Issuu

813 NE Eaglenest Ct Hillsboro, OR 97124

Presented By:

DINA DITEMAN

Broker/RealtorÂŽ | Licensed in Oregon

Oregon Premier Locations 8196 SW Hall Blvd, Suite 108 Beaverton, OR 97008

503.367.1477 Ditemand@gmail.com

Property information provided by:

Chicago Title Company 10151 SE Sunnyside Road, Suite 300 Clackamas, Oregon 97015 Phone: 503.786.3940 Fax: 866.892.3853 E-mail: trios@ctt.com

METROSCAN PROPERTY PROFILE Washington (OR) OWNERSHIP INFORMATION Owner CoOwner Site Address Mail Address Telephone

: Isakharov : Isakharov Arthur Te : 813 NE Eaglenest Ct Hillsboro 97124 : 813 NE Eaglenest Ct Hillsboro Or 97124 :

Parcel Number : R2025820 Ref Parcel # : 1N230AC 05200 T: 01N R: 02W S: 30 Q: NE QQ: SW Bldg # 1 Of 1

SALES INFORMATION Transfer Date Sale Price % Owned Prior Transfer Date Prior Sales Price

: 07/23/2015 : : 100 : 02/25/2004 : $271,000

Document # Deed Type Vesting Type Prior Document #

PROPERTY DESCRIPTION Map Page Grid : Census Tract : 326.10 Block: 1 Neighborhood : SNRS School District : Hillsboro Subdivision/Plat: Ashbury Park Class Code : Single Family Res Land Use : 1010 Res,Improved Legal : ASBURY PARK, LOT 10, ACRES .18 : :

: 61608 : Warranty : Trust\trustee : 17928

ASSESSMENT AND TAX INFORMATION Mkt Land Mkt Structure Mkt Total %Improved M50 Total Levy Code 19-20 Taxes Millage Rate

: $181,970 : $328,110 : $510,080 : 64 : $311,020 : 00701 : $5,342.69 : 16.9367

PROPERTY CHARACTERISTICS Bedrooms : 3 Bathrooms : 3.00 HeatMethod: Comb Htg\cool Pool : Appliances : Yes Dishwasher : Hood Fan : Deck : GarageType: Multiple Garage SF :

Lot Acres : .18 Lot SqFt : 7,841 BsmFin SF : BsmUnfinSF: Bldg SqFt : 2,300 1stFlrSF : 1,070 UpperFlSF : 1,230 Porch SqFt : Attic SqFt : Deck SqFt :

Year Built : 1994 EffYearBlt : 1994 Floor Cover : Wood Foundation : Concrete Ftg Roof Shape : Hip Roof Matl : Comp Shingle InteriorMat : Drywall Paving Matl : Concrete Ext Finish : Wood Std Shtg Const Type : Wd Stud\shtg

This title information has been furnished, without charge, in conformance with the guidelines approved by the State of Oregon Insurance Commissioner. The Insurance Division cautions intermediaries that this service is designed to benefit the ultimate insureds. Indiscriminate use only benefiting intermediaries will not be permitted. Said services may be discontinued. No liability is assumed for any errors in this report. Information is deemed reliable but not guaranteed

Property

Owner

Property Address

2021 In Process Real Market Value

$534,650

R2025820 ISAKHAROV LIVING TRUST 813 NE EAGLENEST CT, HILLSBORO, OR 97124 2021 GENERAL INFORMATION

RELATED PROPERTIES

Property Status

Linked Properties

Property Group ID

Grouped Properties

Split / Merge Date

SNRS SUNRISE LANE/JONES FARM

Split / Merge Accounts

Map Number

1N230AC05200

Split / Merge Message

Property Use

1010: RESIDENTIAL IMPROVED

Property Type Legal Description Alternate Account Number Neighborhood

Levy Code Area

A Active Residential ASBURY PARK, LOT 10, ACRES 0.18 -

007.01

2021 OWNER INFORMATION Owner Name Mailing Address

ISAKHAROV LIVING TRUST 760 NE BRENNAN LN HILLSBORO, OR 97124

2021 IMPROVEMENTS

Expand/Collapse All

Improvement #1

Improvement Type

Beds / Baths

Single-Family Residence

3/3

2021 LAND SEGMENTS STATE CODE

SEGMENT TYPE

LAND SIZE

01: SGL FAM IMP HS

0.00 acres

CERTIFIED / IN PROCESS VALUES YEAR

IMPROVEMENTS

LAND

RMV

SPECIAL USE

ASSESSED VALUE

2021 (In Process)

$355,780

$178,870

$534,650

$329,960

2020

$357,810

$178,870

$536,680

$320,350

SALES HISTORY SALE DATE

SELLER

BUYER

INST #

SALE PRICE

INST TYPE

ISAKHAROV, ARTHUR R & SVETLANA

ISAKHAROV LIVING TRUST

2015061608

2/20/2004

GINN, ROBERT E & BONNIE S

ISAKHAROV, ARTHUR R & SVETLANA

2004017928

$271,000

11/22/1994

PRIMA DONNA DEVELOPMENT

GINN, ROBERT E & BONNIE S

1994110250

$166,000

4/7/1994

ASBURY PARK CORPORATION

PRIMA DONNA DEVELOPMENT

1994034269

6/10/1993

ASBURY PARK CORPORATION

1993048841

TOTAL TAXES DUE

â€¢ If applicable, the described property is receiving special valuation based upon its use. Additional rollback taxes which may become due based on the provisions of the special valuation are not indicated in this listing.

TAX SUMMARY TAXYEAR

Effective Date:

TOTAL

SPECIAL

BILLED

VALOREM

ASMT

PRINCIPAL

INTEREST

2/10/2021

Details

DATE

TOTAL

PAID

OWED

2020

$5,500.99

$0.00

2019

$5,342.69

$0.00

2018

$5,114.40

$0.00

2017

$4,928.87

$0.00

2016

$4,793.92

$0.00

2015

$4,600.65

$0.00

2014

$4,574.71

$0.00

Current Year Due

$0.00

Past Years Due

$0.00

Total Due

$0.00

2013

$4,475.49

$0.00

2012

$4,337.15

$0.00

$4,337.15

$0.00

2011

$4,180.30

$0.00

$4,180.30

$0.00

2010

$4,126.41

$0.00

$4,126.41

$0.00

2009

$3,983.77

$0.00

$3,983.77

$0.00

2008

$3,766.19

$0.00

$3,766.19

$0.00

2007

$3,749.65

$0.00

$3,749.65

$0.00

TAXYEAR

RECEIPT NUMBER

TRANSACTION DATE

PAYMENT AMOUNT

2020

WASH-2020-195615

11-19-2020

$5,525.44

2020

WASH-2020-69685

11-17-2020

($5,335.96)

2020

WASH-2020-69685

11-12-2020

$5,335.96

2019

5997179

11-5-2019

$5,182.41

2018

5795851

10-31-2018

$4,960.97

2017

5712127

11-17-2017

$4,781.00

2016

5396648

11-10-2016

$4,650.10

2015

5138402

10-28-2015

$4,462.63

2014

4940699

11-4-2014

$4,437.47

2013

4727436

11-7-2013

$4,341.23

2012

4518821

11-5-2012

$4,207.04

2011

4268904

10-27-2011

$4,054.89

2010

4140247

11-12-2010

$4,002.62

2009

3853683

11-6-2009

$3,864.26

2008

3621913

11-5-2008

$3,653.20

2007

3447032

11-14-2007

$3,637.16

Map No. 1N230AC 05200 CHICAGO TITLE COMPANY 10151 S.E. SUNNYSIDE ROAD Suite 300 CLACKAMAS, OREGON 97015 This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

< Street Map

Aerial Map >

This map/plat is being furnished as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company does not insure dimensions, distances, location of easements, acreage or other matters shown thereon.

Tri-Met Public Transportation: 1-800-238-RIDE (7344) / www.trimet.org Information obtained from internet resources & deemed reliable, but not guaranteed.

District Information: Hillsboro School District www.hsd.k12.or.us 503-844-1500

Assigned Schools: Jackson Elementary School Evergreen Jr High School Glencoe High School

Informative Links: Child Care Resources Multnomah County: https://ccrr-mc.org/

Clackamas County: https://www.clackesd.org/what-we-do/for-students-and-families/clackccrr/

Washington County:

https://caowash.org/programs/early-childhood-development/ccrr/educators/childcare-providers.html

School Resources Oregon Department of Education School Report Cards http://www.ode.state.or.us/data/reportcard.aspx

Oregon Dept. of Education List of Registered Private Schools https://www.oregon.gov/ode/learning-options/schooltypes/private/Pages/ Information obtained from internet resources & deemed reliable, but not guaranteed.

!"#$%$& '(!) * #!

+58 3 ,-./ 0. 11. /2 3/2 455 6863 567 5 82 1 9:; 54:9<595=>5? @AB96 396595 C396 ?96 396395 C3968 DEF6 35 6 8 G"HIJKLMNOP)! L%$'Q !ORQ SL# !T &QU$! 96 396 ,VW :38F735 ,!XW

L Q !

96 396 ,YW :38F735 ,VVW

Z# SL['Q !L%$'Q ! 96 396 ,\W :38F735 ,]W

NQ ^ Q S_ &Q !

96 396 ,V`W :38F735 ,]W

Ha#&Q' Q #!

96 396 ,BW :38F735 ,]W

T &QU$!N b QQ SM Q[Q !O # R$'! 96 396 ,cVW :38F735 ,]W

4:=E ;e: E4 :73f6.f.+ 89F3ghijjklmnolpqrstqhslutjvqkwrlswkklmlrsjtxlmyjzsl{tw|jn}rlrhijjkrlmnoloqrstqhsr~l iqrl xwmt}rlutjvqkwrlojlnjslqnhkzowlrsmswÂ€qowlmrrwrrÂ wnsrlomsmÂ‚lhkmrrlrqÂƒwlomsmÂ‚ljtlmsswnomnhwlomsmlmrlml 53 6 D67393F3

85Â„ 68634 3 F7 F 53 89 673 CÂ… 3C39686 9 D 689F3Â†3859 9Â‡D 5f Âˆ iwlutjvqkwrlutwrwnslmkklmÂ‰mqkmykwlomsmlnjslqÂ umhswolyxlsiwlrsmsw}rltwrujnrwlsjlÂŠ{Â‹ÂŒp. 8Âˆ K"Â?ÂŽOK"G!Â?LPPOTLÂ?OIT)! Â‘VW IÂŽK!)Â?LÂ’Â’!Â“KIÂŽTG"G!Â’Â?"Â”! ! \X:38F735

VA5 F86 98 8

6896

Ve 9 3 5 Â•Â– Â„F7 Â‡ 6

Â‘XWf 358Â‡3:38F735536396 95863 `VW D F39 3 638F735 4 67C 5367890Â„385 D3Â—Â…35 39F3 T ,98C3Â…5 9F Â…8 D 5673 8 60Â„385 Â˜

d*Q&$!

96 396 ,Y@W! :38F735 ,`YW! !

9F7 43 63, F7 Âˆ7 ÂˆÂ™ Âˆ 5Âˆ Â•Âš8FÂ™ 9Â•7 C3Â•68 Â•11 Â• 3D8 6Âˆ8 Â…Â— 2 5C 53 9D 5C86 9Â… 38 3 6,444Âˆ 53Â‡ 9ÂˆÂ‡ Â• 3Â•53Â… 56 .89 . 868Â•393 C F98D36Â„,444Âˆ 53Â‡ 9Â‡3 Â‡Â„Âˆ 5Â‡Â• Â•Â…5 Âš3F6 Â•5 Â•8F6 6Â„. Â… 863 Â• 686 Âˆ76C 1234356789 6 396 5 868 98 8 8 3 9 6 6 6 9

!" # $%#&&'

(58 3 ) *+ , -*+..* . /0 +, 123 35453395 67 5 0. 89: 319823835;3< =>?86 396395 @396 <86 396395 @3968 ABC6 35 60 D EFGHIJ!KL$ IM "%N K O"N PI'NQRN SNT" 86 396 )UVW 938C735 ) XW

IQ"N

86 396 )YW 938C735 )YW

Z'N%RPI[ "%N IM "%N 86 396 )YW 938C735 )YW

!"Q\N "%P]NT" &

86 396 )^VW 938C735 )_W

E`'T" N%"N'

86 396 )_W 938C735 )XW

SNT" !NaN""N PJN%"["% KQ'N O 86 396 )VW 938C735 )XW

195B :d9 B1 973e6*e*( 89C3fghiijklmnkopqrspgrktsiupjvqkrvjjklkqriswklxiyrkzsv{im|qkqghiijqklmnknpqrspgrq}k~hpqk wvls|qktsiupjvqknikmirkpmgjynvkqrlrv pnvklqqvqqÂ€vmrqknlrlÂ kgjlqqkqpÂ‚vknlrlÂ kisklrrvmnlmgvknlrlklqklk 53 6 A67393C3

85Âƒ 68634 3 C7 C 53 89 673 @Â„ 3@39686 9 A 689C3Â…3859 94A 5e Â† ~hvktsiupjvqktsvqvmrkljjklÂ‡lpjlxjvknlrlkmirkpÂ€tlgrvnkxwkrhvkqrlrv|qksvqtimqvkrikÂˆzÂ‰ÂŠo* Â† H Â‹ÂŒKH D Â?ILLKSIÂŽKFS$ cÂ?W FÂŒH $ÂŽIÂ?Â? Â‘HFÂŒSD D Â?ÂŽ Â’ YV938C735

V?3 C86 98 8

6896

Yd 9 3 5 Â“Â” ÂƒC7 4 6

>Â?We 35843938C735536396 95863 >>W A C39 3 638C735 4 67@ 536789-Âƒ385 A3Â•Â„35 39C3 Â– Q)88@3Â„5 9C Â„8 A 5673 8 6-Âƒ385 Â—

b#"T

86 396 )^=W 938C735 )cXW

8C7 43 63) C7 Â†7 Â†Â˜ 0Â† 5Â† Â“3 3545339Â“7 @3Â“68 Â“ ,Â“ 3A8 6Â†8 Â„Â• 2 5@ 53 9A 5@86 9Â„ 38 3 6)444Â† 534 9Â†4 Â“ 3Â“53Â„ 56 *89 * 868Â“/83 @ C88A36Âƒ)444Â† 534 943 4ÂƒÂ† 54Â“ Â“Â„5 Â™3C6 Â“5 Â“8C6 6Âƒ* Â„ 863 Â“ 686 Â†76@ 1234356789 6 396 5 868 98 8 8 3 9 6 6 6 9

!"# $ #

%58 3 &'( ) *(+,,( ' - . /0% 391 32 34 5 '. , 567 8/650858298: /62B 7h6 B/ ;<=>?56 396895 @396 673i6(i(jklmnopqnrsskplmtpuvwxyvnxpzys{vkowpxokkplpwxsy|pl}s~xp yoÂ€smÂ wpwnrsskwplmtptvwxyvnxwÂ‚pÂƒrvwp :56 396395 @3968 AB16 35 3 ' |olyÂ wpzys{vkowptspmsxpvmnk~topwxlxoÂ„vtoplwwowwÂ…omxwptlxlÂ†pnklwwpwvÂ‡optlxlÂ†psyplxxomtlmnoptlxlplwplp CDEF GHI JK$ 53 6 A6739313

85Âˆ 68634 3 17 1 53 89 673 @Â‰ 3@39686 9 A 68913ÂŠ3859 9Â‹A 5 HL M! N J O!N PH NQRN SNT!U ÂŒkkÂ‚pÂƒropzys{vkowpzyowomxplkkplÂ?lvkl}koptlxlpmsxpvÂ…zlnxotp}|pxropwxlxoÂ wpyowzsmwopxspÂŽ Â?Â?u( ' 56 396 &;V 6381735 &WV ihi 8Â‘ h57hh855 HQ!N 56 396 &=V FSÂ’gJED GHCeHgJFS 6381735 &;V 56 396 3859 9Â‹8 Â‰ @84 67 9A 5Âˆ385 h 7 56 91 3

6 396 47 4353A 5 6(6 @39 967 X N RPHYM! N HL M! N Â‹58 35 9 )( Â“Â‹58 86 9Â‹ 9 +( ' 56 396 &ZV 6381735 &[V 517 &>Â”V 65 16&>Â”V B53Â‹ 9i 358Â‹3&>[V !Q\N ! P]NT! 56 396 &W^V Â•JfDÂ’Â–DHG KFEI]DgJFS 6381735 &?V 56 396 3859 9Â‹87 Â‹7 17 Â‰ @8 5%8 4 67 9A 3Âˆ385 E_ T!MN !N 56 396 &=V 517 &?WV 65 16&?;V B53Â‹ 9i 358Â‹3&>Â”V 6381735 &;V SNT!U N`N!!N PIN !Y! JQ N O M B7256i22Â—2B7/ 8 268Â˜ 56 396 &a;V Â”; 6381735

6381735 &[V ;^8 186 98 8

6896

b#!T Â” h 9 3 5 Â™Âš Âˆ17 Â‹ 6

56 396 &c;V >?V i 358Â‹36381735536396 95863 6381735 &>cV >?V A 139 3 6381735 4 67@ 536789*Âˆ385 A3Â›Â‰35 3913 GDdeJGDC fHKKJSHgJFS$ Â– Q& 58@3Â‰5 91 Â‰8 A 5673 8 6*Âˆ385 Âœ ?^V 517 43 63&7 Â? 5 Â™Â‹ 391 3 2 5@ 53 9A 5@86 9Â‰ 38 3 6&444 53Â‹ 9 Â‹ Â™ 3Â™53Â‰ 56 (89 ( 868Â™-53 @ 158A36Âˆ&444 53Â‹ 9Â‹3 Â‹Âˆ 5Â‹Â™ Â™Â‰5 Âž316 Â™5 Â™816 6Âˆ( Â‰ 863 Â™ 686 76@ 1234356789 6 396 5 868 98 8 8 3 9 6 6 6 9

1234563 89 5 662

! "#$ % &'(!! )$ $ *+,-*./0 *" ,(1 2 3($" " 4(5 6 -$17! 3($" 3 7 3 )8 32 "39 $27: ;<=>?@A 1BCDEC>?;< _?`A=aACB \;@bcA>?;< F1 (# "G" ( "HF! I 3(5 :::::::::::::::::::::::::::::::::::::::::::::::::::::::::J F1 (# "G" ( "HF! I 3(5 :::::::::::::::::::::::::::::::::::::::::::::::::::::::::J F ( " ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::KLMN F ( " ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::LXN O! #IHFP (# "F1 (# " :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::J O! #IHFP (# "F1 (# " :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::J '( 7 "(#HQ 3("$ :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RSN '( 7 "(#HQ 3("$ :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RTN .2!3( #( ! ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RTN .2!3( #( ! :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::KLMN 3(5 ' U (( "HV #(P(#G ! " ::::::::::::::::::::::::::::::::::::::::::::::::::::::J 3(5 ' U (( "HV #(P(#G ! " ::::::::::::::::::::::::::::::::::::::::::::::::::::::J W(3 :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::LXN W(3 :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::KLMN 4 H% 2# V (# Q2"#W :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RYN 4 H% 2# V (# Q2"#W ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RLN /5 /"9!( WQ " ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RSN /5 /"9!( WQ " ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::R[N 032 "3 U(3WZ( )(!(3( ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::TLN 032 "3 U(3WZ( )(!(3( ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RLN .(9 "3 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RTN .(9 "3 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::KLMN , ! "3 " (P3 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::KLMN , ! "3 " (P3 ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::KLMN 4 1 ! :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::RRN 4 1 ! :::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::LYN . ! ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::R[N . ! ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::LYN $" O(" 8 \6]94 94 ^X^S=^^ $" O(" 8 \6]94 94 ^X^S=^^

ELECTRICITY Portland General Electric:

800-542-8818

https://portlandgeneral.com

Pacific Power:

888-221-7070

https://www.pacificpower.net

NATURAL GAS NW Natural:

800-422-4012

http://nwnatural.com/

TV / INTERNET / PHONE BUNDLES Comcast / Xfinity

800-934-6489

http://www.xfinity.com

Verizon

800-483-4100

http://www.verizon.com

AllConnect (Compare):

866-224-5506

http://www.allconnect.com/

UNITED STATES POSTAL SERVICE General:

800-ASK-USPS

https://www.usps.com/

Change-of-Address:

800-ASK-USPS

https://moversguide.usps.com

GARBAGE / RECYCLING Hillsboro Garbage Disposal

503-648-4219

WATER SERVICE City of Hillsboro

503-618-2373

SEWER SERVICE Clean Water Services

503-681-3600

CITY RESOURCES http://www.oregoncities.us/

COUNTY RESOURCES http://www.us-counties.com/category/oregon-counties/ Information obtained from internet resources & deemed reliable, but not guaranteed.

Chicago Title’s Escrow staff is professional, proactive and experienced, so you can trust that your transaction is in good hands. Let us handle the details and provide you with the high level of service that you deserve. Please feel free to contact us throughout the transaction with any questions or concerns...we’re here to help!

MOLLY KEARNEY Direct 503-973-7521 Fax 503-645-3457 Molly.Kearney@ctt.com

CHICAGO TITLE SUNSET CORRIDOR 1500 NW Bethany Blvd., Suite 155 Beaverton, OR 97006 Directions

WHAT IS A TITLE SEARCH? A title search describes the condition and quality of the title to the land you are buying. It is a detailed examination of the historical records concerning a property. These records include deeds, court records and many other documents. Its purpose is to verify the seller’s right to transfer ownership and to discover any claims, defects, and other rights or burdens on property. A title search may reveal unpaid taxes, unsatisfied mortgages, judgments against the seller and any unpaid special assessments. It may also reveal any restrictions limiting the use of the land, such as right of way for a road or power line, air rights or an easement for a driveway.

DOES A TITLE SEARCH REVEAL ALL DEFECTS IN TITLE? It may not. For instance, there may be undisclosed heirs; the previous owner may have incorrectly stated his marital status; a prior owner may not have been mentally competent or may have been a minor. There may have been a fraudulent transfer in the past, or a forgery. Confusion due to similar or identical names may have caused someone to overlook a lien, or there may have been errors in the county records such as a wrong indexing. Discovery of any of these defects can arise after you have purchased your home and can jeopardize your rights.

WHAT IS TITLE INSURANCE? Title insurance is your policy of protection against loss if any of the above results in a claim against your ownership. Under the terms of a Chicago Title insurance policy, you are protected against risks and insured against loss. If your title as insured is ever challenged, Chicago Title in accordance with the terms of your policy, assures you of a legal defense and will pay all court costs and related fees. If a loss is sustained, you are protected up to the full amount of your policy.

ARE THERE DIFFERENT TYPES OF TITLE POLICIES? Yes. There are two types of policies, a lender’s policy and an owner’s policy. The lender’s policy protects the lender’s interest in the property as security for the outstanding balance under the buyer’s mortgage. The owner’s policy safeguards the buyer’s investment or equity in the property up to the face amount of the policy.

WHY CLOSE AT CHICAGO TITLE? With all the demands on your time, it makes sense to trust the details of your escrow needs to a leader in the industry. Chicago Title has more than a 150-year tradition of unparalleled quality and the people to give you the expert, dependable service you deserve.

In terms of a real property transaction, it is the delivery by the buyer and seller of legal instruments and money to a third person that completes the transaction in strict accordance with the instructions of the parties. It is the neutral third party that facilitates the payoffs of any outstanding liens, encumbrances, mortgages and unpaid taxes.

WHY USE AN ESCROW? Escrow provides a mechanism to assure safety and convenience in carrying out the provisions of the earnest money agreement or contract. It also assures that the strict body of rules for real property transactions is carefully observed. An escrow placed with Chicago Title provides:  A financially responsible and neutral third party who holds the funds and  documents and makes concurrent delivery of the deed to the buyer and purchase money to the seller at the moment when the terms and conditions of the transaction have been performed.  A clearinghouse for the payment of all liens and other encumbrances.  A trained escrow agent who performs all details in prorating and adjusting accounts between the parties.

WHAT SERVICE DOES AN ESCROW AGENT PERFORM? An escrow agent prepares the necessary instructions from the buyer and seller and receives the necessary documents and funds. They prorate rent, taxes, interest on liens to be assumed, and obtain endorsements of existing fire insurance policies. Escrow agents also clear drafts deposited by the purchaser, obtain title insurance for protection of the buyer, and pay liens and costs authorized by the parties. They are responsible for the recording of all legal documents and disbursement of funds at the closing of the transaction, as well as, furnishing each party a closing statement showing the disposition of funds.

WHO PAYS THE ESCROW FEES? The escrow fee is usually split between the buyer and the seller. This can always be changed by an agreement of the parties.

HOW DO THE PARTIES BENEFIT FROM AN ESCROW? Both parties are assured that the transaction will be properly and promptly closed. The seller will see that title will not pass to the buyer until the purchase price is fully paid, or the seller’s provision as to security for unpaid balances is fulfilled. If the seller intends to use part of the purchase price to satisfy liens, the escrow provides a satisfactory arrangement for paying off the lien holder. The buyer is assured that the funds will not be paid to the seller until the transaction is properly completed. If the buyer needs to use the land as security for a loan to pay part of the purchase price, the escrow guarantees the ender that title is exactly as required, and provides a safe method for delivery of loan proceeds or security documents.

HOW MUCH ARE THE ESCROW FEES? Escrow fees are on a graduated rate schedule based on the full sales price.