Carissa Runberg
County Name: Multnomah
APN / Parcel Number: R290977
Current Ownership: Lila J Obanion Rev Trust
Site Address: 9907 SW 55th Ave, Portland OR 97219
Mail Address: 9907 SW 55th Ave, Portland OR 97219 *Owner Occupied
Tract / Subdivision: / Tualatin Hts Census Tract / Block: 006501 / 2013
Property Characteristics
ParcelID:R290977
SentryDynamics,Inc anditscustomersmakenorepresentations,warrantiesor conditions,expressorimplied,astotheaccuracyorcompletenessofinformation containedinthisreport
ParcelID:R290977
SiteAddress:9907SW55thAve
SentryDynamics,Inc anditscustomersmakenorepresentations,warrantiesor conditions,expressorimplied,astotheaccuracyorcompletenessofinformation containedinthisreport
ParcelID:R290977
SiteAddress:9907SW55thAve
SentryDynamics,Inc anditscustomersmakenorepresentations,warrantiesor conditions,expressorimplied,astotheaccuracyorcompletenessofinformation containedinthisreport
GENERALINFORMATION
Property Status AActive
Property Type RPResidential
Legal Description TUALATINHTS,BLOCK1,LOT4
Alternate Account Number R844900070
Neighborhood RB5130 W Portland Park Map Number 1S1E30CA-00400
Property Use B-RESIDENTIALIMPROVED
LevyCodeArea 001
OWNERINFORMATION
Owner Name LILAJO'BANIONREVTR
Mailing Address 9907SW55THAVEPORTLAND,OR97219
RELATEDPROPERTIES
Split/Merge data prior to February 6, 2018 is not available online, please call Multnomah County Assessment & Taxation division.
Linked Properties -
Property Group ID -
Grouped Properties -
Split / Merge Date -
Split / Merge Accounts -
Split / Merge Message -
EXEMPTIONS
Age Distribution
Assigned School
Primary School: Markham Elementary School
Middle School: Jackson Middle School
High School: Ida B. Wells-Barnett High School
Primary School
Markham Elementary School 1
Middle School
Jackson Middle School 2
High School
Ida B Wells-Barnett High School 3
Other School
1 Markham Elementary School
Address: 10531 Sw Capitol Hwy
Charter: No
Title 1 Elig: 2-No
Male / Female: 224 / 176
Portland Sd 1J
Title 1: 6-Not a Title I school
Distance: 0 51 mile(s)
1-Regular school
Students: 402
1.02 mile(s) 2. Jackson Middle School
Address: 10625 Sw 35Th District: Portland Sd 1J Type: 1-Regular school
Charter: No
Title 1 Elig: 2-No
Title 1: 6-Not a Title I school
Students: 710
Levels: 6th Grade - 8th Grade
Male / Female: 367 / 332 Distance: 2 68 mile(s)
3 Ida B Wells-Barnett High School
Address: 1151 Sw Vermont St
Charter: No
Portland Sd 1J
Title 1 Elig: 2-No Title 1: 6-Not a Title I school
Male / Female: 869 / 750
1-Regular school
Levels: 9th Grade - 12th Grade
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.
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?
Deliver Seller & Buyer Closing Disclosures. Buyers’ consummation 3-6 days.
Loan documents delivered to escrow.
Return loan documents for final approval to fund and record.
Order loan funds.
