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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.
Data Provided By:
Subject Property 815 N Hayden Rd Scottsdale AZ 85257 APN: 131-52-003
First American Title Ins Co © 2022 CoreLogic. All rights reserved
Data Provided By:
First American Title Ins Co
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© 2022 CoreLogic. All rights reserved
Subject Property : 815 N Hayden Rd Scottsdale AZ 85257
Owner Information
Owner Name : Scottsdale East Cooperative Corp 3 Mailing Address : 8151 E Garfield St, Scottsdale AZ 85257-3830 C019
Owner Occupied Indicator : A
Location Information
Legal Description : Lot 3 Scottsdale East
County : Maricopa, Az
Census Tract / Block : 2183.00 / 1
Township-Range- Sect : 01N-04E-01
Legal Lot : 3
APN : 131-52-003
Owner Transfer Information
Recording/Sale Date : Year /
Property Characteristics
Subdivision : Scottsdale East
Map Reference : 9906
School District : Scottsdale 48
Munic/Township : Scottsdale
Neighbor Code : 19-001
Gross Area : 44,166 Construction : Concrete Patio Type : 20c
Living Area : 44,166 Heat Type : Forced Air Air Cond : Central Year Built / Eff : 1962 / 1962 Cooling Type : Forced Air Quality : Average
# of Stories : 2
Property Information
Exterior wall : Concrete Block
Land Use : Cooperative Lot Size : 96,400 Sewer Type : Public Service
Zoning : RESIDENTIAL WITH 5 000SF MINMU Water Type : Type Unknown State Use : Apartment Coop Lot Acres : 2.21
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
2022 CoreLogic. All rights reserved
©
Tax Information
Total Value : $6,844,200
Land Value : $1,368,800
Improvement Value : $5,475,400
Total Taxable Value : $168,486
Improve % : 80%
Tax Year : 2021
Property Tax : $11,800.58
Tax Rate Area : 481400
Assessed Year : 2021 Market Value : $6,844,200
Current Assessed Year : 2023
Current Year Total Value : $736,860
Current Year Improvement Value :
$589,490
Current Year Land Value : $147,370
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
Sales Comparables
815 N Hayden Rd, Scottsdale, AZ 85257 4405
APN: 131 52 003
Subject Property
815 N Hayden Rd, Scottsdale, AZ 85257 4405
Sale Price / Type: Sale / Rec Date:
Maricopa County Data as of: 10/13/2022
Year Built / Eff: 1962 / 1962
Lot Area: 96,400 Sq Ft Bedrooms: 0 Assessed Value: $8,134,300
Living Area: 44,166 Sq Ft Baths (F / H): 0 / 0
Land Use: Apartment Pool:
Total Rooms: Owner Name: Scottsdale East Cooperative Corp 3 Mailing Address: 8151 E Garfield St, Scottsdale, AZ 85257 3830
County: Maricopa
Zoning: M H
Stories: 2
APN: 131 52 003
Acres: 2 21
Roof Material: Aluminum Subdivision: Scottsdale East Cooling: Central Prior Sale Price: Census Tct / Blk: 218300 / 1004 Fireplace: Prior Sale Date: 1st Mtg / Type: Parking Type: Prior Rec Date: Res / Comm Units: 50 / 126 Flood Zone Code: X
Prior Sale Doc #:
Search Criteria
# Months Back: 9
Distance From Subject: 10 mi Living Area Difference: 15.0 + / Land Use: Same As Subject
3 Comparable Properties Found
COMPARABLE PROPERTY SUMMARY
Subject Low Average High Price $370,000 $8,190,000 $14,200,000 Living Area 44,166 38,000 41,860 48,606
Price / Sq Ft $8 $213 $374 Bedrooms 0 0 0 Baths 0 0 0 Lot Area 96,400 Sq Ft 32,670 Sq Ft 78,329 Sq Ft 110,802 Sq Ft Stories 2 1 2 3 Year Built 1962 1951 1959 1969 Distance 2 87 mi 5 93 mi 9 52 mi © 2022 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED. PAGE 1 OF 3
8 2 A u COMPARABLES Sales Comparables 1 2 3 Report a map error # MI ST Address Sold Sold For Listed Listed At Sq Ft $ / Sq Ft Bds / Bths Lot Size Age 1 2 87 910 E Lemon St, Tempe, AZ 85281 3948 09/23/2022 $10,000,000 38,974 $257 32,670 53 2 5 38 2620 N 40th St, Phoenix, AZ 85008 1422 04/06/2022 $14,200,000 38,000 $374 110,802 71 3 9 52 115 E Palm Ln #B, Phoenix, AZ 85004 1581 02/04/2022 $370,000 48,606 $8 91,516 65 L: Listed R: REO RS: REO Sale SS: Short Sale D: Default A: Auction © 2022 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED. PAGE 2 OF 3
Comp #1 2 87 Miles From Subject 910 E Lemon St, Tempe, AZ 85281 3948
Sale Price / Type: $10,000,000 / Sale / Rec Date: 09/23/2022 / 09/23/2022
Year Built / Eff: 1969 / 1969
Lot Area: 32,670 Sq Ft Bedrooms: 0 Assessed Value: $4,634,300
Living Area: 38,974 Sq Ft Baths (F / H): 0 / 0
Land Use: Apartment Pool:
Owner Name: Paul Adams Palms LLC Mailing Address: 1212 11th St #107, Manhattan Beach, CA 90266 6026
County: Maricopa
APN: 132 73 089
Total Rooms:
Zoning: M H
Stories: 3
Acres: 0 75 Roof Material: Built Up Composition
Subdivision:
Cooling:
Fireplace:
Prior Sale Date: 05/06/2021
Prior Sale Price: $9,000,000 Census Tct / Blk: 319101 / 1002
1st Mtg / Type: $7,000,000 /
Parking Type:
Prior Rec Date: 05/11/2021 Res / Comm Units: 36 / 38
Flood Zone Code: X
Comp #2 5 38 Miles From Subject 2620 N 40th St, Phoenix, AZ 85008 1422
Sale Price / Type: $14,200,000 / Sale / Rec Date: 04/06/2022 / 04/06/2022
Year Built / Eff: 1951 / 1951
Assessed Value: $5,074,300
Prior Sale Doc #: 2021 526181
Lot Area: 110,802 Sq Ft Bedrooms: 0
Living Area: 38,000 Sq. Ft. Baths (F / H): 0 / 0
Land Use: Apartment Pool:
Owner Name: Silver Property Investments LLC Mailing Address: 1 Centerpointe Dr #400, La Palma, CA 90623 2530
County: Maricopa
APN: 120 01 032 C
Total Rooms:
Zoning: M M
Acres: 2 54
Stories: 1
Roof Material: Built Up Composition
Subdivision:
Cooling: Evaporative
Fireplace:
1st Mtg / Type: $10,750,000 / Parking Type:
Res / Comm Units: 43 / Flood Zone Code: X
Comp #3 9 52 Miles From Subject 115 E Palm Ln #B, Phoenix, AZ 85004 1581
Sale Price / Type: $370,000 / Sale / Rec Date: 02/04/2022 / 02/09/2022
Year Built / Eff: 1957 / 1957
Prior Sale Date: 08/09/2019
Prior Sale Price: $6,475,000 Census Tct / Blk: 111402 / 1000
Prior Rec Date: 08/09/2019
Prior Sale Doc #: 2019 612682
Lot Area: 91,516 Sq Ft Bedrooms: 0
Assessed Value: $5,652,700 Living Area: 48,606 Sq. Ft. Baths (F / H): 0 / 0
Land Use: Apartment Pool:
Owner Name: Kaplan Reed
Mailing Address: 865 NE Tomahawk Island Dr #102, Portland, OR 97217 8095
County: Maricopa
APN: 118 55 016 A
Subdivision: Los Olivos 55 60
Census Tct / Blk: 111800 / 4007
Total Rooms:
Zoning: M M
Acres: 2 10
Cooling: Chilled Water
Fireplace:
1st Mtg / Type: Parking Type:
Res / Comm Units: 32 / 4 Flood Zone Code: X
Stories: 2
Roof Material: Built Up Composition
Prior Sale Price: $246,500
Prior Sale Date: 08/02/2021
Prior Rec Date: 08/09/2021
Prior Sale Doc #: 2021.860120
© 2022 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED. PAGE 3 OF 3
Disclaimer:This report is not an insured product or service or a representation of the condition of title to real property. It is not an abstract, legal opinion,opinionoftitle,titleinsurance,commitmentorpreliminaryreport,oranyformoftitleinsuranceorguaranty.Estimatedpropertyvaluesare: (i) based on available data; (ii) are not guaranteed or warranted; (iii) do not constitute an appraisal; and (iv) should not be relied upon in lieu of an appraisal.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 the issuing party's prior written consent. The issuing party 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 the issuing party'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 the issuing party would not have issued this report but forthelimitationofliability described above. Theissuingpartymakesnorepresentation orwarrantyastothelegality orpropriety ofrecipient's use oftheinformationherein.
Subject Property : 815 N Hayden Rd Scottsdale AZ 85257 Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 10/19/2022 © 2022 CoreLogic. All rights reserved
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
Arizona Schools
For detailed information and statistics on Arizona schools please go to
https://azreportcards.azed.gov/ First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2021 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF 05117910421
Public Schools :
Elementary Schools
Yavapai Elementary School
Distance 0.59 Miles 701 N Miller Rd Scottsdale AZ 85257
Telephone : (480) 484-3800
Lowest Grade : Pre-K
School District : Scottsdale Unified District (4240)
Highest Grade : 6th Kindergarten : Yes School Enrollment :
Enrollment : 295
Total Expenditure/Student : 115
Distance 1.07 Miles 1500 N Scovel St Tempe AZ 85281
Laird Elementary School
Telephone : (480) 941-2440
Lowest Grade : Pre-K
School District : Tempe School District (4258)
Highest Grade : 8th Kindergarten : Yes School Enrollment :
Enrollment : 555
Total Expenditure/Student : 212
Distance 1.22 Miles 8451 E Oak St Scottsdale AZ 85257
Hohokam Elementary School
Telephone : (480) 484-1800
School District : Scottsdale Unified District (4240)
Lowest Grade : Pre-K Highest Grade : 6th
Kindergarten : Yes School Enrollment : Enrollment : 363
Total Expenditure/Student : 115
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
Tonalea K-8
6720 E Continental Dr Scottsdale AZ 85257
Telephone : (480) 484-5800
Lowest Grade : Pre-K
Distance 1.78 Miles
School District : Scottsdale Unified District (4240)
Highest Grade : 8th
Kindergarten : Yes School Enrollment : Enrollment : 920
Total Expenditure/Student : 115
Middle Schools
Distance 2.96 Miles 1216 E Apache Blvd Tempe AZ 85281
New School For The Arts Middle School
Telephone : (480) 481-9235
Lowest Grade : 6th
School District : New School For The Arts Middle School (80985)
Highest Grade : 8th
Kindergarten : No School Enrollment :
Enrollment : 79
Connolly Middle School
2002 E Concorda Dr Tempe AZ 85282
Telephone : (480) 967-8933
Lowest Grade : 6th
Total Expenditure/Student :
Distance 3.58 Miles
School District : Tempe School District (4258)
Highest Grade : 8th
Kindergarten : No School Enrollment : Enrollment : 1130
Total Expenditure/Student : 212
Distance 3.85 Miles 525 N Westwood Mesa AZ 85201
Carson Junior High School
Telephone : (480) 472-2900
Lowest Grade : 7th
School District : Mesa Unified District (4235)
Highest Grade : 8th
Kindergarten : No School Enrollment : Enrollment : 1139
Total Expenditure/Student : 373
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
Gililland Middle School
Distance 3.86 Miles 1025 S Beck Ave Tempe AZ 85281
Telephone : (480) 966-7114
Lowest Grade : 6th
High Schools
School District : Tempe School District (4258)
Highest Grade : 8th Kindergarten : No School Enrollment : Enrollment : 883
Total Expenditure/Student : 212
Student Choice High School
Distance 1.15 Miles 1833 N Scottsdale Rd Tempe AZ 85281
Telephone : (480) 947-9511
School District : Gar Llc Dba Student Choice High School (78997)
Highest Grade : 12th School Enrollment : Enrollment : 1625
Lowest Grade : 9th
Total Expenditure/Student : Advanced Placement : No
Evit - Coronado High School
Distance 1.48 Miles 7501 E Virginia Ave Scottsdale AZ 85257
Telephone : (480) 484-6800
School District : East Valley Institute Of Technology (4516)
Lowest Grade : 9th Highest Grade : 12th School Enrollment : Enrollment : 0
Total Expenditure/Student :
Advanced Placement : No
Ombudsman - Charter Northeast Distance 1.5 Miles 1290 N. Scottsdale Road Ste 13 Tempe AZ 85281
Telephone : (602) 485-9872
School District : Ombudsman Educational Services Ltd.a Subsidiary (4323)
Highest Grade : 12th School Enrollment : Enrollment : 95
Lowest Grade : 9th
Total Expenditure/Student : Advanced Placement : No
:
On : 10/19/2022
Customer Name : Jeremiah Stiffler Customer Company Name
First American Prepared
© 2022 CoreLogic. All rights reserved
Coronado High School
Distance 1.5 Miles 7501 E Virginia Ave Scottsdale AZ 85257 Telephone : (480) 484-6800
School District : Scottsdale Unified District (4240)
Highest Grade : 12th School Enrollment : Enrollment : 861
Lowest Grade : 9th
Total Expenditure/Student : 115 Advanced Placement : No
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
Local Business
Attractions / Recreation
Name Address
Telephone Distance (Miles)
Donald Lee Meredith 920 N 82nd St Apt H7 Scottsdale Az (480) 429-6286 0.17
City Of Scottsdale Municipal Property Corporation 8520 E Roosevelt St Scottsdale Az (480) 312-7275 0.5
Nicole Entertaining, Inc. 837 N 85th St Scottsdale Az (602) 327-6819 0.53
Dynasty Martial Arts C2 Llc 7660 E Mckellips Rd Lot 5 Scottsdale Az (602) 518-5685 0.65
Banks / Financial
Name Address
Telephone Distance (Miles)
Truwest Credit Union 8250 E Roosevelt St Scottsdale Az (480) 441-5900 0.22
Bitcoin Exchange Llc 7660 E Mckellips Rd Scottsdale Az (602) 317-1503 0.65
Truwest Credit Union 8201 E Mcdowell Rd Scottsdale Az (602) 629-2004 0.67
Enbi Cambio Check Cashing 7607 E Mcdowell Rd Scottsdale Az (480) 421-0300 0.89
Eating / Drinking
Name Address
Telephone Distance (Miles)
Dong Phuong Saigon 8123 E Roosevelt St Scottsdale Az (480) 949-5251 0.17
G Collection, Llc 602 N Hayden Rd Scottsdale Az (480) 629-5586 0.18
All Things Cuisine Llc 8015 E Roosevelt St Scottsdale Az (602) 321-5620 0.19
Dancin' Tastebuds 8350 E Mckellips Rd # 248 Scottsdale Az (414) 313-7276 0.44
Health Care Services
Name Address
Telephone Distance (Miles)
Lux Assistants Llc 7818 E Kimsey Ln Scottsdale Az (602) 448-5248 0.23
Courtney Vitch Nutrition And Wellness Llc 807 N 78th St Scottsdale Az (520) 390-7293 0.29
Michael F Showah 7931 E Moreland St Scottsdale Az (480) 990-7597 0.41
Concerned Citizens For Community Health 7700 E Roosevelt St Scottsdale Az (480) 312-2323 0.47
Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 10/19/2022 © 2022 CoreLogic. All rights reserved
Hospitality
Name Address
Telephone Distance (Miles)
Park Inn Suites 1251 N Miller Rd Scottsdale Az (480) 949-8637 0.73
3 Palms Resort Oasis, Llc 7707 E Mcdowell Rd Scottsdale Az (480) 941-1202 0.79
Redline Hotel And Suites 1505 E Weber Dr Tempe Az (480) 219-6301 0.92
The British Open Pub Llc 1334 N Scottsdale Rd Scottsdale Az (480) 941-4915 1.21
Organizations / Associations
Name Address
Telephone Distance (Miles)
Saint Daniels Catholic Church 1030 N Hayden Rd Scottsdale Az (480) 945-8437 0.25
St Daniel's A Prophet Catholic Church 1030 N Hayden Rd Scottsdale Az (480) 945-8437 0.25
St Daniel The Prophet Roman Catholic Parish 7923 E Latham St Scottsdale Az (480) 289-4455 0.37
River Crossing International 8780 E Mckellips Rd Lot 4 Scottsdale Az (602) 565-8809 0.78
Personal Services
Name Address
Telephone Distance (Miles)
Skin Awakened Llc 7513 E Fillmore St Scottsdale Az (480) 353-1443 0.77
Jabz Boxing 7750 E Mcdowell Rd # 101 Scottsdale Az (602) 885-6422 0.78
Levels Fitness And Nutrition, Llc 7607 E Mcdowell Rd # 107 Scottsdale Az (602) 717-2212 0.89
All In One Fitness Llc 1606 N Miller Rd Ste 2 Scottsdale Az (480) 946-7511 0.92
Shopping
Name Address
Telephone Distance (Miles)
Patch Panel Tools 601 N Hayden Rd Lot 4 Scottsdale Az (480) 272-9658 0.14
Decorative Concrete And Scoring 7902 E Pierce St Scottsdale Az (480) 620-1375 0.22
Tank Paint, Llc 8101 E Mcdowell Rd Scottsdale Az (480) 540-4062 0.66
Republic West, Inc. 8101 E Mcdowell Rd Scottsdale Az (480) 481-9595 0.66
Customer Name : Jeremiah
Stiffler
Customer Company Name : First American Prepared On : 10/19/2022 © 2022 CoreLogic. All rights reserved
601 N HAYDEN RD
Owner Name : Riviera Mobile Home Park Llc
Sale Date : 04/22/1981
Total Value : $35,600
Land Use : Mobile Home Lot
Distance 0.06 Miles
Sale Price : $3,075,000
Property Tax : $259.18
Lot Acres : 0.16
APN : 131-08-002-G
825 N HAYDEN RD Distance 0.06 Miles
Owner Name : Multifam Mrtg Br Ins Div Mtge
Total Value : $6,843,300
Land Use : Cooperative
Stories : 2
Yr Blt / Eff Yr Blt : 1962 / 1962
Subdivision : Scottsdale East
Property Tax : $17,295.34
Lot Acres : 2.95
Living Area : 44,158
APN : 131-52-006
720 N 82ND ST Distance 0.08 Miles
Owner Name : Scottsdale East Cooperative Co
Total Value : $6,864,100
Land Use : Cooperative
Stories : 2
Yr Blt / Eff Yr Blt : 1962 / 1962
Subdivision : Scottsdale East
Property Tax : $15,017.06
Lot Acres : 1.83
Living Area : 44,353
APN : 131-52-004
815 N HAYDEN RD Distance 0.08 Miles
Owner Name : Scottsdale East Cooperative Co
Total Value : $6,855,700
Land Use : Cooperative
Stories : 2
Yr Blt / Eff Yr Blt : 1962 / 1962
815 N HAYDEN RD # A101
Owner Name : Scottsdale East Cooperative Co
Total Value : $6,843,500
Land Use : Cooperative
Stories : 2
Yr Blt / Eff Yr Blt : 1962 / 1962
Subdivision : Scottsdale East
Property Tax : $15,206.54
Lot Acres : 2.26
Living Area : 44,274
APN : 131-52-002
Distance 0.09 Miles
Subdivision : Scottsdale East
Property Tax : $11,780.62
Lot Acres : 2.46
Living Area : 44,159
APN : 131-52-001
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
808 N 82ND ST
Owner Name : Scottsdale East Cooperative Co
Sale Date : 09/12/1972
Total Value : $6,843,300
Land Use : Cooperative
Stories : 2
Yr Blt / Eff Yr Blt : 1962 / 1962
8155 E ROOSEVELT ST # 116
Owner Name : Emami Ahmad Reza
Sale Date : 10/05/2005
Total Value : $125,500
Bed / Bath : / 2
Distance 0.09 Miles
Subdivision : Scottsdale East
Sale Price : $75,000
Property Tax : $11,345.88
Lot Acres : 2.23
Living Area : 44,158
APN : 131-52-009
Distance 0.11 Miles
Subdivision : Pueblos Of Scottsdale Condo
Recording Date : 10/25/2005
Sale Price : $201,000
Property Tax : $494.94
Land Use : Condominium Lot Acres : 0.03
Stories : 1
Yr Blt / Eff Yr Blt : 1986 /
Living Area : 939
APN : 131-52-033
8155 E ROOSEVELT ST # 216 Distance 0.11 Miles
Owner Name : Powell Donald
Sale Date : 08/06/2013
Total Value : $125,500
Bed / Bath : / 2
Subdivision : Pueblos Of Scottsdale Condo
Recording Date : 09/03/2013
Sale Price : $85,000
Property Tax : $423.04
Land Use : Condominium Lot Acres : 0.03
Stories : 1
Yr Blt / Eff Yr Blt : 1986 /
Living Area : 939
APN : 131-52-068
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
8155 E ROOSEVELT ST # 109
Owner Name : Garcia Miguel
Sale Date : 03/12/2010
Total Value : $125,500
Bed / Bath : / 2
Land Use : Condominium
Stories : 1
Distance 0.11 Miles
Subdivision : Pueblos Of Scottsdale Condo
Recording Date : 05/12/2010
Sale Price : $70,000
Property Tax : $423.04
Lot Acres : 0.03
Living Area : 939
Yr Blt / Eff Yr Blt : 1986 / APN : 131-52-026
8155 E ROOSEVELT ST # 209
Owner Name : Ray Angelene
Sale Date : 03/09/2005
Total Value : $125,500
Bed / Bath : / 2
Land Use : Condominium
Distance 0.11 Miles
Subdivision : Pueblos Of Scottsdale Condo
Recording Date : 03/15/2005
Sale Price : $118,000
Property Tax : $423.04
Lot Acres : 0.00
Stories : 1 Living Area : 939
Yr Blt / Eff Yr Blt : 1986 / APN : 131-52-061
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 10/19/2022
© 2022 CoreLogic. All rights reserved
Census Tract / block: 2183.00 / 1 Year: 2018
Household
Population Population by Age
Count: 4,788 0 - 11
Estimate Current Year: 5,486 12 - 17
Estimate in 5 Years: 9,453 18 - 24 5.91%
Growth Last 5 Years: 22.03% 25 - 64 62.3%
Growth Last 10 Years: -60.21% 65 - 74 10.9% 75+
Household Size Household Income
Current Year: 2,609 0 - $25,000 30.36%
Average Current Year: 1.76 $25,000 - $35,000 14.91%
Estimate in 5 Years: 3,986 $35,000 - $50,000 13.03%
Growth Last 5 Years: 20.54% $50,000 - $75,000 18.28%
Growth Last 10 Years: 12.7% $75,000 - $100,000 6.82%
Male Population: 55.22% Above $100,000 16.6%
Female Population: 44.78% Average Household Income: $41,681
Married People: 27.79%
Unmarried People: 72.21%
Housing
Median Mortgage Payments
Home Values
Under $300: 23.05% Below $100,000: 58.33%
$300 - $799: 29.49% $100,000 - $150,000: 2.08%
$800 - $1,999: 46.48% $150,000 - $200,000: 9.7% Over $2,000: 0.98% $200,000 - $300,000: 28.06%
Median Home Value: $75,700 $300,000 - $500,000: 1.82%
Unit Occupied Owner: 58.87% Above $500,000: 0%
Median Mortgage: $828
Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 10/19/2022 © 2022 CoreLogic. All rights reserved
Rent Payments
Year Built
Unit Occupied Renter: 41.13% 1999 - 2000
Median Gross Rent: $958 1995 - 1998
Less Than $499 1.8% 1990 - 1994
$500 - $749 14.31% 1980 - 1989 22.38%
$750 - $999 43.89% 1970 - 1979 38.81%
$1000 and Over 40% 1900 - 1969 34.85%
Education
Enrollment
Public Pre-Primary School: 0% Not Enrolled in School: 84.5%
Private Pre-Primary School: 0% Not A High School Graduate: 4.44%
Public School: 14.43% Graduate Of High School: 23.73%
Private School: 1.06% Attended Some College: 28.17%
Public College: 6.24% College Graduate: 32.99%
Private College: 1.06% Graduate Degree: 10.66%
Workforce
Occupation:
Manager/Prof: 47.42% Private Worker: 66.31%
Technical: Government Worker: 11.25%
Sales: 19.64% Self Employed Worker: 4.35%
Administrative: Unpaid Family Worker: 14.08%
Private House Hold: Farming: 7.54%
Service: 21.41% Skilled:
Protective Services: Blue-Collar: 11.54%
Commute Time
Less Than 15 Min: 24.78%
15 min - 28 min: 50.91%
30 min - 57 min: 24.31%
Over 60 min: 0%
Name :
Company Name : First American Prepared On : 10/19/2022
Customer
Jeremiah Stiffler Customer
© 2022 CoreLogic. All rights reserved
Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 10/19/2022 © 2022 CoreLogic. All rights reserved
Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 10/19/2022 © 2022 CoreLogic. All rights reserved
Company
Customer Name : Jeremiah Stiffler Customer
Name : First American Prepared On : 10/19/2022 © 2022 CoreLogic. All rights reserved
CURRENT TAXES
SEARCH PARAMETERS
RATE
TAX AMT TAX DUE INTEREST DATE PAID
INSTRUMENT
SPECIAL DISTRICTS
TOTAL DUE
FIRST HALF 5,438.59 5,438.59 0.00 5,438.59 SECOND HALF 5,438.59 5,438.59 0.00 5,438.59
TOTAL CURRENT TAXES DUE 10/22 10,877.18 11/22 10,949.69 (ESTIMATED)
COMMERCIAL IMPROVEMENTS
BLDG SQFT
NUMBER OF STORIES
EXTERIOR WALLS
GRADE MATERIALS
BLDG SQFT
YEAR BUILT
NUMBER OF STORIES
EXTERIOR WALLS
GRADE MATERIALS
BLDG SQFT
NUMBER OF STORIES
EXTERIOR WALLS
GRADE MATERIALS
LAND USE
SCHOOL DISTRICT
LAND FULL CASH VALUE
FULL CASH VALUE
FULL CASH VALUE
+ FIRST AMERICAN TITLE, FC0, JSTI MARICOPA, AZ 10/19/2022 09:48AM R9C8 INVESTIGATIVE SEARCH RESULTS PAGE 1 OF 2
PARCEL: 131-52-003 PARCEL: 131-52-003 9
REC DATE OWNER: SCOTTSDALE EAST COOPERATIVE CORP NO 3 4524 235 04/03/1963 SITUS: 815 N HAYDEN RD SCOTTSDALE MAIL: 8151 E GARFIELD ST SCOTTSDALE, AZ 85257 PLAT: 99 - 6 LOT 3 LEGAL: SCOTTSDALE EAST
INFORMATION THROUGH 10/14/2022 LAND IMPR EXEMPT
AREA
PRIMARY 176,911 0 0 5.2590 481400 30001 SECONDARY 162,680 650,750 0 2.0862 2022 TOTAL TAX BILLED 10,877.18 2022
15,986 FULL CASH VALUE 8,134,300 YEAR BUILT 1962
03 90
2.0 LOT SIZE 2.213 ACRES STORIES HEIGHT 8
481400
C
1,626,800
GOOD IMPR FULL CASH VALUE 6,507,500
14,382
8,134,300
1962 LAND USE 03 90
2.0 LOT SIZE 2.213 ACRES STORIES HEIGHT 8 SCHOOL DISTRICT 481400
C LAND FULL CASH VALUE 1,626,800
GOOD IMPR FULL CASH VALUE 6,507,500
13,798
8,134,300 YEAR BUILT 1962 LAND USE 03 90
2.0 LOT SIZE 2.213 ACRES STORIES HEIGHT 8 SCHOOL DISTRICT 481400
C LAND FULL CASH VALUE 1,626,800
GOOD IMPR FULL CASH VALUE 6,507,500
END SEARCH
+ FIRST AMERICAN TITLE, FC0, JSTI MARICOPA, AZ 10/19/2022 09:48AM R9C8 INVESTIGATIVE SEARCH RESULTS PAGE 2 OF 2 BLDG SQFT 1 FULL CASH VALUE 8,134,300 YEAR BUILT 1962 LAND USE 03 90 NUMBER OF STORIES 1.0 LOT SIZE 2.213 ACRES STORIES HEIGHT 1 SCHOOL DISTRICT 481400 EXTERIOR WALLS D LAND FULL CASH VALUE 1,626,800 GRADE MATERIALS GOOD IMPR FULL CASH VALUE 6,507,500 SALES NO SALES ADDITIONAL PROPERTY INFORMATION STANDARD LAND USE: COOPERATIVE
to the Title & Escrow Process in Arizona
Home Seller’s Guide
1.877.860.6020
Southwest Gas
www.swgas.com Cox 602.277.1000 www.cox.com Direct TV 1.888.777.2454 www.directv.com Dish Network 1.800.823.4929 www.dishnetwork.com CenturyLink 800.366.8201 www.centurylink.com AT&T 1.800.222.0300 www.att.com Verizon 1.877.300.4498 www.connecttoverizon.com Salt River Project 602.236.8888 www.srpnet.com APS 602.371.7171 www.aps.com Your Escrow Number Your New Address City/State/Zip Real Estate Agent Name Email Assistant Email Company Phone Address Fax Insurance Previous Company Phone Previous Agent Policy No. New Company Phone New Agent Policy No. Home Warranty Company Policy No. 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
Count on First American Title
Welcome to the home-selling process. Throughout this process, you can count on First American Title to guide you smoothly through your transaction and provide expert answers to your questions. We are happy to serve you.
Count On Us For Service
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.
Count On Us For Stability
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.
Count On Us For Convenience
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.
Count On Us To Meet Your Needs
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.
AZ Sellers Guide | 3
Benefits of using a Professional REALTOR ®
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.
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 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.
› Knows how to screen potential buyers and eliminate those who can’t qualify or are looking for bargain-basement prices.
› Knows how to go toe-to-toe in negotiations.
› Is always “on-call,” answering the phone at all hours, and showing homes evenings and weekends.
› Can remain objective when presenting offers and counter-offers on your behalf.
› Maintains errors-and-omissions insurance.
› Will listen to your needs, respect your opinions and allow you to make your own decisions.
› Can help protect your rights, particularly important with the increasingly complicated real estate laws and regulations.
› 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!
FOR SALE BY OWNER
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.
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?
- 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?
- 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?
- 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?
- 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?
AZ Sellers Guide | 4
Key Professionals Involved in Your Transaction
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.®
REAL ESTATE AGENT
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.®
LISTING AGENT
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.
BUYER'S AGENT
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.
MULTIPLE LISTING SERVICE (MLS)
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 ®
TITLE COMPANY
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.
ESCROW OFFICER
An escrow officer leads the facilitation of your escrow, including escrow instructions preparation, document preparation, funds disbursement, and more.
AZ Sellers Guide | 5
PREPARING FOR SALE YOUR HOME
Mow and edge the lawn regularly, and trim the shrubs.
Make your entry inviting: Paint your front door and buy a new front door mat.
Paint or replace the mailbox, if needed.
If screens or windows are damaged, replace or repair them.
Repair or replace worn shutters and other exterior trim.
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.
Check stucco walls for cracks and discoloration.
Remove any oil and rust stains from the driveway and garage.
Clean and organize the garage, and ensure the door is in good working order. Shampoo carpeting or replace if worn. Clean tile floors, particularly the caulking.
Brighten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens.
Repair leaky faucets and caulking in bathtubs and showers.
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.
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:
Repair or replace loud ventilating fans.
Replace worn shower curtains.
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.
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.
Inspect fences, gates and latches. Repair or replace as needed.
AZ Sellers Guide | 6
Staging your home for Show
To make the best impression, keep your home clean, neat, uncluttered and in good repair. Please review this list prior to each showing:
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.
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.
If possible you, your pets, and your children should be gone while your home is being shown.
Clean trash cans and put them out of sight.
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.
Check that sink and tub are scrubbed and unstained.
Make beds with attractive spreads.
Stash or throw out newspapers, magazines, junk mail.
AZ Sellers Guide | 7
AZ Sellers Guide | 8
Terms You Should Know
Appraisal
An estimate of value of property resulting from analysis of facts about the property; an opinion of value.
Annual Percentage Rate (APR)
The borrower’s costs of the loan term expressed as a rate. This is not their interest rate.
Beneficiary
The recipient of benefits, often from a deed of trust; usually the lender.
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.
Close of Escrow
Generally the date the buyer becomes the legal owner and title insurance becomes effective.
Comparable Sales
Sales that have similar characteristics as the subject real property, used for analysis in the appraisal. Commonly called “comps.”
Consummation
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.
Deed of Trust
An instrument used in many states in place of a mortgage.
Deed Restrictions
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.
Disbursement Date
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.
Earnest Money Deposit
Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment.
Easement
A right, privilege or interest limited to a specific purpose that one party has in the land of another.
Endorsement
As to a title insurance policy, a rider or attachment forming a part of the insurance policy expanding or limiting coverage.
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.
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.
Legal Description
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.
Lien
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.
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.
Mortgage
The instrument by which real property is pledged as security for repayment of a loan.
PITI
A payment that includes Principal, Interest, Taxes, and Insurance.
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.”
Recording
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.
TRID
TILA-RESPA Integrated Disclosures
AZ Sellers Guide | 9
The Life Of An Escrow
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 commitment/ preliminary report.
Provides all requested paperwork to Lender (bank statements, tax returns, etc.) All invoices and final approvals should be to the lender no later than 10 days prior to loan consummation.
Lender (or Escrow Officer) prepares CD and delivers to Buyer at least 3 days prior to loan consummation.
Escrow officer or real estate agent contacts the buyer to schedule signing appointment.
Buyer consummates loan, executes settlement documents, & deposits funds via wire transfer.
Documents are recorded and the keys are delivered!
THE SELLER
Chooses a Real Estate Agent
Accepts Buyer’s offer to purchase.
Completes and returns opening package from First American Title, including information such as forwarding address, payoff lender contact information and loan numbers.
Orders any work for inspections and/or repairs to be done as required by the purchase agreement.
Escrow officer or real estate agent contacts the seller to schedule signing appointment.
Documents are recorded and all proceeds from sale are received.
THE ESCROW OFFICER
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 commitment/ preliminary report.
All demands, invoices, and fees must be collected and sent to lender at least 10 days prior to loan consummation.
Coordinates with lender 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.
Prepares recording instructions and submits docs for recording.
Documents are recorded and funds are disbursed. Issues final settlement statement.
THE LENDER
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 approval.
Underwriting 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 consummation.
Delivers loan documents to escrow.
Upon review of signed loan documents, authorizes loan funding.
AZ Sellers Guide | 10
Closing
Pays What
CASH FHA VA CONV
AZ Sellers Guide | 11
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.
Costs: Who
The Escrow Process
WHAT IS AN ESCROW?
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.
HOW IS AN ESCROW OPENED?
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.
AZ Sellers Guide | 12
Your Escrow Professional May:
Open escrow and deposit good faith funds into an escrow account
Conduct a title search to determine the ownership and title status of the real property
Review the title 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.
Coordinate with the buyer’s lender on the preparation of the Closing Disclosure (CD)
Prorate fees, such as real property taxes, per the contract and prepare the settlement statement
Set separate appointments allowing the buyer and seller to sign documents and deposit funds
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
After recording is confirmed, close escrow and disburse funds, including proceeds, loan payoffs, tax payments, and more
Prepare and send final documents to all parties
AZ Sellers Guide | 13
Understanding Title Insurance
The Title Industry & Title Insurance in Brief
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 records.
WHAT IS TITLE INSURANCE?
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.
WHY IS TITLE INSURANCE NEEDED?
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.
WHEN IS THE PREMIUM DUE?
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.
AZ Sellers Guide | 14
Compare First American’s Eagle Policy® for Owners
Protection from:
else owns
fraud, duress in the chain of
recording of
There is a lien on your title because there is:
a deed of trust
a judgement, tax, or special assessment
a charge by a homeowner’s association
is unmarketable
Forced removal of a structure because it:
extends on another property and/or easement
violates a restriction in Schedule B
violates an existing zoning law*
use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a
ordinance
by
Compare First American’s Eagle Policy® for Owners
violation resulting in your title
of building
covenants
rent for substitute land or facilities
to
language statements of
with Subdivision
for boundary wall or fence
coverage
ownership coverage leads to enhanced
coverage for a lifetime
inflation coverage with automatic increase in value up to 150% over five years
Living Trust coverage
Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy.
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
EAGLE ALTA Standard or CLTA
1 Someone
an interest in your title 2 A document is not properly signed 3 Forgery,
title 4 Defective
any document 5 There are restrictive covenants 6
a)
b)
c)
7 Title
8 Mechanics lien 9
a)
b)
c)
10 Cannot
zoning
11 Unrecorded lien
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
EAGLE ALTA Standard or CLTA
21 Post-policy prescriptive easement 22 Covenant
reverting
a previous owner 23 Violation
setback regulations 24 Discriminatory
Other benefits: 25 Pays
26 Rights under unrecorded leases 27 Plain
policy
and restrictions 28 Compliance
Map Act 29 Coverage
encroachment* 30 Added
marketability 31 Insurance
32 Post-policy
33 Post-policy
*
As
Consider This
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.
AZ Sellers Guide | 16
Closing Your Escrow
THE CLOSING DISCLOSURE
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.
*For purposes of the Closing Disclosure“business day” is defined as every day except Sundays and Federal legal holidays.
THE CLOSING OR SIGNING APPOINTMENT
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.
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.
AZ Sellers Guide | 17
Planning your move
SIX WEEKS BEFORE:
Create an inventory sheet of items to 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.
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.
Discard unnecessary items Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.
Packing materials. Gather moving boxes and packing materials for your 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.
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.
Changing Schools. If changing schools, contact new school for registration process.
FOUR WEEKS BEFORE:
Contact utility companies Set utility turnoff date, seek refunds and deposits and notify them of your new address.
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.
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.
Borrowed and rented items. Return items which you may have borrowed or rented. Collect items borrowed to others.
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.
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.
Service automobiles If automobiles will be driven long distances, you’ll want to have them serviced for a trouble-free drive.
Cancel services. Notify any remaining service providers (newspapers, lawn services, etc) of your move.
Start packing. Begin packing for your new location.
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!
Scan your furniture. Check furniture for scratches and dents before so you can compare notes with your mover on moving day.
Prepare Floor Plan. Prepare floor plan for your new home. This will help avoid confusion for you and your movers.
MOVING DAY:
Review the house. 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.
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.
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.
Vacate your home. Make sure utilities are off, doors and windows are locked and notify your real estate agent you’ve left the property.
AZ Sellers Guide | 18
Your Notes:
AZ Sellers Guide | 19
Your Notes:
AZ Sellers Guide | 20
Your Notes:
AZ Sellers Guide | 21
OLDWESTHWY
Central Arizona
First American Title Branch Locator
1 SUN CITY WES T
623.299.3644
13940 W. Meeker Blvd., #119 Sun City West, AZ 85375 N of Meeker Blvd W of R.H. Johnson
2 GOODYEAR 623.936.8001
1626 N. Litchfield Rd. Ste. #170 Goodyear, AZ 85395
NW corner of McDowell & Litchfield
3 ARROWHEAD
623.487.0404
16165 N. 83rd Ave , #100 Peoria, AZ 85382
S of Bell/E side of 83rd Ave
4 THE LEGENDS
623.537.1608
20241 N. 67th Ave , #A-2 Glendale, AZ 85308
E side 67th Ave/N of 101
5 ANTHEM 623.551.3265 39508 N. Daisy Mountain Dr., #128 Anthem, AZ 85086 NE corner Daisy Mtn Dr/ Gavilan Peak Pkwy
6 BILTMORE 602.954.3644
3200 E Camelback Rd., #123 Phoenix, AZ 85018
NE Corner of Camelback/32nd Street
7 DESERT RIDGE 480.515 4369
20860 N. Tatum Blvd , #100 Phoenix, AZ 85050 NW corner of Tatum/Loop 101
8 CAREFREE 480.575.6609
7202 E. Carefree Dr , Bldg 1, #1 Carefree, AZ 85377
NE corner of Tom Darlington/ Carefree Dr.
9 KIERLAND COMMONS 480.948.6488
14648 N Scottsdale Rd., Ste. #100 Scottsdale, AZ 85254 W of Scottsdale Road, S side of Greenway
10 SCOTTSDALE FORUM 480.551.0480
6263 N. Scottsdale Rd., #110 Scottsdale, AZ 85250
E Side Scottsdale/S of Lincoln
11 DC CROSSING 480.563.9034
18291 N. Pima Rd , #145 Scottsdale, AZ 85255
SE corner of Pima/Legacy
12 AHWATUKEE
480.753.4424
4435 E. Chandler Blvd , #100 Phoenix, AZ 85048
SW corner Chandler/45th St.
13 CHANDLER PORTICO
480.777.0051
2121 W. Chandler Blvd., #215 Chandler, AZ 85224
SW Corner Chandler Blvd./ Dobson Rd.
14 GILBERT SAN TAN
480.777.0614
1528 E. Williams Field Rd., #101 Gilbert, AZ 85295
NW corner of Williams Field Rd./ Val Vista Rd.
15 MESA 480.401.3738
1630 S. Stapley Dr., #123 Mesa, AZ 85204
N of Baseline / W of Stapley
16 RED MOUNTAIN
480.534.3599
1135 N. Recker Rd , #103 Mesa, AZ 85205
SE corner of Recker & Brown
17 GOLD CANYON
480.288.0883
6877 South Kings Ranch Rd., #5 Gold Canyon, AZ 85118 E of 60/
South Side Kings Ranch Rd.
1 4 3 2 6 12 10 5 8 7 11 9 CRISMON SIGNAL BUTTE GOLDFIELD
SKINGSRANCH 14 17 15 13 16
AZ Sellers Guide | 22
For more information please contact your First American representative.
05110281121
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