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Property Address 5111 KENRICK ST SE
ID: R147201520 City, State & Zip LACEY, WA 98503-7306
County THURSTON COUNTY
Mailing Address 5111 KENRICK ST SE, LACEY, WA 98503-7306
Mortgage Date 08/15/2018
Loan Amount $357,506
Document Description New Conventional 1st Periodic Floor Rate
Loan Type New Conventional Recording Date 08/31/2018 1st Periodic Cap Rate
Origination Lender Name HOME AMERICAN MORTGAGE CORP Origination Interest Rate Lifetime Cap Rate
Origination Lender Type Mortgage company First Rate Change Date 00/00/2000 Change Index Type Financing Maturity Date 09/01/2048 IO Period
Borrower 1 WILSON, MALLORY REIKO Balloon Rider Prepayment Penalty Rider
Borrower 2
Fixed/Step Rate Rider Prepayment Penalty Term 00
Additional Borrowers Adj Rate Rider Adj Rate Index Vesting Transfer
Transaction ID 4
Recorder Doc Number 4645669 Partial Interest Transferred
Sale Date 08/15/2018 Document Type Deed Type of Transaction Arms-Length Transfer
Sale Price $376,041
Recorder Book/Page
Document Description Warranty Deed Multiple APNs on Deed
Buyer 1 WILSON, MALLORY REIKO Buyer 1 Entity Individual Buyer Vesting
Buyer 2 Buyer 2 Entity Buyer Mailing Address 5111 KENRICK ST SE, LACEY, WA 98503-7306
Seller 1 RICHMOND AMERICAN HOMES OF WASHINGTON Seller 1 Entity Company or Corporation Seller Mailing Address 00000-0000
Seller 2 Seller 2 Entity Legal City/ Muni/ Township
Rng/ Mer Legal Brief Description/ Unit/ Phase/ Tract
Subject Property Location
Property Address 5111 KENRICK ST SE
City, State & Zip LACEY, WA 98503-7306
County THURSTON COUNTY
Mailing Address 5111 KENRICK ST SE, LACEY, WA 98503-7306
Owner Name WILSON MALLORY REIKO
Minor Update 8/6/2013
For emergency dial 911, or from cell phone 112
24 Hour help line Alcohol/drug support/info: 1-800-562-1240
24 Hour Mental Health Crisis Line 1-800-754-1338
Adventist Community Service Center (disaster response): 360-943-1518
Crime Victims Advocacy Network 1-866-711-2826
Crisis Clinic: 360-586-2800
Emergency/Disaster Management
- Lacey 360-704-2740
- Olympia 360-753-8348
- Thurston County 360-704-2740
- Tumwater 360-704-2745
- Yelm 360-704-2740
Red Cross (assistance for natural disasters & house fires 24 hrs): 360-352-8575
Sacred Heart Catholic Church - Emergency Outreach Program 360-491-0890
Safeplace (advocacy & shelter for domestic violence or rape 24 hrs): 360-754-6300
Youth Helpline 360-586-2777
Youth Suicide Prevention 360-586-2800
CASE MANAGEMENT
Community Action Council (Homeless) 360-438-1100
DSHS 1-877-501-2233
- Seattle: 3600 S Graham St, Seattle, WA 98118
- Tumwater: 6860 Capitol Blvd, Tumwater, WA 98501
DSHS Aging & Disabilities 1-800-422-3263
DSHS Division of Developmental Disabilities 360-725-4250 or 1-800-339-8227
DSHS Division of Vocational Rehabilitation 360-664-3060 or 1-800-548-0946 Voice/TTY
ESD Homeless Youth in School 360-725-6050
Even Start Family Literacy Program 360-596-7562
First Steps Maternity Services
- Providence Sound Home Care 360-586-6181
- Thurston County Public Health & Social Services 360-786-5581
- Yelm Community Services 360-458-8678
Lewis, Mason, Thurston Area Agency on Aging 360-664-2168 or 1-888-545-0910
Offenders Employment Resources
- DSHS Division of Vocational Rehab 360-664-3060 or 1-800-548-0946 Voice/TTY
- Worksource Thurston County 360-704-3600
Olympia Union Gospel Mission 360-709-9725
Sacred Heart Catholic Church - Emergency Outreach Program 360-491-0890
SafePlace Support and education: 360-754-6300
Salvation Army (emergency shelter, meals, utilities assistance): 360-352-8596
St Vincent de Paul 360-352-7554
Thurston County Public Health & Social Services 360-786-5585
Transitional Housing, Operating & Rent assistance 360-753-8292
Veterans Assistance Fund 360-786-5578
Washington State Department of Services for the Blind 360-725-3830
CHILD CARE OR RESPITE CARE
Child Care Action Council: 360-754-0845
Child Care Resource & Referral 360-754-0810 or 1-800-845-0956
Keystone Crisis Nursery: 360-888-2273
Olympia Early Learning Center
- Downtown Olympia 360-943-9857
- Westside Center 360-943-3571
Popes Kids Place: 360-736-9178
CHILD DEVELOPMENT, SERVICES & PROGRAMS
206-987-2204
DSHS Division of Developmental Disabilities 360-725-4250 or 1-800-339-8227 : 360-956-9058
Infant/Toddler Early Intervention Program/FRC: 360-352-1126
Mary Bridge Pediatric Neurology 253-403-3131
Pediatric Therapy Associates: 360-352-6360
Providence Physical Medicine & Rehabilitation 360-493-7451
CLOTHING, FURNITURE & HOUSEWARES
Adventist Community Service Center: 360-943-1518
Baby Bank (diapers & baby clothes; referral necessary) 360-357-6617
First Baptist Church of Lacey Resource Center (children's clothing newborn - 14) 360-491-1440
Olympia Union Gospel Mission 360-709-9725
Other Bank at YWCA (for supplies that food stamps don't cover): 360-352-0593
St Vincent de Paul 360-352-7554
Sacred Heart Catholic Church - Emergency Outreach Program 360-491-0890
Salvation Army 360-352-8596
Saint Vincent De Paul Clothing Bank, Olympia 360-352-7554
Yelm Community Services: 360-458-7000
DOCUMENT REPLACEMENT, SCHOOL SUPPLIES, QUALITY OF LIFE
Community Action Council: 360-438-1100
EDUCATION: School Districts, Special Ed
ESD 113 360-464-6700
ESD School Nurse Supervisor 360-586-4672
Griffin School District 360-866-2515
New Market Skills Center (high/vocational school) 360-570-4500
North Thurston School District: 360-412-4400
Olympia School District: 360-596-6100
Rochester School District: 360-273-5536
Tenino School District: 360-264-3400
Tumwater School District: 360-709-7000
Washington PAVE: 1-800-572-7368
Yelm School District: 360-458-1900
Tutor Hunt
EDUCATION: Early Education, Headstart
Headstart/ECEAP: 360-753-7590
Olympia Early Learning Center
- Downtown Olympia 360-943-9857
- Westside Center 360-943-3571 360-736-9178
EDUCATION: Colleges, Trade and Technical Schools
Bodymechanics School of Myotherapy and Massage 360-786-8582 or 1-800-615-5594
Chapman University College 360-493-6392
Eastside Beauty and Barber College 360-491-1020
Evergreen State College 360-867-6000
Fosbre Academy of Hair Design 360-481-6816
Glacier Aviation 360-753-0943
Gower Flying Service 360-754-4043
New Market Skills Center (high/vocational school for those under 21) 360-570-4500
Saint Martin's University 360-491-4700
South Puget Sound Community College 360-754-7711
West Olympia Beauty College 360-786-8777
WSU Extension Thurston County 360-455-1575
EDUCATION & SUPPORT FOR PARENTS
Family Education and Support Services 360-754-7629 or 1-877-813-2828
Family Support Center of South Sound 360-754-9297
First Steps Maternity Services
- Providence Sound Home Care 360-586-6181
- Thurston County Public Health & Social Services 360-786-5581
- Yelm Community Services 360-458-8678
Parenting Classes by Community Action Council 360-438-1100
ROOF Community Services 360-273-6375
Community Youth Services 360-943-0780 or 1-888-698-1816
Employment Security (job search/unemployment compensation): 360-704-3600
Job Corps (vocational ed & life skills, ages 16-24): 360-754-7409 or 1-800-863-5627
Offenders Employment Resources
- DSHS Division of Vocational Rehab 360-664-3060 or 1-800-548-0946 Voice/TTY
- Worksource Thurston County 360-704-3600 360-709-9725
Pacific Mountain Workforce Consortium (job training): 360-786-5586 or 800-624-1234 x5586
Pathfinders Supported Employment (jobs for mentally ill) BHR: 360-704-7170
WorkSource: 360-704-3600
DSHS 1-877-501-2233
- Seattle: 3600 S Graham St, Seattle, WA 98118
- Tumwater: 6860 Capitol Blvd, Tumwater, WA 98501
Foreclosure Assistance: CCCS of Olympic South Sound 253-588-1858
Community
St Vincent de Paul 360-352-7554
Supplemental Security Income (SSI) (For the disabled through Social Security): 1-800-772-1213
Adventist Community Service Center: 360-943-1518
Bread Basket Ministries 360-497-7457
Bread & Roses Community Kitchen 360-754-4588
Church of Living Water 360-754-5830
Community Action Council of Lewis, Mason, Thurston Counties 360-438-1100
DSHS (Food Stamps) 1-877-501-2233
- Seattle: 3600 S Graham St, Seattle, WA 98118
- Tumwater: 6860 Capitol Blvd, Tumwater, WA 98501
First Baptist Church of Lacey Resource Center 360-491-1440
First Steps Maternity Services
- Providence Sound Home Care 360-586-6181
- Thurston County Public Health & Social Services 360-786-5581
- Yelm Community Services 360-458-8678
Food Stamps: DSHS 1-877-501-2233
- Seattle: 3600 S Graham St, Seattle, WA 98118
- Tumwater: 6860 Capitol Blvd, Tumwater, WA 98501
Meals on Wheels - Senior Services for South Sound 360-586-6181
ROOF Community Services (Rochester) 360-273-6375
Sacred Heart Catholic Church - Emergency Outreach Program 360-491-0890
Salvation Army 360-352-8596 ext 108
South Puget Sound Intertribal Planning Agency: 360-438-1100
South Thurston United Friends Food Bank: 360-273-5891
St Vincent de Paul 360-352-7554
Tenino Food Bank Plus: 360-264-5505
The Community Kitchen (CCSSW) 360-349-2808
Thurston County Food Bank 360-352-8597
Thurston County Health Dept.: 360-426-3990
WIC - Women, Infants, Children 1-800-322-2588
Tumwater Fire Station (provided by Thurston County Food Bank) 360-754-4170
WIC Program 1-800-322-2588
- Community Action Council 360-438-1100
- Seamar Community Health Center 360-754-2936
Yelm Community Services Food Bank 360-458-7000
HEALTH INSURANCE or ACCESS TO CARE
CHOICE Regional Health Network (CRHN) (Help obtaining care) 1-800-981-2123 or 1-888-493-8397 (Espanol)
DSHS (Medicaid) 1-877-501-2233
- Seattle: 3600 S Graham St, Seattle, WA 98118
- Tumwater: 6860 Capitol Blvd, Tumwater, WA 98501
SHIBA Helpline (info about health insurance) 1-800-562-6900
Washington Apple Health for Kids 1-877-543-7669
Washington Basic Health Plan (health insurance for low-income): 1-800-660-9840
Washington Prescription Drug Program 206-521-2027
Community Resources for Thurston County, Washington - Compiled by 4People.org
Washington State Insurance Commissioner (Info about insurance): 1-800-562-6900
HEALTH SERVICES: Medical
Asthma: Environmental Assessment Reducing Asthma Triggers 360-786-5460
Capital Medical Center (Olympia): 360-754-5858
Center on Human Development & Disability (CHDD) UW, Seattle: 800-326-5300 : 1-866-987-2000 360-459-5009 1-866-987-2500
Children with Special Health Care Needs Program- CSHCN Coordinator: 360-754-3351
CHOICE Regional Health Network (CRHN) (Help obtaining care) 1-800-981-2123 or 1-888-493-8397 (Espanol)
Grays Harbor Community Hospital (Aberdeen) 360-532-8330
Good Samaritan Hospital (Puyallup) 253-697-4000
Madigan Army Medical Center: 253-968-1110
Mark Reed Hospital (McCleary): 360-495-3244 : 1-800-552-1419
Mary Bridge Childre : 1-800-342-9919
General Hospital (East Lewis County) 360-496-5112
Olympia Gospel Mission Medical Clinic 360-357-6505
Popes Kids Place Pediatric Clinic 360-736-9178
Providence Hospital (Centralia): 360-748-4444
Providence St Peter Hospital (Olympia): 360-491-9480
Seamar Olympia Medical Clinic 360-704-2900 (Portland): 503-241-5090 or 1-888-548-1813
Tacoma General Hospital 253-403-1000
Thurston County Health & Social Services: 360-426-3990
Willapa Harbor Hospital (Pacific County): 360-875-4502
HEALTH SERVICES: Behavioral or Mental Health
24 Hour Mental Health Crisis Line 1-800-754-1338
Alternatives Professional Counseling (also court-ordered counseling) 360-357-7986
Behavioral Health Resources 360-704-7170 or 1-800-825-4820
Behavior Health Resources Children & Youth Services 360-704-7170 or 1-800-825-4820
Capital Clubhouse 360-357-2582
Catholic Community Services 360-586-1583
Children and Parents First 360-705-1727
CHOICE Regional Health Network (CRHN) (Help obtaining care) 1-800-981-2123 or 1-888-493-8397 (Espanol)
Crisis Resolution Services 360-754-1338
Damon Counseling Services 360-491-0920
Discovery Counseling 360-400-2242
Evaluation & Treatment Facility 360-528-2590 or 1-800-270-0041
Providence St Peter Outpatient Treatment Services (adult 55+) 360-493-7809
Seamar Tumwater Outpatient Behavioral Health Clinic 360-570-8258
True North - ESD 113 (youth) 360-464-6870
Community
HEALTH SERVICES: Dental
ABCD Program (Birth - 5): 360-709-3070 -987-2243
Dental Clinic at Olympia Union Gospel Mission 360-943-6400
Popes Kids Place Dental Clinic 360-736-5405
Seamar Olympic Dental Clinic 360-570-8016
Seamar Tumwater Dental Clinic 360-704-7580
Smile Mobile (for children) 1-800-572-7835 ext 6303
HEALTH SERVICES: Substance Abuse
Alternatives Professional Counseling (also court-ordered counseling) 360-357-7986
Damon Counseling Services 360-491-0920
Discovery Counseling 360-400-2242
Evaluation & Treatment Facility 360-528-2590 or 1-800-270-0041
Nisqually Tribal Substance Abuse 360-459-5312 Northwest Resources II, LLC 360-943-8810
Providence St Peter Chemical Dependency Center 360-456-7575
Sea Mar Olympia Outpatient Substance Abuse Services 360-570-8258
South Sound Clinic - Evergreen Treatment Services 360-413-6910 or 1-888-764-7243
"The Right Step, Inc 360-923-9585
True North -ESD 113 (youth) 360-464-6870
HOME CARE SERVICES OR MEDICAL EQUIPMENT
Advanced Health Care 360-459-7888
Apria Healthcare 360-352-1753
Assured Home Health & Hospice (LHC Group) 800-833-9404 206-987-5173
Family Equipment Exchange: 360-866-3515
Hanger Prosthetics & Orthotics: 360-459-1099
Home Instead Senior Care 360-570-0049 -456-5475
Providence Sound Home Care & Hospice 1-800-869-7062
ResHome Care 360-570-8000
Shriners Hospital in Portland (fitting of braces): 503-241-5090
The Hearing Health Care Center 360-754-0305
HOUSING: Authorities & Assistance
City of Olympia Owner-Occupant Rehab Program 360-753-8436
Foreclosure Assistance: CCCS of Olympic South Sound 253-588-1858
Housing Authority of Thurston County (housing for low income, disabled, elderly): 360-753-8292
Habit for Humanity South Puget Sound 360-956-3456
Housing assistance:
- Community Action Council 360-438-1100
- Housing Authority of Thurston County 360-753-8292
Mobile Home Relocation Assistance Program 360-725-2971
Northwest Housing Development 253-441-2170
Community Resources for Thurston County, Washington -
HOUSING: Emergency, Homeless
A Beginning Alliance 360-586-2731
Bread & Roses Women's Guest House Shelter: 360-754-4085
Community Youth Services (youth) 360-943-0780
Emergency Shelter Network (overnight shelter): 360-528-8999
Family Support Center of South Sound 360-754-9297
Fleetwood Apartments 360-704-3035
Haven House (shelter/crisis center for teens 12-17): 360-754-1151 or 888-698-1825
Housing Authority of Thurston County (temporary housing) 360-664-2485
Safeplace (domestic violence or sexual assault) 360-754-6300 or TTY 943-6703
Salvation Army (shelter for single men, women, families): 360-352-8596
Yelm Community Services (rural Thurston County residents): 360-458-7000
HOUSING: Low Income (owned or managed by agency)
Deschutes Cove 360-943-6115
Evergreen Village 360-943-5505
Housing Authority of Thurston County 360-753-8292
Magnolia Villa (Families with children) 360-491-3924
HOUSING: Transitional, Supportive
Arbor Manor (teen mothers) 360-456-4457
Brentwood Faith Home (troubled females ages 13 - 18) 360-572-0458
Fresh Start Housing (accepts ex-felons) 253-627-0212
Housing Authority of Thurston County (temporary assistance) 360-664-2485
Oxford Houses of Washington (Chapter 4) 360-539-7540
- Mollie B Oxford (Women & Women with Children)
- Puget Sound Oxford (Men) 360-709-9525
- Ruddell Road Oxford (Women) 360-923-4178
- South Bay Trails Oxford (Men) 360-455-0448
- South Sound Oxford (Men) 360-236-1693
- Tri Lakes Oxford (Men) 360-350-0642
Oxford Houses of Washington (Chapter 21) 360-539-7540
- Deschutes Oxford (Men) 360-628-8483
- Henderson Point Oxford (Women & Women with Children) 360-352-1067
- Lacey Acres Oxford (Men) 360-493-0321
- Pioneer Point Oxford (Men) 360-357-6109
- South East Oly Oxford (Women) 360-915 9756
Thurston County Family Center (CCSSW) 360-586-2915
INFORMATION, SUPPORT OR ADVOCACY
211 - United Way of Thurston County 360-943-2773
Alcoholics Anonymous District 8 360-352-7344
Answers for Special Kids (ASK) Resource line (statewide-info about providers/programs): 1-800-3222588
Center for Children with Special Needs
1-866-987-2500 opt 3
Community Action Council of Lewis, Mason, Thurston Counties 360-438-1100
Family Education and Support Services 360-754-7629
Community Resources for Thurston County, Washington -
Family Faces (info/support for craniofacial disorders)
Family Voices of Washington (info on healthcare policy): 1-360-866-8254
Fathers Network: 360-352-2513
LaLeche League (breastfeeding support): 360-459-1178
Learning Disabilities Association of Washington: 1-800-536-2343
Medical Home Leadership Network
Olympia Nurturing Touch Education (infant message): 360-943-7299
Olympia Alano Club 360-753-9934
Parent Education Clearinghouse(Parent Education/family support groups): 360-754-2629
Parent to Parent Support Network: 360-352-1126
ParentHelp123
Parenting Classes By Community Action Council 360-438-1100
Parents Anonymous 360-357-6609
PFLAG Olympia
Spina Bifida Support: 360-888-7701
Thurston County Volunteer Legal Services 360-705-8194
United Communities AIDS Network 360-352-2375
Washington P.A.V.E. (support/help with schools): 1-800-572-7368
Wyatt Foundation - Exceptional Families Network: 360-507-0944
LEGAL SERVICES
Northwest Justice Project - CLEAR 1-888-201-1014
Thurston County Volunteer Legal Services 360-705-8194
RECREATION
SKIFORALL: 425-462-0978
Special Olympics (Year-round sports training & conditioning): 1-800-752-7559
Summer Camp Directory for Children with Special Needs
Thurston County Parks and Recreation Services: 360-786-5595
RE-ENTRY OFFENDER RESOURCES
Online (Excel spreadsheet)
Printable (PDF file)
SENIORS
Home Instead Senior Care 360-570-0049
Lewis, Mason, Thurston Area Agency on Aging 360-664-2168 or 1-888-545-0910
Meals on Wheels - Senior Services for South Sound 360-586-6181
Medicare 1-800-633-4227 or TTY 1-877-486-2048
Northwest Justice Project - CLEAR*Sr 1-888-387-7111
Providence St Peter Outpatient Treatment Services (adult 55+) 360-493-7809
Senior Nutrition Program Meal Sites
- Belfair Theler Community Center 360-275-4898
- Lacey Senior Center 360-407-3967
- Olympia Center 360-586-6181 ext 107
- Rochester Lion's Hall 360-273-0768
- Shelton Senior Center 360-426-3697
- Tenino Quarry House 360-264-5092
Community Resources for Thurston County, Washington - Compiled
- Yelm Senior Center 360-458-6677
Senior Services for South Sound 360-586-6181
Social Security 1-800-772-1213
Veterans Assistance Fund 360-786-5578
TECHNOLOGY PROGRAMS, ACCESS, LITERACY & VITAL CONTENT
CHOICE Regional Health Network 360-493-5684
Global Intercultural Guide 360-888-3994
King County Library System: 800-462-9600
Thurston County Literacy Network 360-754-7482
Timberland Regional Library: 1-800-562-6022
Washington Relay Service (TDD): 800-833-6384
Washington Speech to Speech Relay: 877-833-6341
See Education: Colleges, Trade and Technical Schools for more about technology programs and literacy
Dial-A-Lift: 1-800-244-6846
DSHS Transportation Paratransit Services: 1-800-846-5438
Hopelink: 1-800-923-7433
Intercity Transit 360-786-1881
UTILITIES, TELEPHONE & CELL PHONE
Assurance Wireless (free for low income) 1-888-898-4888
AT&T Wireless Lifeline Service 1-800-377-9450
Community Action Council of Lewis, Mason & Thurston Counties 360-438-1100 or 1-800-952-2125
Family Support Center of South Sound 360-754-9297
ROOF Community Services 360-273-6375
Safelink Wireless (free for low income) 1-800-723-3546
Salvation Army (emergency shelter, meals, utilities assistance 24 hrs): 360-352-8596
Washington Telephone Access Program 1-800-562-6150
Yelm Community Services (food, clothing, utilities assistance, emergency shelter): 360-458-7000
County Veterans Coalition
Veterans Assistance Fund 360-786-5578
Veteran Service Organizations (VSOs): American Legion
- Post 164, Yelm, 360-458-7290
- Post 166, Tumwater, 360-570-8166
- Post 3, Olympia, 360-357-9780
- Post 69, Tenino, 360-264-5420
- Post 94, Lacey, 360-459-0150
- Post 264, Rainier, 360-446-3194
AMVETS
- Post 2, Olympia, 360-943-4193
Disabled American Veterans
- Chapter 41, Olympia, 360-459-7400
Community Resources for Thurston County, Washington - Compiled by 4People.org
Marine Corps League
- Detachment 482, Olympia 360-754-7946
Veterans of Foreign Wars
- Post 11402, Olympia 360-491-7292
- Post 318, Olympia 360-754-1346
- Post 5878, Tenino 360-264-5420
& SERVICES
Big Brothers / Big Sisters 360-943-0409
Boy Scouts of America Pacific Harbors Council 253-752-7731
- Boy Scouts Troop 101, Olympia
- Boy Scouts Troop 166, Olympia 360-352-1764
Boys & Girls Club of Thurston County 360-956-0755
Camp Fire USA Orca Council 253-597-6234
Child Care Action Council: 1-800-845-0956; 360-754-0810
Child Protective Services: 360-725-6700, 888-822-3541
Community Youth Services: 360-943-0780
Covenant House Nineline: 1-800-999-9999
Family Reconciliation Services, DSHS: 1-800-746-6521
Girl Scouts of Western Washington 1-800-541-9852
National Runaway Switchboard: (24 hrs) 1-800-RUN-AWAY
Tutor Hunt
YMCA (recreation before & after school): 360-357-6609/Briggs 753-6576
Youth Helpline 360-586-2777
Youth Suicide Prevention 360-586-2800
OTHER
National & Washington State Hotlines & Websites
Washington State Address Confidentiality Program
Compiled by 4People.org
The Public School Report lists schools closest to the subject property. For a complete listing of schools in your area, please go to http://www.nces.ed.gov /globallocator.
The Academic Performance Index (API) measures academic performance and growth of schools, which includes results of the Stanford 9. The API reports a numeric scale that ranges from 200 to 1000. A school's score or position on the API indicates the level of a school's preformance.
State & Zip LACEY, WA 98503-7306 County THURSTON COUNTY
Closing on a home can be an exciting and stressful process all at the same time. With so many potential speed bumps it’s important we make your closing flow as smooth as possible. At Ticor we believe one of the easiest ways to accomplish this is by educating buyers and sellers as they prepare for the big day. In particular we’d like to highlight some of the simple steps a buyer/seller can take to expedite the process. We call these steps the “Keys to a Successful Closing”.
Verify with your loan officer that all conditions have been met.
Notify your escrow officer the names of your lender and homeowner insurance companies.
Gather the following and deliver to your Escrow Officer: Your forwarding address. Any existing mortgage information. Identify leased equipment. Homeowner Association information. Utilities (if they are to be paid out of escrow.)
Confirm with your agent that all contingencies have been satisfied. Keep your agent informed of any vacation plans or times you will be unavailable. If you plan to have your documents reviewed by an attorney, please notify your escrow officer at least 48 hours prior to signing.
Expect to sign at the escrow company one or two business days before the closing date. Expect the signing to last approximately one hour if you are the buyer and 30 minutes if you are the seller Have a valid photo ID available at your signing appointment: Driver’s License, State ID, Passport, or Green Card. If funds are required to close, be prepared to bring the monies in the form of a cashier’s check 24 hours before recording or wire transfer the same day as closing.
Closing Costs are fees and expenses, over and above the price of the property, incurred by the buyer and/or the seller in the property ownership transfer. Examples are title searches, closing services, loan fees and deed filing fees. Also called settlement costs. There are two sides (buyer and seller) to the equation when determining closing costs. Below is a simple customary closing cost list. Keep in mind these are typical, but should not be considered hard fast rules, feel free to consult your real estate agent for more detail.
One-half of the escrow fee (according to contract)
Work orders (according to contract)
Owner’s title insurance premiums
Real estate commission
Any judgments, tax liens, etc. against the seller
Any unpaid Homeowner Association dues
Home Warranty (according to contract)
Any bonds or assessments (according to contract)
Any loan fees required by buyer’s lender (according to contract)
Recording charges to clear all documents of record against seller
Payoff of all loans in seller’s name (or existing loan balance being assumed by buyer)
Interest accrued to lender being paid off, reconveyance fees and any prepayment penalties
Excise Tax (% based on county and sale price)
BUYER NORMALLY PAYS FOR:
One-half of the escrow fee (according to contract)
Lender’s title policy premiums (ALTA)
Document preparation (if applicable)
Tax pro-ration (from date of acquisition)
Recording charges for all documents in buyer’s names
Home Owner’s insurance premium for first year
Home Warranty (according to contract)
Inspection fees (according to contract): roofing, property, geological, pest, etc.
All new loan charges (except those required by lender for seller to pay)
Interim interest on new loan from date of funding to first payment date
From open to close, our team is dedicated to creating a superior client experience by providing clear communication, personalized service, and consistency with every escrow transaction.
Direct your next transaction to Ticor Title and let our resources, services, and team of specialists make your closing a success!
The Owner’s Policy as defined by Wikipedia “assures a purchaser that the title to the property is vested in that purchaser and that it is free from all defects, liens and encumbrances except those listed as exceptions in the policy or are excluded from the scope of the policy's coverage. It also covers losses and damages suffered if the title is unmarketable. The policy also provides coverage for loss if there is no right of access to the land. Although these are the basic coverages, expanded forms of residential owner's policies exist that cover additional items of loss.
The liability limit of the owner's policy is typically the purchase price paid for the property. As with other types of insurance, coverages can also be added or deleted with an endorsement. There are many forms of standard endorsements to cover a variety of common issues. The premium for the policy may be paid by the seller or buyer as the parties agree.”
The ALTA Homeowner’s policy offers what we believe to be the most comprehensive coverage available. Two items to note: In addition to the level of coverage afforded by Standard Owner’s Policy, the ALTA Homeowners policy offers Post Closing Coverage on certain items.
Specific items covered by the ALTA Homeowners policy are subject to Customer Deductibles and a Maximum Liability Amount per said covered item.
Extended coverage provides additional protection against loss due to off-record matters including, but not limited to the following:
Unrecorded liens; undisclosed easements, except underground easements; survey and boundary questions; and any lien, or right to a lien, for labor, material, services or equipment, or for contributions to employee benefit plans, or liens under Workmen’s Compensation Acts, not disclosed by the public records.
Standard coverage offers the least comprehensive form of title insurance available.
Even though the Homeowner’s policy is an excellent choice, the Realtor® should always make sure that the buyer and seller understand that there are options to choose from. If another form is desired by the buyer, it must be addressed in the purchase and sale agreement, and then it must be confirmed that the title commitment reflects the correct policy.
*The attached is information only and may not constitute an all inclusive comparison of policy types; for more information, please contact your title officer.
Undisclosed ormissing heirs
Clericalerrorsin recorded legaldocuments
Unrecorded liens
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You’ve decided to purchase a home and hope to take possession as soon as possible. The terms have been agreed on and all financial arrangements have been made. But one important detail remains. Before the transaction can close, a title search must be made. The most accurate description of title is “a bundle of rights in real property.” A title search is a means of determining from the public record that the person who is selling the property really has the right to sell it, and that the buyer is getting all the rights to the property (title) that he or she is paying for. The title company determines insurability of the title as part of the search process. This leads to the issuance of a title policy, which insures the existence or non-existence of rights to the property. The title insurance company will, at its own expense, defend the title and pay losses within the coverage of the policy if they occur.
But exactly what is involved in a title search? Ticor Title Company provides the following step-by-step review.
This is simply a history of the ownership for a particular piece of property, telling who bought and sold it, and when. The information may be derived from a variety of public records or privately owned title plants. Title plants may include index cards, punch cards, tract books, microfiche or may even be computerized. They all contain essentially the same information from which the history of the title may be secured.
This is a search to determine the present status of general real estate taxes against the property. The tax search will reveal if taxes are current or whether any taxes are past due and unpaid from previous years.
A due and unpaid tax is a prior lien or claim on the property above all others. If a buyer purchases property with unpaid and past due taxes against it, he or she is likely to find a government body — the city, county or state — placing the property up for sale to pay those taxes. Title insurance protects the buyer against loss from unpaid and past due taxes.
Ticor Title Company may send inspectors to look at the property to verify the lot size, check the location of improvements, and look for evidence of easements that are not shown on the record. The purpose of this is to supplement the information learned from the title search. In the eyes of the law, any buyer of real estate is assumed to have notice of all matters properly shown in the public records for that real estate, as well as any information that an actual inspection may reveal. If the inspector detects an unrecorded easement or other evidence of outstanding rights that could affect the owner’s title and possibly the value and intended use, the company will disclose these matters before the closing of the purchase. Those matters must then either be disposed of or shown as exceptions in the title insurance policy. Sometimes when an acceptable survey and appropriate affidavits are received, an inspection will not be made.
One of the most important parts of the title search is to determine if there are any unsatisfied judgments against the seller or previous owners which were in existence while they owned the title. A judgment is a general lien against the debtor’s real estate and constitutes security for any money owed under the judgment. The real estate can be sold to satisfy the judgment. It is extremely important to be sure that a title is not subject to judgments against the seller
or previous owners. Title insurance provides this protection. A judgment against a person named Smith may affect the title of a seller named Smith, depending on whether or not they are the same person. All possible variations of the name must be examined.
Rights established by judgment decrees, unpaid federal income taxes, and mechanic’s liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights. If a judgment is discovered that constitutes a defect in the title, it is pointed out. The seller must then eliminate it before the title of the new buyer can be insured free and clear of that judgment.
When these searches have been completed, the title company issues a commitment to insure, stating the conditions under which it will insure the title. The buyer, seller and mortgage lender can proceed with the closing of the transaction after clearing up any defects in the title which may have been uncovered by the search and examination.
The mortgage lender is as concerned as the buyer about the quality of the title because the property is to be security for the new mortgage loan. The mortgage lender requires assurance that it has a valid first (or another acceptable priority) mortgage lien on the property. This is not only common sense, but generally a legal requirement of regulated mortgage lenders.
The lender’s title insurance, however, does not protect the new buyer of the property. Although the land is the same, the interest of the buyer and the interest of the lender are very different. The provisions of a lender’s title insurance policy are very different from those of a buyer’s policy. The buyer should obtain his own policy, often issued simultaneously with the lender’s policy.
Escrow is an arrangement in which a disinterested third party (an escrow holder), holds legal documents and disburses funds on behalf of a buyer and seller, and distributes them according to the buyer and seller’s instructions.
People buying and selling real estate often open escrow for their protection and convenience. The buyer can instruct the escrow holder to disburse the purchase price only upon the satisfaction of certain prerequisites and conditions. The seller can instruct the escrow holder to retain possession of the deed to the buyer until the seller’s requirements, including receipt of the purchase price, are met. Both rely on the escrow holder to faithfully carry out their mutually consistent instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out.
Escrow is convenient for the buyer and seller because both can move forward separately but simultaneously in providing inspections, reports, loan commitments, funds, deeds, and many other items, using the escrow holder as the central deposit point. If the instructions from all parties to escrow are clearly drafted, fully detailed and mutually consistent, the escrow holder can take many actions without further consultation. This saves time and facilitates a smooth closing of the transaction.
Deposits the executed deed to the buyer with the escrow holder.
Deposits evidence of inspections and any repair work as required, per the purchase and sale agreement.
Deposits required documents such as addresses of mortgage holders, homeowner association contacts, and lien holders.
Deposits the funds required, in addition to any borrowed funds, to pay the purchase price with the escrow holder.
Deposits funds sufficient for home and title insurance.
Approves any inspection reports, title insurance commitments, etc. called for by the purchase and sale agreement.
Fulfills any other conditions specified in the escrow instructions.
Deposits proceeds of the loan to the purchaser.
Directs the escrow holder on the conditions under which the loan funds may be used.
Act as the (neutral) impartial third party or depository of documents and funds.
Secure a title insurance policy and work to clear matters of record Process and coordinate the flow of documents
Fulfill lender requirements and keep all parties informed of progress on the escrow.
Prepare final statements for each party, which include a detailed accounting summary of prorated insurance, taxes, rents, etc.
Facilitate signing of final closing documents for all parties
Deliver executed documents to lender for review
Record deed and loan documents, (deliver the deed to the buyer)insure conveyance of title, loan documents to the lender and funds to the seller, closing the escrow.
Disburses funds for title insurance, recording fees, real estate commissions, lien clearance, etc.
COMPLETE OR FREE FROM ERROR. YOU UNDERSTAND AND ACKNOWLEDGE THAT THE AVAILABILITY, COMPLETENESS AND FORMAT OF THE DATA ELEMENTS MAY VARY SUBSTANTIALLY FROM AREA-TO-AREA. THE INFORMATION CONTAINED IN THIS REPORT IS DERIVED FROM PUBLICLY AVAILABLE SOURCES FOR THE SUBJECT PROPERTY OR COMPARABLE PROPERTIES LISTED ABOVE AND HAS NOT BEEN INDEPENDENTLY VERIFIED BY ICE THROUGH ANY FORM OF INSPECTION OR REVIEW. THIS REPORT DOES NOT CONSTITUTE AN APPRAISAL OF ANY KIND AND SHOULD NOT BE USED IN LIEU OF AN INSPECTION OF A SUBJECT PROPERTY BY A LICENSED OR CERTIFIED APPRAISER. THIS REPORT CONTAINS NO REPRESENTATIONS, OPINIONS OR WARRANTIES REGARDING THE SUBJECT PROPERTY'S ACTUAL MARKETABILITY, CONDITION (STRUCTURAL OR OTHERWISE), ENVIRONMENTAL, HAZARD OR FLOOD ZONE STATUS, AND ANY REFERENCE TO ENVIRONMENTAL, HAZARD OR FLOOD ZONE STATUS IS FOR INFORMATIONAL PURPOSES ONLY AND SHALL BE INDEPENDENTLY VERIFIED BY THE END USER. THE INFORMATION CONTAINED HEREIN SHALL NOT BE UTILIZED: (A) TO REVIEW OR ESTABLISH A CONSUMER'S CREDIT AND/OR INSURANCE ELIGIBILITY OR FOR ANY OTHER PURPOSE THAT WOULD CAUSE THE REPORT TO CONSTITUTE A "CONSUMER REPORT" UNDER THE FAIR CREDIT REPORTING ACT, 15 U.S.C. § 1681 ET SEQ.; OR (B) IN CONNECTION WITH CERTIFICATION OR AUTHENTICATION OF REAL ESTATE OWNERSHIP AND/OR REAL ESTATE TRANSACTIONS. ADDITIONAL TERMS AND CONDITIONS SHALL APPLY PURSUANT TO THE APPLICABLE AGREEMENT.