3035 SE 9th Ave - HP

Page 1


PROPERTY ADDRESS

3035 SE 9TH AVE

PORTLAND, OR 97202

OWNER INFORMATION

OWNER NAME: Joseph Bomber & Emily Rounds

VESTING: Trust

MAILING ADDRESS: 3035 SE 9th Ave Portland OR 97202

OWNER STATUS: Owner occupied

LOCATION DESCRIPTION

COUNTY: Multnomah

CENSUS / BLOCK: 001000 / 5003

TSP - RNG - SEC: 01S - 01E - 11

LOT / BLOCK: 20 / 1

HOUSING TRACT: Beacon Hts

ALT PARCEL #: R059300370

SCHOOL DISTRICT: PORTLAND

MUNICIPALITY: Portland PARCEL #: R112410

LAST MARKET SALE

PRIOR SALE

DATE: 07/01/2021 DATE:

SALE PRICE: $616,000

DOCUMENT #: 102070

SALE PRICE:

DOCUMENT #: DOC TYPE: Warranty Deed DOC TYPE:

SQUARE FOOT $: $274.75

LENDER:

LENDER: ADVANTIS CU LOAN: LOAN: $248,250 LOAN TYPE:

LOAN TYPE: New Conventional LOAN TERM: 360 M

3035 SE 9TH AVE PORTLAND, OR 97202

PROPERTY CHARACTERISTICS

GROSS AREA: 2,242

LIVING AREA: ABOVE GRADE:

BEDROOMS: 3

BATHROOMS (F/H): 2 / 0

FIREPLACE: 1

YEAR BUILT: 1915

PARKING TYPE: Built-In UNITS:

BASEMENT: 845

GARAGE AREA: 112

ROOF SHAPE:

FOUNDATION:

ROOF MATERIAL: Composition Shingle

CONSTRUCTIONS:

HEAT TYPE: Forced air unit

COOLING TYPE:

EXTERIOR WALL: Wood

ROOMS:

QUALITY:

INTERIOR WALL:

PORCH TYPE:

PATIO TYPE: AIR COND: Y

FIXTURES:

FLOOR: EQUIPMENT:

STORIES: 1

POOL:

CONDITION: Average

PROPERTY INFORMATION

LAND USE: Single-Family, Residential, Imp

ZONING: Residential 2,500

COUNTY USE: Residential Improved LOT ACRES: 0.1

STATE USE: LOT SQ FT: 4,500 LEN / WID:

TAXES AND ASSESSMENT INFORMATION

ASSD YEAR: 2024

ASSD VALUE: $177,930

TAXABLE VAL:

TAX YEAR: 2024

LAND VALUE: $285,000

MKT VALUE: $555,640

TAX AREA: 201

IMP VALUE: $270,640

EXEMPTIONS:

PROPERTY TAX: $4,760.58

IMPROVED %: 49 DISTRICT:

A S S E S S O R M A P

S T R E E T

A E R I A L M A P

CITY BOUNDARY MAP

Students We Serve

OREGON AT-A-GLANCE DISTRICT PROFILE

Portland SD 1J

SUPERINTENDENT: Kimberlee Armstrong | 501 N Dixon St, Portland 97227 | 503-916-2000

Academic Success

REGULAR ATTENDERS

Students

Grade 3 ENGLISH LANGUAGE ARTS

Students

Grade 8 MATHEMATICS

Students

2023-24

High School Success

ON-TIME GRADUATION

Students

Students earning a high school

or GED within five years. Cohort Includes

District Goals

At Portland Public Schools, our goals are to provide safe, student-centered learning experiences by utilizing differentiated teaching and tools for the success of all students. We collaborate to support a primary focus on teaching and learning and the creation of dynamic, joyful learning environments. We strive to engage all students, their families and the community at large. We are fundamentally committed to social justice and to closing student achievement gaps.

State Goals

The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% on-time graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.

Our Staff (rounded FTE)

OREGON AT-A-GLANCE DISTRICT PROFILE

Portland SD 1J

Outcomes

198 Administrators

2,695 Teachers

673

2023-24

Students We Serve

OREGON AT-A-GLANCE SCHOOL PROFILE

Grout Elementary School

PRINCIPAL: Denise Self | GRADES: K-5 | 3119 SE Holgate Blvd, Portland 97202 | 503-916-6209

CLASS SIZE

REGULAR ATTENDERS

Students

2023-24

ENGLISH LANGUAGE ARTS

MATHEMATICS

School Goals

Our focus is on literacy and math fluency, with the aim of refining our instructional strategies and providing all students with the skills they need to be ready to succeed in college and careers. We strive to provide a welcoming environment and equitable opportunities for students of all races, genders, and home languages. We encourage you to contact us with any questions, concerns, or information that will help us ensure success for your students.

State Goals

The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.

Safe & Welcoming Environment

We work hard to make our school a place where all students and families feel welcome and included. We celebrate our community’s diversity and we honor this diversity in our learning activities. We understand how important it is to keep our students feeling safe, both physically and emotionally, when they are with us.

Our Staff (rounded FTE)

OREGON AT-A-GLANCE SCHOOL PROFILE

Grout Elementary School

Outcomes

REGULAR ATTENDERS

ENGLISH LANGUAGE ARTS

About Our School

BULLYING, HARASSMENT, AND SAFETY POLICIES

Portland Public Schools has created policies to help our schools provide safe environments for every student. This includes teaching students and staff about bullying and harassment, and providing methods to report and respond to any of these incidents. We have a PPS threat assessment team to help address reports of safety concerns. We also support the district-wide implementation of Positive Behavioral Interventions and Supports (PBIS), and Restorative Justice practices through our Multi-tiered System of Supports (MTSS) department.

EXTRACURRICULAR ACTIVITIES

Our school offers a variety of extracurricular activities. Check our website for details about specific activities.

PARENT ENGAGEMENT

Our school offers several meetings each year where we invite families to attend. The meetings are to discover what your children are learning at school, to see examples of their good work, and to learn ways that you can help them succeed at school. We will inform you of these school events and celebrations through our newsletters and other media. Please check our website for details about these events.

COMMUNITY ENGAGEMENT

We appreciate our community neighbors and want them to feel welcome to join us in supporting the success of our students. Please contact us if you and your community organization are interested in providing support, and we will be happy to talk with you about options.

Students We Serve

OREGON AT-A-GLANCE SCHOOL PROFILE

Hosford Middle School

PRINCIPAL: Jill Liddle | GRADES: 6-8 | 2303 SE 28th Pl, Portland 97214 | 503-916-5640

CLASS SIZE

REGULAR ATTENDERS

Students

2023-24

MATHEMATICS

School Goals

Our focus is on literacy and math fluency, with the aim of refining our instructional strategies and providing all students with the skills they need to be ready to succeed in college and careers. We strive to provide a welcoming environment and equitable opportunities for students of all races, genders, and home languages. We encourage you to contact us with any questions, concerns, or information that will help us ensure success for your students.

State Goals

The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.

Safe & Welcoming Environment

We work hard to make our school a place where all students and families feel welcome and included. We celebrate our community’s diversity and we honor this diversity in our learning activities. We understand how important it is to keep our students feeling safe, both physically and emotionally, when they are with us.

Students We Serve

OREGON AT-A-GLANCE SCHOOL PROFILE

Cleveland High School

PRINCIPAL: Jo Ann Wadkins | GRADES: 9-12 | 3400 SE 26th Ave, Portland 97202 | 503-916-5120

REGULAR ATTENDERS

Students

Students

2023-24

Students earning a diploma within four years. Cohort includes students who were first-time ninth graders in 2019-20 graduating in 2022-23

FIVE-YEAR COMPLETION

Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2018-19 finishing in 2022-23

from

COLLEGE GOING

Students enrolling in a two or four year college within 12 months of completing high school in 202122. Data from the National Student Clearinghouse.

School Goals

Our focus is on literacy and math fluency, with the aim of refining our instructional strategies and providing all students with the skills they need to be ready to succeed in college and careers. We strive to provide a welcoming environment and equitable opportunities for students of all races, genders, and home languages. We encourage you to contact us with any questions, concerns, or information that will help us ensure success for your students.

State Goals

The Oregon Department of Education is collaborating with school districts and communities across the state to achieve a 90% ontime graduation rate by 2027. Grounded in the pillars of Academic Excellence, Belonging and Wellness, and Reimagined Accountability, ODE prioritizes evidence-based practices to boost early literacy, attendance, and student engagement. We are committed to closing opportunity and achievement gaps for marginalized students and securing long-term success for all of Oregon’s learners by investing in culturally responsive practices, fostering inclusive environments and always driving for continuous improvement.

Safe & Welcoming Environment

We work hard to make our school a place where all students and families feel welcome and included. We celebrate our community’s diversity and we honor this diversity in our learning activities. We understand how important it is to keep our students feeling safe, both physically and emotionally, when they are with us.

Our Staff (rounded FTE)

OREGON AT-A-GLANCE SCHOOL PROFILE

Cleveland High School

Outcomes

REGULAR ATTENDERS

ON-TRACK TO GRADUATE

About Our School

ADVANCED COURSEWORK

Most high schools in Portland Public Schools offer Advanced Placement or International Baccalaureate courses in several subject areas. In addition, students have the option to earn college credit for some classes.

CAREER & TECHNICAL EDUCATION

District-wide we have 60 state-approved CTE programs of study. Career clusters include Architecture and Construction, Health Services, Information Technology, Manufacturing, and others. As part of these programs, we facilitate career learning experiences for students such as guest speakers, field trips, job shadows, etc. Visit our CTE web page for additional information: https://www.pps.net/Domain/190

EXTRACURRICULAR ACTIVITIES

Our school offers a variety of extracurricular activities. Check our website for details about specific activities.

PARENT & COMMUNITY ENGAGEMENT

Our school offers several meetings each year where we invite families to attend. The meetings are to discover what your children are learning at school, to see examples of their good work, and to learn ways that you can help them succeed at school. We will inform you of these school events and celebrations through our newsletters and other media. Please check our website for details about these events. We appreciate our community neighbors and want them to feel welcome to join us in supporting the success of our students.

652,503 $40,146 35 49.54% 50.46%

 Portland

 David Douglas

 Reynolds

HOUSING

Centennial

Parkrose

Riverdale

 53.75% of homes owner occupied

 46.25% of homes rented

POPULATION DENSITY

 4,375.2 inhabitants per sq. mile

 265,439 housing units at an average density of 1,989.4 per square mile

HISTORY

AGE DEMOGRAPHIC

 21.1% under age 18

 10.3% between ages 18 to 24

 34.7% between ages 25 to 44

 22.4% between ages 45 to 64

 11.6% above age 65

CITY QUICK FACTS

 Largest city in Oregon

 145 square miles

 50 feet elevation  25th most populous city in the US

METRO AREA BASE MAP

L

Veterinary Care

Veterinary

Wildwood Veterinary Clinic 3734 S Moody Ave, Portland, OR 97239, USA (503) 477-4757

Hawthorne Veterinary Clinic 1431 SE 23rd Ave, Portland, OR 97214, USA (503)

Bowling Alley

Viking Gameroom, Billiards & Bowling Alley

Roamers Rest RV Park 17585 SW Pacific Hwy, Tualatin, OR 97062, USA (503) 692-6350

Lewis and Clark State Recreation Site 1 Jordan Rd, Troutdale, OR 97060, USA (800) 551-6949

Bayport RV Park and Campground

Old Portland Rd, Warren, OR 97053, USA (503) 397-2888

L

Lupita's Tacos

Emergency Police/Medical/Fire 911

Poison Control (800) 222-1222 www.aapcc.org

United States Postal Service (800) 275-8777 www.usps.com

Xfinity (800) 266-2278 www.xfinity.com

Ziply Fiber (866) 699-4759 www.ziplyfiber.com

Verizon (800) 483-4100 www.verizon.com

AT&T (800) 288-2020 www.att.com

CenturyLink (866) 963-6665 www.centurylink.com

Dish Network (800) 318-0572 www.dish.com

DIRECT TV (800) 531-5000 www.directtv.com

The Oregonian (503) 221-8240 www.oregonlive.com

TRI-MET (503) 238-7433 www.trimet.org

Northwest Natural Gas (800) 422-4012 www.nwnatural.com

Portland General Electric (503) 228-6322 www.portlandgeneral.com

City of Portland Sewer District (503) 823-7770 www.portlandoregon.gov/bes/

City of Portland Water District (503) 823-7770 www.portlandoregon.gov/water/

Heiberg Garbage Service (503) 794-8212 www.heiberggarbage.com

Portland School District (503) 916-2000 www.pps.k12.or.us

VOTERS REGISTRTION

TO REGISTER TO VOTE, YOU MUST BE:

A citizen of the USA

A resident of Oregon

A Legal Resident of Oregon State at least 18 years of age on or before the next election

HOW TO REGISTER

To register to vote online you will need an Oregon driver's license, permit or ID card number issued by the Oregon Driver and Motor Vehicle Services Division (DMV)

If you do not have an Oregon driver's license, permit or ID card, you can still use the online voter registration application. The information you enter will display on a voter registration card (PDF document) that you will need to print, sign and deliver to your county elections office to complete your registration.

REGISTRATION DEADLINE

A new registrant must submit their online registration by 11:59:59 p.m. Pacific Time on the 21st calendar day before an election to be eligible to vote in that election.

CHANGE OF ADDRESS

If you move to a new county, you must complete a new voter registration, otherwise you must request a transfer of your registration

Clackamas County Voter Registration: 503-655-8510

Multnomah County Voter Registration: 503-988-3720

Washington County Voter Registration: 503-846-5800

MOVING CHECKLIST 8

8 WEEK BEFORE YOU MOVE

InventorySheets:Createaninventorysheetofallyour belongingswhichneedtobemoved

ResearchMovingOptions:You’llneedtodecideifyoursisa do-it-yourselfmoveorifyou’llbeusingamovingcompany

RequestMovingQuote:Solicitmovingquotesfromasmany movingcompaniesandmoversaspossible Therecanbea largedifferencebetweenratesandserviceswithinmoving companies

DiscardUnnecessaryItems:Movingisagreattimefor riddingyourselfofunnecessaryitems Haveayardsaleor donateunnecessaryitemstocharity

PackingMaterial:Gathermovingboxesandpacking materialforyourmove

ContactInsuranceCompanies:You’llneedtocontactyour insuranceagenttocancel/transferyourinsurancepolicy

1 WEEK BEFORE YOU MOVE

YourChangeofAddress:Changeyouraddresswiththe USPS,DMV,FinancialInstitutions,Utilities,Government Offices,HealthCareServiceProviders,Memberships, SubscriptionsandInsuranceProvisions

BankAccounts:Transferorclosebankaccountsifchanging banks Makesuretohaveamoneyorderforpayingthe movingcompany

ServiceAutomobiles:Ifautomobilesaretobedrivenlong distance,you’llwanttohavethemservicedsoyouhavea trouble-freedrive

CancelServices:Notifyanyremainingserviceproviders (newspapers,lawnservices,etc)ofyourmove

TravelItems:Setasideallitemsyou’llneedwhiletraveling Makesurethesearenotpackedonthemovingtruck

ContactUtilityCompanies:Setutilityturnoffdate,seek refundsanddepositsandnotifythemofyournewaddress

4 WEEK BEFORE YOU MOVE

StartPacking:Beginpackingallthingsdestinedforyournew location

ObtainYourMedicalRecords:Contactyourdoctor,physician, dentistandothermedicalspecialistswhomaycurrentlybe retaininganyofyourfamily’smedicalrecords Obtainthese recordsormakeplansforthemtobedeliveredtoyournew medicalfacilitiesifchanging Securityiscriticalofpersonal records

NoteFoodInventoryLevels:Checkyourcupboards, refrigeratorandfreezer Useupasmuchofyourperishable foodaspossible

SmallEngines:Servicesmallenginesforyourmoveby extractinggasandoilfromthemachines Thiswillreduce thatchancetocatchfireduringyourmove

ProtectJewelryandValuables:Transferyourjewelryand valuablestoasafetydepositbox;youdon’twantthemtobe lostorstolenduringyourmove

BorrowedandRentedItems:Returnitemsthatyoumay haveborrowedorrented Collectitemsborrowedtoothers

MOVING DAY

PlanYourItinerary:Makeplanstospendtheentiredayat thehouseoratleastuntilthemoversareontheirway

Someonewillneedtobearoundtomakedecisions Make plansforkidsandpetstobeatasittersfortheday

ReviewtheHouse:Oncethehouseisempty,checkthe entirehouse(closets,attic,basement,etc)toensureno itemsareleftornohomeissuesexist

DoubleCheckWithYourMover:Ensurethemoverhasthe newpropertyaddressandallofyourmostrecentcontact information,shouldtheyhaveanyquestionsduringyour move

VacateYourHome:Makesureutilitiesareoff,doorsand windowsarelockedandnotifyyourrealestateagentyou’ve vacatedtheproperty

QuestionsToAsk:Whereisthegaragedooropener?Where arethekeystothehouse,mailboxandotherlockablearea? Didyouretrieveallkeysfromneighborsandfriends?

THE HOME DEPOT

(800) 466-3337 wwwhomedepotcom

Beaverton (503) 469-4242 4401 SW 110th Ave Beaverton, OR 97005

S Beaverton (503) 646-1525

13700 NW Science Pk Dr Portland 97229

Clackamas (503) 774-6372

9300 SE 82nd Ave Happy Valley, OR 97086

Hillsboro (503) 693-9090

1950 SE Minter Bridge Rd Hillsboro 97123

Jantzen Beach (503) 289-9200

1728 N Tomahawk Island Dr Portland 97217

Oregon City (503) 723-3181 2002 Washington St Oregon City, OR 97045

E Portland (503) 261-8543

10120 SE Washington St Portland 97216

NE Portland (503) 252-0188

11633 NE Glen Widing Dr Portland 97220

Sherwood (503) 925-8447

20260 SW Pacific Hwy Sherwood, OR 97140

Tigard (503) 639-3500

14800 SW Sequoia Parkway Tigard 97224

MOVING RESOURCES

THE HOME DEPOT CONTINUED

Troutdale (503) 674-3944

25101 SE Stark St Troutdale, OR 97060

LOWES (800) 466-3337 wwwlowescom

Hillsboro (503) 844-6200

1951 SE 24th Ave Hillsboro, OR 97123

Milwaukie (503) 794-2500

13631 SE Johnson Rd. Milwaukie 97222

Portland (503) 737-3000

1160 N Hayden Meadows Dr Portland 97217

Tigard (503) 624-2644

12615 SW 72nd Ave Tigard, OR 97223

Wood Village (503) 667-1005

1000 NE Wood Village Blvd Wood Village, OR 97060

DONATION FACILITIES

Goodwill (800) 741-0186 locatorgoodwillorg

The Salvation Army (800) 958-7825 wwwsalvationarmyusaorg

Value Village (800) 958-7825 wwwvaluevillagecom

MOVING TRUCK RENTALS

Budget (800) 462-8343 wwwbudgettruckcom

Penske (888) 996-5415 wwwpensketruckrentalcom

Ryder (800) 297-9337 wwwrydercom

U-Haul (800) 468-4285 wwwuhaulcom

STORAGE COMPANIES

NW Self Storage wwwnwselfstorage

Public Storage (800) 906-0879 wwwpublicstoragecom

Pods (888) 309-8967 wwwpodscom

TRANSFER STATIONS Garbage/Recycling

Metro Center (503) 234-3000

wwworegonmetrogov 6161 NW 61st Ave Portland, OR 97210

Metro South (503) 234-3000

wwworegonmetrogov

2001 Washington St Oregon City, OR 97045

COUNTY CONTACTS

Clackamas (503) 655-8011 www.co.clackamas.or.us Taxation (503) 655-8671

Multnomah (503) 248-3511 wwwcoclackamasorus Taxation (503) 988-3326

Washington (503) 846-8611 wwwcoclackamasorus Taxation (503) 846-8741

ELECTRICITY

Pacific Power (888) 221 7070 wwwpacificpowernet

Portland General (800) 542-8818 wwwportlandgeneralcom

HOSPITALS

Adventist Medical (503) 257-2500 wwwadventisthealthnwcom

Doernbecher Children’s Hospital (503) 494-8311 wwwohsuedu

Legacy Good Samaritan (503) 413-4683 wwwlegacyhealthorg

Legacy Emanuel (503) 413-2200 www.legacyhealth.org

RESOURCE GUIDE

HOSPITALS CONTINUED

Legacy Meridian Park (503) 692-1212 www.legacyhealth.org

Legacy Mt Hood (503) 674-1122 wwwlegacyhealthorg

Kaiser Permanente Sunnyside (503) 813-2000 wwwkaiserpermanenteorg

Kaiser Permanente Westside (503) 813-2000 wwwkaiserpermanenteorg

OHSU (503) 494-8311 wwwohsuedu

Providence Milwaukie (503) 513-8300 wwwprovidenceorg

Providence Portland (503) 215-1111 www.providence.org

Providence St Vincent (503) 216-1234 wwwprovidenceorg

Providence Willamette Falls (503) 656-1631 wwwprovidenceorg

Shriner’s Hospital (503) 241-5090 wwwshrinershqorg

Tuality Community (503) 681-1111 wwwtualityorg

Tuality Forest Grove (503) 357-2173 www.tuality.org

NATURAL GAS

NW Natural (800) 422-4012 www.nwnatural.com

NEWSPAPERS

The Columbian (360) 694-3391 wwwcolumbiancom

The Oregonian (503) 221-8240 wwworegonlivecom

Willamette Weekly (503) 243-2122 wwwwweekcom

RECREATION

Convention Center (503) 235-7575 wwworegonccorg

Expo Center (503) 736-5200 wwwexpocenterorg

Mt Hood Meadows (503) 337-2222 wwwmthoodmeadowscom

OMSI (503) 797-4000 www.omsi.edu

Oregon Zoo (503) 266-1561 wwworegonzoocom

Portland International Raceway (503) 823-7223 wwwportlandracewaycom

Portland Art Museum (503) 266-2811 wwwpamorg

RESOURCE GUIDE

RECREATION CONTINUED

Providence Park (503) 553-5400 www.providenceparkpdx.com

Regal Cinemas (800) FANDANGO wwwregalcinemascom

Moda Center (503) 797-9619 wwwrosequartercom

Willamette Jetboat (503) 231-1532 wwwwillamettejetcom

SHOPPING

Bridgeport Village (503) 968-1704 www.bridgeport-village.com

Cedar Hills Crossing (503) 643-6563 wwwcedarhillscrossingcom

Clackamas Town Center (503) 653-6913 wwwclackamastowncentercom

Columbia Gorge Outlets (503) 669-8060 wwwpremiumoutletscom/ columbiagorge

Lloyd Center (503) 282-2511 wwwlloydcentercom

Mall 205 (503) 255-5805

Pioneer Place (503) 228-5800 wwwpioneerplacecom

SHOPPING CONTINUED

Streets of Tanasbourne (503) 533-0561 www.streetsoftanasbourne.com

Washington Square (503) 369-8860 wwwshopwashingtonsquarecom

Woodburn Outlets (888) 664-SHOP wwwwoodburncompanystorescom

TELEPHONE SERVICE

Verizon (800) 483-4100 wwwverizoncom

AT&T (800) 288-2020 www.att.com

TRANSFER STATIONS

Metro Center (503) 234-3000

wwworegonmetrogov 6161 NW 61st Ave Portland, OR

Metro South (503) 234-3000 wwworegonmetrogov 2001 Washington St Oregon City, OR

Clackamas County (503) 668-8885 wwwwmnorthwestcom 19600 SE Canyon Valley Rd. Sandy, OR

VOTER REGISTRATION

Clackamas (503) 655-8510

Multnomah (503) 248-3720

Washington (503) 846-5800

WATER BUREAU

Beaverton (503) 526-2257

Clackamas (503) 722-9220

Gladstone (503) 656-5223

Gresham (503) 618-2373

Hillsboro (503) 681-6228

Lake Oswego (503) 635-0265

Milwaukie (503) 786-7525

Oregon City (503) 657-8151

Portland (503) 823-7770

Tigard (503) 639-1554

Tualatin (503) 692-2000

West Linn (503) 656-4261

Wilsonville (503) 682-1011

CYBER SECURITY

g p , g being sent to an outside account and never credited to the intended party

To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:

Outgoing Wire from WFG to seller or borrower for proceeds

In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.

Incoming Wires from the buyer and/or lender to WFG bank account

For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.

We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience

http://nationalwfgnationaltitlecom/2016/04/05/obsess-cyber-security/

OWNERS TITLE INSURANCE Why it's important

claims, or restrictions on the buyers property, other than the mortgage the buyer agrees to pay.

If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.

In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.

Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer

Owner’s title insurance is one of the most affordable insurance policies a person can ever buy Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.

So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.

In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.

WHAT IS ESCROW?

Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.

TYPICAL ROLES IN THE CLOSING PROCESS

The Seller/Agent

Delivers a fully executed Purchase Sale Agreement to the escrow agent.

Executes the paperwork necessary to close the transaction

The Buyer/Agent

Deposits collected funds required to close (in with the escrow agent

Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement

Executes the paperwork and loan documents necessary to close the transaction

The Lender

Deposits loan documents to be executed by the buyer

Deposits the loan proceeds

Directs the escrow agent of the conditions under which the loan funds may be used

The Escrow Agent

Clears Title

Obtains title insurance

Obtains payoffs and release documents for underlying loans on the property

Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf

Prorates insurance, taxes, rents, etc

Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction

Forwards deed to the county for recording

Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties

In Summary

Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer

The escrow agent is a neutral third party acting on behalf of the buyer and seller.

WHO PAYS WHAT IN OREGON

SELLER PAYS

TYPICAL COSTS

The following costs generally affect all transactions:

Escrow Fee - one-half of the fee, based on title company’s fee schedule

Recording Fees - based on county fee schedule

Title Premium - based on fixed statewide fee schedule

Real Estate Commission - based on agreement with Broker

Tax Prorate - to apportion taxes between parties as of date of closing

General Costs - as listed for each specific transaction, as requested by principals

Release fees for loan payoff(s)

LAND SALE CONTRACT TRANSACTION

Attorney Fee - optional, and is sometimes shared with purchaser

Collection Escrow Setup Fee - optional, and is often shared with purchaser

ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION

Any delinquent payments to bring contract or loan current

Prorate share of current month’s interest based on current rate

CONVENTIONAL, FHA, VA LOAN TRANSACTIONS

Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval

FHA, VA Loans - check with lender for any applicable seller costs

BUYER PAYS

TYPICAL COSTS

The following costs generally affect all transactions:

Escrow Fee - one-half of the fee, based on title company’s fee schedule

Recording Fees - based on county fee schedule

Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender

Tax Prorate - to apportion taxes between parties as of date of closing

General Costs - as listed for each specific transaction, as requested by the principals

LAND SALE CONTRACT TRANSACTION

Attorney Fee - optional, and is sometimes shared with seller

Collection Escrow Setup Fee - optional, and is sometimes shared with seller

Recording Fee - for contract or memorandum thereof

ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION

Assumption or Assignment

Next monthly payment due, if required by lender

Recording Fee - for Assumption/Assignment of Agreement, if required by lender

CONVENTIONAL, FHA, VA LOAN TRANSACTIONS

Lenders title insurance policy & endorsements, as required by lender

Loan Fee - as required by lender

Credit Report Fee - as required by lender

Appraisal Fee - as required by lender

Mortgage Insurance Premium - based on fee schedule and endorsements of lender

Prepaid Interest - if required by lender

VA Loans only - funding fee, if required by lender

FHA, VA, and some Conventional Loans - reserves for real property taxes, fire insurance and mortgage insurance

TITLE VESTING

Common ways to hold title to real property

ASANINDIVIDUAL

Anindividualmayholdtitleinhisorhernameonly,regardlessofwhetherornotmarried–eg “JaneSmith,an individual” Thatindividualthenownsallrightstotheproperty,whichcanbesoldortransferredtoothersviawill ortrust Whileadivorceispending,however,ifthepropertywasacquiredduringthemarriageitwilllikelybe treatedaspartofthemaritalestateandthusbesubjecttocourtauthority.

ASTENANTSBYTHEENTIRETY

Aconveyancetoahusbandandwifecreatesatenancybytheentirety–eg “JohnSmithandJaneSmith, husbandandwife,astenantsbytheentirety” Thiscreatesasurvivorshipestate,whichmeansthatifonespouse dies,his/herinterestwillautomaticallygotothesurvivingspouse.Ahusbandandwifemayalsotaketitleas tenantsincommon(discussedbelow)iftheintentiontoholdtitleinthatmannerisexpresslystated

ASTENANTSINCOMMON

Unlessaconveyanceexpresslyprovidesthatthepartiesintendtocreateasurvivorshipestate(discussedbelow), aconveyancetotwoormorepersonswhoarenotmarriedcreatesatenancyincommoninwhicheachhas (unlessotherwisestated)anequalundividedinterestintheproperty–eg “JohnSmithandRobertJones,as tenantsincommon,eachastoanundivided50%interest” Eachtenantincommonthenownsanundivided interestintheentireproperty,whichcanbesoldortransferredtoothersviawillortrust

ASASURVIVORSHIPESTATE

Twoormorepersonswhoarenotmarriedmayalsoholdtitleastenantsincommonwitharightofsurvivorship, aslongasthesurvivorshipdeclarationisexpresslycontainedinthedeed–eg “JohnSmithandRobertJones, notastenantsincommon,butwiththerightofsurvivorship” Thiscreatesasurvivorshipestate,whichmeans thatifonepartydies,his/herinterestwillautomaticallygotothesurvivorandcannotbesoldduringthelifetime ofortransferredviawillortrustbythepartywhodiesfirst

ASREGISTEREDDOMESTICPARTNERS

Registereddomesticpartnersmaytaketitleas(i)tenantsincommon–e.g.“JaneSmithandMaryJones, registereddomesticpartners,astenantsincommon,eachastoanundivided50%interest”,or(ii)ina survivorshipestatesimilartothatofatenancybytheentirety–eg “JaneSmithandMaryJones,asregistered domesticpartnerswithrightofsurvivorship”

ASASAMESEXMARRIEDCOUPLE

Samesexmarriedcouplesmaytaketitleas(i)tenantsincommon–eg “JohnSmithandRobertSmith,a marriedcouple,astenantsincommon,eachastoanundivided50%interest”,or(ii)inasurvivorshipestate similartothatofatenancybytheentirety–eg JohnSmithandRobertSmith,amarriedcouplewithrightof survivorship,or(iii)astenantsbytheentirety–eg “JohnSmithandRobertSmith,amarriedcouple,astenants bytheentirety”.

ASANENTITY

Aregisteredentity,suchasacorporation,limitedliabilitycompanyorpartnership,mayholdtitle Titleshouldbe heldexactlyasthenameisregisteredwiththeOregonSecretaryofState–e.g.“Smith&Jones,LLC,anOregon limitedliabilitycompany”

DISCLAIMER–Theforegoingcontainsinformationalexamplesonlyandisnottobeconstruedaslegaladvice Giventhecomplexitiesinvolvedinacquiringandholding legaltitletorealproperty,WFGstronglyrecommendsthatyouseeklegaladvicefromanattorneypriortodoingso

ADMINISTRATIVE

12909 SW 68th Pkwy. Ste. 350 Portland, OR 97223 503-431-8500

CLACKAMAS

9200 SE Sunnybrook Blvd. Ste. 350 Clackamas, OR 97015 503-353-9975

LAKE OSWEGO

5885 Meadows Rd. Ste. 130 Lake Oswego, OR 97035 503-624-4900

LLOYD/COMMERCIAL

NW PORTLAND 25 NW 23rd Pl. Ste. 1 Portland, OR 97210 503-219-9088

BETHANY 1500 NW Bethany Blvd. Ste. 155 Beaverton, OR 97006 503-850-3990

DOWNTOWN VANCOUVER 2001 SE Columbia River Dr Ste. 100 Vancouver, WA 98661 360-314-0300

SALMON CREEK

2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818

VANCOUVER MALL

4400 NE 77th Ave Ste. 250 Vancouver, WA 98662 360-891-5454

EAST VANCOUVER 2004 SE 192nd Ave. Ste. 100 Vancouver, WA 98683 360-356-9990 1 2 3 5 6 7 8 9 4 10

700 NE Multnomah St. Ste. 190 Portland, OR 97232 503-230-8488

This week the median list price for Portland, OR 97202 is $699,900 with the market action index hovering around 54. This is an increase over last month's market action index of 50 Inventory has decreased to 49

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory

Real-Time Market Profile

Strong Seller's Market

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues

Market Segments

Each segment below represents approximately 25% of the market ordered by price

Strong Seller's Market

Price Per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

Inventory

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

Market Action Index

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Market Action Segments

Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the highend) will weaken before the rest of the market and signal a slowdown for the whole group.

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CONSUMER EXPERIENCE TIMELINE

TRANSACTION CLOSED

GATHER UP

SIGNING SCHEDULED

CLOSE TO SIGNING

TITLE CLEARED

UPDATER INVITATION

TITLE REPORT DELIVERED

TRANSACTION STARTED

MIDPOINT FEEDBACK

EARNEST MONEY

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