HOME BOOK
PREPARED FOR:
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.
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.
01100180621
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Subject Property
6232
W Oraibi Dr Glendale AZ 85308 APN: 200-28-792
© 2024 CoreLogic. All rights reserved
Data Provided By: First American Title Ins Co
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.
Data
First American Title Ins Co
Provided By:
© 2024 CoreLogic. All rights reserved
Subject Property : 6232 W Oraibi Dr Glendale AZ 85308
Owner Information
Owner Name : Tennyson Trust
Mailing Address : 22360 N 59th Ln, Glendale AZ 85310-4264 R018
Vesting Codes : / / Trust
Owner Occupied Indicator : A
Location Information
Legal Description : Lot 67 Highland Point Mcr 444-40
County : Maricopa, Az
Census Tract / Block : 6159.00 / 2
Township-Range- Sect : 04N-02E-30
Legal Lot : 67
APN : 200-28-792
Owner Transfer Information
Recording/Sale Date : 05/12/2014 / 05/08/2014
Document # : 305884
Last Market Sale Information
Recording/Sale Date : 09/20/2004 / 08/30/2004
Sale Price : $192,000
Document # : 1096774
Deed Type : Warranty Deed
1st Mtg Amount/Type : $153,600 / Cnv
Title Company : Talon Group Title
Lender : Transnational Fin'l Network
Seller Name : Cal-phoenix Ptshp
Prior Sale Information
Prior Rec/Sale Date : 08/29/1997
Subdivision : Highland Point
Map Reference : 44440
School District : Deer Valley 97
Munic/Township : Glendale
Neighbor Code : 15-008
Deed Type : Warranty Deed
1st Mtg Document # : 305883
1st Mtg Int. Rate/Type : / Fixed Rate Loan
1st Mtg Document # : 1096775
1st Mtg Term : 30
Price Per SqFt : $118.96
Prior Deed Type : Deed (reg)
Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 06/10/2024
© 2024 CoreLogic. All rights reserved
Property Characteristics
Gross Area : 1,614
Living Area : 1,614
Total Rooms : 6
Year Built / Eff : 1997
# of Stories : 1
Parking Type : Garage
Property Information
Land Use : Sfr
Zoning : R1-7
Lot Acres : 0.17
Tax Information
Garage Capacity : 2
Roof Material : Concrete Tile
Heat Type : Forced Air
Cooling Type : Forced Air
Patio Type : Covered Patio
Air Cond : Refrigeration
Quality : Good
Condition : Average
Exterior wall : Frame Wood Bath Fixtures : 8
Lot Size : 7,344
Water Type : Type Unknown
Sewer Type : Public Service
Use : Single Fam Resurban Subd ( 4 )
970706
State
Improve
Market
Tax Year :
Total Taxable Value : $20,981 Property Tax : $2,245.70 Current Year Total Value : $63,952 Customer Name
Stiffler Customer
© 2024 CoreLogic. All rights reserved
Total Value : $265,100 Assessed Year : 2022 Tax Rate Area :
Land Value : $53,000
% : 80%
Value : $265,100 Improvement Value : $212,100
2022 Current Assessed Year : 2024
: Jeremiah
Company Name : First American Prepared On : 06/10/2024
Sales
Criteria Subject Property Low High Average Sale Price $192,000 $432,000 $575,000 $487,475 Bldg/Living Area 1614 1393 1838 1598 Price Per Square Foot $118.96 $264 $380 $306.06 Year Built 1997 1992 1999 1997 Lot Size 7,344 4,666 13,000 7,120 Bedrooms Bathrooms 3 3 3 3 Stories 1 1 1 1 Total Assessed Value $265,100 $240,300 $296,200 $265,070 Distance From Subject 0 0.01 0.49 0.33 Summary of Comparables # Address Sale Price Total Assessed Value Sale Date Bed Bath Living Area Lot Size Year Built Dist (Miles) Zoning S 6232 W Oraibi Dr 192,000 265,100 09/20/2004 3 1,614 7,344 1997 R1-7 1 6236 W Oraibi Dr 475,000 272,600 11/17/2023 3 1,684 7,343 1998 0.01 R1-7 2 6203 W Wikieup Ln 465,000 283,200 06/14/2023 3 1,614 7,195 1998 0.11 R1-7 3 6353 W Wahalla Ln 445,000 240,300 04/04/2024 3 1,393 5,500 1998 0.15 R1-7 4 6155 W Oraibi Dr 485,500 268,700 08/18/2023 3 1,416 8,288 1998 0.2 R1-7 5 6408 W Wahalla Ln 515,000 257,700 05/30/2024 3 1,667 5,500 1997 0.22 R1-7 6 6117 W Piute Ave 462,000 265,100 07/06/2023 3 1,614 6,600 1998 0.25 R1-7 7 6447 W Escuda Rd 459,600 252,300 06/03/2024 3 1,393 5,977 1996 0.31 R1-7 8 6458 W Adobe Dr 520,000 266,100 08/08/2023 3 1,667 8,510 1997 0.32 R1-7 9 20239 N 63rd Dr 456,000 267,600 10/27/2023 3 1,725 5,964 1999 0.34 R1-4 10 6462 W Escuda Rd 471,500 278,200 06/16/2023 3 1,667 8,900 1997 0.37 R1-7 11 6534 W Piute Ave 575,000 272,100 08/31/2023 3 1,681 6,820 1998 0.38 R1-7 12 6233 W Blackhawk Dr 432,000 242,700 03/22/2024 3 1,528 6,500 1994 0.38 R1-6 13 6047 W Pontiac Dr 545,000 252,700 11/08/2023 3 1,435 7,783 1993 0.39 R1-7 14 6349 W Blackhawk Dr 460,000 251,300 04/19/2024 3 1,592 4,666 1998 0.4 R1-4 Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024 © 2024 CoreLogic. All rights reserved
Analysis
15 6520 W Adobe Dr 499,900 296,200 11/09/2023 3 1,667 13,000 1997 0.41 R1-7 16 6249 W Blackhawk Dr 490,000 263,600 08/11/2023 3 1,528 6,934 1995 0.41 R1-6 17 6378 W Blackhawk Dr 455,000 254,800 02/26/2024 3 1,592 5,204 1999 0.45 R1-4 18 6382 W Blackhawk Dr 459,000 252,700 12/21/2023 3 1,592 5,190 1998 0.45 R1-4 19 6023 W Blackhawk Dr 545,000 290,500 04/04/2024 3 1,838 7,842 1992 0.48 R1-7 20 6651 W Tonto Dr 534,000 273,000 03/15/2024 3 1,670 8,687 1997 0.49 R1-7 Distressed
Map Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024 © 2024 CoreLogic. All rights reserved
Sales =
Details of Comparables
Subject Property: 6232 W Oraibi Dr Glendale Az 85308
Owner Name: Tennyson Trust / APN / Alternate APN: 200-28-792 / Deed Type: Warranty Deed
Subdivision / Tract: Highland Point / Lot Size: 7,344
Land Use: Sfr
Year Built / Eff: 1997 / Rec. Date / Price: 09/20/2004 / $192,000 Living Area: 1,614 # of units:
Document #: 1096774
Total Tax Value: $265,100
#1 6236 W Oraibi Dr Glendale Az 85308
Bedrooms: Pool:
Bath(F/H): /
Owner Name: Roberts Janice M / APN / Alternate APN: 200-28-791 / Deed Type: Warranty Deed
Subdivision / Tract: Highland Point / Lot Size: 7,343
Rec. Date / Price: 11/17/2023 / $475,000 Living Area: 1,684
Document #: 594123
Total Tax Value: $272,600
#2 6203 W Wikieup Ln Glendale Az 85308
Owner Name: Atefi Kamal /Sepehri Sima
Bedrooms:
Bath(F/H): /
APN / Alternate APN: 200-28-765 / Deed Type: Special Warranty Deed
Subdivision / Tract: Highland Point / Lot Size: 7,195
Rec. Date / Price: 06/14/2023 / $465,000 Living Area: 1,614
Document #: 309227
Total Tax Value: $283,200
#3 6353 W Wahalla Ln Glendale Az 85308
Land Use: Sfr
Year Built / Eff: 1998 /
Land Use: Sfr
Year Built / Eff: 1998 /
# of units:
Bedrooms: Pool: Pool
Bath(F/H): /
Owner Name: Osselaer Katelyn E /Garrett Mark P
APN / Alternate APN: 200-28-373 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 2 / Lot Size: 5,500
Rec. Date / Price: 04/04/2024 / $445,000 Living Area: 1,393
Document #: 175202
Total Tax Value: $240,300
#4 6155 W Oraibi Dr Glendale Az 85308
Land Use: Sfr
Year Built / Eff: 1998 /
# of units:
Bedrooms: Pool:
Bath(F/H): /
Owner Name: Nicholson Samantha / APN / Alternate APN: 200-28-813 / Deed Type: Warranty Deed
Subdivision / Tract: Highland Point / Lot Size: 8,288
Land Use: Sfr
Year Built / Eff: 1998 / Rec. Date / Price: 08/18/2023 / $485,500 Living Area: 1,416
Document #: 434254
Total Tax Value: $268,700
# of units:
Bedrooms: Pool: Pool
Bath(F/H): / Customer Name : Jeremiah Stiffler
Customer Company Name : First American Prepared On : 06/10/2024
# of units:
Pool:
© 2024 CoreLogic. All rights reserved
#5 6408 W Wahalla Ln Glendale Az 85308
Owner Name: Patel Jainesh / APN / Alternate APN: 200-28-354 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 2 / Lot Size: 5,500
Land Use: Sfr
Year Built / Eff: 1997 /
Rec. Date / Price: 05/30/2024 / $515,000 Living Area: 1,667 # of
Document #: 286332
Total Tax Value: $257,700
#6 6117 W Piute Ave Glendale Az 85308
Bedrooms:
Bath(F/H): /
Owner Name: Golden M & B Fam Trust / APN / Alternate APN: 200-28-750 / Deed Type: Warranty Deed
Land Use: Sfr
Subdivision / Tract: Highland Point / Lot Size: 6,600 Year Built / Eff: 1998 / Rec. Date / Price: 07/06/2023 / $462,000 Living Area: 1,614 # of
Document #: 352599
Bedrooms:
Total Tax Value: $265,100 Bath(F/H): /
#7 6447 W Escuda Rd Glendale Az 85308
Owner Name: Opendoor Property Trust I / APN / Alternate APN: 200-28-306 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 2 / Lot Size: 5,977
Rec. Date / Price: 06/03/2024 / $459,600 Living Area: 1,393
Document #: 294659
Total Tax Value: $252,300
#8 6458 W Adobe Dr Glendale Az 85308
Land Use: Sfr
Year Built / Eff: 1996 /
# of units:
Bedrooms: Pool: Pool
Bath(F/H): /
Owner Name: Williamson Shane /Williamson Rachel
APN / Alternate APN: 200-28-337 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 2 / Lot Size: 8,510
Rec. Date / Price: 08/08/2023 / $520,000 Living Area: 1,667
Document #: 413489
Total Tax Value: $266,100
#9 20239 N 63rd Dr Glendale Az 85308
Owner Name: Cardiff David /Cardiff Amy
Bedrooms:
Bath(F/H): /
APN / Alternate APN: 231-16-431 / Deed Type: Warranty Deed
Subdivision / Tract: Arrowhead Enclave / Lot Size: 5,964
Land Use: Sfr
Year Built / Eff: 1997 /
# of units:
Pool:
Land Use: Sfr
Year Built / Eff: 1999 / Rec. Date / Price: 10/27/2023 / $456,000 Living Area: 1,725
Document #: 558217
Total Tax Value: $267,600
Bedrooms:
Bath(F/H): /
# of units:
Pool:
Name : Jeremiah Stiffler
Company Name : First American Prepared On : 06/10/2024
units:
Pool:
units:
Pool:
Customer
© 2024 CoreLogic. All rights reserved
Customer
#10 6462 W Escuda Rd Glendale Az 85308
Owner Name: Ramsbottom Scott /Ramsbottom Angeligue
APN / Alternate APN: 200-28-278 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 2 / Lot Size: 8,900
Rec. Date / Price: 06/16/2023 / $471,500 Living Area: 1,667
Document #: 314559
Total Tax Value: $278,200
#11 6534 W Piute Ave Glendale Az 85308
Land Use: Sfr
Year Built / Eff: 1997 /
# of units:
Bedrooms: Pool: Pool
Bath(F/H): /
Owner Name: Whitten Gregory / APN / Alternate APN: 231-22-193 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 1 / Lot Size: 6,820
Rec. Date / Price: 08/31/2023 / $575,000 Living Area: 1,681
Document #: 459640
Total Tax Value: $272,100
Land Use: Sfr
Year Built / Eff: 1998 /
#
Bedrooms: Pool:
Bath(F/H): /
#12 6233 W Blackhawk Dr Glendale Az 85308
Owner Name: Cig Re 001 Llc /
APN / Alternate APN: 200-22-923 / Deed Type: Warranty Deed
Subdivision / Tract: Parcel 9 At Arrowhead Ranch / Lot Size: 6,500
Rec. Date / Price: 03/22/2024 / $432,000 Living Area: 1,528
Document #: 149683
Total Tax Value: $242,700
#13 6047 W Pontiac Dr Glendale Az 85308
Bedrooms:
Bath(F/H): /
Owner Name: Del Duca Ted T /Del Duca Maureen L
APN / Alternate APN: 200-22-397 / Deed Type: Warranty Deed
Subdivision / Tract: Discovery At Arrowhead Ranch Lt 1-108 Tr A-i / Lot Size: 7,783
Rec. Date / Price: 11/08/2023 / $545,000 Living Area: 1,435
Document #: 579104
Total Tax Value: $252,700
Land Use: Sfr
Year Built / Eff: 1994 /
# of units:
Pool:
Land Use: Sfr
Year Built / Eff: 1993 /
# of units:
Bedrooms: Pool: Pool
Bath(F/H): /
#14 6349 W Blackhawk Dr Glendale Az 85308
Owner Name: Choi Monica / APN / Alternate APN: 231-16-383 / Deed Type: Warranty Deed
Subdivision / Tract: Arrowhead Enclave / Lot Size: 4,666
Land Use: Sfr
Year Built / Eff: 1998 / Rec. Date / Price: 04/19/2024 / $460,000 Living Area: 1,592
Document #: 204973
Total Tax Value: $251,300
# of units:
Bedrooms: Pool:
Bath(F/H): / Customer Name : Jeremiah Stiffler
Company Name : First American Prepared On : 06/10/2024
of units:
© 2024 CoreLogic. All rights reserved
Customer
#15 6520 W Adobe Dr Glendale Az 85308
Owner Name: Loew-sherer Amanda /Sherer Steven
APN / Alternate APN: 200-28-250 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 2 / Lot Size: 13,000
Rec. Date / Price: 11/09/2023 / $499,900 Living Area: 1,667
Document #: 581554
Total Tax Value: $296,200
Bedrooms:
Bath(F/H): /
#16 6249 W Blackhawk Dr Glendale Az 85308
Owner Name: Ebrahimi Milad /Alina Emma
APN / Alternate APN: 200-22-927 / Deed Type: Warranty Deed
Subdivision / Tract: Parcel 9 At Arrowhead Ranch / Lot Size: 6,934
Rec. Date / Price: 08/11/2023 / $490,000 Living Area: 1,528
Document #: 421374
Total Tax Value: $263,600
Bedrooms:
Bath(F/H): /
#17 6378 W Blackhawk Dr Glendale Az 85308
Owner Name: Carter Brandi / APN / Alternate APN: 231-16-357 / Deed Type: Warranty Deed
Subdivision / Tract: Arrowhead Enclave / Lot Size: 5,204
Land Use: Sfr
Year Built / Eff: 1997 /
# of units:
Pool: Pool
Land Use: Sfr
Year Built / Eff: 1995 /
# of units:
Pool: Pool
Land Use: Sfr
Year Built / Eff: 1999 / Rec. Date / Price: 02/26/2024 / $455,000 Living Area: 1,592
Document #: 94576
Total Tax Value: $254,800
Bedrooms:
Bath(F/H): /
#18 6382 W Blackhawk Dr Glendale Az 85308
Owner Name: Jones Cayla /
APN / Alternate APN: 231-16-358 / Deed Type: Warranty Deed
Subdivision / Tract: Arrowhead Enclave / Lot Size: 5,190
# of units:
Pool:
Land Use: Sfr
Year Built / Eff: 1998 / Rec. Date / Price: 12/21/2023 / $459,000 Living Area: 1,592
Document #: 650536
Total Tax Value: $252,700
# of units:
Bedrooms: Pool:
Bath(F/H): /
#19 6023 W Blackhawk Dr Glendale Az 85308
Owner Name: Shakespeare Tawni Fami / APN / Alternate APN: 200-22-380 / Deed Type: Warranty Deed
Subdivision / Tract: Discovery At Arrowhead Ranch Lt 1-108 Tr A-i / Lot Size: 7,842
Rec. Date / Price: 04/04/2024 / $545,000 Living Area: 1,838
Document #: 174666
Total Tax Value: $290,500
Land Use: Sfr
Year Built / Eff: 1992 /
# of units:
Bedrooms: Pool: Pool
Bath(F/H): / Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024
© 2024 CoreLogic. All rights reserved
#20 6651 W Tonto Dr Glendale Az 85308
Owner Name: Joseph Amanda / APN / Alternate APN: 231-22-242 / Deed Type: Warranty Deed
Subdivision / Tract: Highlands At Arrowhead Ranch 1 / Lot Size: 8,687
Rec. Date / Price: 03/15/2024 / $534,000 Living Area: 1,670
Document #: 135694
Total Tax Value: $273,000
Bedrooms:
Bath(F/H): /
Land Use: Sfr
Year Built / Eff: 1997 /
# of units:
Pool:
Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024 © 2024 CoreLogic. All rights reserved
6232 W Oraibi Dr Glendale AZ 85308 Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024 © 2024 CoreLogic. All rights reserved
Subject Property :
Customer
Customer
© 2024 CoreLogic. All rights reserved
Name : Jeremiah Stiffler
Company Name : First American Prepared On : 06/10/2024
6236
Owner Name : Roberts Janice M
Sale Date : 11/07/2023
Subdivision : Highland Point
Recording Date : 11/17/2023
Total Value : $272,600 Sale Price : $475,000
Bed / Bath : / 3
Land Use : Sfr
Owner Name : Blanco Jesus C
Total Value : $323,500
Bed / Bath : / 4
Land Use : Sfr
Stories : 2
Owner Name : Robert B Pawlyshyn
Total Value : $285,600
Bed / Bath : / 3
Tax : $1,952.04
0.17
Subdivision : Highland Point
Recording Date : 08/29/1997
Tax : $2,491.16
Acres : 0.19
Subdivision : Highland Point
Recording Date : 08/29/1997
Property Tax : $2,487.48
Land Use : Sfr Lot Acres : 0.18
Stories : 1 Living Area : 1,614 Yr Blt / Eff Yr Blt : 1997 / APN : 200-28-787
6226 W WIKIEUP LN Distance 0.05 Miles
Owner Name : Pitner Daniel
Sale Date : 01/07/2020
Subdivision : Highland Point
Recording Date : 01/16/2020
Total Value : $269,200 Sale Price : $326,000
Bed / Bath : / 3 Property Tax : $1,925.70
Land Use : Sfr
Acres : 0.16
Stories : 1 Living Area : 1,614
Yr Blt / Eff Yr Blt : 1998 / APN : 200-28-772 Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024
Distance 0.01 Miles
W ORAIBI DR
Property
Lot Acres :
Living Area :
Yr Blt / Eff Yr Blt : 1998
APN : 200-28-791
ORAIBI
Distance 0.03 Miles
Stories : 1
1,684
/
6229 W
DR
Property
Lot
Living Area :
Yr Blt / Eff Yr Blt : 1997
APN : 200-28-784
ORAIBI DR Distance 0.05 Miles
2,175
/
6241 W
Lot
©
rights reserved
2024 CoreLogic. All
6206 W WIKIEUP LN
Owner Name : Gray Donald R Jr
Sale Date : 04/08/2015
Subdivision : Highland Point
Recording Date : 06/05/2015
Total Value : $278,600 Sale Price : $240,000
Bed / Bath : / 3 Property Tax : $2,016.30
Land Use : Sfr Lot Acres : 0.18
Stories : 1
Yr Blt / Eff Yr Blt : 1997 /
19826 N 66TH AVE
Owner Name : Highlands At Arrowhead Ranch H
Area : 1,758
200-28-777
Subdivision : Highland Point
Total Value : $500 Lot Acres : 0.18
Land Use : Open Space APN : 200-28-848
0.08 Miles
19826 N 66TH AVE Distance 0.08 Miles
Owner Name : Highlands At Arrowhead Ranch H
Total Value : $500
Land Use : Open Space
Subdivision : Highlands At Arrowhead Ranch 1
19826 N 66TH AVE
Owner Name : Highlands At Arrowhead Ranch H
Recording Date : 07/30/1996
Acres : 0.13
231-22-394
0.08 Miles
Subdivision : Highland Point
Total Value : $500 Lot Acres : 0.68
Land Use : Open Space APN : 200-28-849
19815 N 63RD DR Distance 0.09 Miles
Owner Name : Hedge Carla R
Sale Date : 01/28/1999
Subdivision : Highlands At Arrowhead Ranch 1
Recording Date : 02/01/1999
Total Value : $313,500 Sale Price : $151,071
Bed / Bath : / 3 Property Tax : $2,323.12
Land Use : Sfr Lot Acres : 0.17
Stories : 1 Living Area : 1,967
Yr Blt / Eff Yr Blt : 1998 / APN : 231-22-389 Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024
Distance 0.07 Miles
Living
APN :
Distance
Lot
APN :
Distance
© 2024 CoreLogic. All rights reserved
19805 N 63RD DR Distance 0.09 Miles
Owner Name : Dsa Properties-2 Llc
Sale Date : 09/29/2020
Total Value : $320,600
Subdivision : Highlands At Arrowhead Ranch 1
Recording Date : 11/03/2020
Sale Price : $390,000
Bed / Bath : / 3 Property Tax : $2,899.74
Land Use : Sfr
Stories : 1
Lot Acres : 0.18
Living Area : 2,313 Yr Blt / Eff Yr Blt : 1999 / APN : 231-22-121
Customer Name : Jeremiah Stiffler Customer Company Name
First American Prepared On
06/10/2024 © 2024 CoreLogic. All rights reserved
:
:
Census Tract / block: 6159.00 / 2 Year: 2020
Household Population Population by Age Count: 4,080 0 - 11 Estimate Current Year: 3,915 12 - 17 Estimate in 5 Years: 3,319 18 - 24 8.58% Growth Last 5 Years: -2.67% 25 - 64 61.76% Growth Last 10 Years: -123.04% 65 - 74 9.09% 75+ Household Size Household Income Current Year: 1,845 0 - $25,000 16.59% Average Current Year: 2.2 $25,000 - $35,000 9.43% Estimate in 5 Years: 2,438 $35,000 - $50,000 9.76% Growth Last 5 Years: 8.67% $50,000 - $75,000 13.93% Growth Last 10 Years: -0.86% $75,000 - $100,000 13.39% Male Population: 52.77% Above $100,000 36.91% Female Population: 47.23% Average Household Income: $80,241 Married People: 52.02% Unmarried People: 47.98% Housing Median Mortgage Payments Home Values Under $300: 0% Below $100,000: 0% $300 - $799: 15.09% $100,000 - $150,000: 0% $800 - $1,999: 38.84% $150,000 - $200,000: 1.63% Over $2,000: 46.08% $200,000 - $300,000: 19.78% Median Home Value: $362,100 $300,000 - $500,000: 60.96% Unit Occupied Owner: 53.17% Above $500,000: 17.64% Median Mortgage: $1,346 Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024 © 2024 CoreLogic. All rights reserved
Rent
Year Built Unit Occupied Renter: 46.83% 1999 - 2000 Median Gross Rent: $1,538 1995 - 1998 Less Than $499 0% 1990 - 1994 $500 - $749 0% 1980 - 1989 1.75% $750 - $999 4.17% 1970 - 1979 3.61% $1000 and Over 95.83% 1900 - 1969 0% Education Enrollment Public Pre-Primary School: 1.01% Not Enrolled in School: 65.69% Private Pre-Primary School: 0.2% Not A High School Graduate: 2.83% Public School: 20.27% Graduate Of High School: 13.06% Private School: 14.04% Attended Some College: 20.84% Public College: 6.65% College Graduate: 41.88% Private College: 13.41% Graduate Degree: 21.39% Workforce Occupation: Manager/Prof: 54.39% Private Worker: 61.81% Technical: Government Worker: 20.3% Sales: 21.79% Self Employed Worker: 2.6% Administrative: Unpaid Family Worker: 4.97% Private House Hold: Farming: 5.26% Service: 13.26% Skilled: Protective Services: Blue-Collar: 10.56% Commute Time Less Than 15 Min: 16.26% 15 min - 28 min: 34.03% 30 min - 57 min: 43.03% Over 60 min: 6.68% Customer Name : Jeremiah Stiffler Customer Company Name : First American Prepared On : 06/10/2024 © 2024 CoreLogic. All rights reserved
Payments
Customer
Customer
© 2024 CoreLogic. All rights reserved
Name : Jeremiah Stiffler
Company Name : First American Prepared On : 06/10/2024
Customer
Jeremiah
Customer
First
Prepared On
06/10/2024 © 2024 CoreLogic. All rights reserved
Name :
Stiffler
Company Name :
American
:
Customer
Jeremiah
Customer
First
Prepared On : 06/10/2024 © 2024 CoreLogic. All rights reserved
Name :
Stiffler
Company Name :
American
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
SEARCH PARAMETERS
PARCEL: 200-28-792
PARCEL: 200-28-792 6
OWNER: TENNYSON TRUST 2014 305884 05/12/2014
SITUS: 6232 W ORAIBI DR GLENDALE
MAIL: 22360 N 59TH LN GLENDALE, AZ 85310
PLAT: 444 - 40 LOT 67
LEGAL: HIGHLAND POINT MCR 444-40
CURRENT TAXES
END SEARCH
+ FIRST AMERICAN TITLE, FC0, JSTI MARICOPA, AZ 06/10/2024 12:25PM R9C8 INVESTIGATIVE SEARCH RESULTS PAGE 1 OF 1
INSTRUMENT REC DATE
LAND IMPR EXEMPT RATE AREA SPECIAL DISTRICTS PRIMARY 22,031 0 0 6.0371 970706 14751 30002 SECONDARY 6,900 27,610 0 4.4107 2023 TOTAL TAX BILLED 2,302.10 2023 TAX AMT TAX DUE INTEREST DATE PAID TOTAL DUE FIRST HALF 1,151.05 0.00 0.00 10/27/2023 0.00 SECOND HALF 1,151.05 0.00 0.00 04/30/2024 0.00 TOTAL CURRENT TAXES DUE 06/24 0.00 07/24 0.00 RESIDENTIAL IMPROVEMENTS BLDG SQFT 1,614 COOLING REFRIGERATION YEAR BUILT 1997 EXTERIOR WALLS FRAME WOOD NUMBER OF STORIES 1.0 ROOF OTHER NUMBER OF ROOMS CONSTRUCTION CLASS R4 NUMBER OF BATH FIXTURES 8 PHYSICAL CONDITION OTHER PATIO (TYPE AND NUMBER) COVERED 1 LAND USE 01 41 GARAGE (TYPE AND NUMBER) GARAGE 2 LOT SIZE 7,345 SQ FT POOL SQ FT SCHOOL DISTRICT 970706 HEATING LAND FULL CASH VALUE 69,000 IMPR FULL CASH VALUE 276,100 SALES SALE DATE SALE AMOUNT INSTRUMENT TYPE SELLER NAME VALIDITY 09/20/2004 192,000 2004 1096774 WD CAL-PHOENIX PARTNERSHIP 03/31/1998 116,367 1998 256009 SD FIRST AMERICAN TITLE T8286
INFORMATION THROUGH 05/31/2024
ADDITIONAL PROPERTY INFORMATION STANDARD LAND USE: SFR
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Covenants, Conditions & Restrictions
Thank you for the opportunity to be of service.
Restrictions indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin are hereby deleted to the extent such restrictions violate 42 USC 3604(c).
This information is furnished without fee and without benefit of a complete title search. No liability is assumed by First American Title. If it is desired that liability be assumed, you may apply for a policy of title insurance with First American Title Insurance Company.
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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.
Count On Us For Service
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.
Count On Us For Stability
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.
Count On Us For Convenience
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.
Count On Us To Meet Your Needs
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
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
First impressions have a major impact on potential buyers. Try to imagine what potential buyers will see when they approach your house for the first time and walk through each room. Ask your REALTOR ® for advice; they know the marketplace and what helps a home sell. Here are some tips to present your home in a positive manner:
Mow and edge the lawn regularly, and trim the shrubs.
Make your entry inviting: Paint your front door and buy a new front door mat.
Paint or replace the mailbox, if needed.
If screens or windows are damaged, replace or repair them.
Repair or replace worn shutters and other exterior trim.
Make sure the front steps are clear and hazard-free. Make sure the doorbell works properly and has a pleasant sound.
Ensure that all exterior lights are working.
Check stucco walls for cracks and discoloration.
Remove any oil and rust stains from the driveway and garage.
Clean and organize the garage, and ensure the door is in good working order.
Shampoo carpeting or replace if worn. Clean tile floors, particularly the caulking.
Brighten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens.
Repair leaky faucets and caulking in bathtubs and showers.
Repair or replace loose knobs on doors and cabinets. If doors stick or squeak, fix them.
Make sure toilet seats look new and are firmly attached.
Repair or replace loud ventilating fans.
Replace worn shower curtains.
Rearrange furniture to make rooms appear larger. If possible, remove and/or store excess furniture, and avoid extension cords in plain view.
Remove clutter throughout the house. Organize and clean out closets.
Clean household appliances and make sure they work properly.
Air conditioners/heaters, evaporative coolers, hot water heater should be clean, working and inspected if necessary. Replace filters.
Check the pool and/or spa equipment and pumps. Make sure all are working properly and that the pool and/or spa are kept clean.
Inspect fences, gates and latches. Repair or replace as needed.
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
a)
b)
AZ Sellers Guide | 15 Compare First American’s Eagle Policy® for Owners EAGLE ALTA Standard or CLTA Protection from: 1 Someone else owns an interest in your title 2 A document is not properly signed 3 Forgery, fraud, duress in the chain of title 4 Defective recording of any document 5 There are restrictive covenants 6 There is a lien on your title because there is:
a deed of trust
a judgement, tax, or special assessment
a charge by a homeowner’s association 7 Title is unmarketable 8 Mechanics lien 9 Forced removal of a structure because it: a) extends on another property and/or easement b) violates a restriction in Schedule B c) violates an existing zoning law* 10 Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance 11 Unrecorded lien by a homeowners association 12 Unrecorded easements 13 Building permit violations* 14 Restrictive covenant violations 15 Post-policy forgery 16 Post-policy encroachment 17 Post-policy damage from extraction of minerals or water 18 Lack of vehicular and pedestrian access 19 Map not consistent with legal description 20 Post-policy adverse possession Compare First American’s Eagle Policy® for Owners EAGLE ALTA Standard or CLTA 21 Post-policy prescriptive easement 22 Covenant violation resulting in your title reverting to a previous owner 23 Violation of building setback regulations 24 Discriminatory covenants Other benefits: 25 Pays rent for substitute land or facilities 26 Rights under unrecorded leases 27 Plain language statements of policy coverage and restrictions 28 Compliance with Subdivision Map Act 29 Coverage for boundary wall or fence encroachment* 30 Added ownership coverage leads to enhanced marketability 31 Insurance coverage for a lifetime 32 Post-policy inflation coverage with automatic increase in value up to 150% over five years 33 Post-policy Living Trust coverage * Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy. As with any insurance contract, the insuring provisions express the coverage afforded by the title insurance policy and there are exceptions, exclusions and conditions to coverage that limit or narrow the coverage afforded by the policy. Also, some coverage may not be available in a particular area or transaction due to legal, regulatory, or underwriting considerations. Please contact a First American representative for further information. The services described above are typical basic services. The services provided to you may be different due to the specifics of your transaction or the location of the real property involved.
c)
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
1 SUN CITY WES T
623.299.3644
13940 W. Meeker Blvd, #119
Sun City West, AZ 85375
N of Meeker Blvd W of R.H. Johnson
2 THE LEGENDS
623.537.1608
20241 N. 67th Ave, #A-2 Glendale, AZ 85308
E side 67th Ave/N of 101
3 ANTHEM
623.551.3265
39508 N. Daisy Mountain Dr, #128 Anthem, AZ 85086 NE corner Daisy Mtn Dr/Gavilan Peak Pkwy
4 TATUM RIDGE
480.515 4369
11211 N Tatum Blvd, #A150 Phoenix, AZ 85028
N of Shea, E side of Tatum
5 CAREFREE
480.575.6609
7202 E. Carefree Dr, Bldg 1, #1 Carefree, AZ 85377
NE corner of Tom Darlington/Carefree Dr.
6 SCOTTSDALE FORUM
480.551.0480
6263 N. Scottsdale Rd, #110 Scottsdale, AZ 85250 E Side Scottsdale/S of Lincoln
7 DC CROSSING
480.563.9034
18291 N. Pima Rd, #145 Scottsdale, AZ 85255
SE corner of Pima/Legacy
8 CHANDLER PORTICO
480.777.0051
2121 W. Chandler Blvd., #215 Chandler, AZ 85224
SW Corner Chandler Blvd./Dobson Rd.
9 GILBERT SAN TAN
480.777.0614
1528 E. Williams Field Rd. #101 Gilbert, AZ 85295
NW corner of Williams Field Rd./Val Vista Rd.
10 MESA
480.401.3738
1630 S. Stapley Dr, #123 Mesa, AZ 85204 N of Baseline / W of Stapley
11 RED MOUNTAIN
480.534.3599
1135 N. Recker Rd, #103 Mesa, AZ 85205
SE corner of Recker & Brown
12 GOLD CANYON
480.288.0883
6877 South Kings Ranch Rd, #5 Gold Canyon, AZ 85118
E of 60/South Side Kings Ranch Rd.
Central Arizona
1 4 3 2 6 12 10 5 8 7 11 9 CRISMON SIGNAL BUTTE GOLDFIELD OLDWESTHWY SKINGSRANCH
First American Title Branch Locator
AZ 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