Subject Property 762 SW Windrose Ter, Beaverton OR 97003
County Name: Washington
APN / Parcel Number: R2158739
Current Ownership: Rawal Chawla Family Trust
Site Address: 762 SW Windrose Ter, Beaverton OR 97003
Mail Address: 762 SW Windrose Ter, Beaverton OR 97003
*Owner Occupied
Tract / Subdivision: / Windrose
Census Tract / Block: 031614 / 3000
Lot / Block: 70
Twn / Rng / Sec / Qtr: 01S / 02W / 02 / NE
Brief Legal Description: WINDROSE, LOT 70,
Sale Information
Sale Recording Date: 04/27/2012
Property Characteristics
Beds: 3
Baths: 3
Garage: Attached GarageFoundation:01
School District: Hillsboro
Watershed: Rock Creek-Tualatin River
Property Details
APN: R2158739
Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report
Parcel ID: R2158739
Parcel ID: R2158739
SiteAddress: 762 SW Windrose Ter
Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report
Parcel ID: R2158739
SiteAddress: 762 SW Windrose Ter
Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report
Middle School: R A Brown Middle School High School: Century High School Primary School
1. Tobias Elementary School
Address: 1065 Sw 206Th Ave
District: Hillsboro Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
2. R A Brown Middle School
Title 1: 6-Not a Title I school
Distance: 0.15 mile(s)
Type: 1-Regular school
Students: 411
Grade Levels: Kindergarten - 6th Grade
Male / Female: 223 / 187 Distance: 0.69 mile(s)
Address: 1505 Sw Cornelius Pass Rd
District: Hillsboro Sd 1J
Charter: No Magnet:
Title 1 Elig: 2-No
3. Century High School
Type: 1-Regular school
Students: 722
Title 1: 6-Not a Title I school Grade Levels: 7th Grade - 8th Grade
Male / Female: 397 / 321 Distance: 1.40 mile(s)
Address: 2000 Se Century Blvd District: Hillsboro Sd 1J
Charter: No
Title 1 Elig: 2-No
Male / Female: 843 / 693
Title 1: 6-Not a Title I school
Type: 1-Regular school
Students: 1,551
Grade Levels: 9th Grade - 12th Grade
Scan QR Code for CC&Rs
CC&Rs: Windrose
Steps in a Real Estate Transaction
Compliments of Lawyers Title
What is an Escrow?
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 they are 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 receipt of a mutual Earnest Money Agreement, Escrow will order a preliminary title report which is sent to interested parties involved in the transaction. The report will detail the current condition of the title to the property.
• Clears any liens or encumbrances against the property, per written instructions
• Prepares a closing statement for each party showing all credits and debits, including any funds due to close, or refund owed at closing. The escrow agent will schedule appointments for all parties to sign the necessary documents to complete the transaction.
• Returns signed loan documents to the lender to their review and approval.
• Records all necessary documents with the County Recorder's Office
• Disburses funds per written instructions and issues title insurance policies to the proper parties.
1
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 (EMA), with a Buyer.
The Escrow
As part of the EMA, 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.
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?
