BRADLEY J COTRUSTEE JAIMET WILL & SARAH KATHRYN No 09/29/2017 10/23/2017 10/04/2017 2017067680
BRAD J & HEATHER E GARRIGUES BRADLEY J COTRUSTEE No
09/21/2012 09/27/2012 09/26/2012 2012062672 $0.00 236301 S GARRIGUES BRAD J & HEATHER E STURM GARRIGUES BRAD J & HEATHER E No
07/20/2009 07/01/2009 2009047024
J & HEATHER E STURM No 06/30/2009 07/16/2009 07/01/2009 2009047023 $290,000.00 191426 S PILKINGTON GLEN LLC FIRST CHOICE CUSTOM HOMES INC No
PropertyDetails
as of
Detailed Statement
Age Distribution
Area Schools
Assigned School
Primary School: River Grove Elementary School
Middle School: Lakeridge Middle School
High School: Lakeridge High School
Primary School
River Grove Elementary School 2
Middle School
Lakeridge Middle School 1
High School
Lakeridge High School 3
Other School
1. Lakeridge Middle School
Address: 4700 Sw Jean Rd District: Lake Oswego Sd 7J
Charter: No
Title 1 Elig: 2-No
2. River Grove Elementary School
Title 1: 6-Not a Title I school
Distance: 0.40 mile(s)
Type: 1-Regular school
Students: 827
Grade Levels: 6th Grade - 8th Grade
Male / Female: 457 / 367 Distance: 0.50 mile(s)
Address: 5850 Sw Mcewan Rd District: Lake Oswego Sd 7J
Charter: No Magnet:
Title 1 Elig: 1-Yes
Male / Female: 180 / 162
3 Lakeridge High School
Title 1: 5-Title I schoolwide school
Address: 1235 Sw Overlook Dr District: Lake Oswego Sd 7J
Charter: No
Title 1 Elig: 2-No
Male / Female: 621 / 561
Title 1: 6-Not a Title I school
Type: 1-Regular school
Students: 342
Grade Levels: Kindergarten - 5th Grade
Distance: 1 96 mile(s)
Type: 1-Regular school
Students: 1,198
Grade Levels: 9th Grade - 12th Grade
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.
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.
STEPS IN A REAL ESTATE TRANSACTION
1
What is an Escrow?
THE LISTING AGREEMENT
The property owner (Seller) initiates a contract, or a listing agreement, with a licensed Real Estate Agent.
2
THE SALE
Property owner (Seller) enters into a purchase contract, typically referred to as an Earnest Money Agreement, with a Buyer.
3
ESCROW
As part of the purchase contract, Seller agrees to purchase a title insurance policy for the Buyer and both agree to close the transaction with a licensed escrow company. In Oregon, most title insurance companies also offer escrow services to facilitate a convenient “one-stop” approach to closing real estate transactions.
An escrow is a neutral third party depository for legal documents and funds necessary to complete a real estate transaction. The escrow agent will disburse funds and record documents for the proper recipients according to their written instructions.
What title insurance and escrow costs are incurred in a real estate sale?
The fee for escrow services is based on the sales price of the property. This fee is typically split equally between the Seller and Buyer. However, Buyers should check with their lenders if financing is involved because some federally insured lending programs do not allow borrowers to pay this fee. The Seller typically pays for a standard owner’s policy of title insurance which names the Buyer as the insured. Charges for this policy are based on the sales price of the property. The Buyer typically pays for a lender’s policy of title insurance and any required endorsements if s/he is obtaining a new loan to purchase the property. Charges for this policy are based on the loan amount.
What services does an escrow agent perform on behalf of the Seller and Buyer?
• Upon opening of escrow, escrow agent will order a preliminary title report, which will be sent to all interested parties involved in the transaction. The report will detail the current ownership, liens and encumbrances of the property.
• Closing statements will be prepared for each party, showing all credits and debits. The escrow agent will schedule appointments for all parties to sign their final necessary documents, including any funds needed to be deposited, to complete the transaction.
• Signed loan documents are returned to the Lender, for final review and funding approval.
• Recordable documents are released to the County Clerk’s office for recording.
• Once recorded, all funds are disbursed per written instructions.
• Final title policies are issued to the insured parties.
FROM PENDING TO SOLD
™
ESCROW FLOW CHART
Receive and review Earnest Money Agreement and Broker’s instructions.
Open escrow. Order title report.
Determine financing.
Information gathering from Buyer and Seller.
Receive title report. Send copies to all parties in the transaction.
Resolve any title issues. Order any payoff demands.
Review file. Are conditions satisfied? Contingencies removed?
Prepare closing statement, closing instructions and transfer deed
Obtain signatures on all escrow and loan documents. Collect any funds due from Buyer and/or Seller
Record applicable documents with the County Recorder's office.
Close file. Prepare final statements. Disburse funds.
Forward final documents to all interested parties - Buyer, Seller, Real Estate Agents, Lender, Broker, Attorney, etc.
NEW LOAN
Notify Escrow with name of new lender and loan officer.
Send title report to lender.
Notification of final loan approval. Are repairs complete?
