Merri Ott 41710 NW Oak Way Home Book

Page 1


Subject Property

County Name: Washington

APN / Parcel Number: R2076921

Current Ownership: Michael Banker

Site Address: 41710 NW Oak Way, Banks OR 97106

Mail Address: 41710 NW Oak Way, Banks OR 97106 *Owner Occupied

Tract / Subdivision: / Arbor Village

Census Tract / Block: 033500 / 2015

Lot / Block: 66

Twn / Rng / Sec / Qtr: 02N / 03W / 31 / SW

Sale Information

Sale Recording Date: 01/26/1999

Property Characteristics

Property Details

APN: R2076921

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: R2076921
Sentry Dynamics, Inc
Shea

Parcel ID: R2076921

SiteAddress: 41710 NW Oak Way

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: R2076921

SiteAddress: 41710 NW Oak Way

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

Details Bills PaymentHistory

2025GENERALINFORMATION

PropertyStatus AActive

PropertyType Residential

LegalDescription ARBORVILLAGE,LOT66,ACRES0.11

AlternateAccountNumber -

Neighborhood BANKBANKS

MapNumber 2N331CD08000

PropertyUse 1010:RESIDENTIALIMPROVED

LevyCodeArea 013.25

2024CertiedTaxRate 18.9231

2025OWNERINFORMATION

OwnerName BANKER,MICHAELWALDO

MailingAddress 41710NWOAKWAYBANKS,OR 97106

RELATEDPROPERTIES

LinkedPropertiesPropertyGroupID -

GroupedProperties -

Split/MergeDateSplit/MergeAccountsSplit/MergeMessage -

2024IMPROVEMENTS  Expand/CollapseAll

2024LANDSEGMENTS STATECODE

DW  Improvement#1 ImprovementType Beds/Baths - Single-FamilyResidence 4/3

W&GWENDOLYN T

WALDO

W&GWENDOLYN T

4/30/1998 SOUTHBANKSJV WESTHILLS DEVELOPMENTCO 1998046192

Sketch

TAXSUMMARY

$0.00

Area Schools

Assigned School

Primary School: Banks Elementary School

Middle School: Banks Middle School

High School: Banks High School

Primary School

Banks Elementary School 1

Middle School

Banks Middle School 2

High School

Banks High School 3

Other School

1. Banks Elementary School

Address: 42350 Nw Trellis Way District: Banks Sd 13

Charter: No Magnet:

Title 1 Elig: 1-Yes

2. Banks Middle School

Distance: 0.36 mile(s)

Type: 1-Regular school

Students: 450

Title 1: 5-Title I schoolwide school Grade Levels: Kindergarten - 5th Grade

Male / Female: 223 / 227 Distance: 0.44 mile(s)

Address: 12850 Nw Main St District: Banks Sd 13

Charter: No Magnet:

Title 1 Elig: 2-No

3. Banks High School

Type: 1-Regular school

Students: 254

Title 1: 6-Not a Title I school Grade Levels: 6th Grade - 8th Grade

Male / Female: 143 / 111 Distance: 0.45 mile(s)

Address: 13050 Nw Main St District: Banks Sd 13

Charter: No

Title 1 Elig: 2-No

Male / Female: 213 / 173

Title 1: 6-Not a Title I school

Type: 1-Regular school

Students: 387

Grade Levels: 9th Grade - 12th Grade

Scan QR Code for CC&Rs

CC&Rs: Arbor Village

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?

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.

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