CITY, STATE, ZIP: Lake Oswego, OR 97035 AREA DESCRIPTION: 21-Suburb: Large
PHONE: (503)534-2343
DISTANCE: 0 88 mile(s)
GRADES: 6th Grade - 8th Grade TITLE ONE: 2-No
NAME: Athey Creek Middle School
CHARTER SCHOOL: No
ADDRESS: 2900 Sw Borland Rd MAGNET SCHOOL: CITY, STATE, ZIP: Tualatin, OR 97062
PHONE: (503)673-7400
GRADES: 6th Grade - 8th Grade
HIGH SCHOOLS
DESCRIPTION: 21-Suburb: Large
1.53 mile(s)
ONE: 2-No
NAME: Lakeridge High School CHARTER SCHOOL: No
ADDRESS: 1235 Sw Overlook Dr
SCHOOL: CITY, STATE, ZIP: Lake Oswego, OR 97034
PHONE: (503)534-2319
DESCRIPTION: 21-Suburb: Large
0.76 mile(s)
GRADES: 9th Grade - 12th Grade TITLE ONE: 2-No
NAME: Lake Oswego Senior High School
CHARTER SCHOOL: No
ADDRESS: 2501 Sw Country Club Rd MAGNET SCHOOL: CITY, STATE, ZIP: Lake Oswego, OR 97034
PHONE: (503)534-2313
GRADES: 9th Grade - 12th Grade
AREA DESCRIPTION: 21-Suburb: Large
DISTANCE: 1 88 mile(s)
ONE: 2-No
Students We Serve
OREGON AT-A-GLANCE DISTRICT PROFILE
Lake Oswego SD 7J
SUPERINTENDENT: Jennifer Schiele | 2455 SW Country Club Rd, Lake Oswego 97034 | 503-534-2000
Academic Success
Grade 3
Students
Grade 8
ENGLISH LANGUAGE ARTS
Students
High School Success
ON-TIME GRADUATION
Students
Students
2022-23
District Goals
The District’s strategic initiatives include: (1) cultivating a diverse learning community where each and every individual feels supported, connected, and valued; (2) providing every student with the tools, support, and experiences they need to achieve academic success; (3) addressing the needs of the whole child in a culture that models and values health and wellbeing; and (4) preserving and sustaining our shared resources while accelerating our students' ability to combat climate change.
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% on-time, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a wellrounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE DISTRICT PROFILE
Lake Oswego SD 7J
Outcomes
ON-TRACK TO GRADUATE
Grade 3 ENGLISH LANGUAGE ARTS
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Westridge Elementary School
PRINCIPAL: Laura Weaver | GRADES: K-5 | 3400 Royce Way, Lake Oswego 97034 | 503-534-2371
REGULAR ATTENDERS
Students
School Goals
Our school focuses on continued growth in diversity, equity, and inclusive practices. We strive to create a culture of belonging for each student and family and work to promote health and resilience by supporting the whole child. MultiTiered Systems of Support (MTSS) include standardsbased instruction, assessment, and interventions to allow all students to achieve equitable academic outcomes. Additionally, we encourage and promote environmental awareness and sustainability.
MATHEMATICS
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% ontime, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a well-rounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Safe & Welcoming Environment
Our school strives to ensure all students and their parents feel welcome. The district has policies prohibiting discrimination, harassment, intimidation, and bullying as well as procedures to address incidents with fairness and compassion as soon as they occur. Our school’s equity team works with district administrators in the ongoing, school-wide work of awareness, respect, and inclusion. The district provides access to translation and interpreters for our families who request these services.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Westridge Elementary School
REGULAR ATTENDERS
LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
District policies regarding bullying, harassment and safety (policies AC, GBNA/JFCF, JFCE, JHF) are available online at http://policy.osba.org/loswego/
EXTRACURRICULAR ACTIVITIES
· Community School Enrichment and Youth Sports programs
· Parent-club sponsored and facilitated after-school clubs
· Field trips, Art Literacy, and assemblies
· Pre-Kindergarten and Extended Care
· Orchestra (grades 4–5)
PARENT ENGAGEMENT
Our school gives parents multiple opportunities to learn about curriculum and programs and provide feedback. We have a PTO organization, an equity team, and a site improvement committee, all of which provide opportunities for parents to be involved. Our school sends weekly newsletters to parents and our website is updated regularly. The district provides two weekly newsletters to inform parents and the community about district initiatives, student and faculty awards, and logistical information. The district and school websites can be accessed by families that speak languages other than English. Parents are encouraged to attend the Back to School meeting, PTO events, and parent education meetings designed for them.
COMMUNITY ENGAGEMENT
Our school works diligently to engage community members through our cultural events, PTO special events, equity team, and site improvement committee. Parents and community members support our school by volunteering in the classroom, volunteering for committees, and providing guidance and support in our equity, diversity, and inclusion work. We encourage our local businesses to be involved in school fundraising and career events.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Lakeridge Middle School
PRINCIPAL: Kurt Schultz | GRADES: 6-8 | 4700 SW Jean Rd, Lake Oswego 97035 | 503-534-2343
REGULAR ATTENDERS
Students
MATHEMATICS
School Goals
Our mission is to be a nurturing and safe learning community that embraces the uniqueness of middle school and supports everyone as thoughtful, contributing learners and citizens. Our goals are to: (1) nurture and sustain a positive culture of trust, collaboration, and celebration where everyone feels safe and is valued; and (2) ensure that each and every student learns the essential academic standards for their grade level and participates in meaningful opportunities for enrichment and support.
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% ontime, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a well-rounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Safe & Welcoming Environment
Our school strives to ensure all students and their parents feel welcome. The district has policies prohibiting discrimination, harassment, intimidation, and bullying as well as procedures to address incidents with fairness and compassion as soon as they occur. Our school’s equity team works with district administrators in the ongoing, school-wide work of awareness, respect, and inclusion. The district provides access to translation and interpreters for our families who request these services.
Our Staff (rounded FTE)
OREGON AT-A-GLANCE SCHOOL PROFILE
Lakeridge Middle School
Outcomes
REGULAR ATTENDERS
ENGLISH LANGUAGE ARTS
About Our School
BULLYING, HARASSMENT, AND SAFETY POLICIES
District policies regarding bullying, harassment and safety (policies AC, GBNA/JFCF, JFCE, JHF) are available online at http://policy.osba.org/loswego/
EXTRACURRICULAR ACTIVITIES
· Athletics: Volleyball, Cross Country, Basketball, Wrestling and Track
· Clubs including Chess, Robotics, Pentagames, Drama and Art
· Beginning, Intermediate and Advanced Bands
· Beginning and Advanced Orchestra and Drama Productions
PARENT ENGAGEMENT
Our school gives parents multiple opportunities to learn about curriculum and programs and provide feedback. We have a PTO organization, an equity team, and a site improvement committee, all of which provide opportunities for parents to be involved. Our school sends weekly newsletters to parents and our website is updated regularly. The district provides two weekly newsletters to inform parents and the community about district initiatives, student and faculty awards, and logistical information. The district and school websites can be accessed by families that speak languages other than English. Parents are encouraged to attend the Back to School meeting, PTO events, and parent education meetings designed for them.
COMMUNITY ENGAGEMENT
Our school works diligently to engage community members through our cultural events, PTO special events, equity team, and site improvement committee. Parents and community members support our school by volunteering in the classroom, volunteering for committees, and providing guidance and support in our equity, diversity, and inclusion work. We encourage our local businesses to be involved in school fundraising and career events.
Students We Serve
OREGON AT-A-GLANCE SCHOOL PROFILE
Lake Oswego Senior High School
PRINCIPAL: Kristen Colyer | GRADES: 9-12 | 2501 SW Country Club Rd, Lake Oswego 97034 | 503-534-2313
REGULAR ATTENDERS
Students
2022-23
includes
were first-time ninth graders in 2018-19 graduating in 2021-22
FIVE-YEAR COMPLETION
Students earning a high school diploma or GED within five years. Cohort Includes students who were firsttime ninth graders in 2017-18 finishing in 2021-22
COLLEGE GOING
Students enrolling in a two or four year college within 16 months of completing high school in 202021. Data from the National Student Clearinghouse.
School Goals
Lake Oswego High School strives to have 100% of its students graduate; 100% of its students feel safe, supported, challenged, and connected to a trusted adult; and 90% of its students take at least one AP, college, or dual-credit class before graduating.
State Goals
The Oregon Department of Education is partnering with school districts and local communities to ensure a 90% ontime, four year graduation rate by 2027. To progress toward this goal, the state will prioritize efforts to improve attendance, provide a well-rounded education, invest in implementing culturally responsive practices, and promote continuous improvement to close opportunity and achievement gaps for historically and currently underserved students.
Safe & Welcoming Environment
Our school strives to ensure all students and their parents feel welcome. The district has policies prohibiting discrimination, harassment, intimidation, and bullying as well as procedures to address incidents with fairness and compassion as soon as they occur. Our school’s equity team works with district administrators in the ongoing, school-wide work of awareness, respect, and inclusion. The district provides access to translation and interpreters for our families who request these services.
Our Staff (rounded
OREGON AT-A-GLANCE SCHOOL PROFILE
Lake Oswego Senior High School
Outcomes
REGULAR ATTENDERS
TO
About Our School
ADVANCED COURSEWORK
Numerous AP courses, Engineering Concepts, Engineering and Design, Junior & Senior English, French 3 & 4, Oceanography, Spanish 3
CAREER & TECHNICAL EDUCATION
CTE Programs of Study in Computer Science, Engineering Technology, Marketing, and Restaurant/Food Services
EXTRACURRICULAR ACTIVITIES
· Numerous athletic opportunities
· Leadership options in many academic, service and co-curricular clubs
· Arts opportunities in band, choir, orchestra, drama and visual arts
PARENT & COMMUNITY ENGAGEMENT
Our school works diligently to engage community members through our cultural events, booster club events, equity team, and site improvement committee. Parents and community members support our school by volunteering for committees and providing guidance and support in our equity, diversity, and inclusion work. We encourage our local businesses to be involved in career exploration programs and mock interview events. The Lake Oswego Rotary, Kruse Way Rotary, and LO Chamber of Commerce are integral partners in the success of our school, along with other organizations.
36,619 $71,597 45.8 47.52% 52.48%
Lake Oswego
Portland Public
Riverdale
HOUSING
68.97% of homes owner occupied
31.03% of homes rented
POPULATION DENSITY
3,428.7 inhabitants per sq. mile
16,995 housing units at an average density of 1,591.3 per sq. mile
HISTORY
AGE DEMOGRAPHIC
22.1% under age 18
5.7% between ages 18 to 24
21.0% between ages 25 to 44
35.1% between ages 45 to 64
16.2% above age 65
CITY
QUICK FACTS
11.35 square miles
8 miles south of Portland
249 feet elevation
Highest Average Temperature 80º
Lowest Average Temperature 46º
METRO AREA BASE MAP
L O C A L B U S I N E S S E S
Repair
AR Auto Service
Vic's Auto Center
Stuttgart Autotech
16088-A Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 697-3311 0 52 miles
15880 Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 636-7896 0.54
17263 SW, Pilkington Rd, Lake Oswego, OR 97035, USA (503) 635-3098
Todd's Automotive 17607 Pilkington Rd, Lake Oswego, OR 97035, USA (503) 635-1339
Car Wash
UNITED CAR WASH 2
Kaady Car Washes
Address Telephone
16110 Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 781-1406
17701 Lower Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 635-6506 0
Kaady Car Washes 6950 SW Nyberg St, Tualatin, OR 97062, USA (503) 691-2676 1 40 miles
Kaady Car Washes 714 N State St, Lake Oswego, OR 97034, USA (503) 636-9282 1 73 miles
Gas Station
Address Telephone Distance
15905 Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 636-9249 0 55 miles
16211 Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 636-8037 0 57 miles
1680 South Shore Blvd, Lake Oswego, OR 97034, USA (503) 636-7935 0.96 miles
1631 South Shore Blvd, Lake Oswego, OR 97034, USA (503) 636-8441 1 00 miles
L O C A L B U S I N E S S
L O C A L B U S I
L O C A L B U S I N E S S E S
L O C A L B U S I N E S S E S
Roamers Rest RV Park 17585 SW Pacific Hwy, Tualatin, OR 97062, USA (503) 692-6350 2 83 miles
Champoeg Group Camp Sites (Beaver, Otter, Heron) Champoeg State Park, St Paul, OR 97137, USA (503) 678-1251
Oxbow Park Campground Entrance
Promontory Park Campground 40600 OR-224, Estacada, OR 97023, USA (503)
Lake Oswego Public Library 706 4th St, Lake Oswego, OR 97034, USA (503) 636-7628
Tigard Public Library 13500 SW Hall Blvd, Tigard, OR 97223, USA (503) 684-6537 1
Cooks Butte City Park 2266 Palisades Crest Dr, Lake Oswego, OR 97034, USA (503) 675-2549
Waluga Park - East 15505 Quarry Rd, Lake Oswego, OR 97035, USA (503)
Elizabeth M Gress Park 51 Tanglewood Dr, Lake Oswego, OR 97035, USA
L O C A L B U S I N E S S E S
Orangetheory Fitness 4025 Mercantile Dr #120, Lake Oswego, OR 97035, USA (971) 808-4700
Strength 17425 Pilkington Rd, Lake Oswego, OR 97035, USA (503) 765-5167
Kruse Woods
Provence Boulangerie & Patisserie
St Honoré Bakery Lake Oswego 315 1st St #103, Lake Oswego, OR 97034, USA (503) 496-5596
Speakeasy Bar & Grill
15680 SW Upper Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 684-0380
L
Marzocca Italian Espresso Bar
Roasteria
Provence Boulangerie & Patisserie
Store
L
Jared 7162 SW Hazel Fern Rd, Tigard, OR 97224, USA (503) 598-7431
- Bridgeport
Grove Liquor 16364 Boones Ferry Rd, Lake Oswego, OR 97035, USA (503) 636-0310
Lake Oswego Liquor Store 644 N State St, Lake Oswego, OR 97034, USA (503) 636-1112
Linn Liquor Store 19373 Willamette Dr, West Linn, OR 97068, USA (503) 697-3504
Mud Bay Lake Oswego Palisades 1385 McVey Ave, Lake Oswego, OR 97034, USA (971) 396-5550
Just Food For Dogs Inside Petco, 333 S State St, Lake Oswego, OR 97034, USA (503) 635-5324
8775 SW Tualatin-Sherwood Rd, Tualatin, OR 97062, USA (503) 885-9224
Creature Comforts Pet Center 15106 SE McLoughlin Blvd, Milwaukie, OR 97267, USA (503) 653-1779 2.45
L
LAKE OSWEGO UTILITIES
Emergency Police/Medical/Fire
911
Poison Control (800) 222-1222 www.aapcc.org
United States Postal Service (800) 275-8777 www.usps.com
Xfinity (800) 266-2278 www.xfinity.com
Ziply Fiber (866) 699-4759 www.ziplyfiber.com
Verizon (800) 483-4100 www.verizon.com
AT&T (800) 288-2020 www.att.com
CenturyLink (866) 963-6665 www.centurylink.com
Dish Network (800) 318-0572 www.dish.com
DIRECT TV (800) 531-5000 www.directtv.com
The Oregonian (503) 221-8240 www.oregonlive.com
TRI-MET (503) 238-7433 www.trimet.org
Northwest Natural Gas (800) 422-4012 www.nwnatural.com
Portland General Electric (503) 228-6322 www.portlandgeneral.com
City of Lake Oswego Sewer (503) 635-0265 www.ci.oswego.or.us
City of Lake Oswego Water (503) 635-0265 www.ci.oswego.or.us
Lake Oswego School District (503) 534-2000 www.losdschools.org
CHANGE OF ADDRESS
USPS
Below is the website if you would like to change your address online or you can visit your local post office, they will provide you with the change of address packet. https://moversguide.usps.com
Benefits you will receive when you change your address online are:
Exclusive mover savings coupons
Safe and secure with identity verification by a simple $100 charge to your credit or debit card
Email confirmation at the end of registration of your change of address
* Must have valid email address and credit card to register online
AUTO REGISTRATION AND DRIVER LICENSING
Below is the website if you would like to change your address online or you can visit your local DMV office.
Oregon Department of Transportation DMV Services 1905 Lana Avenue NE Salem, OR 97314-0100
wwworegondmvcom/oregon/indexhtm
General DMV Information Contact: 503-299-9999
VOTERS REGISTRTION
TO REGISTER TO VOTE, YOU MUST BE:
A citizen of the USA
A resident of Oregon
A Legal Resident of Oregon State at least 18 years of age on or before the next election
HOW TO REGISTER
To register to vote online you will need an Oregon driver's license, permit or ID card number issued by the Oregon Driver and Motor Vehicle Services Division (DMV)
If you do not have an Oregon driver's license, permit or ID card, you can still use the online voter registration application. The information you enter will display on a voter registration card (PDF document) that you will need to print, sign and deliver to your county elections office to complete your registration.
REGISTRATION DEADLINE
A new registrant must submit their online registration by 11:59:59 p.m. Pacific Time on the 21st calendar day before an election to be eligible to vote in that election.
CHANGE OF ADDRESS
If you move to a new county, you must complete a new voter registration, otherwise you must request a transfer of your registration
Clackamas County Voter Registration: 503-655-8510
Multnomah County Voter Registration: 503-988-3720
Washington County Voter Registration: 503-846-5800
Metro South (503) 234-3000 wwworegonmetrogov 2001 Washington St Oregon City, OR
Clackamas County (503) 668-8885 wwwwmnorthwestcom 19600 SE Canyon Valley Rd. Sandy, OR
VOTER REGISTRATION
Clackamas (503) 655-8510
Multnomah (503) 248-3720
Washington (503) 846-5800
WATER BUREAU
Beaverton (503) 526-2257
Clackamas (503) 722-9220
Gladstone (503) 656-5223
Gresham (503) 618-2373
Hillsboro (503) 681-6228
Lake Oswego (503) 635-0265
Milwaukie (503) 786-7525
Oregon City (503) 657-8151
Portland (503) 823-7770
Tigard (503) 639-1554
Tualatin (503) 692-2000
West Linn (503) 656-4261
Wilsonville (503) 682-1011
CYBER SECURITY
g p , g being sent to an outside account and never credited to the intended party
To protect and reduce your risk, WFG has implemented the following procedures for outgoing and incoming wires:
Outgoing Wire from WFG to seller or borrower for proceeds
In the escrow paperwork provided you will be asked to provide written instructions on how you want funds due you sent to you at the close of escrow If you choose to have the funds sent via wire transfer, WFG will contact you by phone to confirm the wire information provided.
Incoming Wires from the buyer and/or lender to WFG bank account
For funds that are to be wired to WFG for your transaction, we will send specific wire instructions to the remitting person via an encrypted email. We recommend you reach out to your WFG contact to confirm the wire instructions prior to remittance.
We look forward to processing your escrow transaction for you. We know that this can be a stressful time and we are here to assist you in any way we can to make this a good experience
claims, or restrictions on the buyers property, other than the mortgage the buyer agrees to pay.
If the preliminary title search uncovers potential problems, a buyer can require that those problems be satisfactorily dealt with before closing on the home.
In addition, owner’s title insurance protects buyers against a myriad of risks that not even the most careful title search can uncover, including things such forged documents, undisclosed or missing heirs of a previous owner, fraud, will disputes, and unrecorded claims of many types.
Without owner’s title insurance, the legal costs to resolve such title claims could easily be in the tens of thousands of dollars and would have to be paid out of pocket by the buyer - not to mention the stress that such situations would cause to the buyer
Owner’s title insurance is one of the most affordable insurance policies a person can ever buy Unlike other forms of insurance, there is only a one-time fee at closing for the policy, which financially protects the buyer’s investment for as long as the buyer or the buyer’s heirs own the home.
So, if someone tells the buyer that owner’s title insurance is “optional”, that certainly does not mean that the buyer should not get it. Virtually every lender requires lender’s title insurance, but that insurance does not protect the buyer.
In order to safeguard the buyer’s investment in the property, which is possibly the most important investment the buyer will ever make, owner’s title insurance is absolutely critical.
WHAT IS ESCROW?
Both the buyer and seller rely on the escrow agent to carry out their written instructions relating to the transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out. If the instructions from all parties to an escrow are clearly drafted, the escrow officer can proceed on behalf of the buyer and seller without further consultation. This saves much time and facilitates the closing of the transaction.
TYPICAL ROLES IN THE CLOSING PROCESS
The Seller/Agent
Delivers a fully executed Purchase Sale Agreement to the escrow agent.
Executes the paperwork necessary to close the transaction
The Buyer/Agent
Deposits collected funds required to close (in with the escrow agent
Approves the commitment for title insurance, or other items as called for by the Purchase Sale Agreement
Executes the paperwork and loan documents necessary to close the transaction
The Lender
Deposits loan documents to be executed by the buyer
Deposits the loan proceeds
Directs the escrow agent of the conditions under which the loan funds may be used
The Escrow Agent
Clears Title
Obtains title insurance
Obtains payoffs and release documents for underlying loans on the property
Receives funds from the buyer and/or lender. Prepares vesting document affidavit on seller’s behalf
Prorates insurance, taxes, rents, etc
Prepares a final statement (often referred to as the “HUD Statement” or ”Settlement Statement”) for each party, indicating amounts paid in conjunction with the closing of your transaction
Forwards deed to the county for recording
Once the proper documents have been recorded, the escrow agent will distribute funds to the proper parties
In Summary
Escrow is the process that assembles and processes many of the components of a real estate transaction. The sale is officially closed when the new deed is recorded and funds are available to the seller, thus transferring ownership from the seller to the buyer
The escrow agent is a neutral third party acting on behalf of the buyer and seller.
WHAT IS TITLE?
About Title Insurance
Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy Usually, during a purchase transaction, the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner's Policy)
In short, the policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured (either the owner or lender) suffers a loss as a result of a title defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy, subject to exceptions and exclusions contained in the policy
Typically there are two policies issued. The Mortgagee’s Policy insures the lender for the amount of the loan. The Owner’s Policy insures the purchaser of the purchase price.
How is title insurance different from other types of insurance?
While the function of most other forms of insurance is risk assumption through the pooling of risks for losses arising out of unforeseen future events (such as sickness or accidents), the primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past To achieve this goal, title insurers perform an extensive search and examination of the public records to determine whether there are any adverse claims (title defects) attached to the subject property Said defects/claims are either eliminated prior to the issuance of a title policy
or their existence is excepted from coverage. Your policy is issued after the closing of your new home, for a one-time nominal fee, and is good for as long as you own the property
What’s involved in a title search? A title search is actually made up of three separate searches:
Chain of Title – History of the ownership of the subject property
Tax Search – The tax search reveals the status of the taxes and assessments
Judgment and Name Search – Searches for judgment and liens against the owners’ and purchasers’ names
Once the three searches have been completed, the file is reviewed by an examiner who determines:
Whether or not the Chain of Title shows that the party selling the property has the right to do so The status of taxes for the subject property The Tax Search will also indicate the existence of any special assessments against the land and whether or not these assessments are current or past due
Whether there are any unsatisfied judgments on the Judgment and Name Search against the previous owners, sellers, or and purchasers.
Rights established by judgment decrees, unpaid federal income taxes and mechanic liens all may be prior claims on the property, ahead of the buyer’s or lender’s rights The title search will only uncover defects in title that are of public record, thus allowing the title company to work with the seller to clear up these issues and provide the new buyer with title insurance
In Summary
After the searches have been examined, the title company will issue a commitment, stating the conditions under which it will insure title The buyer, seller and the mortgage lender will proceed with the closing of the transaction after clearing up any defects in the title that have been uncovered by the search and examination
WHO PAYS WHAT IN OREGON
SELLER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Title Premium - based on fixed statewide fee schedule
Real Estate Commission - based on agreement with Broker
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by principals
Release fees for loan payoff(s)
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with purchaser
Collection Escrow Setup Fee - optional, and is often shared with purchaser
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Any delinquent payments to bring contract or loan current
Prorate share of current month’s interest based on current rate
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Any closing cost (not expenses of property or loan interest) negotiated on behalf of the purchaser, subject to lender’s approval
FHA, VA Loans - check with lender for any applicable seller costs
BUYER PAYS
TYPICAL COSTS
The following costs generally affect all transactions:
Escrow Fee - one-half of the fee, based on title company’s fee schedule
Recording Fees - based on county fee schedule
Fire Insurance Premium - mandatory when any lender is involved, including the seller’s lender
Tax Prorate - to apportion taxes between parties as of date of closing
General Costs - as listed for each specific transaction, as requested by the principals
LAND SALE CONTRACT TRANSACTION
Attorney Fee - optional, and is sometimes shared with seller
Collection Escrow Setup Fee - optional, and is sometimes shared with seller
Recording Fee - for contract or memorandum thereof
ASSIGNMENT OF CONTRACT FOR ASSUMPTION OF LOAN TRANSACTION
Assumption or Assignment
Next monthly payment due, if required by lender
Recording Fee - for Assumption/Assignment of Agreement, if required by lender
CONVENTIONAL, FHA, VA LOAN TRANSACTIONS
Lenders title insurance policy & endorsements, as required by lender
Loan Fee - as required by lender
Credit Report Fee - as required by lender
Appraisal Fee - as required by lender
Mortgage Insurance Premium - based on fee schedule and endorsements of lender
Prepaid Interest - if required by lender
VA Loans only - funding fee, if required by lender
FHA, VA, and some Conventional Loans - reserves for real property taxes, fire insurance and mortgage insurance
DOWNTOWN VANCOUVER 2001 SE Columbia River Dr Ste. 100 Vancouver, WA 98661 360-314-0300
SALMON CREEK
2105 NE 129th St. Ste. 107 Vancouver, WA 98686 360-314-1818
VANCOUVER MALL
4400 NE 77th Ave Ste. 250 Vancouver, WA 98662 360-891-5454
EAST VANCOUVER 2004 SE 192nd Ave. Ste. 100 Vancouver, WA 98683 360-356-9990 1 2 3 5 6 7 8 9 4 10
700 NE Multnomah St. Ste. 190 Portland, OR 97232 503-230-8488
This week the median list price for Lake Oswego, OR 97034 is $1,782,450 with the market action index hovering around 33 This is less than last month's market action index of 34. Inventory has decreased to 66.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory
Real-Time Market Profile
Median List Price
Median Price of New Listings
Square Foot
Days on Market
on
Action
Slight Seller's Advantage
Slight Seller's Advantage
Market Narrative
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result
Market Segments
Each segment below represents approximately 25% of the market ordered by price
Median List Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
$3.5M
$3.0M
$2.5M
$2.0M
$1.5M
$1.0M
7-Day Average
Segments
In the quartile market segments, we see prices for this zip code without strong directional indication lately. Quartiles 2 and 4 are mixed, while Quartiles 1 and 3 are up. Look to persistent downward shift in the Market Action Index as a leading indicator for a plateau in the market as a whole.
$6.0M
$2.0M $3.0M
$1.0M
Price Per Square Foot
The market appears to be placing an increasing premium on homes. When list prices and price per square foot consistently increase in tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for persistent changes as a leading indicator for these trends to flatten or drop.
Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply
Market Action Index
The market has achieved a relative stasis point in terms of supply and demandconditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Market Action Segments
Three of the four quartiles of this zip code are in the Seller’s Market zone with relatively low amounts of inventory given the current levels of demand. It’s not uncommon that the premium segment of the market takes longer to sell than the rest of the group.
Median Days on Market (DOM)
The properties have been on the market for an average of 130 days. Half of the listings have come newly on the market in the past 93 or so days. Watch the 90day DOM trend for signals of a changing market.
Segments
It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.
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