7950E.StarlightWay#113 Scottsdale,AZ85250
WIRE FRAUD ALERT THINK DIFFERENTLY
Email-based, real estate fraud schemes are on the rise. One common scenario is altering wiring instructions with the intention of rerouting funds.
Keeping this in mind, First American Title is changing the way we receive payment information. It is imperative that we are familiar with the people in our transactions.
RELYING ON EMAIL ALONE IS NO LONGER AN OPTION.
DO NOT TRUST EMAILED INSTRUCTIONS
Fraudsters often use email to send falsified wire instructions to unsuspecting victims. Please warn your buyers and sellers to only follow wire instructions they receive personally from First American Title.
Additionally, we will not accept disbursement instructions for seller or buyer funds via email OR from any third party (attorney, real estate agent, etc).
ALTERNATIVE INSTRUCTIONS?
If your buyer or seller receives alternative wiring instructions that appear to be from First American Title, make sure they contact their escrow officer at a trusted phone number for confirmation.
Know that our wiring instructions do not change so any communication is suspect. Our banking institution is First American Trust.
IN SHORT – wire instructions will not be accepted by email. New wire instructions must be hand-carried or uploaded to the First American Secure Portal.
Thank you for joining First American Title in fostering a secure real estate transaction process. Have questions or concerns? Please contact our office or your escrow officer.
For more information please contact your First American representative.
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01100180621
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Subject Property 7950 E Starlight Way # 113 Scottsdale AZ 85250 APN: 173-03-510 Data Provided By: First American Title Ins Co © 2024 CoreLogic. All rights reserved
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Data Provided By: First American Title Ins Co
© 2024 CoreLogic. All rights reserved
Owner Information
Owner Name : Schmidt Living Trust Mailing Address : 7950 E Starlight Way Unit 113, Scottsdale AZ 85250-6127 C045
Vesting Codes : / / Living Trust
Occupied Indicator :
Owner Transfer Information
Document # : 885170
Last Market Sale Information
7950 E Starlight Way # 113 Scottsdale AZ 85250
Subject Property :
Owner
O Location Information Legal Description : Lot 113 Walden Place 3 Mcr 227-27 Unit 113 Tog W/an Undiv 1-116 Int In The Common Elements County : Maricopa, Az Subdivision : Walden Place 3 Census Tract / Block : 2170.01 / 6 Map Reference : 22727 Township-Range- Sect : 02N-04E-14 School District : Scottsdale 48 Legal Lot : 113 Munic/Township : Scottsdale APN : 173-03-510 Neighbor Code : 05-006
Recording/Sale Date :
12/09/2022 Deed
Warranty Deed
12/12/2022 /
Type : Special
Recording/Sale Date : 04/15/2022 / 04/12/2022 1st Mtg Amount/Type : $437,192 / Va Sale Price : $422,000 1st Mtg Document # : 336944
# :
1st Mtg Term : 30 Deed Type : Warranty Deed Price Per SqFt : $333.33 Title Company : First American Mtg Solutions Lender : Amerifirst Fin'l Seller Name : Joint Trussell F Livi Prior Sale Information Prior Rec/Sale Date : 07/08/2015 / 06/10/2015 Prior Deed Type : Warranty Deed Prior Sale Price : $170,000 Prior 1st Mtg Amt/Type : $127,500 / Conv Prior Doc Number : 490066 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Document
336943
Gross Area : 1,266 Parking Type : Carport Exterior wall : Frame Wood Living Area : 1,266 Garage Capacity : 1 Air Cond : Refrigeration Total Rooms : 4 Roof Material : Built-up Quality : Average Year Built / Eff : 1984 Heat Type : Forced Air Condition : Average # of Stories : 1 Cooling Type : Forced Air Bath Fixtures : 7
Land Use : Condominium Lot Acres : 0.03 State Use : Condominiumscommon Area ( 3 ) Zoning : RESIDENTIAL WITH 5 000SF MINMU Lot Size : 1,400 Tax Information Total Value : $224,700 Assessed Year : 2022 Tax Rate Area : 481400 Land Value : $44,900 Improve % : 80% Market Value : $224,700 Improvement Value : $179,800 Tax Year : 2022 Current Assessed Year : 2024 Total Taxable Value : $16,171 Property Tax : $994.26 Current Year Total Value : $52,438 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Property Characteristics
Property Information
Criteria Subject Property Low High Average Sale Price $422,000 $325,000 $710,000 $431,951 Bldg/Living Area 1266 1103 1414 1243 Price Per Square Foot $333.33 $273 $574 $348 Year Built 1984 1964 1991 1975 Lot Size 1,400 30 4,023 1,761 Bedrooms Bathrooms 3 2 3 2 Stories 1 1 2 1 Total Assessed Value $224,700 $212,200 $299,600 $233,470 Distance From Subject 0 0.02 0.61 0.43 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Sales Analysis
Map Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Subject Property: 7950 E Starlight Way # 113 Scottsdale Az 85250 Owner Name: Schmidt Living Trust / APN / Alternate APN: 173-03-510 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Walden Place 3 / Lot Size: 1,400 Year Built / Eff: 1984 / Rec. Date / Price: 04/15/2022 / $422,000 Living Area: 1,266 # of units: Document #: 336943 Bedrooms: Pool: Total Tax Value: $224,700 Bath(F/H): / #1 7950 E Starlight Way # 216 Scottsdale Az 85250 Owner Name: Howard Mark / APN / Alternate APN: 173-03-571 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Walden Place 3 / Lot Size: 139 Year Built / Eff: 1984 / Rec. Date / Price: 05/12/2023 / $405,000 Living Area: 1,414 # of units: Document #: 246678 Bedrooms: Pool: Total Tax Value: $229,800 Bath(F/H): / #2 7950 E Starlight Way # 103 Scottsdale Az 85250 Owner Name: Maly Mary F /Maly William G APN / Alternate APN: 173-03-501 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Walden Place 3 / Lot Size: 1,414 Year Built / Eff: 1987 / Rec. Date / Price: 03/15/2024 / $470,000 Living Area: 1,258 # of units: Document #: 136049 Bedrooms: Pool: Total Tax Value: $216,100 Bath(F/H): / #3 7950 E Starlight Way # 257 Scottsdale Az 85250 Owner Name: Stellar Ventures Az Llc / APN / Alternate APN: 173-03-612 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Walden Place 3 / Lot Size: 1,398 Year Built / Eff: 1991 / Rec. Date / Price: 09/06/2023 / $463,071 Living Area: 1,258 # of units: Document #: 466129 Bedrooms: Pool: Total Tax Value: $216,800 Bath(F/H): / #4 5998 N 78th St # 100 Scottsdale Az 85250 Owner Name: Sharp Andrew /Cox Tiffany L APN / Alternate APN: 173-03-616-A / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Villa Estados Ph 1 / Lot Size: 117 Year Built / Eff: 1981 / Rec. Date / Price: 01/12/2024 / $355,000 Living Area: 1,171 # of units: Document #: 18663 Bedrooms: Pool: Total Tax Value: $212,200 Bath(F/H): / Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Details of Comparables
#5 5601 N 79th St # 3 Scottsdale Az 85250 Owner Name: Kuzman Alexa / APN / Alternate APN: 173-03-204 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Casitas Chaparral Amd / Lot Size: 30 Year Built / Eff: 1974 / Rec. Date / Price: 02/14/2024 / $407,500 Living Area: 1,229 # of units: Document #: 75350 Bedrooms: Pool: Total Tax Value: $233,100 Bath(F/H): / #6 5950 N 78th St # 156 Scottsdale Az 85250 Owner Name: Curtis Kevin /Curtis Lia APN / Alternate APN: 173-81-141 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Villa Antigua Scottsdale Condo / Lot Size: 117 Year Built / Eff: 1986 / Rec. Date / Price: 10/13/2023 / $445,000 Living Area: 1,183 # of units: Document #: 533688 Bedrooms: Pool: Total Tax Value: $223,000 Bath(F/H): / #7 8201 E Valley Vista Dr Scottsdale Az 85250 Owner Name: Berberet Bradley R / APN / Alternate APN: 174-12-328 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Continental Villas / Lot Size: 3,917 Year Built / Eff: 1970 / Rec. Date / Price: 06/29/2023 / $427,000 Living Area: 1,352 # of units: Document #: 339846 Bedrooms: Pool: Total Tax Value: $244,700 Bath(F/H): / #8 8206 E Valley Vista Dr Scottsdale Az 85250 Owner Name: Ktfa Partners / APN / Alternate APN: 174-12-326 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Continental Villas / Lot Size: 2,874 Year Built / Eff: 1970 / Rec. Date / Price: 05/30/2023 / $325,000 Living Area: 1,174 # of units: Document #: 279873 Bedrooms: Pool: Total Tax Value: $222,100 Bath(F/H): / #9 7823 E Bonnie Rose Ave Scottsdale Az 85250 Owner Name: Pekar Joanne L Trust / APN / Alternate APN: 173-25-445 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Villa Monterey 8b Amd / Lot Size: 2,461 Year Built / Eff: 1973 / Rec. Date / Price: 01/10/2024 / $330,000 Living Area: 1,139 # of units: Document #: 13962 Bedrooms: Pool: Total Tax Value: $229,700 Bath(F/H): / Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
#10 8237 E Keim Dr Scottsdale Az 85250 Owner Name: Elton Eila / APN / Alternate APN: 174-12-309 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Continental Villas / Lot Size: 4,023 Year Built / Eff: 1970 / Rec. Date / Price: 09/15/2023 / $460,000 Living Area: 1,352 # of units: Document #: 483278 Bedrooms: Pool: Total Tax Value: $245,500 Bath(F/H): / #11 5328 N 78th Pl Scottsdale Az 85250 Owner Name: Bennett Michael A /Bennett Linda J APN / Alternate APN: 173-25-444 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Villa Monterey 8b Amd / Lot Size: 2,700 Year Built / Eff: 1973 / Rec. Date / Price: 05/31/2023 / $433,500 Living Area: 1,139 # of units: Document #: 280699 Bedrooms: Pool: Total Tax Value: $229,700 Bath(F/H): / #12 6249 N 78th St # 52 Scottsdale Az 85250 Owner Name: Harlow Lindy / APN / Alternate APN: 174-21-418 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Arroyo Verde Unit 2 / Lot Size: 177 Year Built / Eff: 1981 / Rec. Date / Price: 07/13/2023 / $600,000 Living Area: 1,288 # of units: Document #: 365125 Bedrooms: Pool: Total Tax Value: $299,600 Bath(F/H): / #13 5315 N 78th St Scottsdale Az 85250 Owner Name: Presti John & Ann M /Presti Ann M APN / Alternate APN: 173-25-454 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Villa Monterey 8b Amd / Lot Size: 2,697 Year Built / Eff: 1973 / Rec. Date / Price: 03/20/2024 / $335,000 Living Area: 1,122 # of units: Document #: 143332 Bedrooms: Pool: Total Tax Value: $230,200 Bath(F/H): / #14 5311 N 78th St Scottsdale Az 85250 Owner Name: Bashkingy George R /Bashkingy Theresa APN / Alternate APN: 173-25-455 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Villa Monterey 8b Amd / Lot Size: 2,448 Year Built / Eff: 1973 / Rec. Date / Price: 08/31/2023 / $387,000 Living Area: 1,103 # of units: Document #: 459356 Bedrooms: Pool: Total Tax Value: $223,300 Bath(F/H): / Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
#15 8326 E Valley Vista Dr Scottsdale Az 85250 Owner Name: Mader Kyler D / APN / Alternate APN: 174-12-247 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Continental Villas / Lot Size: 2,511 Year Built / Eff: 1970 / Rec. Date / Price: 11/17/2023 / $419,950 Living Area: 1,174 # of units: Document #: 595058 Bedrooms: Pool: Total Tax Value: $222,100 Bath(F/H): / #16 5222 N 78th Pl Scottsdale Az 85250 Owner Name: Keilholtz Robert B /Morton Stacey APN / Alternate APN: 173-25-421 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Villa Monterey 8b Amd / Lot Size: 2,438 Year Built / Eff: 1973 / Rec. Date / Price: 05/30/2023 / $375,000 Living Area: 1,103 # of units: Document #: 279681 Bedrooms: Pool: Total Tax Value: $223,300 Bath(F/H): / #17 6005 N Granite Reef Rd Scottsdale Az 85250 Owner Name: Valenti Lindsay A / APN / Alternate APN: 173-75-016 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Park Scottsdale Twnhs / Lot Size: 141 Year Built / Eff: 1964 / Rec. Date / Price: 10/04/2023 / $446,000 Living Area: 1,408 # of units: Document #: 518417 Bedrooms: Pool: Total Tax Value: $219,700 Bath(F/H): / #18 7615 E Bonnie Rose Ave Scottsdale Az 85250 Owner Name: Gaun Tarlton C /Gaun Michael J APN / Alternate APN: 173-25-851-A / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Sunrise Villas / Lot Size: 2,203 Year Built / Eff: 1974 / Rec. Date / Price: 03/20/2024 / $710,000 Living Area: 1,236 # of units: Document #: 144115 Bedrooms: Pool: Total Tax Value: $274,100 Bath(F/H): / #19 6009 N Granite Reef Rd Scottsdale Az 85250 Owner Name: Sold House Az Llc / APN / Alternate APN: 173-75-014 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Park Scottsdale Twnhs / Lot Size: 160 Year Built / Eff: 1964 / Rec. Date / Price: 02/12/2024 / $385,000 Living Area: 1,408 # of units: Document #: 70240 Bedrooms: Pool: Total Tax Value: $221,800 Bath(F/H): / Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
#20 8326 E Keim Dr Scottsdale Az 85250 Owner Name: Lucas Jessica /Ward James APN / Alternate APN: 174-12-218 / Deed Type: Warranty Deed Land Use: Condominium Subdivision / Tract: Continental Villas / Lot Size: 3,256 Year Built / Eff: 1970 / Rec. Date / Price: 10/12/2023 / $460,000 Living Area: 1,352 # of units: Document #: 531990 Bedrooms: Pool: Total Tax Value: $252,600 Bath(F/H): / Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Subject Property : 7950 E Starlight Way # 113 Scottsdale AZ 85250 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
E MCDONALD DR Distance 0.13 Miles
Name : Scottsdale City Of Recording Date : 09/20/2000 Total Value : $90,730,000 Sale Price : $74,881 Land Use : Municipal Property Lot Acres : 22.50
1 Living Area : 2,090 Yr Blt / Eff Yr Blt : 1976 / 1976 APN : 173-02-001-H
N 78TH ST # 1132 Distance 0.15 Miles
Name : Scottsdale Place Apartments Ll Subdivision :
Vita Of Scottsdale Condo Sale Date : 10/21/2009 Recording Date : 10/26/2009 Total Value : $227,100 Sale Price : $6,850,000 Bed / Bath : / 1 Property Tax : $652.26 Land Use : Condominium Lot Acres : 0.02
1 Living Area : 926 Yr Blt / Eff Yr Blt : 1982 / APN : 173-09-043
N 78TH ST # 2132 Distance 0.15 Miles
Name :
Ll Subdivision :
Sale
Recording Date : 10/26/2009 Total Value : $227,100 Sale Price : $6,850,000 Bed / Bath : / 1 Property Tax : $652.26 Land Use : Condominium Lot Acres : 0.02
1 Living Area : 926 Yr Blt / Eff Yr Blt : 1982 / APN : 173-09-080 5959 N 78TH ST # 1134 Distance 0.15 Miles
Name : Scottsdale Place Apartments Ll Subdivision : Bella Vita Of Scottsdale Condo Sale Date : 10/21/2009 Recording Date : 10/26/2009 Total Value : $227,100 Sale Price : $6,850,000 Bed / Bath : / 1 Property Tax : $652.26
Use : Condominium Lot Acres : 0.02
1 Living Area : 926 Yr Blt / Eff Yr Blt : 1982 / APN : 173-09-045 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
8111
Owner
Stories :
5959
Owner
Bella
Stories :
5995
Owner
Scottsdale Place Apartments
Bella Vita Of Scottsdale Condo
Date : 10/21/2009
Stories :
Owner
Land
Stories :
Yr Blt / Eff Yr Blt : 1982 / APN : 173-09-042
N 78TH ST # 2134 Distance 0.15 Miles Owner Name : Scottsdale Place Apartments Ll Subdivision :
Vita Of Scottsdale Condo Sale Date : 10/21/2009 Recording Date : 10/26/2009 Total Value : $227,100 Sale Price : $6,850,000 Bed / Bath : / 1 Property Tax : $652.26 Land Use :
Lot Acres : 0.02
Living Area :
Yr Blt / Eff Yr Blt : 1982 / APN :
N 78TH ST # 1136 Distance 0.15 Miles Owner Name :
Place Apartments Ll Subdivision :
Of Scottsdale Condo Sale Date : 10/21/2009 Recording Date : 10/26/2009 Total Value : $227,100 Sale Price : $6,850,000 Bed / Bath : / 1 Property Tax : $652.26
Use :
Lot Acres : 0.02
Living
Blt
Blt :
N
ST # 1131 Distance 0.15 Miles
Subdivision :
Sale Date : 10/21/2009 Recording Date : 10/26/2009 Total Value : $227,100 Sale Price : $6,850,000 Bed / Bath : / 1 Property Tax : $652.26
5959
Bella
Condominium
Stories : 1
926
173-09-082 5959
Scottsdale
Bella Vita
Land
Condominium
Stories : 1
Area : 926 Yr
/ Eff Yr
1982 / APN : 173-09-047 5959
78TH
Owner Name : Scottsdale Place Apartments Ll
Bella Vita Of Scottsdale Condo
Lot
Land Use : Condominium
Acres : 0.02
Stories : 1 Living Area : 926
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
5959 N 78TH ST # 2131 Distance 0.15 Miles
Ll
Condo
Value :
Sale Price :
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Owner Name : Scottsdale Place Apartments
Subdivision : Bella Vita Of Scottsdale
Sale Date : 10/21/2009 Recording Date : 10/26/2009 Total
$227,100
$6,850,000 Bed / Bath : / 1 Property Tax : $652.26 Land Use : Condominium Lot Acres : 0.02 Stories : 1 Living Area : 926 Yr Blt / Eff Yr Blt : 1982 / APN : 173-09-079
Census Tract / block: 2170.01 / 6 Year: 2020
Household Population Population by Age Count: 4,534 0 - 11 Estimate Current Year: 4,442 12 - 17 Estimate in 5 Years: 4,092 18 - 24 1.96% Growth Last 5 Years: -5.69% 25 - 64 54.48% Growth Last 10 Years: -53.1% 65 - 74 26.16% 75+ Household Size Household Income Current Year: 2,648 0 - $25,000 14.58% Average Current Year: 1.71 $25,000 - $35,000 5.55% Estimate in 5 Years: 3,204 $35,000 - $50,000 4.83% Growth Last 5 Years: -5.21% $50,000 - $75,000 17.07% Growth Last 10 Years: 10.59% $75,000 - $100,000 9.1% Male Population: 46.71% Above $100,000 48.87% Female Population: 53.29% Average Household Income: $96,964 Married People: 53.44% Unmarried People: 46.56% Housing Median Mortgage Payments Home Values Under $300: 2.41% Below $100,000: 2.97% $300 - $799: 48.12% $100,000 - $150,000: 2.36% $800 - $1,999: 22.81% $150,000 - $200,000: 3.8% Over $2,000: 26.66% $200,000 - $300,000: 14.51% Median Home Value: $422,600 $300,000 - $500,000: 50.63% Unit Occupied Owner: 81.46% Above $500,000: 25.73% Median Mortgage: $1,596 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Rent Payments Year Built Unit Occupied Renter: 18.54% 1999 - 2000 Median Gross Rent: $1,639 1995 - 1998 Less Than $499 0% 1990 - 1994 $500 - $749 0% 1980 - 1989 25.97% $750 - $999 0% 1970 - 1979 46.34% $1000 and Over 100% 1900 - 1969 19.29% Education Enrollment Public Pre-Primary School: 0.69% Not Enrolled in School: 90.67% Private Pre-Primary School: 0.67% Not A High School Graduate: 2.86% Public School: 6.62% Graduate Of High School: 5.73% Private School: 2.71% Attended Some College: 22.14% Public College: 4.56% College Graduate: 36.28% Private College: 2.04% Graduate Degree: 32.99% Workforce Occupation: Manager/Prof: 61.04% Private Worker: 67.93% Technical: Government Worker: 8.1% Sales: 22.85% Self Employed Worker: 11.29% Administrative: Unpaid Family Worker: 6.43% Private House Hold: Farming: 2.43% Service: 9.36% Skilled: Protective Services: Blue-Collar: 6.75% Commute Time Less Than 15 Min: 31.34% 15 min - 28 min: 40.57% 30 min - 57 min: 18.07% Over 60 min: 10.02% Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/17/2024 © 2024 CoreLogic. All rights reserved
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First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2021 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF 05117910421
SEARCH PARAMETERS
PARCEL: 173-03-510
PARCEL: 173-03-510 0
OWNER: SCHMIDT LIVING TRUST & SCHM
SITUS: 7950 E STARLIGHT WAY UNIT 113 SCOTTSDALE
MAIL: 7950 E STARLIGHT WAY
PLAT: 227 - 27 LOT 113
INSTRUMENT REC DATE
2022 885170 12/12/2022
LEGAL: WALDEN PLACE 3 MCR 227-27 UNIT 113 TOG W/AN UNDIV 1-116 INT IN THE COMMON ELEMENTS
CURRENT TAXES INFORMATION THROUGH 04/05/2024
LAND IMPR EXEMPT RATE AREA SPECIAL DISTRICTS
PRIMARY 16,979 0 0 5.2439 481400
5,750 23,030
2023 TAX AMT TAX DUE INTEREST
FIRST HALF 493.52 0.00 0.00 10/27/2023 0.00
SECOND HALF 493.52 463.39 0.00 10/27/2023 463.39
END SEARCH
+ FIRST AMERICAN TITLE, FC0, LMRA MARICOPA, AZ 04/17/2024 12:23PM RL13
PAGE 1 OF 1
INVESTIGATIVE SEARCH RESULTS
30001 SECONDARY
0 2.1294
2023 TOTAL TAX BILLED 987.04
TOTAL DUE
DATE PAID
RESOLUTION COMPLETE TOTAL CURRENT TAXES DUE 04/24 463.39 05/24 469.57 (ESTIMATED) RESIDENTIAL IMPROVEMENTS BLDG SQFT 1,266 COOLING REFRIGERATION YEAR BUILT 1984 EXTERIOR WALLS FRAME WOOD NUMBER OF STORIES 1.0 ROOF BUILT UP NUMBER OF ROOMS CONSTRUCTION CLASS R3 NUMBER OF BATH FIXTURES 7 PHYSICAL CONDITION OTHER PATIO (TYPE AND NUMBER) NONE 0 LAND USE 07 35 GARAGE (TYPE AND NUMBER) CARPORT 1 LOT SIZE 1,400 SQ FT POOL SQ FT SCHOOL DISTRICT 481400 HEATING LAND FULL CASH VALUE 57,500 IMPR FULL CASH VALUE 230,300 SALES SALE DATE SALE AMOUNT INSTRUMENT TYPE SELLER NAME VALIDITY 04/15/2022 422,000 2022 336943 WD TRUSSELL FAMILY JOINT REVO 07/08/2015 170,000 2015 490066 WD SCHOFIELD RICHARD 09/09/1986 77,000 1986 484726 JD NOVIX 09/12/1983 2,273,764 1983 367571 WD KESAN INC M
STANDARD LAND USE: CONDOMINIUM
ADDITIONAL PROPERTY INFORMATION
to the Title & Escrow Process in Arizona Home Seller’s Guide
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Count on First American Title
Welcome to the home-selling process. Throughout this process, you can count on First American Title to guide you smoothly through your transaction and provide expert answers to your questions. We are happy to serve you.
First American Title’s professionals are proud to provide the title insurance that assures people’s home ownership. Backed by First American Title Insurance Company, your transaction will be expertly completed in accordance with state-specific underwriting standards and state and federal regulatory requirements.
First American Title has a direct office or agent near you, offering convenient locations throughout Arizona. We also have an extensive network of offices and agents throughout the United States, and internationally.
First American Title is the principal subsidiary of First American Financial Corporation, and one of the largest suppliers of title insurance services in the nation. With roots dating back to 1889, we’ve served families for generations.
First American Financial Corporation offers more than title insurance and escrow services through its subsidiaries. Our subsidiaries also provide property data, title plant records and images, home warranties, property and casualty insurance, and banking, trust and advisory services.
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Count On Us For Service
Count On Us For Stability Count On Us For Convenience
Count On Us To Meet Your Needs
Benefits of using a Professional REALTOR ®
Before you make the decision to try to sell your home alone, consider the benefits a REALTOR ® can provide that you may not be aware of.
A REALTOR ® :
› Understands market conditions and has access to information not available to the average homeowner.
› Can advertise effectively for the best results.
› Knows how to price your home realistically, to give you the highest price possible within your time frame.
› Is experienced in creating demand for homes and how to show them to advantage.
› Knows how to screen potential buyers and eliminate those who can’t qualify or are looking for bargain-basement prices.
› Knows how to go toe-to-toe in negotiations.
› Is always “on-call,” answering the phone at all hours, and showing homes evenings and weekends.
› Can remain objective when presenting offers and counter-offers on your behalf.
› Maintains errors-and-omissions insurance.
› Will listen to your needs, respect your opinions and allow you to make your own decisions.
› Can help protect your rights, particularly important with the increasingly complicated real estate laws and regulations.
› Is experienced with resolving problems to facilitate a successful closing on your home.
Only you can determine whether you should attempt to sell your home—probably your largest investment—all alone. Talk with a REALTOR® before you decide. You may find working with a professional is a lot less expensive and much more beneficial than you ever imagined!
FOR SALE BY OWNER
Many people believe they can save a considerable amount of money by selling their homes themselves. It may seem like a good idea at the time, but while you may be willing to take on the task, are you qualified? The following are some questions to help you realistically assess what’s involved.
Do you...
- have the knowledge, patience, and sales skills needed to sell your home?
- know how to determine your home’s current market value?
- know how to determine whether or not a buyer can qualify for a loan?
- understand the steps of an escrow and what’s required of you and the buyer?
- need to hire a real estate attorney? If so, do you know what the cost will be and how much liability they will assume in the transaction?
- know how to advertise effectively and what the costs will be?
- understand the various types of loans buyers may choose and the advantages and disadvantages for the seller?
- have arrangements with an escrow and title company, home warranty company, pest-control service and lender to assist you with the transaction?
Are you...
- aware of conditions in the marketplace today that affect value and length of time to sell?
- concerned about having strangers walking through your home?
- familiar enough with real estate regulations to prepare a binding sales contract? Counter-offers?
- aware that every time you leave your home, you are taking it off the market until you return?
- aware that prospective buyers and bargain hunters will expect you to lower your cost because there’s no REALTOR® involved?
- prepared to give up your evenings and weekends to show your home to potential buyers and “just-looking” time wasters?
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Key Professionals Involved in Your Transaction
REALTOR ®
A REALTOR ® is a licensed real estate agent and a member of the National Association of REALTORS,® a real estate trade association. REALTORS ® also belong to their state and local Association of REALTORS.®
REAL ESTATE AGENT
A real estate agent is licensed by the state to represent parties in the transfer of property. Every REALTOR ® is a real estate agent, but not every real estate agent has the professional designation of a REALTOR.®
LISTING AGENT
A key role of the listing agent or broker is to form a legal relationship with the homeowner to sell the property and place the property in the Multiple Listing Service.
BUYER'S AGENT
A key role of the buyer’s agent or broker is to work with the buyer to locate a suitable property and negotiate a successful home purchase.
MULTIPLE LISTING SERVICE (MLS)
The MLS is a database of properties listed for sale by REALTORS ® who are members of the local Association of REALTORS.® Information on an MLS property is available to thousands of REALTORS ®
TITLE COMPANY
These are the people who carry out the title search and examination, work with you to eliminate the title exceptions you are not willing to take subject to, and provide the policy of title insurance regarding title to the real property.
ESCROW OFFICER
An escrow officer leads the facilitation of your escrow, including escrow instructions preparation, document preparation, funds disbursement, and more.
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PREPARING FOR SALE YOUR HOME
First impressions have a major impact on potential buyers. Try to imagine what potential buyers will see when they approach your house for the first time and walk through each room. Ask your REALTOR ® for advice; they know the marketplace and what helps a home sell. Here are some tips to present your home in a positive manner:
Mow and edge the lawn regularly, and trim the shrubs.
Make your entry inviting: Paint your front door and buy a new front door mat.
Paint or replace the mailbox, if needed.
If screens or windows are damaged, replace or repair them.
Repair or replace worn shutters and other exterior trim.
Make sure the front steps are clear and hazard-free. Make sure the doorbell works properly and has a pleasant sound.
Ensure that all exterior lights are working.
Check stucco walls for cracks and discoloration.
Remove any oil and rust stains from the driveway and garage.
Clean and organize the garage, and ensure the door is in good working order.
Shampoo carpeting or replace if worn. Clean tile floors, particularly the caulking.
Brighten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens.
Repair leaky faucets and caulking in bathtubs and showers.
Repair or replace loose knobs on doors and cabinets. If doors stick or squeak, fix them.
Make sure toilet seats look new and are firmly attached.
Repair or replace loud ventilating fans.
Replace worn shower curtains.
Rearrange furniture to make rooms appear larger. If possible, remove and/or store excess furniture, and avoid extension cords in plain view.
Remove clutter throughout the house. Organize and clean out closets.
Clean household appliances and make sure they work properly.
Air conditioners/heaters, evaporative coolers, hot water heater should be clean, working and inspected if necessary. Replace filters.
Check the pool and/or spa equipment and pumps. Make sure all are working properly and that the pool and/or spa are kept clean.
Inspect fences, gates and latches. Repair or replace as needed.
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Staging your home for Show
To make the best impression, keep your home clean, neat, uncluttered and in good repair. Please review this list prior to each showing:
Keep everything clean. A messy or dirty home will cause prospective buyers to notice every flaw.
Clear all clutter from counter tops.
Let the light in. Raise shades, open blinds, pull back the curtains and turn on the lights.
Get rid of odors such as tobacco, pets, cooking, etc., but don’t overdo air fresheners or potpourri. Fresh baked bread and cinnamon can make a positive impact.
Send pets away or secure them away from the house, and be sure to clean up after them.
Close the windows to eliminate street noise.
If possible you, your pets, and your children should be gone while your home is being shown.
Clean trash cans and put them out of sight.
If you must be present while your home is shown, keep noise down. Turn off the TV and radio. Soft, instrumental music is fine, but avoid vocals.
Keep the garage door closed and the driveway clear. Park autos and campers away from your home during showings
Hang clean attractive guest towels in the bathrooms.
Check that sink and tub are scrubbed and unstained.
Make beds with attractive spreads.
Stash or throw out newspapers, magazines, junk mail.
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Terms You Should Know
Appraisal
An estimate of value of property resulting from analysis of facts about the property; an opinion of value.
Annual Percentage Rate (APR)
The borrower’s costs of the loan term expressed as a rate. This is not their interest rate.
Beneficiary
The recipient of benefits, often from a deed of trust; usually the lender.
Closing Disclosure (CD)
Closing Disclosure form designed to provide disclosures that will be helpful to borrowers in understanding all of the costs of the transaction. This form will be given to the consumer three (3) business days before closing.
Close of Escrow
Generally the date the buyer becomes the legal owner and title insurance becomes effective.
Comparable Sales
Sales that have similar characteristics as the subject real property, used for analysis in the appraisal. Commonly called “comps.”
Consummation
Occurs when the borrower becomes contractually obligated to the creditor on the loan, not, for example, when the borrower becomes contractually obligated to a seller on a real estate transaction. The point in time when a borrower becomes contractually obligated to the creditor on the loan depends on applicable State law. Consummation is not the same as close of escrow or settlement.
Deed of Trust
An instrument used in many states in place of a mortgage.
Deed Restrictions
Limitations in the deed to a parcel of real property that dictate certain uses that may or may not be made of the real property.
Disbursement Date
The date the amounts are to be disbursed to a buyer and seller in a purchase transaction or the date funds are to be paid to the borrower or a third party in a transaction that is not a purchase transaction.
Earnest Money Deposit
Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment.
Easement
A right, privilege or interest limited to a specific purpose that one party has in the land of another.
Endorsement
As to a title insurance policy, a rider or attachment forming a part of the insurance policy expanding or limiting coverage.
Hazard Insurance
Real estate insurance protecting against fire, some natural causes, vandalism, etc., depending upon the policy. Buyer often adds liability insurance and extended coverage for personal property.
Impounds
A trust type of account established by lenders for the accumulation of borrower’s funds to meet periodic payments of taxes, mortgage insurance premiums and/or future insurance policy premiums, required to protect their security.
Legal Description
A description of land recognized by law, based on government surveys, spelling out the exact boundaries of the entire parcel of land. It should so thoroughly identify a parcel of land that it cannot be confused with any other.
Lien
A form of encumbrance that usually makes a specific parcel of real property the security for the payment of a debt or discharge of an obligation. For example, judgments, taxes, mortgages, deeds of trust.
Loan Estimate (LE)
Form designed to provide disclosures that will be helpful to borrowers in understanding the key features, costs and risks of the mortgage loan for which they are applying. Initial disclosure to be given to the borrower three (3) business days after application. Mortgage
The instrument by which real property is pledged as security for repayment of a loan.
PITI
A payment that includes Principal, Interest, Taxes, and Insurance.
Power of Attorney
A written instrument whereby a principal gives authority to an agent. The agent acting under such a grant is sometimes called an “Attorney-in-Fact.”
Recording
Filing documents affecting real property with the appropriate government agency as a matter of public record.
Settlement statement
Provides a complete breakdown of costs involved in a real estate transaction.
TRID
TILA-RESPA Integrated Disclosures
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The Life Of An Escrow
THE BUYER
Chooses a Real Estate Agent
Gets pre-approval letter from Lender and provides to Real Estate Agent.
Makes offer to purchase. Upon acceptance, opens escrow and deposits earnest money.
Finalizes loan application with Lender. Receives a Loan Estimate from Lender.
Completes and returns opening package from First American Title.
Schedules inspections and evaluates findings. Reviews title commitment/ preliminary report.
Provides all requested paperwork to Lender (bank statements, tax returns, etc.) All invoices and final approvals should be to the lender no later than 10 days prior to loan consummation.
Lender (or Escrow Officer) prepares CD and delivers to Buyer at least 3 days prior to loan consummation.
Escrow officer or real estate agent contacts the buyer to schedule signing appointment.
Buyer consummates loan, executes settlement documents, & deposits funds via wire transfer.
Documents are recorded and the keys are delivered!
THE SELLER
Chooses a Real Estate Agent
Accepts Buyer’s offer to purchase.
Completes and returns opening package from First American Title, including information such as forwarding address, payoff lender contact information and loan numbers.
Orders any work for inspections and/or repairs to be done as required by the purchase agreement.
Escrow officer or real estate agent contacts the seller to schedule signing appointment.
Documents are recorded and all proceeds from sale are received.
THE ESCROW OFFICER
Upon receipt of order and earnest money deposit, orders title examination.
Requests necessary information from buyers and sellers via opening packages.
Reviews title commitment / preliminary report.
Upon receipt of opening packages, orders demands for payoffs. Contacts buyer or seller when additional information is required for the title commitment/ preliminary report.
All demands, invoices, and fees must be collected and sent to lender at least 10 days prior to loan consummation.
Coordinates with lender on the preparation of the CD.
Reviews all documents, demands, and instructions and prepares settlement statements and any other required documents.
Schedules signing appointment and informs buyer of funds due at settlement.
Once loan is consummated, sends funding package to lender for review.
Prepares recording instructions and submits docs for recording.
Documents are recorded and funds are disbursed. Issues final settlement statement.
THE LENDER
Accepts Buyer’s application and begins the qualification process. Provides Buyer with Loan Estimate.
Orders and reviews title commitment / preliminary report, property appraisal, credit report, employment and funds verification.
Collects information such as title commitment / preliminary report, appraisal, credit report, employment and funds verification. Reviews and requests additional information for final loan approval.
Underwriting reviews loan package for approval.
Coordinates with Escrow Officer on the preparation of the Closing Disclosure, which is delivered to Buyer at least 3 days prior to loan consummation.
Delivers loan documents to escrow.
Upon review of signed loan documents, authorizes loan funding.
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Note: Prorated items will appear on Closing Statement as charges for one and credits for the other.
AZ Sellers Guide | 11 CASH FHA VA CONV 1. Downpayment BUYER BUYER BUYER BUYER 2. Termite (Wood Infestation) Inspection (negotiable except on VA) SELLER 3. Property Inspection (if requested by buyer) BUYER BUYER BUYER BUYER 4. Property Repairs, if any (negotiable) SELLER SELLER SELLER SELLER 5. New Loan Origination Fee (negotiable) BUYER BUYER BUYER 6. Discount Points (negotiable) BUYER BUYER BUYER 7. Credit Report BUYER BUYER BUYER 8. Appraisal or Extension Fee (negotiable) BUYER BUYER BUYER 9. Existing Loan Payoff SELLER SELLER SELLER SELLER 10. Existing Loan Payoff Demand SELLER SELLER SELLER SELLER 11. Loan Prepayment Penalty (if any) SELLER SELLER SELLER SELLER 12. Next Month’s PITI Payment BUYER BUYER BUYER 13. Prepaid Interest (approx. 30 days) BUYER BUYER BUYER 14. Reserve Account Balance (Credit seller / Charge buyer) PRORATE PRORATE PRORATE 15. FHA MIP, VA Funding Fee, PMI Premium BUYER BUYER BUYER 16. Assessments payoff or proration (sewer, paving, etc.) SELLER 17. Taxes PRORATE PRORATE PRORATE PRORATE 18. Tax Impounds BUYER BUYER BUYER 19. Tax Service Contract SELLER SELLER BUYER 20. Fire/Hazard Insurance BUYER BUYER BUYER BUYER 21 Flood Insurance BUYER BUYER BUYER 22. Homeowners Association (HOA) Transfer Fee BUYER or SELLER BUYER or SELLER BUYER or SELLER BUYER or SELLER 23. HOA/Disclosure Fee SELLER SELLER SELLER SELLER 24 Current HOA Payment PRORATE PRORATE PRORATE PRORATE 25. Next Month’s HOA Payment BUYER BUYER BUYER BUYER 26. Home Warranty Premium (negotiable) BUYER or SELLER BUYER or SELLER BUYER or SELLER BUYER or SELLER 27. REALTORS®’ Commissions SELLER SELLER SELLER SELLER 28. EAGLE Homeowners Title Policy SELLER SELLER SELLER SELLER 29. Lenders Title Policy and Endorsements BUYER BUYER BUYER 30. Escrow Fee (NOTE: Charge seller on VA Loan) SPLIT SPLIT SELLER SPLIT 31. Recording Fees (Flat rate) SPLIT SPLIT SPLIT SPLIT 32. Reconveyance/Satisfaction Fee SELLER SELLER SELLER SPLIT 33. Courier/Express Mail Fees SPLIT SPLIT SELLER SPLIT THIS CHART INDICATES WHO CUSTOMARILY PAYS WHAT COSTS
Closing Costs: Who Pays What
The Escrow Process
WHAT IS AN ESCROW?
The escrow is the process of having a neutral party manage the exchange of money for real property. The escrow holder is known as an escrow or settlement officer or agent. The buyer deposits funds and the seller deposits a deed with the escrow holder along with all of the other documents required to remove all "contingencies" (conditions and approvals) in the purchase agreement prior to closing.
HOW IS AN ESCROW OPENED?
Once a purchase agreement is signed by all necessary parties, the agent representing the party who will pay the fee selects an escrow holder and the buyer's earnest money deposit and contract are submitted to the escrow holder. From this point, the escrow holder will follow the mutual written instructions of the buyer and seller, maintaining a neutral stance to ensure that neither party has an unfair advantage over the other. The escrow holder also follows the instructions of the Buyer's new lender, the seller's existing lender, and both parties' agents. The escrow holder ensures the transparency of the transaction, while carefully maintaining the privacy of the consumers.
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Your Escrow Professional May:
Open escrow and deposit good faith funds into an escrow account
Conduct a title search to determine the ownership and title status of the real property
Review the title commitment and begin the process of working with you and the title officer to eliminate the title exceptions the buyer and the buyer’s new lender are not willing to take subject to. This includes ordering a payoff demand from your existing lender.
Coordinate with the buyer’s lender on the preparation of the Closing Disclosure (CD)
Prorate fees, such as real property taxes, per the contract and prepare the settlement statement
Set separate appointments allowing the buyer and seller to sign documents and deposit funds
Review documents and ensure all conditions are fulfilled and certain legal requirements are met
Request funds from buyer and buyer’s new lender
When all funds are deposited and conditions met, record documents with the County Recorder to transfer the real property to the buyer
After recording is confirmed, close escrow and disburse funds, including proceeds, loan payoffs, tax payments, and more
Prepare and send final documents to all parties
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Understanding Title Insurance
The Title Industry & Title Insurance in Brief
Prior to the development of the title industry in the late 1800s, a home-buyer received a grantor’s warranty, attorney’s title opinion, or abstractor’s certificate as assurance of home ownership. The buyer relied on the financial integrity of the grantor, attorney, or abstractor for protection. Today, home-buyers look primarily to title insurance to provide this protection. Title insurance companies are regulated by state statute. They are required to post financial guarantees to ensure that any claims will be paid in a timely fashion. They also must maintain their own “title plants” which house duplicates of recorded deeds, mortgages, plats, and other pertinent county property records.
WHAT IS TITLE INSURANCE?
Title insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.
WHY IS TITLE INSURANCE NEEDED?
Title insurance insures buyers against the risk that they did not acquire marketable title from the seller. It is primarily designed to reduce risk or loss caused by defects in title from the past. A loan policy of title insurance protects the interest of the mortgage lender, while an owner’s policy protects the equity of you, the buyer, for as long as you or your heirs (in certain policies) own the real property.
WHEN IS THE PREMIUM DUE?
You pay for your owner’s title insurance policy only once, at the close of escrow. Who pays for the owner’s policy and loan policy varies depending on local customs.
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AZ Sellers Guide | 15 Compare First American’s Eagle Policy® for Owners EAGLE ALTA Standard or CLTA Protection from: 1 Someone else owns an interest in your title 2 A document is not properly signed 3 Forgery, fraud, duress in the chain of title 4 Defective recording of any document 5 There are restrictive covenants 6 There is a lien on your title because there is: a) a deed of trust b) a judgement, tax, or special assessment c) a charge by a homeowner’s association 7 Title is unmarketable 8 Mechanics lien 9 Forced removal of a structure because it: a) extends on another property and/or easement b) violates a restriction in Schedule B c) violates an existing zoning law* 10 Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance 11 Unrecorded lien by a homeowners association 12 Unrecorded easements 13 Building permit violations* 14 Restrictive covenant violations 15 Post-policy forgery 16 Post-policy encroachment 17 Post-policy damage from extraction of minerals or water 18 Lack of vehicular and pedestrian access 19 Map not consistent with legal description 20 Post-policy adverse possession Compare First American’s Eagle Policy® for Owners EAGLE ALTA Standard or CLTA 21 Post-policy prescriptive easement 22 Covenant violation resulting in your title reverting to a previous owner 23 Violation of building setback regulations 24 Discriminatory covenants Other benefits: 25 Pays rent for substitute land or facilities 26 Rights under unrecorded leases 27 Plain language statements of policy coverage and restrictions 28 Compliance with Subdivision Map Act 29 Coverage for boundary wall or fence encroachment* 30 Added ownership coverage leads to enhanced marketability 31 Insurance coverage for a lifetime 32 Post-policy inflation coverage with automatic increase in value up to 150% over five years 33 Post-policy Living Trust coverage * Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy. As with any insurance contract, the insuring provisions express the coverage afforded by the title insurance policy and there are exceptions, exclusions and conditions to coverage that limit or narrow the coverage afforded by the policy. Also, some coverage may not be available in a particular area or transaction due to legal, regulatory, or underwriting considerations. Please contact a First American representative for further information. The services described above are typical basic services. The services provided to you may be different due to the specifics of your transaction or the location of the real property involved.
Consider This
One escrow transaction could involve more than 20 individuals, including real estate agents, buyers, sellers, attorneys, escrow officer, escrow technician, title officer, loan officer, loan processor, loan underwriter, home inspector, termite inspector, insurance agent, home warranty representative, contractor, roofer, plumber, pool service, and so on. And often, one transaction depends on another.
When you consider the number of people involved, you can imagine the opportunities for delays and mishaps. Your experienced escrow team can’t prevent unforeseen problems from arising; however, they can help smooth out the process.
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Closing Your Escrow
THE CLOSING DISCLOSURE
Once the loan is approved and all invoices and paperwork have been provided, the lender and escrow officer will collaborate on the preparation of the Closing Disclosure (CD). In order to close on time, all paperwork and invoices should be submitted at least 10 days prior to the expected close of escrow date. The borrower must receive the CD at least three days* prior to consummation of the loan (typically the signing date). The escrow officer will also prepare an estimated settlement statement and inform the buyer of the balance of the down payment and closing costs needed to close escrow. *For purposes of the Closing Disclosure“business day” is defined as every day except Sundays and Federal legal holidays.
THE CLOSING OR SIGNING APPOINTMENT
The escrow holder will contact you or your agent to schedule a closing or signing appointment. In some states, this is the "close of escrow." In some others, the close of escrow is either the day the documents record or that funds are disbursed. Ask your escrow holder if you would like clarification about your state's laws.
You will have a chance to review the settlement statement and supporting documentation. This is your opportunity to ask questions and clarify terms. You should review the settlement statement carefully and report discrepancies to the escrow officer. This includes any payments that may have been missed. You are responsible for all charges incurred even if overlooked by the escrow holder, so it's better to bring these to their attention before closing.
The escrow holder is obligated by law to have the designated amount of money before releasing any funds. If you have questions or foresee a problem, let your escrow holder know immediately.
DON'T FORGET YOUR IDENTIFICATION
You will need valid identification with your photo I.D. on it when you sign documents that need to be notarized (such as a deed). A driver's license is preferred. You will also be asked to provide your social security number for tax reporting purposes, and a forwarding address.
WHAT HAPPENS NEXT?
If the buyer is obtaining a new loan, the buyer’s signed loan documents will be returned to the lender for review. The escrow holder will ensure that all contract conditions have been met and will ask the lender to "fund the loan." If the loan documents are satisfactory, the lender will send funds directly to the escrow holder. When the loan funds are received, the escrow holder will verify that all necessary funds are in. Escrow funds will be disbursed to the seller and other appropriate payees. Then, the REALTOR® will present the keys to the property to the buyer.
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Planning your move
SIX WEEKS BEFORE:
Create an inventory sheet of items to move.
Research moving options You’ll need to decide if yours is a do-it-yourself move or if you’ll be using a moving company.
Request moving quotes Solicit moving quotes from as many moving companies and movers as possible. There can be a large difference between rates and services within moving companies.
Discard unnecessary items Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.
Packing materials. Gather moving boxes and packing materials for your move.
Contact insurance companies. (Life, Health, Fire, Auto) You’ll need to contact your insurance agent to cancel/transfer your insurance policy. Do not cancel your insurance policy until you have and closed escrow on the sale.
Seek employer benefits. If your move is work-related, your employer may provide funding for moving expenses. Your human resources rep should have information on this policy.
Changing Schools. If changing schools, contact new school for registration process.
FOUR WEEKS BEFORE:
Contact utility companies Set utility turnoff date, seek refunds and deposits and notify them of your new address.
Obtain your medical records. Contact your doctors, physicians, dentists and other medical specialists who may currently be retaining any of your family’s medical records. obtain these records or make plans for them to be delivered to your new medical facilities.
Note food inventory levels Check your cupboards, refrigerator and freezer to use up as much of your perishable food as possible.
Service small engines for your move by extracting gas and oil from the machines. This will reduce the chance to catch fire during your move.
Protect jewelry and valuables. Transfer jewelry and valuables to safety deposit box so they can not be lost or stolen during your move.
Borrowed and rented items. Return items which you may have borrowed or rented. Collect items borrowed to others.
ONE WEEK BEFORE:
Plan your itinerary. Make plans to spend the entire day at the house or at least until the movers are on their way. Someone will need to be around to make decisions. Make plans for kids and pets to be at the sitters for the day.
Change of address. Visit USPS for change of address form.
Bank accounts Notify bank of address change. Make sure to have a money order for paying the moving company if you are transferring or closing accounts.
Service automobiles If automobiles will be driven long distances, you’ll want to have them serviced for a trouble-free drive.
Cancel services. Notify any remaining service providers (newspapers, lawn services, etc) of your move.
Start packing. Begin packing for your new location.
Travel items. Set aside items you’ll need while traveling and those needed until your new home is established. Make sure these are not packed in the moving truck!
Scan your furniture. Check furniture for scratches and dents before so you can compare notes with your mover on moving day.
Prepare Floor Plan. Prepare floor plan for your new home. This will help avoid confusion for you and your movers.
MOVING DAY:
Review the house. Once the house is empty, check the entire house (closets, the attic, basement, etc) to ensure no items are left or no home issues exist.
Sign the bill of lading. Once your satisfied with the mover’s packing your items into the truck, sign the bill of lading. If possible, accompany your mover while the moving truck is being weighed.
Double check with your mover. Make sure your mover has the new address and your contact information should they have any questions during your move.
Vacate your home. Make sure utilities are off, doors and windows are locked and notify your real estate agent you’ve left the property.
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Your Notes:
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Your Notes:
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Your Notes:
1 SUN CITY WES T
623.299.3644
13940 W. Meeker Blvd, #119
Sun City West, AZ 85375
N of Meeker Blvd W of R.H. Johnson
2 THE LEGENDS
623.537.1608
20241 N. 67th Ave, #A-2
Glendale, AZ 85308
E side 67th Ave/N of 101
3 ANTHEM
623.551.3265
39508 N. Daisy Mountain Dr, #128
Anthem, AZ 85086
NE corner Daisy Mtn Dr/Gavilan Peak Pkwy
4 TATUM RIDGE
480.515 4369
11211 N Tatum Blvd, #A150
Phoenix, AZ 85028
N of Shea, E side of Tatum
5 CAREFREE
480.575.6609
7202 E. Carefree Dr, Bldg 1, #1
Carefree, AZ 85377
NE corner of Tom Darlington/Carefree Dr.
6 SCOTTSDALE FORUM
480.551.0480
6263 N. Scottsdale Rd, #110
Scottsdale, AZ 85250
E Side Scottsdale/S of Lincoln
7 DC CROSSING
480.563.9034
18291 N. Pima Rd, #145
Scottsdale, AZ 85255
SE corner of Pima/Legacy
8 CHANDLER PORTICO
480.777.0051
2121 W. Chandler Blvd., #215
Chandler, AZ 85224
SW Corner Chandler Blvd./Dobson Rd.
9 GILBERT SAN TAN
480.777.0614
1528 E. Williams Field Rd. #101
Gilbert, AZ 85295
NW corner of Williams Field Rd./Val Vista Rd.
10 MESA
480.401.3738
1630 S. Stapley Dr, #123
Mesa, AZ 85204
N of Baseline / W of Stapley
11 RED MOUNTAIN
480.534.3599
1135 N. Recker Rd, #103
Mesa, AZ 85205
SE corner of Recker & Brown
12 GOLD CANYON
480.288.0883
6877 South Kings Ranch Rd, #5
Gold Canyon, AZ 85118
E of 60/South Side Kings Ranch Rd.
1 4 3 2 6 12 10 5 8 7 11 9 CRISMON SIGNAL BUTTE GOLDFIELD OLDWESTHWY SKINGSRANCH
First American Title Branch Locator
Central Arizona
Guide | 22
AZ Sellers
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