Issuu

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.

YOU SHOULD BE AWARE OF PRECAUTIONS IN THE REAL ESTATE CLOSING PROCESS

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. www.firstam.com

01100180621

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This report is not an insured product or service or a representation of the condition of title to real property. It is not an abstract, legal opinion, opinion of title, title insurance commitment or preliminary report, or any form of Title Insurance or Guaranty. This report is issued exclusively for the benefit of the Applicant therefor and may not be used or relied upon by any other person. This report may not be reproduced in any manner without First Americans prior written consent. First American does not represent or warrant that the information herein is complete or free from error, and the information herein is provided without any warranties of any kind, as-is, and with all faults. As a material part of the consideration given in exchange for the issuance of this report, recipient agrees that First Americans sole liability for any loss or damage caused by an error or omission due to inaccurate information or negligence in preparing this report shall be limited to the fee charged for the report. Recipient accepts this report with this limitation and agrees that First American would not have issued this report but for the limitation of liability described above. First American makes no representation or warranty as to the legality or propriety of recipient's use of the information herein.

Subject Property

APN: 201-13-104

Data Provided By:

First American Title Ins Co

7165 W Softwind Dr Peoria AZ 85383

Data Provided By:

Disclaimer

This REiSource report is provided "as is" without warranty of any kind, either express or implied, including without limitations any warrantees of merchantability or fitness for a particular purpose. There is no representation of warranty that this information is complete or free from error, and the provider does not assume, and expressly disclaims, any liability to any person or entity for loss or damage caused by errors or omissions in this REiSource report without a title insurance policy.

The information contained in the REiSource report is delivered from your Title Company, who reminds you that you have the right as a consumer to compare fees and serviced levels for Title, Escrow, and all other services associated with property ownership, and to select providers accordingly. Your home is the largest investment you will make in your lifetime and you should demand the very best.

First

American Title Ins Co

Subject Property : 7165 W Softwind Dr Peoria AZ 85383

Owner Information

Owner Name : Ballecer Conrad D / Ballecer Michelle M

Mailing Address : 7165 W Softwind Dr, Peoria AZ 85383 R032

Vesting Codes : Husband/wife / / Community Property

Owner Occupied Indicator : O

Location Information

Legal Description : Lot 41 Wyndham Village Mcr 543-04

County : Maricopa, Az

Census Tract / Block : 6112.00 / 2

Township-Range- Sect : 04N-01E-12

Legal Lot : 41

APN : 201-13-104

Last Market Sale Information

Recording/Sale Date : 05/02/2011 / 04/12/2011

Sale Price : $457,500

Document # : 370048

Subdivision : Wyndham Village

Map Reference : 54304

School District : Deer Valley 97

Munic/Township : Peoria

Neighbor Code : 15-003

1st Mtg Document # : 370049

1st Mtg Term : 30

Price Per SqFt : $114.81

Deed Type : Special Warranty Deed 2nd Mtg Amount/Type : $88,400 / Conv

1st Mtg Amount/Type : $353,600 / Cnv

Title Company : Chicago Title Co

Lender : Compass Bk

Seller Name : National Residl Nominee Svcs

Prior Sale Information

Prior Rec/Sale Date : 05/02/2011 / 09/24/2010

Prior Sale Price : $447,500

Prior Doc Number : 370047

Prior Deed Type : Warranty Deed

Property Characteristics

Gross Area : 3,985

Living Area : 3,985

Total Rooms : 10

Year Built / Eff : 2002

# of Stories : 2

Parking Type : Garage

Property Information

Land Use : Sfr

Zoning : R1-18

Tax Information

Garage Capacity : 5

Pool : Pool

Roof Material : Concrete Tile Air Cond : Refrigeration

Heat Type : Forced Air Quality : Good

Cooling Type : Forced Air Condition : Average

Exterior wall : Frame Wood

Bath Fixtures : 14

Patio Type : Covered Patio Pool Size : 630

Lot Acres : 0.47

Lot Size : 20,640

State Use : Single Fam Resurban Subd ( 5 )

Total Value : $518,100 Assessed Year : 2022 Tax Rate Area : 971200

Land Value : $103,600

Improve % : 80% Market Value : $518,100 Improvement

Tax Year : 2022

Current Assessed Year : 2024

Value : $414,500

Total Taxable Value : $51,810 Property

Tax :

Sales Analysis Criteria Subject Property Low High Average Sale Price $457,500 $752,000 $3,500,000 $1,318,750 Bldg/Living Area 3985 3402 4457 4042 Price Per Square Foot $114.81 $169 $850 $328.32 Year Built 2002 1996 2021 2007 Lot Size 20,640 10,165 52,795 29,096 Bedrooms Bathrooms 5 4 7 5 Stories 2 1 2 2 Total Assessed Value $518,100 $407,000 $987,200 $603,290 Distance From Subject 0 0.08 0.95 0.56 Summary of Comparables # Address Sale Price Total Assessed Value Sale Date Bed Bath Living Area Lot Size Year Built Dist (Miles) Zoning S 7165 W Softwind Dr 457,500 518,100 05/02/2011 5 3,985 20,640 2002 R1-18 1 7149 W Avenida Del Sol 1,150,000 531,100 08/28/2023 5 4,362 20,425 2002 0.08 R1-18 2 7297 W Avenida Del Sol 1,010,000 582,500 03/28/2023 5 4,362 25,623 2002 0.18 R1-18 3 24224 N 72nd Ave 982,000 504,100 03/03/2023 4 3,527 52,795 1996 0.24 SR-43 4 24380 N 72nd Ave 2,100,000 805,600 05/19/2023 5 3,402 51,422 2021 0.27 SR-43 5 7164 W Electra Ln 915,000 507,200 04/14/2023 5 3,984 18,000 2002 0.28 R1-18 6 7182 W Electra Ln 900,000 489,600 07/07/2023 5 3,985 18,000 2001 0.28 R1-18 7 6956 W Calle Lejos 1,155,000 711,300 05/05/2023 6 4,146 50,170 2004 0.34 SR-43 8 24917 N 72nd Ave 1,200,000 719,100 06/09/2023 5 3,738 47,312 2003 0.38 SR-43 9 6850 W Villa Lindo Dr 1,975,000 884,100 06/14/2023 5 4,164 50,315 2007 0.49 SR-43 10 23251 N 75th Dr 1,400,000 631,000 03/17/2023 6 4,369 15,000 2020 0.64 PLANNED AREA DEVELOPMENT 11 7316 W Fallen Leaf Ln 1,390,000 700,500 01/05/2024 5 3,809 44,763 2014 0.65 SR-43 Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 02/26/2024 © 2024 CoreLogic. All rights reserved

12 7580 W Questa Dr 1,850,000 772,800 04/12/2023 5 4,416 35,000 2016 0.65 SR-35 13 7315 W Crabapple Dr 752,000 411,000 05/18/2023 5 4,457 10,165 2000 0.71 R1-10 14 7322 W Crabapple Dr 875,000 407,000 07/06/2023 5 3,917 10,250 1999 0.74 R1-10 15 6531 W Leiber Pl 1,225,000 499,300 06/08/2023 5 3,826 16,296 2012 0.76 R1-18 16 23252 N 76th Ln 1,550,000 616,000 06/29/2023 6 4,353 18,360 2020 0.79 PLANNED AREA DEVELOPMENT 17 6583 W Parkside Ln 3,500,000 987,200 12/15/2023 7 4,117 47,361 2017 0.83 RURAL RESIDENTIAL 18 25287 N 74th Ave 765,000 426,600 04/27/2023 5 4,457 11,842 2000 0.92 R1-10 19 25474 N 69th Ave 860,000 454,200 11/14/2023 4 3,722 20,773 2002 0.94 R1-8 20 25473 N 69th Ave 821,000 425,600 09/26/2023 4 3,722 18,039 2001 0.95 R1-8 Distressed Sales = Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 02/26/2024 © 2024 CoreLogic. All rights reserved

Details of Comparables

Subject Property: 7165 W Softwind Dr Peoria Az 85383

Owner Name: Ballecer Conrad D /Ballecer Michelle M

APN / Alternate APN: 201-13-104 / Deed Type: Special Warranty Deed

Subdivision / Tract: Wyndham Village / Lot Size: 20,640

Rec. Date / Price: 05/02/2011 / $457,500

Document #: 370048

Total Tax Value: $518,100

#1 7149 W Avenida Del Sol Peoria Az 85383

Living Area: 3,985

Bedrooms:

Bath(F/H): /

Owner Name: Mirzakandov Yuriy /Redlon Melissa

APN / Alternate APN: 201-13-129 / Deed Type: Warranty Deed

Subdivision / Tract: Wyndham Village / Lot Size: 20,425

Rec. Date / Price: 08/28/2023 / $1,150,000 Living Area: 4,362

Document #: 449918

#2 7297 W Avenida Del Sol Peoria Az 85383

Bedrooms:

Bath(F/H): /

Owner Name: Terpay Family Trust /

APN / Alternate APN: 201-13-120 / Deed Type: Warranty Deed

Subdivision / Tract: Wyndham Village / Lot Size: 25,623

Land Use: Sfr

Year Built / Eff: 2002 /

# of units:

Pool: Pool

Land Use: Sfr

Year Built / Eff: 2002 /

# of units:

Pool: Pool

Land Use: Sfr

Year Built / Eff: 2002 / Rec. Date / Price: 03/28/2023 / $1,010,000 Living Area: 4,362

Document #: 155608

#3 24224 N 72nd Ave Peoria Az 85383

Bath(F/H): /

Owner Name: Nielsen Erik Family Trust /Nielsen Erik B

APN / Alternate APN: 201-13-026-F / Deed Type: Warranty Deed

Subdivision / Tract: / Lot Size: 52,795

# of units:

Pool

Land Use: Sfr

Year Built / Eff: 1996 / Rec. Date / Price: 03/03/2023 / $982,000 Living Area: 3,527

# of units:

Document #: 109429 Bedrooms: Pool: Total

#4 24380 N 72nd Ave Peoria Az 85383

Owner Name: 24380 Az Llc /

APN / Alternate APN: 201-13-026J /201-13-026-E

Deed Type: Warranty Deed

Subdivision / Tract: / Lot Size: 51,422

Land Use: Sfr

Year Built / Eff: 2021 / Rec. Date / Price: 05/19/2023 / $2,100,000 Living Area: 3,402 # of units: Document #: 260316

Total Tax Value: $531,100

Bedrooms: Pool:

Total Tax Value: $582,500

Value:

Tax

$504,100 Bath(F/H): /

Tax Value: $805,600 Bath(F/H):

Bedrooms: Pool: Total

/ Customer

#5 7164 W Electra Ln Peoria Az 85383

Owner Name: Navidi Vahid /Navidi Deborah M

APN / Alternate APN: 201-13-177 / Deed Type: Warranty Deed

Subdivision / Tract: Wyndham Village / Lot Size: 18,000

Land Use: Sfr

Year Built / Eff: 2002 / Rec. Date / Price: 04/14/2023 / $915,000 Living Area: 3,984

#6 7182 W Electra Ln Peoria Az 85383

Owner Name: Ulloa Joanna C /

APN / Alternate APN: 201-13-178 / Deed Type: Warranty Deed

Subdivision / Tract: Wyndham Village / Lot Size: 18,000

Land Use: Sfr

Year Built / Eff: 2001 / Rec. Date / Price: 07/07/2023 / $900,000 Living Area: 3,985 # of units: Document #: 355731 Bedrooms:

#7 6956 W Calle Lejos Peoria Az 85383

Owner Name: Wyatt Floyd L /Wyatt Lori

APN / Alternate APN: 201-13-193-C / Deed Type: Warranty Deed

Subdivision / Tract: / Lot Size: 50,170

Date /

05/05/2023 / $1,155,000

#8 24917 N 72nd Ave Peoria Az 85383

Owner Name: Ford Anthony S /Godbehere Debrah S

Land Use: Sfr

Built / Eff: 2004 /

APN / Alternate APN: 201-13-046-B / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: / Lot Size: 47,312 Year Built / Eff: 2003 /

Rec. Date / Price: 06/09/2023 / $1,200,000 Living Area: 3,738 # of units:

302240

#9 6850 W Villa Lindo Dr Peoria Az 85383

Bath(F/H): /

Owner Name: Lundstrom Family Trust / APN / Alternate APN: 201-13-197-A / Deed Type: Warranty Deed

Land Use: Sfr

Subdivision / Tract: / Lot Size: 50,315 Year Built / Eff: 2007 / Rec. Date /

Document #: 308767 Bedrooms:

#10 23251 N 75th Dr Peoria Az 85383

Owner Name: Brennan Family Living / APN / Alternate APN: 200-07-800 / Deed Type: Warranty Deed

Land Use: Sfr

Subdivision / Tract: Riverwalk / Lot Size: 15,000 Year Built / Eff: 2020 / Rec. Date /

03/17/2023 /

Tax Value: $507,200

# of units: Document #: 192273 Bedrooms: Pool: Pool Total

Bath(F/H): /

Pool:

Tax Value: $489,600 Bath(F/H):

Total

Rec.

Living

Bedrooms: Pool: Total Tax Value: $711,300 Bath(F/H):

Year

Price:

Area: 4,146

of units: Document #: 233883

Tax Value: $719,100

Document #:

Bedrooms: Pool: Pool Total

Price: 06/14/2023

$1,975,000 Living Area: 4,164 # of units:

Pool:

Tax Value: $884,100

Pool Total

Bath(F/H):

Price:

$1,400,000 Living Area: 4,369 # of units:

Tax Value: $631,000 Bath(F/H):

Document #: 134448 Bedrooms: Pool: Pool Total

/ Customer

#11 7316 W Fallen Leaf Ln Peoria Az 85383

Owner Name: Field Katelyn /Field Jared

APN / Alternate APN: 201-13-234 / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: Estates At Happy Valley / Lot Size: 44,763 Year Built / Eff: 2014 /

8380

#12 7580 W Questa Dr Peoria Az 85383

Owner Name: Byrne Josh & Katie Trust / APN / Alternate APN: 201-14-613 / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: Caballos Del Rio / Lot Size: 35,000 Year Built / Eff: 2016 /

Date / Price: 04/12/2023 / $1,850,000

#13 7315 W Crabapple Dr Peoria Az 85383

Owner Name: Phillipson Laura / APN / Alternate APN: 201-09-505 / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: Terramar Prcl 9a / Lot Size: 10,165 Year Built / Eff: 2000 / Rec. Date / Price: 05/18/2023 / $752,000 Living Area: 4,457 # of units: Document #: 257425 Bedrooms:

#14 7322 W Crabapple Dr Peoria Az 85383

Owner Name: Sandoval Angel E /Cordero Sara A Y

APN / Alternate APN: 201-09-478 / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: Terramar Prcl 9a / Lot Size: 10,250

Rec. Date / Price: 07/06/2023 / $875,000

Document #: 351300

#15 6531 W Leiber Pl Glendale Az 85310

Living Area: 3,917

Bedrooms:

Owner Name: Becker Alexandrea E /Becker Joshua

APN / Alternate APN: 201-12-854 / Deed Type: Warranty Deed

Subdivision / Tract: Tuscany Ranch / Lot Size: 16,296

Rec. Date / Price: 06/08/2023 / $1,225,000 Living Area: 3,826

Document #: 299537

Year Built / Eff: 1999 /

# of units:

Pool: Pool

Land Use: Sfr

Year Built / Eff: 2012 /

# of units:

Bedrooms: Pool: Pool

Bath(F/H): /

Living

Bedrooms: Pool:

Total Tax Value: $700,500 Bath(F/H):

Rec. Date / Price: 01/05/2024 / $1,390,000

Area: 3,809

of units: Document

Pool

Living

Bedrooms: Pool:

Total Tax Value: $772,800 Bath(F/H):

Rec.

Area: 4,416 # of units: Document

186965

Pool

Tax Value: $411,000 Bath(F/H):

Pool: Pool Total

Total Tax Value: $407,000 Bath(F/H):

Total Tax Value: $499,300

#16 23252 N 76th Ln Peoria Az 85383

Owner Name: Michaels Brandon /Michaels Danielle

APN / Alternate APN: 200-07-788 / Deed Type: Warranty Deed

Land Use: Sfr

Subdivision / Tract: Riverwalk / Lot Size: 18,360 Year Built / Eff: 2020 / Rec. Date / Price: 06/29/2023 / $1,550,000 Living Area: 4,353 # of units:

341104

#17 6583 W Parkside Ln Glendale Az 85310

Owner Name: Verdugo Alexander B /

APN / Alternate APN: 200-03-008-A / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: / Lot Size: 47,361 Year Built / Eff: 2017 /

Rec. Date / Price: 12/15/2023 / $3,500,000 Living Area: 4,117 # of units: Document

#18 25287 N 74th Ave Peoria Az 85383

Owner Name: Brar Gurpreet /

APN / Alternate APN: 201-34-547 / Deed Type: Warranty Deed

Subdivision / Tract: Terramar Prcl 14 Rep / Lot Size: 11,842

Date / Price: 04/27/2023 / $765,000

Area: 4,457

Land Use: Sfr

Built / Eff: 2000 /

#19 25474 N 69th Ave Peoria Az 85383

Owner Name: Burz Dennis E /Burz Linda D

APN / Alternate APN: 201-34-690 / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: Terra Vista Estates Amd / Lot Size: 20,773 Year Built / Eff: 2002 /

Rec. Date / Price: 11/14/2023 / $860,000 Living Area: 3,722

# of units:

Document #: 588170 Bedrooms: Pool: Pool Total Tax

#20 25473 N 69th Ave Peoria Az 85383

Owner Name: Havdar Amjed /Mohammed Mays

APN / Alternate APN: 201-34-692 / Deed Type: Warranty Deed Land Use: Sfr

Subdivision / Tract: Terra Vista Estates

Rec. Date / Price: 09/26/2023 / $821,000 Living Area: 3,722 # of units:

Document

501604

Tax Value:

Document #:

Bedrooms: Pool: Total

$616,000 Bath(F/H): /

Total Tax Value: $987,200 Bath(F/H):

#: 640240 Bedrooms: Pool: Pool

Living

Bedrooms: Pool:

Total Tax Value: $426,600 Bath(F/H):

Year

Rec.

of units: Document #: 215545

Pool

Value: $454,200 Bath(F/H): /

Amd / Lot Size: 18,039 Year Built / Eff: 2001 /

Bedrooms: Pool: Pool Total Tax Value: $425,600 Bath(F/H): /

Name : Chantel Cortez

Customer

7183 W SOFTWIND DR Distance 0.02 Miles

Owner Name : Revere Robert J

Sale Date : 03/16/2021

Total Value : $524,200

Bed / Bath : / 5

Land Use : Sfr

Stories : 2

Subdivision : Wyndham Village

Recording Date : 03/24/2021

Sale Price : $859,000

Property Tax : $4,889.70

Lot Acres : 0.47

Living Area : 4,155

Yr Blt / Eff Yr Blt : 2002 / APN : 201-13-103

7147 W SOFTWIND DR Distance 0.02 Miles

Owner Name : Espiritu

Sale Date : 03/12/2002

Total Value : $528,000

Bed / Bath : / 5

Land Use : Sfr

Stories : 2

Subdivision : Wyndham Village

Recording Date : 03/14/2002

Sale Price : $385,380

Property Tax : $4,929.48

Lot Acres : 0.47

Living Area : 4,361

Yr Blt / Eff Yr Blt : 2001 / APN : 201-13-105

7129 W SOFTWIND DR Distance 0.04 Miles

Owner Name : Faussette Jacob

Sale Date : 07/29/2020

Total Value : $531,200

Bed / Bath : / 5

Land Use : Sfr

Stories : 2

Subdivision : Wyndham Village

Recording Date : 07/30/2020

Sale Price : $647,000

Property Tax : $4,962.98

Lot Acres : 0.49

Living Area : 4,155

Yr Blt / Eff Yr Blt : 2002 / APN : 201-13-106

Owner Name : Peck Trevor D

Sale Date : 08/05/2002

Total Value : $569,100

Bed / Bath : / 6

Land Use : Sfr

Stories : 2

0.04 Miles

Subdivision : Wyndham Village

Recording Date : 08/12/2002

Sale Price : $420,427

Property Tax : $5,359.88

Lot Acres : 0.62

Living Area : 4,155

Yr Blt / Eff Yr Blt : 2002 / APN : 201-13-102

7199 W SOFTWIND DR Distance

Customer Name

7168 W AVENIDA DEL SOL Distance 0.04 Miles

Owner Name : Beyer Adam C

Sale Date : 08/08/2019

Total Value : $556,500

Bed / Bath : / 5

Land Use : Sfr

Stories : 2

Subdivision : Wyndham Village

Recording Date : 08/26/2019

Sale Price : $647,500

Property Tax : $3,708.08

Lot Acres : 0.47

Living Area : 4,361

Yr Blt / Eff Yr Blt : 2001 / APN : 201-13-111

7166 W SOFTWIND DR Distance 0.04 Miles

Owner Name : Shimerdla Family Trust Subdivision : Wyndham Village

Sale Date : 02/11/2002

Total Value : $523,600

Bed / Bath : / 5

Land Use : Sfr

Stories : 1

Recording Date : 02/14/2002

Sale Price : $318,777

Property Tax : $4,883.40

Lot Acres : 0.47

Living Area : 3,750

Yr Blt / Eff Yr Blt : 2001 / APN : 201-13-087

7184 W SOFTWIND DR Distance 0.04 Miles

Owner Name : Somrit Chotipong

Sale Date : 08/09/2019

Total Value : $522,700

Bed / Bath : / 5

Land Use : Sfr

Stories : 2

Subdivision : Wyndham Village

Recording Date : 08/14/2019

Sale Price : $550,000

Property Tax : $4,873.98

Lot Acres : 0.47

Living Area : 4,155

Yr Blt / Eff Yr Blt : 2001 / APN : 201-13-088

7186 W AVENIDA DEL SOL Distance 0.04 Miles

Owner Name : Brandt Casey Subdivision : Wyndham Village

Sale Date : 11/22/2013

Total Value : $519,800

Bed / Bath : / 5

Land Use : Sfr

Stories : 2

Recording Date : 12/12/2013

Sale Price : $535,000

Property Tax : $4,669.32

Lot Acres : 0.47

Living Area : 4,155

Yr Blt / Eff Yr Blt : 2001 / APN : 201-13-112 Customer

7150 W AVENIDA DEL SOL Distance 0.04 Miles

Owner Name : Scaramella Family Revocable Tr

Sale Date : 03/00/2002

Total Value : $517,200

Bed / Bath : / 5

Land Use : Sfr

Stories : 2

Subdivision : Wyndham Village

Recording Date : 03/20/2002

Sale Price : $361,589

Property Tax : $4,816.38

Lot Acres : 0.47

Living Area : 3,984

Yr Blt / Eff Yr Blt : 2001 / APN : 201-13-110

Owner Name : Davis Lucas

Sale Date : 09/06/2016

Total Value : $555,800

Bed / Bath : / 5

Land Use : Sfr

Stories : 1

Subdivision : Wyndham Village

Recording Date : 10/20/2016

Sale Price : $559,900

Property Tax : $5,214.58

Lot Acres : 0.47

Living Area : 3,750

Yr Blt / Eff Yr Blt : 2001 / APN : 201-13-086

7148 W SOFTWIND DR Distance 0.04 Miles

Census Tract / block: 6112.00 / 2 Year: 2020 Household Population Population by Age Count: 6,954 0 - 11 Estimate Current Year: 7,646 12 - 17 Estimate in 5 Years: 11,171 18 - 24 5.84% Growth Last 5 Years: 15.9% 25 - 64 50.52% Growth Last 10 Years: -179.17% 65 - 74 7.61% 75+ Household Size Household Income Current Year: 2,007 0 - $25,000 3.09% Average Current Year: 3.45 $25,000 - $35,000 3.19% Estimate in 5 Years: 3,116 $35,000 - $50,000 2.84% Growth Last 5 Years: 14.75% $50,000 - $75,000 4.63% Growth Last 10 Years: 19.43% $75,000 - $100,000 8.42% Male Population: 50.5% Above $100,000 77.83% Female Population: 49.5% Average Household Income: $155,708 Married People: 68.04% Unmarried People: 31.96% Housing Median Mortgage Payments Home Values Under $300: 0.6% Below $100,000: 1.19% $300 - $799: 13.77% $100,000 - $150,000: 0% $800 - $1,999: 28.35% $150,000 - $200,000: 0.05% Over $2,000: 57.29% $200,000 - $300,000: 10.19% Median Home Value: $434,600 $300,000 - $500,000: 60.22% Unit Occupied Owner: 91.93% Above $500,000: 28.35% Median Mortgage: $1,728 Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 02/26/2024 © 2024 CoreLogic. All rights reserved

Rent Payments Year Built Unit Occupied Renter: 8.07% 1999 - 2000 Median Gross Rent: $2,628 1995 - 1998 Less Than $499 0% 1990 - 1994 $500 - $749 0% 1980 - 1989 1.13% $750 - $999 0% 1970 - 1979 1.86% $1000 and Over 100% 1900 - 1969 0% Education Enrollment Public Pre-Primary School: 2.33% Not Enrolled in School: 65.43% Private Pre-Primary School: 0.12% Not A High School Graduate: 1.63% Public School: 26.15% Graduate Of High School: 13.06% Private School: 8.42% Attended Some College: 20.97% Public College: 3.65% College Graduate: 47.27% Private College: 1.16% Graduate Degree: 17.07% Workforce Occupation: Manager/Prof: 53.94% Private Worker: 71.16% Technical: Government Worker: 8.71% Sales: 28.01% Self Employed Worker: 7.15% Administrative: Unpaid Family Worker: 4.53% Private House Hold: Farming: 4.53% Service: 10.43% Skilled: Protective Services: Blue-Collar: 7.62% Commute Time Less Than 15 Min: 16.2% 15 min - 28 min: 43.32% 30 min - 57 min: 31.21% Over 60 min: 9.28% Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 02/26/2024 © 2024 CoreLogic. All rights reserved

Arizona Schools For detailed information and statistics on Arizona schools please go to https://azreportcards.azed.gov/ 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

PARCEL: 201-13-104

PARCEL: 201-13-104 7

SEARCH PARAMETERS

OWNER: BALLECER CONRAD D/MICHELLE M

SITUS: 7165 W SOFTWIND DR PEORIA

MAIL: 7165 W SOFTWIND DR PEORIA, AZ 85383

PLAT: 543 - 4 LOT 41

LEGAL: WYNDHAM VILLAGE MCR 543-04

+ FIRST AMERICAN TITLE, FC0, CCOR MARICOPA, AZ 02/26/2024 10:52AM NKFE INVESTIGATIVE SEARCH RESULTS PAGE 1 OF 1

INSTRUMENT REC DATE

2011 370048 05/02/2011

CURRENT TAXES INFORMATION THROUGH 02/16/2024 LAND IMPR EXEMPT RATE AREA SPECIAL DISTRICTS PRIMARY 54,401 0 0 5.9787 971200 30002 SECONDARY 13,220 52,910 0 4.3465 2023 TOTAL TAX BILLED 5,017.00

TAX AMT TAX DUE INTEREST DATE PAID TOTAL DUE FIRST HALF 2,508.50 0.00 0.00 10/31/2023 0.00 SECOND HALF 2,508.50 2,508.50 0.00 2,508.50 TOTAL CURRENT TAXES DUE 02/24 2,508.50 03/24 2,508.50 (ESTIMATED) RESIDENTIAL IMPROVEMENTS BLDG SQFT 3,904 COOLING REFRIGERATION YEAR BUILT 2002 EXTERIOR WALLS FRAME WOOD NUMBER OF STORIES ROOF OTHER NUMBER OF ROOMS CONSTRUCTION CLASS R5 NUMBER OF BATH FIXTURES 14 PHYSICAL CONDITION OTHER PATIO (TYPE AND NUMBER) UNCOVERED_AND_COVERED 4 LAND USE 01 51 GARAGE (TYPE AND NUMBER) GARAGE AND CARPORT 6 LOT SIZE 20,641 SQ FT POOL SQ FT 630 SCHOOL DISTRICT 971200 HEATING LAND FULL CASH VALUE 132,200 IMPR FULL CASH VALUE 529,100 SALES SALE DATE SALE AMOUNT INSTRUMENT TYPE SELLER NAME VALIDITY 05/02/2011 457,500 2011 370048 SD NATIONAL RESIDL NOMINEE SV 08/31/2004 490,000 2004 1018038 WD RHOADS VICTORIA 06/19/2002 392,575 2002 625295 SD HANCOCK-MTH COMMUNITIES IN 02/01/2002 921,600 2002 113782 SD TARO PROPERTIES ARIZONA I M ADDITIONAL PROPERTY INFORMATION STANDARD LAND USE: SFR END SEARCH

2023

to the Title & Escrow Process in Arizona Home Seller’s Guide

Southwest Gas 1.877.860.6020 www.swgas.com Cox 602.277.1000 www.cox.com Direct TV 1.888.777.2454 www.directv.com Dish Network 1.800.823.4929 www.dishnetwork.com CenturyLink 800.366.8201 www.centurylink.com AT&T 1.800.222.0300 www.att.com Verizon 1.877.300.4498 www.connecttoverizon.com Salt River Project 602.236.8888 www.srpnet.com APS 602.371.7171 www.aps.com Your Escrow Number Your New Address City/State/Zip Real Estate Agent Name Email Assistant Email Company Phone Address Fax Insurance Previous Company Phone Previous Agent Policy No. New Company Phone New Agent Policy No. Home Warranty Company Policy No. First American Title Escrow Officer Email Escrow Assistant Email Address Phone City/State/Zip Fax 02 Quick Reference 03 Welcome 04 Benefits of Using a REALTOR ® 05 Key Professionals 06 Preparing Your Home for Sale 07 Staging Your Home for Show 09 Terms You Should Know 10 The Life of an Escrow 11 Closing Costs: Who Pays What 12 The Escrow Process 14 Understanding Title Insurance 16 Consider This 17 Closing Your Escrow 18 Planning Your Move Q uick Reference Table of Contents Utilities and Services

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.

AZ Sellers Guide | 3

On Us For Service

On Us For Stability

On Us For Convenience

On Us To Meet Your Needs

Count

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?

AZ Sellers Guide | 4

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.

AZ Sellers Guide | 5

PREPARING FOR SALE YOUR HOME

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.

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:

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.

AZ Sellers Guide | 6

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.

AZ Sellers Guide | 7

AZ Sellers Guide | 8

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

AZ Sellers Guide | 9

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.

AZ Sellers Guide | 10

Closing Costs: Who Pays What

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 Note: Prorated items will appear on Closing Statement as charges for one and credits for the other.

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.

AZ Sellers Guide | 12

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

AZ Sellers Guide | 13

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.

AZ Sellers Guide | 14

Compare First American’s Eagle Policy® for Owners

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

Compare First American’s Eagle Policy® for Owners

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.

AZ Sellers Guide | 15

EAGLE ALTA Standard or CLTA

12 Unrecorded easements

Building

permit violations*

Restrictive covenant violations

Post-policy forgery

Post-policy encroachment

Post-policy damage from extraction of minerals or water

Lack of vehicular and pedestrian access

Map not consistent with legal description

Post-policy adverse possession

EAGLE ALTA Standard or CLTA

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.

AZ Sellers Guide | 16

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.

AZ Sellers Guide | 17

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.

AZ Sellers Guide | 18

Your Notes:

AZ Sellers Guide | 19

Your Notes:

AZ Sellers Guide | 20

Your Notes:

AZ Sellers Guide | 21

623.299.3644

13940

623.537.1608

20241

623.551.3265

39508

480.515

480.575.6609

7202

480.551.0480

6263

480.563.9034

18291

480.777.0051

2121

6877

First American Title Branch Locator

1 4 3 2 6 12 10 5 8 7 11 9 CRISMON SIGNAL BUTTE GOLDFIELD OLDWESTHWY SKINGSRANCH

Central Arizona

SUN CITY WES

W. Meeker Blvd, #119

Sun City West, AZ 85375

Meeker

N of

Blvd W of R.H. Johnson

THE LEGENDS

N. 67th Ave, #A-2

Glendale, AZ 85308

side 67th Ave/N of 101

ANTHEM

Mountain Dr, #128

N. Daisy

Anthem, AZ 85086

corner Daisy Mtn Dr/Gavilan Peak Pkwy

TATUM RIDGE

4369

Blvd, #A150

11211 N Tatum

Phoenix, AZ 85028

of Shea, E side of Tatum

CAREFREE

E. Carefree Dr, Bldg 1, #1

Carefree,

85377

corner of Tom Darlington/Carefree Dr.

SCOTTSDALE FORUM

N. Scottsdale Rd, #110 Scottsdale, AZ 85250 E Side Scottsdale/S of Lincoln

DC CROSSING

N. Pima Rd, #145

Scottsdale, AZ 85255

corner of Pima/Legacy

CHANDLER PORTICO

W. Chandler Blvd., #215

Chandler,

85224

Corner Chandler Blvd./Dobson Rd.

GILBERT SAN TAN

E. Williams Field Rd. #101 Gilbert, AZ

corner of Williams Field Rd./Val Vista Rd.

480.777.0614 1528

85295 NW

MESA

S. Stapley Dr, #123 Mesa, AZ

N of Baseline / W of Stapley

480.401.3738 1630

85204

RED MOUNTAIN

N. Recker Rd, #103 Mesa,

480.534.3599 1135

AZ 85205

corner

Recker & Brown

GOLD CANYON

480.288.0883

South Kings Ranch Rd, #5 Gold Canyon, AZ 85118

of 60/South Side Kings Ranch Rd.

Sellers Guide | 22

05110280223 For more information please contact your First American representative. www.firstam.com 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. ©2023 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF