLER BUYER or SELLER 23. HOA/Disclosure Fee SELLER SELLER SELLER SELLER 24 Current HOA Payment PRORATE PRORATE PRORATE PRORATE 25. Next Month’s HOA Payment BUYER BUYER BUYER BUYER 26. Home Warranty Premium (negotiable) BUYER or SELLER BUYER or SELLER BUYER or SELLER BUYER or SELLER 27. REALTORS®’ Commissions SELLER SELLER SELLER SELLER 28. EAGLE Homeowners Title Policy SELLER SELLER SELLER SELLER 29. Lenders Title Policy and Endorsements BUYER BUYER BUYER 30. Escrow Fee (NOTE: Charge seller on VA Loan) SPLIT SPLIT SELLER SPLIT 31. Recording Fees (Flat rate) SPLIT SPLIT SPLIT SPLIT 32. Reconveyance/Satisfaction Fee SELLER SELLER SELLER SPLIT 33. Courier/Express Mail Fees SPLIT SPLIT SELLER SPLIT THIS CHART INDICATES WHO CUSTOMARILY PAYS WHAT COSTS Note: Prorated items will appear on Closing Statement as charges for one and credits for the other. Closing Costs: Who Pays What
Once a purchase agreement is signed by all necessary parties, the agent representing the party who will pay the fee selects an escrow holder and the buyer's earnest money deposit and contract are submitted to the escrow holder. From this point, the escrow holder will follow the mutual written instructions of the buyer and seller, maintaining a neutral stance to ensure that neither party has an unfair advantage over the other. The escrow holder also follows the instructions of the Buyer's new lender, the seller's existing lender, and both parties' agents. The escrow holder ensures the transparency of the transaction, while carefully maintaining the privacy of the consumers. Escrow Process
The escrow is the process of having a neutral party manage the exchange of money for real property. The escrow holder is known as an escrow or settlement officer or agent. The buyer deposits funds and the seller deposits a deed with the escrow holder along with all of the other documents required to remove all "contingencies" (conditions and approvals) in the purchase agreement prior to closing.
The
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WHAT IS AN ESCROW?
HOW IS AN ESCROW OPENED?
After recording is confirmed, close escrow and disburse funds, including proceeds, loan payoffs, tax payments, and more
Professional May:
Review documents and ensure all conditions are fulfilled and certain legal requirements are met
Request funds from buyer and buyer’s new lender
When all funds are deposited and conditions met, record documents with the County Recorder to transfer the real property to the buyer
Prorate fees, such as real property taxes, per the contract and prepare the settlement statement
Your Escrow
Prepare and send final documents to all parties
Set separate appointments allowing the buyer and seller to sign documents and deposit funds
Conduct a title search to determine the ownership and title status of the real Reviewpropertythetitle commitment and begin the process of working with you and the title officer to eliminate the title exceptions the buyer and the buyer’s new lender are not willing to take subject to. This includes ordering a payoff demand from your existing lender.
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Coordinate with the buyer’s lender on the preparation of the Closing Disclosure (CD)
Open escrow and deposit good faith funds into an escrow account
Prior to the development of the title industry in the late 1800s, a home-buyer received a grantor’s warranty, attorney’s title opinion, or abstractor’s certificate as assurance of home ownership. The buyer relied on the financial integrity of the grantor, attorney, or abstractor for protection. Today, home-buyers look primarily to title insurance to provide this protection. Title insurance companies are regulated by state statute. They are required to post financial guarantees to ensure that any claims will be paid in a timely fashion. They also must maintain their own “title plants” which house duplicates of recorded deeds, mortgages, plats, and other pertinent county property
WHAT IS TITLE INSURANCE?
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Understandingrecords.
Title insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.
The Title Industry & Title Insurance in Brief
Title insurance insures buyers against the risk that they did not acquire marketable title from the seller. It is primarily designed to reduce risk or loss caused by defects in title from the past. A loan policy of title insurance protects the interest of the mortgage lender, while an owner’s policy protects the equity of you, the buyer, for as long as you or your heirs (in certain policies) own the real property.
WHY IS TITLE INSURANCE NEEDED?
Title Insurance
You pay for your owner’s title insurance policy only once, at the close of escrow. Who pays for the owner’s policy and loan policy varies depending on local customs.
WHEN IS THE PREMIUM DUE?
Compare First American’s Eagle Policy® for Owners EAGLE StandardALTAorCLTA
* Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy. As with any insurance contract, the insuring provisions express the coverage afforded by the title insurance policy and there are exceptions, exclusions and conditions to coverage that limit or narrow the coverage afforded by the policy. Also, some cov erage may not be available in a particular area or transaction due to legal, regulatory, or underwriting considerations. Please contact a First American representative for further information. The services described above are typical basic services. The services provided to you may be different due to the specifics of your transaction or the location of the real property involved.
AZ Sellers Guide | 15 Compare First American’s Eagle Policy® for Owners EAGLE StandardALTAorCLTA Protection from: 1 Someone else owns an interest in your title 2 A document is not properly signed 3 Forgery, fraud, duress in the chain of title 4 Defective recording of any document 5 There are restrictive covenants 6 There is a lien on your title because there is: a) a deed of trust b) a judgement, tax, or special assessment c) a charge by a homeowner’s association 7 Title is unmarketable 8 Mechanics lien 9 Forced removal of a structure because it: a) extends on another property and/or easement b) violates a restriction in Schedule B c) violates an existing zoning law* 10 Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance 11 Unrecorded lien by a homeowners association 12 Unrecorded easements 13 Building permit violations* 14 Restrictive covenant violations 15 Post-policy forgery 16 Post-policy encroachment 17 Post-policy damage from extraction of minerals or water 18 Lack of vehicular and pedestrian access 19 Map not consistent with legal description 20 Post-policy adverse possession
21 Post-policy prescriptive easement 22 Covenant violation resulting in your title reverting to a previous owner 23 Violation of building setback regulations 24 Discriminatory covenants
Other benefits: 25 Pays rent for substitute land or facilities 26 Rights under unrecorded leases 27 Plain language statements of policy coverage and restrictions 28 Compliance with Subdivision Map Act 29 Coverage for boundary wall or fence encroachment* 30 Added ownership coverage leads to enhanced marketability 31 Insurance coverage for a lifetime 32 Post-policy inflation coverage with automatic increase in value up to 150% over five years 33 Post-policy Living Trust coverage
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One escrow transaction could involve more than 20 individuals, including real estate agents, buyers, sellers, attorneys, escrow officer, escrow technician, title officer, loan officer, loan processor, loan underwriter, home inspector, termite inspector, insurance agent, home warranty representative, contractor, roofer, plumber, pool service, and so on. And often, one transaction depends on another. When you consider the number of people involved, you can imagine the opportunities for delays and mishaps. Your experienced escrow team can’t prevent unforeseen problems from arising; however, they can help smooth out the process.
Consider This
*For purposes of the Closing Disclosure“business day” is defined as every day except Sundays and Federal legal holidays.
THE CLOSING OR SIGNING APPOINTMENT
DON'T FORGET YOUR IDENTIFICATION
You will need valid identification with your photo I.D. on it when you sign documents that need to be notarized (such as a deed). A driver's license is preferred. You will also be asked to provide your social security number for tax reporting purposes, and a forwarding address.
WHAT HAPPENS NEXT?
If the buyer is obtaining a new loan, the buyer’s signed loan documents will be returned to the lender for review. The escrow holder will ensure that all contract conditions have been met and will ask the lender to "fund the loan." If the loan documents are satisfactory, the lender will send funds directly to the escrow holder. When the loan funds are received, the escrow holder will verify that all necessary funds are in. Escrow funds will be disbursed to the seller and other appropriate payees. Then, the REALTOR® will present the keys to the property to the buyer.
Once the loan is approved and all invoices and paperwork have been provided, the lender and escrow officer will collaborate on the preparation of the Closing Disclosure (CD). In order to close on time, all paperwork and invoices should be submitted at least 10 days prior to the expected close of escrow date. The borrower must receive the CD at least three days* prior to consummation of the loan (typically the signing date). The escrow officer will also prepare an estimated settlement statement and inform the buyer of the balance of the down payment and closing costs needed to close escrow.
THE CLOSING DISCLOSURE
The escrow holder will contact you or your agent to schedule a closing or signing appointment. In some states, this is the "close of escrow." In some others, the close of escrow is either the day the documents record or that funds are disbursed. Ask your escrow holder if you would like clarification about your state's laws. You will have a chance to review the settlement statement and supporting documentation. This is your opportunity to ask questions and clarify terms. You should review the settlement statement carefully and report discrepancies to the escrow officer. This includes any payments that may have been missed. You are responsible for all charges incurred even if overlooked by the escrow holder, so it's better to bring these to their attention before closing.
The escrow holder is obligated by law to have the designated amount of money before releasing any funds. If you have questions or foresee a problem, let your escrow holder know immediately.
AZ Sellers Guide | 17
Closing Your Escrow
Double check with your mover. Make sure your mover has the new address and your contact information should they have any questions during your move.
Prepare Floor Plan. Prepare floor plan for your new home. This will help avoid confusion for you and your movers.
Vacate your home. Make sure utilities are off, doors and windows are locked and notify your real estate agent you’ve left the property.
Borrowed and rented items. Return items which you may have borrowed or rented. Collect items borrowed to others.
Discard unnecessary items Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.
SIX WEEKS BEFORE:
Seek employer benefits. If your move is work-related, your employer may provide funding for moving expenses. Your human resources rep should have information on this policy.
ONE WEEK BEFORE: Plan your itinerary. Make plans to spend the entire day at the house or at least until the movers are on their way. Someone will need to be around to make decisions. Make plans for kids and pets to be at the sitters for the day.
AZ Sellers Guide | 18
Obtain your medical records. Contact your doctors, physicians, dentists and other medical specialists who may currently be retaining any of your family’s medical records. obtain these records or make plans for them to be delivered to your new medical facilities.
Start packing. Begin packing for your new location.
Scan your furniture. Check furniture for scratches and dents before so you can compare notes with your mover on moving day.
Service automobiles If automobiles will be driven long distances, you’ll want to have them serviced for a trouble-free drive.
Travel items. Set aside items you’ll need while traveling and those needed until your new home is established. Make sure these are not packed in the moving truck!
Sign the bill of lading. Once your satisfied with the mover’s packing your items into the truck, sign the bill of lading. If possible, accompany your mover while the moving truck is being weighed.
Planning your move
Note food inventory levels Check your cupboards, refrigerator and freezer to use up as much of your perishable food as possible. Service small engines for your move by extracting gas and oil from the machines. This will reduce the chance to catch fire during your move. Protect jewelry and valuables. Transfer jewelry and valuables to safety deposit box so they can not be lost or stolen during your move.
Research moving options You’ll need to decide if yours is a do-it-yourself move or if you’ll be using a moving company.
Changing Schools. If changing schools, contact new school for registration process.
Request moving quotes Solicit moving quotes from as many moving companies and movers as possible. There can be a large difference between rates and services within moving companies.
Create an inventory sheet of items to move.
Contact insurance companies. (Life, Health, Fire, Auto) You’ll need to contact your insurance agent to cancel/transfer your insurance policy. Do not cancel your insurance policy until you have and closed escrow on the sale.
Packing materials. Gather moving boxes and packing materials for your move.
FOUR WEEKS BEFORE: Contact utility companies Set utility turnoff date, seek refunds and deposits and notify them of your new address.
Change of address. Visit USPS for change of address form.
Bank accounts Notify bank of address change. Make sure to have a money order for paying the moving company if you are transferring or closing accounts.
Cancel services. Notify any remaining service providers (newspapers, lawn services, etc) of your move.
MOVINGReviewDAY:thehouse. Once the house is empty, check the entire house (closets, the attic, basement, etc) to ensure no items are left or no home issues exist.
AZ Sellers Guide | 19 Your Notes:
AZ Sellers Guide | 20 Your Notes:
AZ Sellers Guide | 21 Your Notes:
2 GOODYEAR Rd. Ste. #170 AZ NW corner of McDowell & Litchfield
10 SCOTTSDALE FORUM 6263480.551.0480N.Scottsdale Rd., #110 Scottsdale, AZ 85250 E Side Scottsdale/S of Lincoln
85395
11 DC CROSSING 18291480.563.9034N.Pima Rd , #145 Scottsdale, AZ 85255 SE corner of Pima/Legacy
13 CHANDLER PORTICO 2121480.777.0051W.Chandler Blvd., #215 Chandler, AZ 85224 SW Corner Chandler Blvd./ Dobson Rd.
13940623.299.3644W.Meeker
17 GOLD CANYON 6877480.288.0883SouthKings Ranch Rd., #5 Gold Canyon, AZ 85118 E of South60/Side Kings Ranch Rd.
Meeker
ARROWHEAD
14 GILBERT SAN TAN 1528480.777.0614E.Williams Field Rd., #101 Gilbert, AZ 85295 NW corner of Williams Field Rd./ Val Vista Rd.
15 MESA 1630480.401.3738S.Stapley Dr., #123 Mesa, AZ 85204 N of Baseline / W of Stapley
Mountain Dr., #128 Anthem, AZ 85086 NE corner Daisy Mtn Dr/ Gavilan Peak Pkwy 6 BILTMORE 3200602.954.3644ECamelback Rd., #123 Phoenix, AZ 85018 NE Corner of Camelback/32nd Street 7 TATUM RIDGE 480.515 4369 11211 N Tatum Blvd, #A150 Phoenix, AZ 85028 N of Shea, E side of Tatum 8 CAREFREE 7202480.575.6609E.Carefree Dr , Bldg 1, #1 Carefree, AZ 85377 NE corner of Tom Darlington/ Carefree Dr.
Johnson
4 THE LEGENDS 20241623.537.1608N.67th Ave , #A-2 Glendale, AZ 85308 E side 67th Ave/N of 101 5 ANTHEM 39508623.551.3265N.Daisy
3 16165623.487.0404N.83rd Ave , #100 Peoria, AZ 85382 S of Bell/E side of 83rd Ave
16 RED MOUNTAIN 1135480.534.3599N.Recker Rd., #103 Mesa, AZ 85205 SE corner of Recker & Brown
1626623.936.8001N.Litchfield
Goodyear,
12 AHWATUKEE 4435480.753.4424E.Chandler Blvd , #100 Phoenix, AZ 85048 SW corner Chandler/45th St.
AZ Sellers Guide | 22
9 KIERLAND COMMONS 14648480.948.6488NScottsdale Rd., Ste. #100 Scottsdale, AZ 85254 W of Scottsdale Road, S side of Greenway
1 4 3 2 6 12 10 5 8 7 11 9 CRISMON BUTTESIGNAL GOLDFIELD OLDWESTHWY SKINGSRANCH 14 17 15 13 16 ArizonaCentral First American Title Branch Locator
1 SUN CITY WES T Blvd., #119 Sun City West, AZ 85375 N of Blvd W of R.H.
7 GREEN VALLEY 520.625.1095 | Fax 520.958.9663 190 W. Continental Rd., Ste. 226 Green Valley, AZ 85622
13 TANQUE VERDE 520.202.2626 | Fax 520.495.6151 7479 E. Tanque Verde Tucson, AZ 85715
1 MAIN OFFICE 520.885.1600 | Fax 520.885.2309 6390 E. Tanque Verde Rd. Tucson, AZ 85715
6 FOOTHILLS 520.299.4606 | Fax 520.577.6993 6262 N Swan Road, Suite 205 Tucson, AZ 85718
4 CASA GRANDE 520.426.4600 | Fax 520.426.4699 421 E. Cottonwood Ln. Casa Grande, AZ 85122
11 RIVER 520.529.1944 | Fax 520.615.2945 1650 E. River Rd., Ste. 105 Tucson, AZ 85718
3 CAMBRIC 520.577.8707 | Fax 520.529.5034 1840 E. River Rd., Ste. 200 Tucson, AZ 85718
AIRPORTINT'LTUCSON Air Force
10 RITA ROAD 520.618.7790 | Fax 520.901.1720 10222 East Rita Rd., Ste. 190 Tucson, AZ 85747
8 ORO VALLEY/LA CANADA 520.877.9200 | Fax 520.202.6348 11165 N. La Canada Dr., Ste. 143 Oro Valley, AZ 85737
5 CASAS ADOBES 520.575.1900 | Fax 520.432.0168 6760 N. Oracle Rd., Ste. 100B Tucson, AZ 85704
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TRSNOLDIERLE RIVER RDE PRINCE RD E SPEEDWAY BLVD SFREEMANRDE 22ND ST E 22ND ST W IRV NGTON RD SNOGALESHWY W VALENCIA RDSMISSIONRDWSPEEDWAY BLVD SOLDSPANISHTRL W NARANJA DR W TW N PEAKS RD W P CTURE ROCKS RD W MANVILLE RD SKINNEYRD W MILE WIDE RD E SAHUARITA RD NTRICORD OSSANDARIRD SOLDNOGALESHWY GUOSHHTONRD ADCSLAANADRW HELMET PEAK RD WAJOHWY RNASNWD RDKOLBS SHOUGHTONRD W TANGERINE RD E GRANT RD SHOUGHTONRD 95 WAJOHWY E VALENCIA RD NORACLERD I-19 77 77 86 86 286 19 10 10 Corona de Tucson AdobesCasas Catalina Green Valley Picture Rocks Three Points VailSummit TanqueVerde SahuaritaTucson Marana Oro Valley Rillito SummerhavenWillow Canyon Cortaro Continental Littletown 2 3758 9 10 11 13 12 6 1 AZ Sellers Guide | 23
2 BROADWAY 520.747.1644 | Fax 520.747.1403 3777 E. Broadway Blvd., Ste. 220 Tucson, AZ 85716
12 SKYLINE 520.529.0506 | Fax 520.529.8998 2890 E. Skyline Dr., Ste. 200 Tucson, AZ 85718
9 ORO VALLEY/ORACLE 520.229.9194 | 520.297.2576 Fax 520.229.9210 | 520.742.5866 8500 N. Oracle Rd., Ste 100 Oro Valley, AZ 85704
05110280522 For more information please contact your First American representative. www.firstam.com
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