3055W.InaRd.#195 Tucson,AZ85755
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Client Date Client Date
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The undersigned acknowledges receipt of this Wire Fraud Advisory.
There are many online sources that can provide useful information regarding similar topics including, but not limited to, the following sites:
Immediately notify your banking institution and Settlement/Title Company if you are a victim of wire fraud.
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.
ONLINE RESOURCES:
PROTECT YOURSELF VERIFY AND NOTIFY
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!
• 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.
• 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
• If you receive an email containing wire transfer instructions, immediately call your escrow officer to ensure the validity of the instructions.
TRUST YOUR SOURCE OF INFORMATION
DO NOT TRUST EMAILS SEEKING PERSONAL/FINANCIAL INFORMATION
• 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.
LIMITATION OF LIABILITY FOR INFORMATIONAL REPORTS
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.
Data Provided By: Title Ins
Subject Property 3055 W Ina Rd # 195 APN:AZTucson85741101-24-012D
First American
Co © 2022 CoreLogic. All rights reserved
This REiSource report is provided "as is" without warranty of any kind, either express or implied, including without limitations any warrantees of merchantability or fitness for a particular purpose. There is no representation of warranty that this information is complete or free from error, and the provider does not assume, and expressly disclaims, any liability to any person or entity for loss or damage caused by errors or omissions in this REiSource report without a title insurance policy.
Data Provided By: First American Title Ins Co
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Disclaimer
© 2022 CoreLogic. All rights reserved
Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
Prior Sale Price : $314,830
Sale Price : $235,000
Location Information
Legal Book/Page : 44-91
School District : Flowing Wells
1st Mtg Amount/Type : $199,750 / Cnv
Prior Lender : Wells Fargo Bk Na
Munic/Township : Flowing Wells
Owner Name : Bagad Properties Llc
Census Tract / Block : 46.27 / 2
Legal Lot : 183
Subject Property : 3055 W Ina Rd # 195 Tucson AZ 85741
Legal Description : Ina Corporate Center Condominiums Sw Ptn Building 12 & Int In Common Element Per Deed Restricitons Rs 39/78 Sec 5-13-13 Aka Casas Adobes Terrace Lot 183
Market Area : 11
Price Per SqFt : $149.78
Deed Type : Special Warranty Deed Title Company : Fidelity Title
Last Market Sale Information
Recording/Sale Date : 09/13/2019 / 08/09/2019
Customer Name : Chantel Cortez
Owner Information
Township-Range- Sect : 13S-13E-5
1st Mtg Document # : 2560200
Prior 1st Mtg Amt/Type : $364,540
County : Pima, Az
Prior Doc Number : 13113-3966
Prior 1st Mtg Rate/Type : / Adjustable Int Rate Loan
Mailing Address : 774 E Haa Valley Ct, Oro Valley AZ 85755-6099 R169
Prior Sale Information
Subdivision : Casas Adobes Terrace
© 2022 CoreLogic. All rights reserved
APN : 101-24-012D
Document # : 2560199
Prior Deed Type : Special Warranty Deed
Owner OccupiedIndicator : A
Prior Rec/Sale Date : 08/07/2007 / 08/03/2007
Seller Name : Wells Fargo Bank Na
Map Reference : 05-13S-13E
Gross Area : 1,569 Roof Material : Built-up Exterior wall : Block Living Area : 1,569 Construction : Concrete Air Cond : Package
Year Built / Eff : 2006 / 2006
Total TaxableValue : $42,035 Tax Rate Area : 0811 Current ImprovementYearValue : $34,574
Property Information
© 2022 CoreLogic. All rights reserved
Total Value : $275,265 Property Tax : $7,002.68 Current YearValue :Total $45,870
Land Use : Medical Condo Zoning : TR Lot Size : 1,569
County Use : Medical Condo Lot Acres : 0.04 State Use : Medical Condo
Tax Information
Property Characteristics
Heat Type : Package Floor Cover : Carpet
Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
Assessed Year : 2021 Market Value : $275,265 Current YearValue :Land $11,297
Tax Year : 2021 Current AssessedYear : 2023
Customer Name : Chantel Cortez
# of Stories : 1 Cooling Type : Package Equipment : Ja Foundation : Concrete
Year Built 2006 1956 2008 1991 Lot Size 1,569 1,376 3,600 2,030
1 1625 W Ina Rd # 109 200,000 235,224 07/19/2021 1,590 1,982 1985 1.9
Customer Name : Chantel Cortez
© 2022 CoreLogic. All rights reserved
Subject Property Low High Average
Price Per Square Foot $149.78 $125 $799 $289.40
Name :
Sales Analysis
Distressed
S 3055 W Ina Rd # 195 235,000 275,265 09/13/2019 1,569 1,569 2006 TR
3 12480 N Rancho Vistoso Blvd 290,000 204,682 01/28/2021 1,375 1,376 2005 7.77 PAD 4015 E Paradise Falls Dr # 131 274,000 213,507 12/07/2020 1,383 1,402 2006 8.57 C-1 1601 N Tucson Blvd # 22 168,000 137,912 08/02/2022 1,340 3,600 1956 8.59 R-2 1,356,681 192,343 01/04/2021 1,699 1,900 1977 8.69 O-3 3134 N Swan Rd 289,000 207,229 06/14/2021 1,408 1,750 2003 9.66 O-2 Sales =
4
Prepared
5
2 8275 N Silverbell Rd # 101 525,000 196,828 03/31/2021 1,451 2,203 2008 4.98
6
StoriesBathroomsBedrooms 1 1 1
1
Total Assessed Value $275,265 $137,912 $235,224 $198,246
Summary
Sale Price $235,000 $168,000 $1,356,681 $443,240
Distance From Subject 0 1.9 9.66 7.16
7
Bldg/Living Area 1569 1340 1699 1464
Customer Company FIRST AMERICAN TITLE On : 09/12/2022
Criteria
of Comparables # Address Sale Price TotalValueAssessed Sale Date Bed Bath Living Area Lot Size YearBuilt (Miles)Dist Zoning
© 2022 CoreLogic. All rights reserved
Customer Company Name : FIRST AMERICAN TITLE
Map
Customer Name : Chantel Cortez
Prepared On : 09/12/2022
FIRST AMERICAN TITLE Prepared
Subject Property : 3055 W Ina Rd # 195 Tucson AZ 85741
Customer : On : 09/12/2022
© 2022 CoreLogic. All rights reserved
Customer :
Chantel Cortez
Company Name
Name
© 2022 CoreLogic. All rights reserved
Prepared On : 09/12/2022
Customer Company Name : FIRST AMERICAN TITLE
Customer Name : Chantel Cortez
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
350
13
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
E Hemlock Dr BNearCanyonRdW E Camino Del Cerro E Fairmount St SSwanRd NFrontageRd W Emigh Rd W Fort Lowe Rd dSPNumptationR E Nona Rd Ch efButteRd Lo al Ave NTricoRd SCattleTankRd Evalyn Rd SOwlHeadRanchRdGasLineRd PSecanRd NTrcoRd W Bayard Rd dRSSandaro WillowSpringsRd N Dove Mountain Blvd
TANQUE VERDE UNIFIED 2300 N. Tanque Verde Loop, Tucson, AZ 85749 520.749.5751 TUCSON UNIFIED 1010 E. 10th Street, Tucson, AZ 85717 520.225.6000 VAIL UNIFIED 10701 E. Mary Ann Cleveland Way, Tucson, AZ 85747 520.879.2000
01
39
11
10 AMPHITHEATER UNIFIED 701
05249570321 AIRPORTINT'LTUCSON Air Force WSilverbellRd SSantaRitaRd NMtLemmon Hwy ESascoRd NF38 W Avra Valley Rd E Grand Va ey DrNAguirreRd dRkLNuce dRWNentzNWatermanMountainRd RdAnwayN W El Tiro Rd NTricoRd W Tucker Rd W Rudas l Rd W Manvi e Rd SSanJoaquinRdWBopp Rd W Snyder H l RddRSMarsear W Park Rd W Hermans RdW Hermans Rd W Guy St W Bush Rd SGaveyRd eaCNRinconado SWmoRd SShawRd SSierritaMountainRd SKobRdW TwinButtes Rd W Mcgee Ranch Rd ESstancaDr
SHelvetiaRdUNIFIED N. Well Road, Ajo, AZ 85321 520.387.5618 VALLEY S. Sasabe Road, Tucson, AZ 85736 520.822.1484 W. Wetmore, Tucson, AZ 85705 520.696.5000 FOOTHILS E. River Road, Tucson, AZ 85718 520.209.7500 CONTINENTAL ELEMENTARY 1991 E. Whitehouse Canyon, Green Valley, AZ 85614 520.625.4581 FLOWING WELLS UNIFIED 1556 W. Prince Road, Tucson, AZ 85705 520.696.8800 MARANA UNIFIED 11279 W. Grier Road, Marana, AZ 85653 520.682.3243 PIMA COUNTY JTED 2855 W. Master Pieces Dr, Tucson, AZ 85741 520.352.5833 SAHUARITA UNIFIED W. Sahuarita Road, Sahuarita, AZ 85629 520.625.3502 SUNNYSIDE UNIFIED 2238 E. Ginter Road, Tucson, AZ 85706 520.545.2000
16 CATALINA
EDesertDove
111
ELEMENTARY 10105
12
20
30
UNIFIED 2101
06
08
51 ALTAR
WAnamax Mine Rd dRhRiGWacaanc Road424 WRagged Top Rd W Ruby Star Dr WBritten RanchRd W Pima Mine Rd S Mcgee RanchRd E Edw n Rd SGuildRd 80 NKINNEYRD SPICACHOHWYE BAUMGARTNER RD SNANDARIORDNANWAYRD W VALENCIA RD W MOORE RD W INA RD ESN1TAV E SUNRISE DR E SNYDER RDNSILVERBELLRD TRSNOLDIERLE RIVER RDE PRINCE RD E SPEEDWAY BLVD SFREEMANRDE 22ND ST E 22ND ST W IRVINGTON RD SNOGALESHWY W VALENCIA RDSMISSIONRDWSPEEDWAY BLVD SOLDSPANISHTRL W NARANJA DR W TWIN PEAKS RD W PICTURE ROCKS RD W MANVILLE RD SKINNEYRD W MILE WIDE RD E SAHUARITA RD NTRICORD OSSANDARRD PARK LINK DR SOLDNOGALESHWY GUOSHHTONRD ADCSLAANADRW HELMET PEAK RD WAJOHWY RNASNWD RDKOLBS SHOUGHTONRD W TANGERINE RD E GRANT RD SHOUGHTONRD 95 WAJOHWY E VALENCIA RD NORACLERD I-10 I-19 77 77 77 86 86 286 10 19 10 10 Corona de Tucson AdobesCasas Catalina Green Valley Oracle Picture Rocks Three Points VailSummit TanqueVerde SahuaritaTucson Red Rock Saddlebrooke Marana Oro Valley Rillito SummerhavenWillow Canyon Oracle Junction Cortaro Continental Littletown 20 30 13 15 51 39 12 01 01 08 10 16 11 06 PIMA COUNTY School District Information This map is provided for general location only. Please contact school districts for actual street boundaries SCHOOL DISTRICTS 15 AJO
Customer Company Name : FIRST AMERICAN TITLE
Telephone : (520) 579-5000
Distance 0.48 Miles
Public Schools :
Distance 0.86 Miles
© 2022 CoreLogic. All rights reserved
Telephone : (520) 696-8400
Lowest Grade : K Highest Grade : 6th Kindergarten : Yes School Enrollment : Enrollment : 346
3400 W Massingale Rd Tucson AZ 85741
J Robert Hendricks Elementary School
Kindergarten : Yes School Enrollment : Enrollment : 542 Total Expenditure/Student : 48
School District : Flowing Wells Unified District (4405)
Lowest Grade : K Highest Grade : 6th
Robert Richardson Elementary School
Customer Name : Chantel Cortez
Total Expenditure/Student : 48
Butterfield Elementary School
Distance 0.82 Miles
Prepared On : 09/12/2022
Elementary Schools
Telephone : (520) 696-8500
School District : Marana Unified District (4404)
6901 N Camino De La Tierra Tucson AZ 85741
Lowest Grade : Pre-K
Highest Grade : 6th Kindergarten : Yes School Enrollment : Enrollment : 520 Total Expenditure/Student : 269
3400 W Orange Grove Rd Tucson AZ 85741
School District : Flowing Wells Unified District (4405)
7600 N Shannon Rd Bldg D103 Tucson AZ 85709
School District : Mountain Rose Academy Inc. (10879)
Telephone : (520) 797-4884
Lowest Grade : 9th Highest Grade : 12th School Enrollment : Enrollment : 0
Lowest Grade : 9th Highest Grade : 12th School Enrollment : Enrollment : 268
4125 W Aerie Dr Tucson AZ Telephone :85741(520) 696-8900
Sentinel Peak High School Distance 1.16 Miles
Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
Mountain Rose Academy Distance 1 Miles
Pcjted - Aztec Middle College North West Distance 0.6 Miles
Marion Donaldson Elementary School Distance 1.19 Miles
Telephone : (520) 745-4588
Total Expenditure/Student : 132
Lowest Grade : Pre-K Highest Grade : 5th Kindergarten : Yes School Enrollment : Enrollment : 332
Lowest Grade : 9th Highest Grade : 12th School Enrollment : Enrollment : 97
© 2022 CoreLogic. All rights reserved
Total Expenditure/Student : Advanced Placement : No
3686 W Orange Grove Rd Ste 192 Tucson AZ 85741
2040 W Omar Dr Tucson AZ Telephone :85704(520) 696-6160
School District : Pima County Jted (89380)
High Schools
School District : Flowing Wells Unified District (4405)
Total Expenditure/Student : Advanced Placement : No
Total Expenditure/Student : 48 Advanced Placement : No
School District : Amphitheater Unified District (4406)
Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
Lowest Grade : 11th Highest Grade : 12th School Enrollment : Enrollment : 0
Customer Name : Chantel Cortez
Total Expenditure/Student : Advanced Placement : No
© 2022 CoreLogic. All rights reserved
School District : Pima County Jted (89380)
Distance 1.58 Miles 5850 N Seanifer Dr Tucson AZ Telephone :85741 (520) 352-5833
Pima County Jted Cosmetology
AttractionsBusiness/Recreation
Name Address Telephone Distance (Miles)
New China Super Buffet 3000 W Ina Rd Tucson Az (520) 886-3788 0.13
Grumpy Grill 2960 W Ina Rd Tucson Az (520) 297-5452 0.13
Satyr Entertainment 2820 W Puccini Pl Tucson Az (520) 572-4900 0.32
Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
© 2022 CoreLogic. All rights reserved
Kfc National Management Company 2980 W Ina Rd Tucson Az (520) 448-2493 0.13
Adelphi Mortgage Inc 3275 W Ina Rd Ste 200 Tucson Az (520) 293-7929 0.3
Tucson Dojo 6906 N Cmino Mrtn Ste 140 Tucson Az (520) 403-5194 0.4
Name Address Telephone Distance (Miles)
Jpmorgan Chase Bank, National Association 7175 N Thornydale Rd Tucson Az (520) 792-7110 0.87
Name Address Telephone Distance (Miles)
Health Care Services
Name Address Telephone Distance (Miles)
Mth Mortgage, Llc 3275 W Ina Rd Ste 215 Tucson Az (520) 225-6870 0.3
Wok & Roll, Inc. 3000 W Ina Rd Tucson Az (520) 297-1279 0.13
Sam E Sato Md 3055 W Ina Rd Ste 121 Tucson Az (520) 293-5353 0.11
Calva Draw Llc 3043 W Ina Rd Tucson Az (520) 797-7070 0.12
Nancy S Craney 3720 W Ina Rd Ste 132 Tucson Az (520) 878-0297 0.74
Japan Karate Federation, Tucson, Arizona Llc 6800 N Cmino Mrtn Ste 106 Tucson Az (520) 403-5194 0.44
John R Bean Md 3043 W Ina Rd Ste 115 Tucson Az (520) 797-7070 0.12
Local
First Glimpse Ultrasound 3049 W Ina Rd Tucson Az (520) 308-5521 0.11
Eating / Drinking
Banks / Financial
Hans Peter Hoffman 2840 W Ina Rd Ste 164 Tucson Az (520) 797-0010 0.26
Christ The King Church 2800 W Ina Rd Tucson Az (520) 297-2551 0.31
Organizations / Associations
Hand Pick Produce 3273 W Treeline Dr Tucson Az (520) 248-0667 0.62
The Church Of Jesus Christ Of Latterday Saints 3659 W Horizon Hills Dr Tucson Az (520) 742-2185 0.73
Shopping
Ina Road Church Of Christ 2425 W Ina Rd Tucson Az (520) 742-9727 0.74
Nirvana Reflexology Spa Corporation 3720 W Ina Rd Tucson Az (520) 572-0222 0.74
Name Address Telephone Distance (Miles)
Circle K Stores Inc. 2880 W Ina Rd Tucson Az (520) 797-2152 0.23
General Nutrition Corporation 2954 W Ina Rd Tucson Az (520) 544-9448 0.13
© 2022 CoreLogic. All rights reserved
Name Address Telephone Distance (Miles)
Personal Services
Faith In Action Nw Interfaith 2820 W Ina Rd Tucson Az (520) 297-6049 0.29
Customer Name : Chantel Cortez
Name Address Telephone Distance (Miles)
Star Cryotherapy 2968 W Ina Rd Tucson Az (520) 544-2653 0.13
Design-build Green Llc 2991 W Calle Lucinda Tucson Az (520) 850-2751 0.27
Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
© 2022 CoreLogic. All rights reserved
Stories : 1 Living Area : 2,994
Stories : 1 APN : 101-24-014A
Sale Date : 04/13/2016
Sale Price : $277,900
Total Value : $519,429 Property Tax : $13,362.67
Distance 0.02 Miles
Sale Date : 07/27/2006
Owner Name : Fidelity National Title Tr 302
Distance 0.03 Miles
Yr Blt / Eff Yr Blt : 2005 / 2005
Recording Date : 05/13/2021
Sale Price : $1,448,000
Yr Blt / Eff Yr Blt : 1994 / APN : 101-04-7150
Owner Name : Calva Draw Llc
Prepared On : 09/12/2022
Recording Date : 05/02/2016
Owner Name : Brogan Jonathan L
Bed / Bath : / 4 Property Tax : $3,971.56
Yr Blt / Eff Yr Blt : 2005 / 2005
3043 W INA RD # 115
Land Use : Office Condo Lot Acres : 0.10
3055 W INA RD
Total Value : $439,150
Land Use : Medical Condo Lot Acres : 0.07
Yr Blt / Eff Yr Blt : 2006 / 2006 APN : 101-24-011B
Land Use : Sfr Lot Acres : 0.29
Customer Company Name : FIRST AMERICAN TITLE
Distance 0.01 Miles
3061 W INA RD
Total Value : $266,111
Recording Date : 07/28/2006
Sale Date : 05/12/2021
Subdivision : Casas Adobes Terrace
APN : 101-24-012B
Subdivision : Casas Adobes Terrace
Property Tax : $32.98
Stories : 1 Living Area : 2,322
Sale Price : $590,625
Land Use : Office Condo Lot Acres : 0.07
Property Tax : $11,675.74
3048 W PLACITA MONTESSA
Subdivision : Casas Adobes Terrace
Customer Name : Chantel Cortez
Total Value : $1,100
Distance 0.03 Miles
Owner Name : Sato Sam E
Stories : 1 Living Area : 3,071
Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
© 2022 CoreLogic. All rights reserved
Sale Price : $500,000
Yr Blt / Eff Yr Blt : 2006 / 2006
Subdivision : Casas Adobes Terrace
3049 W INA RD
Sale Date : 09/07/2011
Land Use : Sfr Lot Acres : 0.20
Land Use : Office Condo Lot Acres : 0.11
Recording Date : 08/30/2006
Bed / Bath : / 3
3067 W INA RD # 105
Total Value : $183,950
Total Value : $3,648,976
APN : 101-24-013A
Customer Name : Chantel Cortez
Stories : 1 Living Area : 4,803
Owner Name : Schwartz Gary J Subdivision : Casas Adobes Terrace
Sale Price : $2,500,000
Owner Name : Colinas Investments Llc
Land Use : Municipal Property
Sale Date : 06/05/2017
Distance 0.03 Miles
Recording Date : 06/09/2017
3056 W PLACITA MONTESSA
Property Tax : $15,742.92
Sale Price : $149,000
Stories : 1
APN : 101-24-0100
Sale Date : 09/26/2002
Stories : 1
Land Use : Office Condo Lot Acres : 0.48
Recording Date : 09/30/2002
Living Area : 20,799
Recording Date : 09/09/2011
Distance 0.03 Miles
Yr Blt / Eff Yr Blt : 2005 / 2005
Yr Blt / Eff Yr Blt : 1996 / APN : 101-04-7160
3089 W INA RD Distance 0.04 Miles
Owner Name : Ina Corp CondominiumsCenter Yr Blt / Eff Yr Blt : 2005 / 2005
Total Value : $833,272
Sale Date : 08/28/2006
Owner Name : 3067 West Ina Road Llc
Total Value : $1,100
Distance 0.04 Miles
Lot Acres : 9.38
Property Tax : $75,638.12
Subdivision : Ina Corporate Center Condos
Property Tax : $2,678.40
Stories : 1 Living Area : 1,479
APN : 101-24-017A
Current Year: 1,095 0 - $25,000 18.81%
Male Population: 48% Above $100,000 16.8%
Median Mortgage Payments Home Values
Estimate in 5 Years: 996 $35,000 - $50,000 16.99%
Under $300: 7.1% Below $100,000: 3.47%
Unit Occupied Owner: 55.34% Above $500,000: 0%
$800 - $1,999: 52.31% $150,000 - $200,000: 35.64% Over $2,000: 8.25% $200,000 - $300,000: 20.13%
Median Mortgage: $822
Household
Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
Growth Last 5 Years: 6.94% $50,000 - $75,000 17.9%
$300 - $799: 32.34% $100,000 - $150,000: 33.99%
Estimate in 5 Years: 1,572 18 - 24 11.12%
Count: 2,581 0 - 11
Census Tract / block: 46.27 / 2 Year: 2018
Estimate Current Year: 2,337 12 - 17
Median Home Value: $170,200 $300,000 - $500,000: 6.77%
Female Population: 52% Average Household Income: $48,458
Housing
Population Population by Age
Growth Last 10 Years: -162.83% 65 - 74 9.3% 75+
Married People: 46.71%
Unmarried People: 53.29%
© 2022 CoreLogic. All rights reserved
Growth Last 5 Years: -13.44% 25 - 64 54.55%
Household Size Household Income
Growth Last 10 Years: -11.51% $75,000 - $100,000 13.61%
Average Current Year: 2.36 $25,000 - $35,000 15.89%
Customer Name : Chantel Cortez
Technical: Government Worker: 13.19%
Customer Name : Chantel Cortez
$1000 and Over 40.59% 1900 - 1969 3.96%
15 min - 28 min: 42.99%
Public School: 17.96% Graduate Of High School: 15.25%
Less Than $499 4.81% 1990 - 1994
Not Enrolled in School: 76.98%
Education
$750 - $999 44.14% 1970 - 1979 18.71%
Median Gross Rent: $961 1995 - 1998
Private College: 2.61% Graduate Degree: 11.46%
Customer Company Name : FIRST AMERICAN TITLE Prepared On : 09/12/2022
Private School: 5.05% Attended Some College: 35.23%
Workforce
Private Pre-Primary School: 1.4% Not A High School Graduate: 11.12%
Manager/Prof: 41.09% Private Worker: 71.27%
Less Than 15 Min: 26.74%
Enrollment
Rent Payments
Protective Services: Blue-Collar: 21.99%
© 2022 CoreLogic. All rights reserved
$500 - $749 10.46% 1980 - 1989 50.78%
Public Pre-Primary School: 1.04%
Public College: 4.29% College Graduate: 26.93%
Occupation:
Service: 13.5% Skilled:
Year Built
Unit Occupied Renter: 44.66% 1999 - 2000
30 min - 57 min: 26.58%
Administrative: Unpaid Family Worker: 4.78%
Over 60 min: 3.68%
Commute Time
Private House Hold: Farming: 7.88%
Sales: 23.43% Self Employed Worker: 2.12%
Prepared On : 09/12/2022
Customer Company Name : FIRST AMERICAN TITLE
© 2022 CoreLogic. All rights reserved
Customer Name : Chantel Cortez
Prepared On : 09/12/2022
Customer Company Name : FIRST AMERICAN TITLE
Customer Name : Chantel Cortez
© 2022 CoreLogic. All rights reserved
Customer Name : Chantel Cortez
© 2022 CoreLogic. All rights reserved
Customer Company Name : FIRST AMERICAN TITLE
Prepared On : 09/12/2022
SITUS: 3055 W INA RD 195 TUCSON
PRIMARY 42,035 0 0 9.4295 0811 SECONDARY 11,297 38,251 7.2297 7,002.68
TAX DUE INTEREST
TOTAL DUE
MAIL: 2520 W OVERTON RIDGE PL TUCSON AZ 85742
AFFIDAVIT 2019 2560199 09/13/2019
FIRST HALF 3,501.34 0.00 0.00 10/14/2021 0.00 SECOND HALF 3,501.34 0.00 0.00 03/17/2022 0.00
SEARCH PARAMETERS
09/22 0.00 10/22 0.00 IMPROVEMENTS BUSINESS OFFICE BLDG SQFT 1,569 FULL CASH VALUE 275,265 YEAR BUILT 2006 LAND USE 21 80 NUMBER OF STORIES 1.0 LOT SIZE 1,569 SQ FT STORIES HEIGHT 0 SCHOOL DISTRICT 0811 EXTERIOR WALLS OTHER LAND FULL CASH VALUE 62,760 GRADE MATERIALS IMPR FULL CASH VALUE 212,505 SALES SALE DATE SALE AMOUNT INSTRUMENT TYPE SELLER NAME VALIDITY 09/13/2019 235,000 2019 2560199 WD WELLS FARGO BANK NATIONAL ADDITIONAL PROPERTY INFORMATION STANDARD LAND USE: MEDICAL CONDO END SEARCH
CURRENT TAXES
+ FIRST AMERICAN TITLE, FC0, CCOR PIMA, AZ 09/12/2022 06:58AM NKFE INVESTIGATIVE SEARCH RESULTS PAGE 1 OF 1
INSTRUMENT REC DATE
PARCEL: 101-24-012D
OWNER: BAGAD PROPERTIES LLC
2021 TAX AMT DATE PAID
PLAT: LOT 00183 BLOCK
TOTAL CURRENT TAXES DUE
PARCEL: 101-24-012D
0
LEGAL: INA CORPORATE CENTER CONDOMINIUMS SW PTN BUILDING 12 & INT IN COMMON ELEMENT PER DEED RESTRICITONS RS 39/78 SEC 5-13-13 AKA CASAS ADOBES TERRACE LOT 183
INFORMATION THROUGH 07/28/2022 LAND IMPR EXEMPT RATE AREA SPECIAL DISTRICTS
2021 TOTAL TAX BILLED
Recorded CC&Rs may not exist.
Once escrow is opened, the property will be thoroughly examined. CC&Rs and other matters that may “run with the land” will be disclosed in Schedule B of the Commitment for Title Insurance.
If you have questions, or need additional information at this time, please contact your First American or Title Security Account Manager or Escrow Officer.
We are providing the requested information without CC&Rs.
The property is sectional, whereas there are no “standard” subdivision‐type restrictions
Unfortunately, we are unable to confirm CC&Rs at this time, possibly because:
The property is too complex to obtain CC&Rs without a complete title examination
A recorded plat may not exist
The recorded plat may be older, with limited information available, or
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
Count On Us For Stability
Count On Us For Service
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 First American Title
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 To Meet Your Needs
Count On Us For Convenience
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.
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.
AZ Sellers Guide | 3
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.
› Maintains errors-and-omissions insurance.
- know how to determine your home’s current market value?
› Knows how to price your home realistically, to give you the highest price possible within your time frame.
A REALTOR ® :
- know how to determine whether or not a buyer can qualify for a loan?
› Understands market conditions and has access to information not available to the average homeowner.
› Knows how to go toe-to-toe in negotiations.
Benefits4 of using a Professional REALTOR ®
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?
› Is always “on-call,” answering the phone at all hours, and showing homes evenings and weekends.
AZ Sellers Guide |
- concerned about having strangers walking through your home?
› Can help protect your rights, particularly important with the increasingly complicated real estate laws and regulations.
- understand the various types of loans buyers may choose and the advantages and disadvantages for the seller?
- aware that prospective buyers and bargain hunters will expect you to lower your cost because there’s no REALTOR® involved?
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!
- 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?
- have arrangements with an escrow and title company, home warranty company, pest-control service and lender to assist you with the transaction?
- understand the steps of an escrow and what’s required of you and the buyer?
› Knows how to screen potential buyers and eliminate those who can’t qualify or are looking for bargain-basement prices.
Do you...
› Can advertise effectively for the best results.
› Is experienced in creating demand for homes and how to show them to advantage.
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.
- 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?
- aware of conditions in the marketplace today that affect value and length of time to sell?
› Is experienced with resolving problems to facilitate a successful closing on your home.
› Can remain objective when presenting offers and counter-offers on your behalf.
› Will listen to your needs, respect your opinions and allow you to make your own decisions.
FOR SALE BY OWNER
- prepared to give up your evenings and weekends to show your home to potential buyers and “just-looking” time wasters?
Are you...
- have the knowledge, patience, and sales skills needed to sell your home?
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.®
An escrow officer leads the facilitation of your escrow, including escrow instructions preparation, document preparation, funds disbursement, and more.
REALTOR ®
LISTING AGENT
TITLE COMPANY
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)
ESCROW OFFICER
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
BUYER'S AGENT
REAL ESTATE AGENT
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 ®
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 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.®
AZ Sellers Guide | 5
Remove clutter throughout the house. Organize and clean out closets.
Shampoo carpeting or replace if worn. Clean tile floors, particularly the caulking.
YOURFORPREPARINGSALEHOME
Mow and edge the lawn regularly, and trim the shrubs.
Air conditioners/heaters, evaporative coolers, hot water heater should be clean, working and inspected if necessary. Replace filters.
AZ Sellers Guide | 6
Repair or replace worn shutters and other exterior trim.
Check stucco walls for cracks and discoloration.
Brighten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens.
Repair leaky faucets and caulking in bathtubs and showers.
Clean household appliances and make sure they work properly.
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:
Paint or replace the mailbox, if needed.
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.
Make your entry inviting: Paint your front door and buy a new front door mat.
If screens or windows are damaged, replace or repair them.
Make sure toilet seats look new and are firmly attached.
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.
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.
Ensure that all exterior lights are working.
Repair or replace loose knobs on doors and cabinets. If doors stick or squeak, fix them.
Inspect fences, gates and latches. Repair or replace as needed.
Make sure the front steps are clear and hazard-free. Make sure the doorbell works properly and has a pleasant sound.
Let the light in. Raise shades, open blinds, pull back the curtains and turn on the lights.
Check that sink and tub are scrubbed and unstained.
Staging your home for Show
cans and put them out of sight.
Make beds with attractive spreads.
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 Cleanshown.trash
Close the windows to eliminate street noise.
Clear all clutter from counter tops.
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.
Stash or throw out newspapers, magazines, junk mail.
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:
AZ Sellers Guide | 7
Keep everything clean. A messy or dirty home will cause prospective buyers to notice every flaw.
Send pets away or secure them away from the house, and be sure to clean up after them.
AZ Sellers Guide | 8
Appraisal
Endorsement
Power of Attorney
Recording
Filing documents affecting real property with the appropriate government agency as a matter of public record.
A payment that includes Principal, Interest, Taxes, and Insurance.
Loan Estimate (LE)
Sales that have similar characteristics as the subject real property, used for analysis in the appraisal. Commonly called “comps.”
Annual Percentage Rate (APR)
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.”
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.
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.
The borrower’s costs of the loan term expressed as a rate. This is not their interest rate.
Beneficiary
The instrument by which real property is pledged as security for repayment of a loan.
Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment.
Easement
Closing Disclosure (CD)
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.
As to a title insurance policy, a rider or attachment forming a part of the insurance policy expanding or limiting coverage.
Deed of Trust
Consummation
Mortgage
The recipient of benefits, often from a deed of trust; usually the lender.
Settlement statement
Disbursement Date
Lien
Close of Escrow
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.
Earnest Money Deposit
A right, privilege or interest limited to a specific purpose that one party has in the land of another.
An estimate of value of property resulting from analysis of facts about the property; an opinion of value.
Deed Restrictions
Hazard Insurance
Impounds
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.
An instrument used in many states in place of a mortgage.
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.
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.
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.
Generally the date the buyer becomes the legal owner and title insurance becomes effective.
Provides a complete breakdown of costs involved in a real estate transaction.
TRID
Terms You Should Know
Comparable Sales
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.
PITI
AZ Sellers Guide | 9
TILA-RESPA Integrated Disclosures
AZ Sellers Guide | 10
Chooses a Real Estate Agent
Requests necessary information from buyers and sellers via opening packages.
Coordinatesconsummation.withlender on the preparation of the CD.
THE BUYER
Prepares recording instructions and submits docs for recording.
Reviews title commitment / preliminary report.
Completes and returns opening package from First American Title.
Once loan is consummated, sends funding package to lender for review.
Schedules inspections and evaluates findings. Reviews title BuyerpriorlenderpaperworkProvidespreliminarycommitment/report.allrequestedtoLender(bankstatements,taxreturns,etc.)Allinvoicesandfinalapprovalsshouldbetothenolaterthan10daystoloanconsummation.Lender(orEscrowOfficer)preparesCDanddeliverstoatleast3dayspriortoloanconsummation.Escrowofficerorrealestateagentcontactsthebuyertoschedulesigningappointment.Buyerconsummatesloan,executessettlementdocuments,&depositsfundsviawiretransfer.Documentsarerecordedandthekeysaredelivered!
Upon receipt of order and earnest money deposit, orders title examination.
Accepts Buyer’s offer to openingCompletespurchase.andreturnspackagefromFirstAmericanTitle,includinginformationsuchasforwardingaddress,payofflendercontactinformationandloannumbers.Ordersanyworkforinspectionsand/orrepairstobedoneasrequiredbythepurchaseagreement.Escrowofficerorrealestateagentcontactsthesellertoschedulesigningappointment.Documentsarerecordedandallproceedsfromsalearereceived.
Gets pre-approval letter from Lender and provides to Real Estate Agent.
The Life Of An Escrow
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.
Finalizes loan application with Lender. Receives a Loan Estimate from Lender.
Makes offer to purchase. Upon acceptance, opens escrow and deposits earnest money.
Upon receipt of opening packages, orders demands for payoffs. Contacts buyer or seller when additional information is required for the title preliminarycommitment/report.
THE LENDER
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.
All demands, invoices, and fees must be collected and sent to lender at least 10 days prior to loan
Underwritingapproval.reviews loan package for approval.
Documents are recorded and funds are disbursed. Issues final settlement statement.
Orders and reviews title commitment / preliminary report, property appraisal, credit report, employment and funds verification.
THE ESCROW OFFICER
Collects information such as title commitment / preliminary report, appraisal, credit report, employment and funds verification. Reviews and requests additional information for final loan
THE SELLER
Chooses a Real Estate Agent
Accepts Buyer’s application and begins the qualification process. Provides Buyer with Loan Estimate.
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
AZ Sellers Guide | 12
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.
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.
HOW IS AN ESCROW OPENED?
WHAT IS AN ESCROW?
The Escrow Process
When all funds are deposited and conditions met, record documents with the County Recorder to transfer the real property to the buyer
AZ Sellers Guide | 13
Prorate fees, such as real property taxes, per the contract and prepare the settlement statement
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)
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 Reviewpropertythetitle
After recording is confirmed, close escrow and disburse funds, including proceeds, loan payoffs, tax payments, and more
Set separate appointments allowing the buyer and seller to sign documents and deposit funds
Prepare and send final documents to all parties
Your Escrow 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
Title Insurance
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.
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.
WHAT IS TITLE INSURANCE?
AZ Sellers Guide | 14
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 Understandingrecords.
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?
The Title Industry & Title Insurance in Brief
WHY IS TITLE INSURANCE NEEDED?
28 Compliance with Subdivision Map Act Coverage for boundary wall or fence encroachment*
32 Post-policy inflation coverage with automatic increase in value up to 150% over five years
3 Forgery, fraud, duress in the chain of title
b) a judgement, tax, or special assessment
6 There is a lien on your title because there is:
AZ Sellers Guide | 15
5 There are restrictive covenants
20 Post-policy adverse possession
22 Covenant violation resulting in your title reverting to a previous owner
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.
15 Post-policy forgery
Other benefits:
13 Building permit violations*
8 Mechanics lien
Protection from:
16 Post-policy encroachment
a) a deed of trust
1 Someone else owns an interest in your title
14 Restrictive covenant violations
26 Rights under unrecorded leases Plain language statements of policy coverage and restrictions
2 A document is not properly signed
23 Violation of building setback regulations
10 Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance
7 Title is unmarketable
Compare First American’s Eagle Policy® for Owners EAGLE StandardALTAorCLTA
4 Defective recording of any document
33 Post-policy Living Trust coverage
25 Pays rent for substitute land or facilities
Compare First American’s Eagle Policy® for Owners
18 Lack of vehicular and pedestrian access
29
* Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy.
19 Map not consistent with legal description
c) a charge by a homeowner’s association
b) violates a restriction in Schedule B
11 Unrecorded lien by a homeowners association
21 Post-policy prescriptive easement
30 Added ownership coverage leads to enhanced marketability
StandardALTAorCLTA
24 Discriminatory covenants
c) violates an existing zoning law*
27
9 Forced removal of a structure because it:
17 Post-policy damage from extraction of minerals or water
31 Insurance coverage for a lifetime
a) extends on another property and/or easement
EAGLE
12 Unrecorded easements
AZ Sellers Guide | 16
Consider This
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.
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.
AZ Sellers Guide | 17
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.
Closing Your Escrow
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 OR SIGNING APPOINTMENT
DON'T FORGET YOUR IDENTIFICATION
WHAT HAPPENS NEXT?
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.
*For purposes of the Closing Disclosure“business day” is defined as every day except Sundays and Federal legal holidays.
THE CLOSING DISCLOSURE
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.
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.
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.
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."
ReviewDAY:thehouse
Contact utility companies Set utility turnoff date, seek refunds and deposits and notify them of your new address.
Planning your move
Create an inventory sheet of items to move.
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.
SIX WEEKS BEFORE:
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.
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.
Protect jewelry and valuables. Transfer jewelry and valuables to safety deposit box so they can not be lost or stolen during 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!
AZ Sellers Guide | 18
Scan your furniture. Check furniture for scratches and dents before so you can compare notes with your mover on moving day.
FOUR WEEKS BEFORE:
. 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.
ONE WEEK BEFORE:
Vacate your home. Make sure utilities are off, doors and windows are locked and notify your real estate agent you’ve left the property.
Cancel services. Notify any remaining service providers (newspapers, lawn services, etc) of 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.
Changing Schools. If changing schools, contact new school for registration process.
Note food inventory levels Check your cupboards, refrigerator and freezer to use up as much of your perishable food as possible.
Service automobiles If automobiles will be driven long distances, you’ll want to have them serviced for a trouble-free drive.
Borrowed and rented items. Return items which you may have borrowed or rented. Collect items borrowed to others.
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.
Prepare Floor Plan. Prepare floor plan for your new home. This will help avoid confusion for you and your movers.
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.
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.
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.
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.
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.
MOVING
Your Notes:
AZ Sellers Guide | 19
Your Notes:
AZ Sellers Guide | 20
Your Notes:
AZ Sellers Guide | 21
N of Meeker Blvd
NE Corner of Camelback/32nd Street
SW Corner Chandler Blvd./ Dobson Rd.
E Side Scottsdale/S of Lincoln
8 CAREFREE 7202480.575.6609E.Carefree Dr , Bldg 1, #1 Carefree, AZ 85377
E side 67th Ave/N of 101
17 GOLD CANYON 6877480.288.0883SouthKings Ranch Rd., #5 Gold Canyon, AZ 85118 E of South60/Side Kings Ranch Rd.
6 BILTMORE 3200602.954.3644ECamelback Rd., #123 Phoenix, AZ 85018
5 ANTHEM 39508623.551.3265N.Daisy Mountain Dr., #128 Anthem, AZ 85086
4 THE LEGENDS
14648480.948.6488NScottsdale Rd., Ste. #100 Scottsdale, AZ 85254
SE corner of Pima/Legacy
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
10 SCOTTSDALE FORUM 6263480.551.0480N.Scottsdale Rd., #110 Scottsdale, AZ 85250
SW corner Chandler/45th St.
11 DC CROSSING 18291480.563.9034N.Pima Rd , #145 Scottsdale, AZ 85255
20241623.537.1608N.67th Ave , #A-2 Glendale, AZ 85308
13940623.299.3644W.Meeker Blvd., #119
NW corner of McDowell & Litchfield
3 ARROWHEAD
N of Shea, E side of Tatum
2 GOODYEAR
Sun City West, AZ 85375
1 SUN CITY WES T
NE corner of Tom Darlington/ Carefree Dr.
12 AHWATUKEE 4435480.753.4424E.Chandler Blvd , #100 Phoenix, AZ 85048
W of R.H. Johnson
14 GILBERT SAN TAN 1528480.777.0614E.Williams Field Rd., #101 Gilbert, AZ 85295
15 MESA 1630480.401.3738S.Stapley Dr., #123 Mesa, AZ 85204
9 KIERLAND COMMONS
N of Baseline / W of Stapley
1626623.936.8001N.Litchfield Rd. Ste. #170 Goodyear, AZ 85395
S of Bell/E side of 83rd Ave
16165623.487.0404N.83rd Ave , #100 Peoria, AZ 85382
16 RED MOUNTAIN 1135480.534.3599N.Recker Rd., #103 Mesa, AZ 85205
NE corner Daisy Mtn Dr/ Gavilan Peak Pkwy
SE corner of Recker & Brown
NW corner of Williams Field Rd./ Val Vista Rd.
7 TATUM RIDGE 480.515 4369 11211 N Tatum Blvd, #A150 Phoenix, AZ 85028
W of Scottsdale Road, S side of Greenway
13 CHANDLER PORTICO 2121480.777.0051W.Chandler Blvd., #215 Chandler, AZ 85224
AZ Sellers Guide | 22
SNANDARIORD
3 CAMBRIC 520.577.8707 | Fax 520.529.5034 1840 E. River Rd., Ste. 200 Tucson, AZ 85718
W VALENC A RD
W IRV
E
STrekellRd
ESsancaDr
dRhRiGWarcaanc Road424
NBarkervilleRd W Fort Lowe Rd dSPNumpationR E Nona Rd Ch efButteRd LovettaRd E Hanna Rd TecoloteRanchRd FlorenceRdRomeroRd Con nenta Ave BIA 30 NTricoRd SSunandGnRd SCattleTankRd E E s Rd E Hotts Rd E Nutt Rd Evalyn Rd SOwlHeadRanchRdGasLineRd PSecanRd I on Va ey RdEDeepWellRanchRd SNighSkySt SBadyPumpRdE Houser Rd E Ar ca Rd W Ea ey Rd NTrcoRd W Baya d Rd dRSSandario WillowSpringsRd EHelmwheel Ranch Rd N Dove Mounta n Blvd BIA-35 dRhRiGWarcaanc E Dese H s Rd WRagged Top Rd W Pima Mine Rd WSilverbellRdS E Edw n Rd BIA34 SGuildRd 80 NKINNEYRD SPICACHOHWYE GREENE RESERVOIR RD SSUNLANDGINRD W BATTAGLIA DR AZ-84 E BAUMGARTNER RD SSUNSHINEBLVD SNANDARIORDNANWAYRD E HARMON RD W VALENCIA RD E RODEO RD W MOORE RD W INA RD ESN1TAV E SUNRISE DR E SNYDER RDNSILVERBELLRD TRSNOLDIERLE RIVER RDE PRINCE RD E SPEEDWAY BLVD SFREEMANRDE 22ND ST E 22ND ST W IRV NGTON RD SNOGALESHWY W VALENC A 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 SAHUAR TA RD W HARMON RD W MCCARTNEY RD NTRICORD OSSANDARRD PARK LINK DR GUOSHHTONRD ADDR E MART N RD STHORNTONRD W HELMET PEAK RD SCHUICHURD WAJOHWY RNASNWD RDKOLBS SHOUGHTONRD W TANGER NE RD E GRANT RD SHOUGHTONRD NPINALAVE 95 WAJOHWY E VALENCIA RD NORACLERD I10 I-19 I8 77 77 79 77 77 87 86 86 387 287 86 10 19 8 10 10 10 La Palma Chuichu Arizona City Corona de Tucson AdobesCasas Catalina OracleDudleyvilleGrandeCasa Picture Rocks Three Points VailSummit TanqueVerde Eloy SahuaritaTucson Cactus Forest Picacho Red Rock Saddlebrooke Marana Oro Valley HaivanaNakya Rillito SummerhavenWillow Canyon Randolph Toltec Oracle Junction Cortaro Schuchk Littletown 2 4 385 9 10 11 13 12 6 1 AIRPORTINT'LTUCSON Air Force WSilverbellRd SSantaRitaRd NMtLemmon Hwy W Avra Valley Rd guirreRd dRkLNucet dRWNenzNWatermanMountainRd RdAnwayN W El Tiro Rd NTricoRd W Tucke Rd W Rudas Rd W Manv e Rd SSanJoaquinRdWBopp Rd W Snyder H RddRlSMarsear W Park Rd W Hermans RdW He mans Rd W Guy St W Bush Rd SGarveyRd eaCNlRnconado SWmoRd SShawRd SSierritaMountainRd SKobRdW TwinButtes Rd W Mcgee Ranch Rd BNearCanyonRdW E Cam no De Cerro E Fairmount St SSwanRd NFrontageRd W Emigh Rd W Fort Lowel Rd dSPNumptationR NNTricoRdTcoRd W Baya d Rd dRSSandaro N Dove Mountain Blvd SHelvetiaRd
E SUNRISE DR E SNYDER RDNSILVERBELLRD TRSNOLDIERLE RIVER RDE PRINCE RD E SPEEDWAY BLVD SFREEMANRDE 22ND ST E 22ND ST W IRVINGTON RD SNOGALESHWY W VALENCIA RDSMISSIONRDWSPEEDWAY BLVD SOLDSPANISHTRL W NARANJA DR W TWIN PEAKS RD W PICTURE 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-10 I-19 77 77 86 86 286 19 10 10 Corona de Tucson AdobesCasas Catalina Green Valley Picture Rocks Three Points VailSummit TanqueVerde SahuaritaTucson Saddlebrooke Marana Oro Valley Rillito SummerhavenWillow Canyon Oracle Junction Cortaro Continental Littletown 2 3758 9 10 11 13 12 6 1 SouthernArizona First American Title Branch Locator AIRPORTINT'LTUCSON Air Force FreemanRd WSilverbellRd NMtLemmon Hwy ESascoRd NF38 W Avra Val ey Rd WSCuryRdHanna Rd E Grand Va ey D W Houser Rd W Ph ps Rd E Co nman Rd NAguirreRd dRkLNucet dRWNentzNWatermanMountainRd RdAnwayN W El Tiro Rd NTricoRd W Tucke Rd W Rudas Rd W Manv e Rd SSanJoaquinRdWBopp Rd W Snyde H RddRlSMarsear W Pa k Rd W He mans RdW Hermans Rd W Guy St W Bush Rd SGaveyRd eaCNllRinconado SWimotRd SShawRd SSierritaMountainRd boRdRd W Woodru Rd ONveriedRd W Rando ph Rd W BartlettNRdLaPamaRdNTweedyRd E Randolph Rd W Kleck Rd E K eck Rd
6 FOOTHILLS 520.299.4606 | Fax 520.577.6993 6262 N Swan Road, Suite 205 Tucson, AZ 85718
dSPNumptationR Cont nental Ave NTricoRd SOwlHeadGasLineRd NTricoRd
520.885.1600 | Fax 520.885.2309 6390 E. Tanque Verde Rd. Tucson, AZ 85715
AIRPORTINT'LTUCSON Rd
E
W INA RD
S
12 SKYLINE 520.529.0506 | Fax 520.529.8998 2890 E. Skyline Dr., Ste. 200 Tucson, AZ 85718
1 MAIN OFFICE
520.575.1900 | Fax 520.432.0168 6760 N. Oracle Rd., Ste. 100B Tucson, AZ 85704
W
W Rd
W E Cam no De Cerro Fairmount St
GoffRanchRd
WAnamax Mine Rd
dRhRiGWacaanc
NKINNEYRD
WRagged Ruby S a Dr RanchRd Pima Mine Rd
E M
SNANDARIORDNANWAYRD
SHennessRd Selma Hwy Co nman Rd
A
BNearCanyonRd
ed Top Rd W
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
SLambRd
ESN1TAV
W Bayard Rd
dRSSandaro N Dove Mountain Blvd
520.229.9194 | 520.297.2576 Fax 520.229.9210 | 520.742.5866 8500 N. Oracle Rd., Ste 100 Oro Valley, AZ 85704
E Edw n Rd
W VALENCIA RD
SLaPalmaRd
7 GREEN VALLEY 520.625.1095 | Fax 520.958.9663 190 W. Continental Rd., Ste. 226 Green Valley, AZ 85622
5 CASAS ADOBES
W MOORE RD
E Hemlock Dr
NFrontageRd Emigh Rd
NSILVERBELLRD E RIVER RDE PRINCE RD
W
W es Curtis Rd
W Se ma Hwy
ellRdS Mcgee RanchRd 80
EDesertDove
Dr E
S
W INA RD ESN1TAV SUNR SE DR E SNYDER RD
8 ORO VALLEY/LA CANADA 520.877.9200 | Fax 520.202.6348 11165 N. La Canada Dr., Ste. 143 Oro Valley, AZ 85737
2 BROADWAY 520.747.1644 | Fax 520.747.1403
E M gan Rd gan Rd
E
3777 E. Broadway Blvd., Ste. 220 Tucson, AZ 85716
WBritten
SSwanRd
Air Force WSilverbellRd SSantaRitaRd NMtLemmon Hwy ESascoRd W Avra Valley Rd E G and Va ey DrNAguirreRd dRkLNucet dRWNentzNWatermanMountainRd RdAnwayN W El Tiro Rd NTricoRd W Tucke Rd W Rudasi Rd W Manv l e Rd SSanJoaquinRdWBopp Rd W Snyder H RddRSMarstear W Park Rd W Hermans RdW He mans Rd W Guy St W Bush Rd SGarveyRd eaCNlRinconado SWimotRd SShawRd SSierritaMountainRd SKobRdW Tw nButtes Rd W Mcgee Ranch Rd ESstanca BNearCanyonRdW E Cam no De Cerro E Fairmount St SSwanRd NFrontageRd W Emigh Rd W Fort Lowe
SHelvetiaRd
9 ORO VALLEY/ORACLE
W
E SPEEDWAY BLVD SFREEMANRDE 22ND ST E 22ND ST
WAnamax M ne Rd Road424 Ruby S ar D WBritten RanchRd Pima Mine Rd Mcgee RanchRd 80
W MOORE RD
NANWAYRD
W
4 CASA GRANDE 520.426.4600 | Fax 520.426.4699 421 E. Cottonwood Ln. Casa Grande, AZ 85122
10 RITA ROAD 520.618.7790 | Fax 520.901.1720 10222 East Rita Rd., Ste. 190 Tucson, AZ 85747
11 RIVER 520.529.1944 | Fax 520.615.2945 1650 E. River Rd., Ste. 105 Tucson, AZ 85718
13 TANQUE VERDE 520.202.2626 | Fax 520.495.6151 7479 E. Tanque Verde Tucson, AZ 85715
HearthRd
TRSNOLDIERL
NKINNEYRD
Top Rd W
Pretzer
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