646 Arvilla Way Sutherlin, OR - Seller's Guide

FIRST AMERICAN TITLE

Guide Important Home Selling Information from First American Title

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Property Data Summary Screen - Owner: BAY, JOHN KEVIN & TERI J Prop ID : R49569 (34940.00) (184896) 646 ARVILLA WAY Map Tax Lot: 25-05W-16AC-00200 (34940.00) SUTHERLIN, OR 97479 Legal : VAN DE HEY ADD, BLOCK 2, LOT 1, ACRES 0.36 Acreage : 0.36 Zoning: Deferral : PrCls: 101 DBA : Sale Info : 11/16/07 $0 R Situs : 646 ARVILLA WAY Deed Type : BARGAIN SUTHERLIN, OR 97479 Instrument# : 2007-24876 Code Areas : 13001 (Tax Rate: 13.1831) Year Built : 1972 2014 Tax Status Living Area : 1872 Curr Tax & Assessments: 1,749.04 2014 Roll Values Payments or Adjust : 1,696.57 RMV Land $ 51,700 (+) Discount Allowed : 52.47 RMV Improvements $ 82,200 (+) Unpaid Balance : 0.00 RMV Total $ 133,900 (=) Interest Due : 0.00 Total Exemptions $ 0 (-) Total Due Current Year: 0.00 Net RMV $ 133,900 (=) Delq Tax + Int + Fees : 0.00 M50 Assd Value $ 133,001 Balance Due : 0.00 Special Assessments: NONE Pot Add Tax Liab: Exemption(Type) : NONE Enter <RET> to Exit:

This map is furnished for illustration and to assist in property location. The company assumes no liability for any variation in dimensions by location ascertainable by actual survey.

This map is furnished for illustration and to assist in property location. The company assumes no liability for any variation in dimensions by location ascertainable by actual survey.

This checklist will help you get your home ready to show 3

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EXTERIOR, Replace, repair, and/or paint any damages:

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Plaster Wood siding Trim Rain gutters Shutters Doors Window frames Glazing Screens Hardware Fences/gates Outdoor lighting CLEAN/WASH

Siding Windows Screen Outdoor BBQ AC unit Pool/Spa PUT 100-WATT LIGHT BULBS IN:

Porch Lights Carport Garage Clean around service areas/trash cans Haul away rubbish Straighten woodpile Repair leaky faucets Clean up pet droppings Paint or varnish doors Polish door hardware Make sure doorbell/knocker works Paint or replace street numbers on house Make sure septic tank is odor free Clean oil stains from driveway/street Patch/reseal driveway if necessary CLOSETS

Keep closets clean and free of clutter Throw out or pack away nonessentials Adjust/repair sliding doors Lubricate sliding door hardware Paint, if needed

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LANDSCAPING

Mow/edge lawn regularly Aerate/feed lawn Overseed bare spots in lawn Water lawn regularly Remove/replace dead plants Prune overgrown/diseased/damaged shrubs Prune or remove shrubs/trees blocking view from windows (unless view is undesirable) Stake up any sagging trees/shrubs Keep flower beds free of weeds Trim around base of trees/walls/fences Repair or remove any broken or damaged landscape accessories such as:

Fences Walls Gazebos Fountains Trellises Planters Other Replace any broken stepping stones Adjust any sprinkler system; repair any broken/ leaky heads Install fences or shrubs to hide any unsightly views

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ALL ROOMS, Clean especially around:

Doors Windows Light switches Baseboards Chair rails Wash lace curtains and have draperies cleaned if necessary Remove or pull back dark curtains Lubricate window slides (soap for wood silicon or a candle stump for metal) Make sure doors open smoothly Clean ceiling light fixtures Check for cobwebs in all corners Fix any scratches in wooden floors Replace worn/broken flooring Remove or replace worn carpet Use area rugs where needed Empty wastebaskets Make the beds Fluff the pillows

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BATHROOMS, Keep them spotlessly clean:

Shine mirrors Keep wastebaskets empty and clean Clean out cabinets and remove nonessentials Keep fresh, clean towels on towel racks Clean shower door – if sliding door, keep track well lubricated Remove soap residue, mildew and mold from sink/tub/shower Remove stains from porcelain sink tub toilet Replace torn/moldy shower curtain Clean tile grout Make sure toilet flushes properly – replace mechanism if necessary Clean exhaust fan/heater – replace if broken or noisy GARAGE/CARPORT/SHED

Install 100-watt light bulb Keep area clean/uncluttered Hang up/put away tools Clear away any cobwebs Remove oil/paint stains from floor Adjust tension rod to eliminate sag from overhead garage door Lubricate/adjust/repair garage door opener Paint if needed

Clean out area behind washer/dryer Eliminate any mildew odors BASEMENT

Eliminate any signs of dampness Check for and eliminate cracks HEATING/AIR CONDITIONING UNIT

Vacuum Replace filter Clean intake vent Remove any stored items

If at least 75 percent of the items above have been checked off and your home is realistically priced, expect to make a sale.

3 M ake sure the temperature in your home is

comfortable – keep it cooler in the summer and warmer in the winter. It it’s cooler outside and you have a fireplace, a nice fire will make your home seem cozy and inviting.

KITCHEN

Keep dishes and food out of sight Clean appliances Clean range hood, including light bulbs Clean behind appliances Keep floor clean Clean light fixture Make sure all electrical outlets work Eliminate cooking odors Deodorize garbage disposal, dishwasher, and refrigerator Repair faucets Put fresh shelf paper in cabinets Organize cupboards Clean out under sink Replace garbage disposal gasket to reduce noise

LAUNDRY AREA

3 Be available in case prospective buyers have questions, but don’t crowd them.

3 Provide an exhaustive written list of the features of your home.

3 Answer questions professionally and truthfully, but don’t volunteer information.

3 Know the distance to schools and shopping 3

centers.

Let the home and the salesperson do most of the selling.

3 Refer any prospect that calls or comes by

to your broker for pre-screening and prequalification as well as for your own safety.

3 Provide a home warranty and promote it.

(First American has home warranty policies available in Arizona, California, Nevada, Washington and Texas.).

3 Tell your real estate agent all about the homegood and bad. Let the professional decide how to handle negatives and features or highlight the positives.

Home-Selling Checklist FIRST AMERICAN TITLE ENTRYWAY

Â&#x2026; Overall appearance

Â&#x2026; Clean & uncluttered

Â&#x2026; Excess furniture removed

Â&#x2026; Light fixtures work & are polished

LIVING ROOM

Â&#x2026; Overall appearance

Â&#x2026; Walls & ceiling freshly painted/clean

Â&#x2026; Wood floors or carpet are clean & in good condition Â&#x2026; Curtains, drapes & windowsills are clean Â&#x2026; Doors are in good condition & polished Â&#x2026; Room is free of clutter

Â&#x2026; Excess furniture removed

Â&#x2026; Fireplace is clean (wood stacked neatly & ready to use)

Â&#x2026; Lights & outlets working & polished

BEDROOM

Â&#x2026; Overall appearance

Â&#x2026; Walls & ceiling freshly painted/clean Â&#x2026; Paint & wallpaper are fresh

Â&#x2026; Wood floors or carpet are clean & in good condition Â&#x2026; Curtains, drapes & windowsills are clean Â&#x2026; Doors are in good condition & polished

Â&#x2026; Room is free of clutter

Â&#x2026; Excess furniture removed

Â&#x2026; Closets & dressers are tidy

Â&#x2026; Lights & outlets working & polished

DINING ROOM

Â&#x2026; Overall appearance

Â&#x2026; Walls & ceiling freshly painted/clean

Â&#x2026; Wood floors or carpet are clean & in good condition Â&#x2026; Curtains, drapes & windowsills are clean Â&#x2026; Doors are in good condition & polished Â&#x2026; Room is free of clutter

Â&#x2026; Excess furniture removed

Â&#x2026; Lights & outlets working & polished

LAUNDRY ROOM

Â&#x2026; Overall appearance

Â&#x2026; Washer & dryer are clean & empty

Â&#x2026; Floors are clean & in good condition Â&#x2026; All lighting in good condition

KITCHEN

Â&#x2026; Overall appearance

Â&#x2026; Ceilings, walls & floor are clean Â&#x2026; Paint & wallpaper are in good condition

Â&#x2026; Sinks clean & working without leaks or drips

Â&#x2026; Pantry, cupboards & drawers are clean & uncluttered Â&#x2026; All appliances are clean inside & out/good working condition Â&#x2026; Counters uncluttered

BATHROOMS

Â&#x2026; Overall appearance

Â&#x2026; Walls & ceilings freshly painted/ clean Â&#x2026; Paint & wallpaper look new

Â&#x2026; Floors are clean & in good condition Â&#x2026; Sinks & tubs scrubbed Â&#x2026; No leaks or drips

Â&#x2026; Fixtures sparkling & in good working condition

Â&#x2026; Tile is clean & un-cracked (caulking is in good repair) Â&#x2026; All cabinets are cleaned out

Â&#x2026; Toilet working. Seat cleaned & firmly fastened Â&#x2026; Hang bright & fresh towels

BASEMENT

Â&#x2026; Clean & uncluttered Â&#x2026; Light fixtures work

Â&#x2026; Storage is organized

Â&#x2026; Smells fresh & aired out

Â&#x2026; Cracks in ceilings/walls repaired

Â&#x2026; No evidence of water penetration Â&#x2026; Dampness removed

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Cold water pipes covered Drains cleared

Sump pump installed Furnace cleaned Handrail secure

HEATING/COOLING SYSTEMS Furnace clean & inspected

Hot water heater is clean & in good condition Hot water heater is inspected

Air conditioner is clean & working

Heating & air system filters replaced

LAWNS & TREES

Lawn green & mowed

Shrubs & trees trimmed

All necessary weeding completed

POOL & SPA

Pool/spa is clean

Pool/spa equipment in good working condition Good overall appearance

HOUSE

Overall appearance

House freshly painted

Doors painted/stained Hardware works

New front doormat

Exterior lights working

Gates & fences painted & working

Walkways are clean, un-cracked, & free of clutter Trash cans are clean & out of sight

Edges trimmed

Outside windows clean, un-cracked, caulked & working properly

Fence in good repair

Roof in good condition

Flowering plants to add color Yard cleared of leaves & debris Fresh bark for an attractive entryway

GARAGE & DRIVEWAY Garage is clean & tidy

Uncluttered (junk is thrown out) Workbench clean & clutter free Garage door opens & closes properly

Gutters clear, clean & fastened

SELLING TIPS WHILE YOUR HOME IS BEING SHOWN Turn off the T.V.

Play music—tune into classical or soft jazz

Let the salesperson show your home; let him/her discuss the price & terms with the client; try not to interfere Disappear or remain in the background (take kids & pets with you) Be friendly & available

Refer inquiries about your house to your real estate professional to take advantage of the agent’s professional skills in selling your home

Have information h&y (where bus runs, what school their child will go to, how to get garbage service, good dentists or babysitters in the neighborhood, shopping centers nearby, etc.)

OTHER RECOMMENDATIONS Light a fire in the winter

Open blinds during the daytime

Tastefully decorate tables & mantels with fresh cut flowers

Have plenty of lights on at nighttime Be aware of any strong odors; create a pleasant “fresh smelling” fragrance

Oil & rust stains removed from driveway

THINGS TO DO ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________

Real Estate Sale and Purchase How does this work?

A Step-by-Step Approach BUYER:

SELLER:

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Chooses a real estate broker (selling broker) and looks at properties Chooses loan officer for loan pre-approval Makes an offer and it is accepted

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Escrow is set up, usually by the sellerâ&#x20AC;&#x2122;s Realtor

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Earnest money is deposited into escrow

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Review preliminary title report and exceptions

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Sends any final documentation to loan officer for final loan approval

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Orders inspections as recommended by their Realtor

The seller chooses a real estate broker and lists their property The offer comes in and is accepted Escrow is set up, usually by the sellerâ&#x20AC;&#x2122;s Realtor (also called the listing broker)

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Review preliminary title report

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Review the inspection reports, negotiate repairs

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Any contingencies between buyer and seller are released

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Responds to any requests for information from the escrow officer

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Reviews the inspection reports, negotiates repairs Any contingencies between buyer and seller are released

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Responds to any requests for information from the escrow officer

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Final documentation arrives at escrow

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Signing appointment is scheduled

Final documentation arrives at escrow Signing appointment is scheduled

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The buyerâ&#x20AC;&#x2122;s lender reviews the signed documents

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Clearance is given by the buyerâ&#x20AC;&#x2122;s lender to record the documents and funds are sent to escrow

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After recording the funds are disbursed and usually possession is given to the buyer

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Obtain a cashierâ&#x20AC;&#x2122;s check or make arrangements for a wire transfer for the balance of funds to close

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After signing, the loan documents are reviewed by the lender

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Clearance is given by the lender; they instruct escrow to record, and send the loan funds to escrow

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Usually after recording the Buyer receives possession

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The Life of a Sale Transaction THE BUYER CHOOSES A REAL ESTATE AGENT

Gets pre-approval letter from Lender of choice and provides to Real Estate Agent.

Makes application for a new loan with Lender for credit report and appraisal.

Makes offer to purchase and gives an earnest money deposit as good faith.

Finalize loan application with Lender and make deposit with Lender for credit report and appraisal fee. Receives a Good Faith Estimate from Lender.

Approves all inspections, and reviews preliminary title report and Lender’s conditions.

Provide all requested paperwork to Lender for review. (bank statements, tax returns, etc.)

Deposits sufficient funds in escrow for down payment and any remaining closing costs not covered by loan funds.

Escrow Officer or Real Estate Agent contacts for an appointment day, time and place to come in and sign escrow closing documents along with Lender’s loan documents.

After recording of all documents, the Real Estate Agent arranges to give the keys to the Buyer’s new home!

THE ESCROW OFFICER

THE ESCROW OFFICER (CONTINUED)

Reviews all documents, demands, and instructions that have been received and prepare closing instructions, closing statements, and any other required documents.

Upon receipt of the Lender’s loan documents, prepare and schedule signing for all Principals; requests Lender’s funds.

Prepare recording instructions and present sale deed and Lender’s trust deed documents for recording.

After receiving confirmation of recording, close file by balancing all funds and closing statements; draw and deliver checks and wire funds as directed.

THE LENDER

Accepts Buyer’s application and begins the qualification process. Provide Buyer with GFE.

Orders and reviews the title report, property appraisal, credit report, employment and funds verification.

Requests bank statements, tax returns, etc. from Buyer.

Receives an order for a sale transaction from Real Estate Agent/Lender or Seller along with a deposit of earnest money as an impartial depository.

Submits package to underwriting for loan approval and informs Buyer of loan approval.

Upon review of preliminary report, order all demands for payoff on items that appear as exceptions to title.

Delivers new loan documents to escrow, upon execution coordinates loan funding.

OR - 12/2014

AS SEEN BY:

THE SELLER CHOOSES A REAL ESTATE AGENT

Accepts Buyer’s offer to purchase and initial good faith deposit to open escrow.

Submits information to Escrow Officer such as Lender address, loan numbers and future contact information.

Orders any work for inspections and/or repairs to be done as required by the purchase agreement.

Keeps signing appointment with Escrow Officer to review closing statement and sign deed and any other document that may be required to complete the transaction.

Upon the recording of all transfer documents takes receipt of sale proceeds.

The sale transaction can be complicated and for any areas that you wish to be explained further, contact the professional staff at First American Title.

With convenient locations here in Marion, Polk, Linn & Benton Counties.

WHAT IS ESCROW? The term â&#x20AC;&#x153;escrowâ&#x20AC;? means any agreement between two or more parties (principals) wherein the delivery of instruments, monies, items of value, or evidence of title to real or personal property are deposited with a â&#x20AC;&#x2DC;NEUTRALâ&#x20AC;&#x2122; third party, (the escrow agent). This agreement contains specific written instructions executed by all parties to the transaction.

Other parties may be brought into the escrow by virtue of the instructions and requirements of the buyer and seller, i.e., the lender, lien holders, real estate agents, contract vendors, etc. In order for the seller and buyer to complete the transaction it may be necessary to receive money and documents from these other parties. Said parties will deposit their items of value along with their written instructions which confines the items to the escrow until their conditions have been met.

THE ESCROW AGENT REMAINS AN IMPARTIAL THIRD PARTY. First American Title provides professional escrow settlement services unsurpassed in our industry.

PLACING YOUR ESCROW WITH FIRST AMERICAN TITLE PROVIDES: T

A financially responsible and licensed custodian to safeguard funds and documents

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Expertise in handling complicated transactions, especially in todayâ&#x20AC;&#x2122;s challenging environment

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A â&#x20AC;&#x153;clearing houseâ&#x20AC;? for the payment of all liens and other encumbrances

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A single point of contact for coordinating the flow of documents and funds

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An impartial third party to assume responsibility for the many tasks involved in closing

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Frequently Asked Questions About Title Insurance What Is Title Insurance?

A title insurance policy protects the insured against any loss suffered as a result of the title to land not being as insured in the policy. For a one time premium the title policy provides protection as long as the buyer owns the property. The seller customarily provides an Ownerâ&#x20AC;&#x2122;s Title Insurance Policy to the buyer; the buyer provides a Lenderâ&#x20AC;&#x2122;s Title Insurance Policy to the lender. Unlike other kinds of insurance, title insurance insures against past events, affecting the rights to real property, rather than unforeseen future events.

Why Is Title Insurance Important?

You need title insurance because any home, no matter how new or apparently secure, is built on land as old as the earth itself. Undoubtedly, this land has had many previous owners. Claims against any one of these persons can be filed against the property and against you as the present owner. Such hazards as fraud, missing heirs, old liens and many others can, and sometimes do, arise like ghosts out of the past. Title insurance protects you against these claims and title defects (it makes your home safely yours). Your title insurance policy is your shield of protection and will defend your ownership against loss insurance against in the title policy. Your protection and peace of mind last as long as you and your heirs remain in ownership.

How Much Does Title Insurance Cost?

Unlike the annual premiums of most other forms of insurance, you pay a one-time premium for title insurance. The premium will depend on the type of coverage you and/or your lender request.

Who Is Covered?

There are two basic types of title insurance policies: an Ownerâ&#x20AC;&#x2122;s Policy and a Lenderâ&#x20AC;&#x2122;s Policy.

Ownerâ&#x20AC;&#x2122;s Policy: Ownerâ&#x20AC;&#x2122;s title insurance, which the seller typically pays for at closing, is issued generally for the amount of the purchase price. It protects the purchaser and the purchaserâ&#x20AC;&#x2122;s heirs as long as they own the property.

Lenderâ&#x20AC;&#x2122;s Policy: Most lenders require title insurance as security for their investment in the property. The borrower typically pays for the Lenderâ&#x20AC;&#x2122;s Policy, which is issued for the loan amount.

How Does A Title Company Eliminate Risks?

Title insurers conduct an examination of the public records looking for matters affecting the title to the real property. These records can include, among other things:

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Deeds Civil and Probate court records Easements Maintenance Agreements Assessments Debts and other burdens Restrictions on the property

An important part of the title insurance process is eliminating risk prior to insuring, thereby reducing the possibly of claim or loss. However, even the most careful examination cannot disclose â&#x20AC;&#x153;hidden hazardsâ&#x20AC;? to title.

What Are Some Hidden Hazards?

Hidden hazards can emerge after completion of a real estate purchase creating an unpleasant and sometimes costly surprise. Some examples are:

- Forged deeds, releases or wills.

- Undisclosed heirs claiming an interest in the property.

- Documents executed under an expired or -

fabricated power of attorney.

Mistakes made in the public record Deeds executed by persons of unsound mind Gaps in the â&#x20AC;&#x153;chain of titleâ&#x20AC;?

Invalid divorces Fraud

While many of these hidden hazards might not be revealed as a result of a routine title examination, they are covered under the terms of a title insurance policy. First American Title Insurance Company will defend the insured owner against an attack on their title and cover the cost of any settlement, including attorney fees.

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What Is A Preliminary Title Commitment/Report?

Based on the results of the title examination, First American Title Insurance Company will issue a Preliminary Title Commitment for Title Insurance.

The title commitment will include the following:

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The names of the buyers and sellers The type and amounts of coverage to be issued The legal description of the property A report of the condition of the title including any easements, liens, judgments and existing loans - A sketch (map) of the property - Copies of pertinent documents disclosed in the title report or commitment - An agreement to issue a Title Insurance Policy upon payment of the premium, subject to the terms and conditions as stated

Things to Look For on Title Reports Pending Action Before title insurance can be issued on a subject property, a civil action affecting the property will generally need to be dismissed or settled. A pending divorce may not need to be finalized prior to closing of a sale or loan, however there may be special circumstances. Be sure to check with your First American Title Office for further information.

Taxes And Assessments Be sure to look for any special circumstances such as exemptions or classification designations that could change the tax amount as a result of a sale or loan, then disclose this to the buyer.

Vesting

What Are Some Exceptions To The Title Policy?

Your seller should be vested in the property. If they are not in title, look for a real estate contract as an exception. If one does not exist, check the legal description to make sure it is the same as on the purchase and sale agreement.

The following are some items which are typically not covered by the title insurance:

Joint Use

- Taxes or assessments not shown by the public record

- Errors due to poor surveying, such as faulty

Driveways, party walls and access easements may require a joint maintenance agreement by the lender. The title report will show if one has been recorded.

boundary lines

- Limitations on land use, such as laws against

Extended Coverage

farm animals - Exceptions may also be added to your policy.

If an extended coverage policy is requested, an ALTA survey of the property might be required. If there is a question on encroachment, lien rights or other matters, these must be cleared prior to closing.

A supplemental report will be issued if these matters are cleared by an Inspection of the property.

Examples include: - Easements, right of way and other legal obligations noted in the deed or other public records - Restrictive covenants or agreements limiting uses to your property

Legal Description The legal description should always be compared to the legal description on the purchase and sales agreement to ensure all property being conveyed has been included and thereby covered in the preliminary commitment.

Identity Matters Judgments and Liens may be eliminated with an identity affidavit if they do not affect the party in question. If they do affect the party, but have been paid and not satisfied of record, a release should be recorded or filed to eliminate the matters from record.

Deed Of Trust Deeds of Trust which are paid off require a reconveyance from the trustee or a court-ordered release to remove it from record.

In rare circumstances, upon proof of payment and indemnification acceptable to the title company, these encumbrances may be eliminated as exceptions to the title policy coverage.

Terms you Should Know T

AMENDMENTS A changeâ&#x20AC;&#x201D;either to alter, add to, or correctâ&#x20AC;&#x201D;part of an agreement without changing the principal idea or essence.

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APPRAISAL An estimate of value of property resulting from analysis of facts about the property; an opinion of value.

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ASSUMPTION Taking over another personâ&#x20AC;&#x2122;s financial

obligation; taking title to a parcel of real property with the Buyer assuming liability for paying an existing note secured by a deed of trust against the real property.

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BENEFICIARY The recipient of benefits, often from a deed of trust; usually the lender.

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CLOSE OF ESCROW Generally the date the documents are recorded and title passes from Seller to Buyer. On this date, the Buyer becomes the legal owner, and title insurance becomes effective.

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COMPARABLE SALES Sales that have similar characteristics as the subject real property, used for analysis in the appraisal. Commonly called â&#x20AC;&#x153;comps.â&#x20AC;?

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DEED OF TRUST A real property security instrument

which, when recorded, provides security for a promissory note or other obligation. Used in place of a mortgage T

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.

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EARNEST MONEY DEPOSIT Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment.

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EASEMENT A right, privilege or interest limited to a specific purpose that one party has in the land of another.

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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.

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IMPOUNDS A trust type of account established by lenders for the accumulation of borrowerâ&#x20AC;&#x2122;s funds to meet periodic payments of taxes, mortgage insurance premiums and/or future insurance policy premiums, required to protect their security.

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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.

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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.

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MORTGAGE The instrument by which real property is pledged as security for repayment of a loan.

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PITI A payment that combines Principal, Interest, Taxes, and Insurance.

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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 â&#x20AC;&#x153;Attorney-in-Fact.â&#x20AC;?

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PURCHASE AGREEMENT The purchase contract between the Buyer and Seller. It is usually completed by the real estate agent and signed by the Buyer and Seller.

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QUITCLAIM DEED A deed operating as a release, intending to pass any title, interest, or claim which the grantor may have in the property, but not containing any warranty of a valid interest or title by the grantor.

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RECORDING Filing documents affecting real property with the County Recorder as a matter of public record.

The information above reflects common terms and definitions used across the nation. Not all of the content may be relevant to every state. First American Title Insurance Company makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. If you have questions regarding a term or definition, please contact your local First American Title office for assistance.

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Services & Utilities Douglas County - Helpful Numbers Telephone Service Qwest Communications Verizon Comspan USA Communications

Electricity Pacific Power Douglas Electric Cooperative Central Lincoln PUD, Reedsport

Natural Gas Avista Utilities Corporation

Water Roseburg Roberts Creek Sutherlin Glide Winston/Dillard Oakland Myrtle Creek Riddle Canyonville Yoncalla Drain Reedsport Umpqua Basin Water Association Inc.

Sewer Roseburg Green Sanitary Sutherlin Glide Sewer Winston

Garbage Service Roseburg Disposal Sutherlin Sanitary Service (Sutherlin and Oakland) South Umpqua Disposal (Myrtle Creek) North Douglas Sanitary (serving North County) Winston Sanitary Service

Cable Television Charter Communications

Department of Motor Vehicles Roseburg

OR - 12/2014

Rev. December 2014

PHONE

FA X

1.800.244.1111 1.800.483.4000 541.229.0229 PHONE

FA X

1.800.221.7070 541.673.6616 541.271.2181

541.672.0863 541.271.8729

PHONE

FA X

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Reminders for Residential Sellers

AR E Y O U R LOAN PAY M E N T S W IT H DR AW N AU T OM AT ICAL LY ?

U T IL IT IE S

If so, you may want to contact your current lender

and close out the accounts. The final utility bill is not

and ask them to stop any automatic withdrawals.

being paid through escrow; you will need to make

Sometimes communication that your loan has been

arrangements directly with the utility company to

paid off can be slow in reaching the department in

cover payment for charges incurred between your last

charge of automatic withdrawals.

statement and the closing date.

F IR E IN S U R ANCE

W HAT H AP P E N S N E XT ?

After recording is confirmed, you should talk to your

Once all parties involved with the transaction

insurance agent about canceling any insurance policies

have given their approval, we will record. After the

affecting the property.

documents have been recorded, we will disburse and

Contact the utility companies to remove your name

you will receive your proceeds.

F IN AL H U D After closing and recording, you will receive your final

E S CR O W ACCOU N T

HUD in the mail. Please keep it for tax purposes.

If you pay taxes and insurance to your current mortgage holder you may be entitled to a refund of the balance

KE Y E XCHANGE

on that account. Mortgage companies typically process

Your real estate professional typically handles the

refunds within 30 day of closing. Make sure they have

key exchange.

your forwarding address to ensure receipt of the refund.

Thank you for choosing First American Title for your title and escrow needs! We appreciate working with you - please feel free to call us with any questions.

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SEND CHANGE OF ADDRESS TO: Â&#x2026; Post Office

Â&#x2026; Credit card companies

Â&#x2026; Bank

Â&#x2026; Friends and relatives

Â&#x2026; Insurance companies â&#x20AC;&#x201D; Life, health, fire, auto

Â&#x2026; Automobile â&#x20AC;&#x201D; Transfer of car title registration, driverâ&#x20AC;&#x2122;slicense Â&#x2026; Utility companies â&#x20AC;&#x201D; Gas, light, water, telephone, cable Â&#x2026; Arrange for any refunds or deposits Â&#x2026; Arrange for service in new location

Â&#x2026; Home delivery â&#x20AC;&#x201D; Laundry, newspaper, magazine subscriptions Â&#x2026; School records â&#x20AC;&#x201D; Ask for copies or transfer childrenâ&#x20AC;&#x2122;s school records Â&#x2026; Medical records â&#x20AC;&#x201D; Medical, dental, prescription histories Â&#x2026; Ask doctor and dentist for referrals Â&#x2026; Transfer needed prescriptions, x-rays, etc. Â&#x2026; Church, Clubs Civic Organizations â&#x20AC;&#x201D; Transfer memberships and get letters of introduction

Â&#x2026; Pets â&#x20AC;&#x201D; Ask about regulations of pet licenses, vaccinations, tags, etc.

DONâ&#x20AC;&#x2122;T FORGET TO: Â&#x2026; Empty freezers â&#x20AC;&#x201D; Plan use of foods Â&#x2026; Defrost freezer/refrigerator

Â&#x2026; Have appliances serviced for moving

Â&#x2026; Contact utility companies for connection â&#x20AC;&#x201D; Water, power, cable, trash, etc.

Â&#x2026; Stay in contact with your mover â&#x20AC;&#x201D; Check with the following: insurance coverage, packing and unpacking labor, arrival day, various shipping papers, method and time of expected payment. Â&#x2026; Plan special care and needs of infants, children, pets and potted plants ON MOVING DAY:

Moving Checklist

Â&#x2026; Carry currency, jewelry, documents yourself

FIRST AMERICAN TITLE

Â&#x2026; Leave old keys needed by new owner

Â&#x2026; Plan for transporting pets â&#x20AC;&#x201D; They can be poor traveling companions if unhappy

Â&#x2026; Let a close friend or relative know route and schedule you will travel including overnight stops; use him/her as message headquarters Â&#x2026; Double check old closets, drawers, shelves to be sure they are empty

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Moving With Young Kids Your familyâ&#x20AC;&#x2122;s move can be an exciting time for you and your children. It can also be a stressful and sad time. Moving represents change which can be difficult at any age. Sharing and reading picture books about moving is a great way to prepare kids for whatâ&#x20AC;&#x2122;s ahead and give voice to the range of feelings that they may be experiencing.

Most children have an adventurous, curious side to them.

Try appealing to this side when telling them that the family is moving. This way, youâ&#x20AC;&#x2122;ll help them view the move as an experience that can lead to exciting discoveries.

Even in their excitement, young children will feel sadness at leaving familiar people, places and activities. Help your kids with concrete ways to make the â&#x20AC;&#x153;old place to the new placeâ&#x20AC;? transition. Following are some tips for you to help your young children cope with the move.

What To Expect Moving to a new place can affect a childâ&#x20AC;&#x2122;s behavior and emotions. Toddlers and young children are egocentric. When you show stress, they may think itâ&#x20AC;&#x2122;s because of something they did. Be mindful of your emotions and actions in their presence and give them plenty of reassurance.

Younger kids may be the most eager members of your families moving team. Let your kids help by assigning tasks you know they can handle.

Moving Tips - Make a list of all the questions your child has about moving.

- Create an address book.

- Be sure to allocate enough time to say your special goodbyes.

Telling Younger Children About The Move - Explain where and why you are moving.

- Highlight benefits of moving that your kids can understand.

- Use maps and pictures to help illustrate where you are going and make the move more concrete.

- Reassure them that their life wonâ&#x20AC;&#x2122;t change dramatically.

- Make a last visit to their favorite places.

- Plan their new bedroom.

Helpful Advice From Parents Who Have Been There - Keep your kids in the loop on important moving information.

- Visit the new school and community before you move.

- Try to keep things and routines familiar.

- Set up a toddlerâ&#x20AC;&#x2122;s new room similar to their old one.

- Think about volunteering at school. It might be nice for your child to have a reassuring presence in an unfamiliar environment.

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