Issuu

55567 N Lago Road

Seligman, AZ 86337

WIRE FRAUD ADVISORY Criminals are targeting social media and email to steal information. This is particularly common in real estate transactions because sensitive data, including social security numbers, bank account numbers, and wire instructions are often sent by electronic means. We do not want you to be the next victim of wire fraud. Money wired to a fraudulent account is stolen money that typically cannot be recovered. Additionally, there is generally no insurance for this loss. You may never get the money back.

PROTECT YOURSELF

DO NOT TRUST EMAILS CONTAINING WIRE INSTRUCTIONS • If you receive an email containing wire transfer instructions, immediately call your escrow officer to ensure the validity of the instructions. DO NOT TRUST EMAILS SEEKING PERSONAL/FINANCIAL INFORMATION • If you receive an email requesting personal/financial information or asking you to download, click on a link, send, and/or do anything that may seem unusual to you, call your escrow officer immediately prior to acting on the suspicious email to verify the validity of the email. TRUST YOUR SOURCE OF INFORMATION • Never direct, accept or allow anyone in the transaction to consent to receiving transfer instructions without a direct personal telephone call to the individual allegedly providing the instructions. • It is imperative that this call be made to a number obtained in person from the individual or through other reliable means, not from a number provided in the email or the wiring instructions.

ONLINE RESOURCES: There are many online sources that can provide useful information regarding similar topics including, but not limited to, the following sites: The Federal Bureau of Investigation @ https://www.fbi.gov/scams-and-safety The Internet Crime Complaint Center @ www.ic3.gov The National White Collar Crime Center @ http://www.nw3c.org/research On Guard Online @ www.onguardonline.gov

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Before you wire funds to any party (including your lawyer, title agent, mortgage broker, or real estate agent) personally meet them or call a verified telephone number (not the telephone number in the email) to confirm before you act! Immediately notify your banking institution and Settlement/Title Company if you are a victim of wire fraud.

The undersigned acknowledges receipt of this Wire Fraud Advisory.

Client

Date

Client

Date

LIMITATION OF LIABILITY FOR INFORMATIONAL REPORTS

IMPORTANT -- PLEASE READ CAREFULLY:

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

ADDRESS

55567 N LAGO RD SELIGMAN, AZ 86337 APN 301-43-169

Property Detail Report 55567 N Lago Rd, Seligman, AZ 86337 Yavapai County Data as of: 10/29/2021

APN: 301-43-169

Owner Information Owner Name: Vesting: Mailing Address:

Spears Thomas L / Spears Jeanette L

For Sale:

$59,995

Po Box 6101, Kingman, AZ 86402-6101

Occupancy:

Unknown

Bridge Canyon Country Estates #14 Lot 2717 301-43-169 Alternate APN: Twnshp-Rng-Sec: Bridge Canyon Country Tract #: Estates School District: Seligman Elementar... Middle School: 35.35147 Longitude:

County: Yavapai, AZ Census Tract / Block: 002100 / 2881 Legal Lot / Block: 2717 / Legal Book / Page:

Location Information Legal Description: APN: Munic / Twnshp: Subdivision: Neighborhood: Elementary School: Latitude:

23N-08W-25

Seligman Unified District (4472) Seligman Elementar... High School: -113.06763

Seligman High Scho...

Last Transfer / Conveyance - Current Owner Transfer / Rec Date: Buyer Name:

06/05/2010 / 06/14/2010 Spears, Thomas L & Jeannette L

Price: Seller Name:

Trust 274

Transfer Doc #: Deed Type:

4746.180 Deed

Deed Type: New Construction: 1st Mtg Doc #: Sale Doc #:

3786.820 3786.820

Title Company:

Cattleman's Title...

3786.820

Last Market Sale Sale / Rec Date: Multi / Split Sale: 1st Mtg Amt / Type: 2nd Mtg Amt / Type: Seller Name: Lender:

10/10/2000 / 10/17/2000

Sale Price / Type: Price / Sq. Ft.: $9,300 / Conventional 1st Mtg Rate / Type: 2nd Mtg Rate / Type: Cattlemens Title Guarantee Tte Seller

$9,700 / / Fixed

Prior Sale Information Sale / Rec Date: 1st Mtg Amt / Type: Prior Lender:

10/10/2000 / 10/17/2000 $9,300 / Conventional Seller

Sale Price / Type: 1st Mtg Rate / Type:

$9,700 / 8.0 / Fix

Prior Deed Type: Prior Sale Doc #:

Total Rooms: Bedrooms: Baths (F / H): Pool: Fireplace: Cooling: Heating: Exterior Wall: Construction Type:

Year Built / Eff: Stories: Parking Type: Garage #: Garage Area: Porch Type: Patio Type: Roof Type: Roof Material:

Lot Area: Lot Width / Depth: Usable Lot: Acres: Flood Map #: Flood Panel #:

87,120 Sq. Ft.

2.0 04025C0225G 0225G

Zoning: # of Buildings: Res / Comm Units: Water / Sewer Type: Flood Map Date: Inside SFHA:

29.69%

Market Total Value: Market Land Value: Market Imprv Value: Market Imprv %:

Property Characteristics Gross Living Area: Living Area: Total Adj. Area: Above Grade: Basement Area: Style: Foundation: Quality: Condition:

1 Sq. Ft.

Average

2001 1

Site Information Land Use: State Use: County Use: Site Influence: Flood Zone Code: Community Name:

Mobile Home 0810 - Mobile H... 0810 - Mh, Unaffixed D Yavapai County

09/03/2010 False

Tax Information Assessed Year: Tax Year: Tax Area: Property Tax: Exemption:

2021 2021 4000 $44.24

Assessed Value: Land Value: Improvement Value: Improved %: Delinquent Year:

$4,604 $3,237 $1,367 29.69%

PAGE 1 OF 1

Sales Comparables 55567 N Lago Rd, Seligman, AZ 86337 Yavapai County Data as of: 10/29/2021

APN: 301-43-169

Subject Property 55567 N Lago Rd, Seligman, AZ 86337 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:

$9,700 / 10/10/2000 / 10/17/2000 2001 / $4,604 Mobile Home Spears Thomas L / Spears Jeanette L Po Box 6101, Kingman, AZ 86402-6101 Yavapai 301-43-169 Bridge Canyon Country Estates 002100 / 2881 $9,300 / Conventional

For Sale:

$59,995

Lot Area: Living Area: Pool:

87,120 Sq. Ft. 1 Sq. Ft.

Zoning: Acres: 2.00 Cooling: Fireplace: Parking Type: Flood Zone Code: D

Bedrooms: Baths (F / H): Total Rooms:

0 0/0

Stories: 1 Roof Material: Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:

Search Criteria # Months Back: Living Area Difference:

24 15.0 + / -

Distance From Subject: Land Use:

9 mi Same As Subject

2 Comparable Properties Found COMPARABLE PROPERTY SUMMARY Subject

Low

Averag e

Hig h

$17,000

$33,450

$49,900

Living Area 1

720

780

840

Price / Sq. Ft. $77

$20

$45

$69

Bedrooms

Baths

63,162 Sq. Ft.

66,211 Sq. Ft.

69,260 Sq. Ft.

1958

1974

1991

3.43 mi

4.96 mi

6.49 mi

Price $59,995

Lot Area 87,120 Sq. Ft. Stories 1 Year Built 2001 Distance

PAGE 1 OF 3

Sales Comparables 55567 N Lago Rd, Seligman, AZ 86337 Yavapai County Data as of: 10/29/2021

APN: 301-43-169

Subject Property

Comparables

COMPARABLES #

1 2

Address

Sold

3.43

58845 N Tiza Ln, Selig man, AZ 86337

6.49

27200 W El Punta Ln, Selig man, AZ 86337

L: Listed

R: REO

RS: REO Sale

SS: Short Sale

Sq. Ft.

$ / Sq. Ft.

12/30/2020 $49,900

720

08/06/2019 $17,000

840

D: Default

Sold For

Listed

Listed At

Bds / Bths

Lot Size

Ag e

$69

69,260

$20

63,162

A: Auction

PAGE 2 OF 3

Comp #1 - 3.43 Miles From Subject 58845 N Tiza Ln, Seligman, AZ 86337 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN:

$49,900 / 12/30/2020 / 01/08/2021 1958 / $5,642 Mobile Home Clark Eryka Po Box 453, Seligman, AZ 86337-453 Yavapai 301-47-254

Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:

Bridge Canyon Country Estates 002100 / 2881 $39,900 / Private Party

Lot Area: Living Area: Pool:

Zoning: Acres:

69,260 Sq. Ft. 720 Sq. Ft.

Bedrooms: Baths (F / H): Total Rooms:

0 0/0

Cooling: Central Fireplace: Parking Type: Flood Zone Code: D

1 Composition Shingle Prior Sale Price: $4,650 Prior Sale Date: Prior Rec Date: 05/07/1998 Prior Sale Doc #: 3568.936

Lot Area: Living Area: Pool:

Bedrooms: Baths (F / H): Total Rooms:

1.59

Stories: Roof Material:

Comp #2 - 6.49 Miles From Subject 27200 W El Punta Ln, Seligman, AZ 86337 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:

$17,000 / 08/06/2019 / 12/13/2019 1991 / $5,819 Mobile Home Gentsch Greg 9133 Carefree Ave, Flagstaff, AZ 86004-1427 Yavapai 301-19-078 Bridge Canyon Country Estates 002100 / 2881 1/

63,162 Sq. Ft. 840 Sq. Ft.

Zoning: Acres: 1.45 Cooling: Fireplace: Parking Type: Flood Zone Code: D

0 0/0

Stories: 1 Roof Material: Prior Sale Price: $3,000 Prior Sale Date: Prior Rec Date: 12/31/1986 Prior Sale Doc #:

PAGE 3 OF 3

Neighbors Report 55567 N Lago Rd, Seligman, AZ 86337 Yavapai County Data as of: 10/29/2021

APN: 301-43-169

19 11 20

7 3

14 1

15 4

8 12

Subject Property

Neighbors

Subject Property 55567 N Lago Rd, Seligman, AZ 86337 Occupancy:

Unknown

Owner Name: Spears Thomas L / Spears Jeanette L Mailing Address: Po Box 6101, Kingman, AZ 86402-6101 APN: 301-43-169

Year Built / Eff: Living Area: Sale / Rec Date: 10/10/2000 / 10/17/2000 Lot Area: Sale Price / Type: $9,700 / Bedrooms: Land Use: Mobile Home Baths (F / H):

2001 / 1 Sq. Ft. 87,120 Sq. Ft.

Neighbor 1 - 0.05 Miles From Subject Occupancy:

Unknown

Owner Name: Mendez Carol Mailing Address: 1262 W Vesta St, Ontario, CA 91762-2914 APN: 301-43-168

Sale / Rec Date: / 03/30/1983 Sale Price / Type: $2,595 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

87,120 Sq. Ft.

PAGE 1 OF 5

Neighbor 2 - 0.05 Miles From Subject 55607 N Lago Rd, Seligman, AZ 86337 Occupancy:

Unknown

Owner Name: Spears Thomas L / Spears Jeanette L Mailing Address: Po Box 6101, Kingman, AZ 86402-6101 APN: 301-43-170

Sale / Rec Date: Sale Price / Type: Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

87,556 Sq. Ft.

Sale / Rec Date: / 01/13/2006 Sale Price / Type: $5,500 / Confirmed Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

87,120 Sq. Ft.

Sale / Rec Date: Sale Price / Type: Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

64,469 Sq. Ft.

Sale / Rec Date: / 02/26/1996 Sale Price / Type: $2,695 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

88,427 Sq. Ft.

Sale / Rec Date: Sale Price / Type: Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

87,120 Sq. Ft.

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

92,347 Sq. Ft.

Neighbor 3 - 0.06 Miles From Subject 55644 N Potrero Pkwy, Seligman, AZ 86337 Occupancy:

Unknown

Owner Name: Budge Matthew Mailing Address: Po Box 1012, Seligman, AZ 86337-1012 APN: 301-43-167

Neighbor 4 - 0.07 Miles From Subject 55586 N Lago Rd, Seligman, AZ 86337 Occupancy:

Unknown

Owner Name: State Of Arizona Mailing Address: APN: 301-43-209

Neighbor 5 - 0.07 Miles From Subject 55687 N Lago Rd, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Kenady Nan S Revoc TR Mailing Address: 4737 E Melanie Dr, Cave Creek, AZ 85331-6289 APN: 301-43-171

Neighbor 6 - 0.08 Miles From Subject Occupancy:

Unknown

Owner Name: Fisher Craig M Mailing Address: 9582 51st St, Jurupa Valley, CA 92509-3731 APN: 301-43-210

Neighbor 7 - 0.09 Miles From Subject 55684 N Potrero Pkwy, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Cattlemens Title Guarantee Co TR #267 Sale / Rec Date: Mailing Address: 6740 W Chicago St #2, Chandler, AZ 85226-3318 Sale Price / Type: APN: 301-43-166 Land Use: Ranch

PAGE 2 OF 5

Neighbor 8 - 0.11 Miles From Subject 33355 W Lago Cir, Seligman, AZ 86337 Occupancy:

Unknown

Owner Name: Heeney Robert J / Heeney Rebecca W Mailing Address: Po Box 150, Chappell Hill, TX 77426-150 APN: 301-43-208

Sale / Rec Date: / 11/12/1986 Sale Price / Type: $1,595 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

60,113 Sq. Ft.

Sale / Rec Date: / 01/03/1984 Sale Price / Type: $2,595 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

91,912 Sq. Ft.

Year Built / Eff: Living Area: Sale / Rec Date: 05/21/1998 / 05/28/1998 Lot Area: Sale Price / Type: $6,250 / Bedrooms: Land Use: Vacant -Residential Land Baths (F / H):

87,556 Sq. Ft.

Neighbor 9 - 0.11 Miles From Subject Occupancy:

Unknown

Owner Name: Parkin David P Mailing Address: 6251 Brookside Ln, Hoschton, GA 30548-8216 APN: 301-43-204

Neighbor 10 - 0.11 Miles From Subject 55575 N Potrero Pkwy, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Ortiz Martha S Mailing Address: 523 W Champagne Dr, Chandler, AZ 85248-7831 APN: 301-43-137

Neighbor 11 - 0.12 Miles From Subject 55727 N Lago Rd, Seligman, AZ 86337 Occupancy:

Unknown

Owner Name: Closser Keith W / Bustard Debbie Mailing Address: Po Box 974, Seligman, AZ 86337-974 APN: 301-43-172

Year Built / Eff: Living Area: Sale / Rec Date: 11/06/1997 / 11/13/1997 Lot Area: Sale Price / Type: $5,250 / Bedrooms: Land Use: Mobile Home Baths (F / H):

1995 / 1 Sq. Ft. 88,427 Sq. Ft.

Neighbor 12 - 0.12 Miles From Subject 55494 N Potrero Pkwy, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Jagiella Peter C Mailing Address: 865 E 245th St, Euclid, OH 44123-2401 APN: 301-43-211

Sale / Rec Date: Sale Price / Type: Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

Sale / Rec Date: / 02/15/1977 Sale Price / Type: $2,395 /

Year Built / Eff: Living Area: Lot Area: Bedrooms:

Land Use:

Baths (F / H):

87,120 Sq. Ft.

Neighbor 13 - 0.12 Miles From Subject Occupancy:

Unknown

Owner Name: Coleman Lealisa S Mailing Address: 24921 Muirlands Blvd #107, Lake Forest, CA 92630-4831 APN: 301-43-196

Vacant -Residential Land

87,556 Sq. Ft.

PAGE 3 OF 5

Neighbor 14 - 0.12 Miles From Subject 33105 Madre Rd, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Ludden Luke G Ui / Mirabella Len Mailing Address: 6245 Lindell Rd, Las Vegas, NV 89118-3432 APN: 301-43-138

Sale / Rec Date: Sale Price / Type: Land Use: SFR

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

2004 / 1,024 Sq. Ft. 88,427 Sq. Ft.

Sale / Rec Date: Sale Price / Type: Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

71,438 Sq. Ft.

Sale / Rec Date: / 04/06/1984 Sale Price / Type: $2,995 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

90,605 Sq. Ft.

Neighbor 15 - 0.13 Miles From Subject 33344 W Lago Cir, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Word Of Grace Church Mailing Address: 655 E University Dr, Mesa, AZ 85203-7926 APN: 301-43-205

Neighbor 16 - 0.13 Miles From Subject 55714 N Potrero Pkwy, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Abbott Stanley B / Abbott Mary A Mailing Address: 2407 S Celia Dr, Cedar Park, TX 78613-4613 APN: 301-43-165

Neighbor 17 - 0.14 Miles From Subject 55525 N Potrero Pkwy, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Sypien Joseph James Mailing Address: 5250 Annapolis Ln #2225, Minneapolis, MN 55446-1150 APN: 301-43-136

Year Built / Eff: Living Area: Sale / Rec Date: 12/04/2017 / 12/04/2017 Lot Area: Sale Price / Type: $2,400 / Bedrooms: Land Use:

Vacant -Residential Land

89,298 Sq. Ft.

Baths (F / H):

Neighbor 18 - 0.15 Miles From Subject 55530 N Madre Cir, Seligman, AZ 86337 Occupancy:

Unknown

Owner Name: Meadows Robert L / Meadows Virginia H Mailing Address: Po Box 681062, Marietta, GA 30068-18 APN: 301-43-139

Sale / Rec Date: / 08/30/1983 Sale Price / Type: $5,890 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

93,218 Sq. Ft.

Sale / Rec Date: / 01/28/1986 Sale Price / Type: $5,190 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

88,427 Sq. Ft.

Neighbor 19 - 0.15 Miles From Subject 55767 N Lago Rd, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Carig Alfredo D / Carig Espirita B Mailing Address: 212 San Vicente Ct, Vacaville, CA 95687-5906 APN: 301-43-173

PAGE 4 OF 5

Neighbor 20 - 0.16 Miles From Subject 33340 N Lana Cir, Seligman, AZ 86337 Occupancy:

Absentee Owner

Owner Name: Gagnon Henry L / Gagnon Kathleen S Mailing Address: 3122 Bellanca St, Columbus, GA 31909-5117 APN: 301-43-197

Sale / Rec Date: / 08/05/1983 Sale Price / Type: $4,890 / Land Use: Vacant -Residential Land

Year Built / Eff: Living Area: Lot Area: Bedrooms: Baths (F / H):

81,893 Sq. Ft.

PAGE 5 OF 5

Schools Report 55567 N Lago Rd, Seligman, AZ 86337 Yavapai County Data as of: 10/29/2021

APN: 301-43-169

Public School Assignment

Elementary School: Middle School: High School:

Seligman Unified District (4472)

Seligman Elementary School

Grades

PK-8

Students

500 Main Street, Seligman, AZ 86337 - 11.00 Miles

Students:Teachers

State Percentile

00:1

St udent Et hnicit y

9-12

No No No

Free Lunch: 69% Reduced Lunch: 69% Title 1: Yes

Reading Prof icient ( % )

57% 30% 8% 3% 2%

Seligman High School

Students

State Rank: Blue Ribbon School: Int'l Baccalaureate: Advanced Placement:

Mat h Prof icient ( % )

Caucasian Hispanic Native American African-American Asian

Grades

Seligman Elementary School Seligman Elementary School Seligman High School

500 Main Street, Seligman, AZ 86337 - 11.00 Miles

Students:Teachers

State Percentile

00:1

St udent Et hnicit y

State Rank: Blue Ribbon School: Int'l Baccalaureate: Advanced Placement:

No No No

Mat h Prof icient ( % )

Caucasian Native American Hispanic

Free Lunch: 55% Reduced Lunch: 55% Title 1: No

Reading Prof icient ( % )

52% 24% 24%

PAGE 1 OF 1

Disclaimer: This report is not an insured product or service or a representation of the condition of title to real property. It is not an abstract, legal opinion, opinion of title, title insurance, commitment or preliminary report, or any form of title insurance or guaranty. Estimated property values are: (i) based on available data; (ii) are not guaranteed or warranted; (iii) do not constitute an appraisal; and (iv) should not be relied upon in lieu of an appraisal. This report is issued exclusively for the benefit of the applicant therefor, and may not be used or relied upon by any other person. This report may not be reproduced in any manner without the issuing party's prior written consent. The issuing party does not represent or warrant that the information herein is complete or free from error, and the information herein is provided without any warranties of any kind, as-is, and with all faults. As a material part of the consideration given in exchange for the issuance of this report, recipient agrees that the issuing party's sole liability for any loss or damage caused by an error or omission due to inaccurate information or negligence in preparing this report shall be limited to the fee charged for the report. Recipient accepts this report with this limitation and agrees that the issuing party would not have issued this report but for the limitation of liability described above. The issuing party makes no representation or warranty as to the legality or propriety of recipient's use of the information herein. School information is copyrighted and provided by GreatSchools.org.

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

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.

No local business data for selected property.

Census Tract / block: 21.00 / 2 Year: 2018 Household Population

Population by Age

Count:

2,607

0 - 11

Estimate Current Year:

2,642

12 - 17

Estimate in 5 Years:

2,789

18 - 24

3.87%

Growth Last 5 Years:

10.74%

25 - 64

42%

Growth Last 10 Years:

-22.17%

65 - 74

20.44%

75+ Household Size

Household Income

Current Year:

1,060

0 - $25,000

35.94%

Average Current Year:

2.46

$25,000 - $35,000

20%

Estimate in 5 Years:

1,050

$35,000 - $50,000

9.43%

Growth Last 5 Years:

13.68%

$50,000 - $75,000

13.02%

Growth Last 10 Years:

50.33%

$75,000 - $100,000

7.26%

Male Population:

48.25%

Above $100,000

14.34%

Female Population:

51.75%

Married People:

68.2%

Unmarried People:

31.8%

Average Household Income:

$29,329

Housing Median Mortgage Payments

Home Values

Under $300:

48.94%

Below $100,000:

49.27%

$300 - $799:

32.47%

$100,000 - $150,000:

16.35%

$800 - $1,999:

12.09%

$150,000 - $200,000:

13.55%

Over $2,000:

6.49%

$200,000 - $300,000:

4.7%

Median Home Value:

$101,400

$300,000 - $500,000:

11.65%

Unit Occupied Owner:

84.25%

Above $500,000:

4.48%

Median Mortgage:

$557

Rent Payments

Year Built

Unit Occupied Renter:

15.75%

1999 - 2000

Median Gross Rent:

$815

1995 - 1998

Less Than $499

4.84%

1990 - 1994

$500 - $749

40.32%

1980 - 1989

11.33%

$750 - $999

45.97%

1970 - 1979

20.43%

$1000 and Over

8.87%

1900 - 1969

19.98%

Public Pre-Primary School:

2.13%

Not Enrolled in School:

76.05%

Private Pre-Primary School:

Not A High School Graduate:

15.74%

Public School:

23.64%

Graduate Of High School:

32.24%

Private School:

0.32%

Attended Some College:

28.92%

Public College:

1.34%

College Graduate:

19.28%

Private College:

Graduate Degree:

3.81%

26.52%

Private Worker:

63.26%

Government Worker:

21.78%

Self Employed Worker:

5.11%

Unpaid Family Worker:

5.35%

Education Enrollment

Workforce Occupation:

Manager/Prof: Technical: Sales:

23.72%

Administrative: Private House Hold: Service:

Farming: 22.75%

Protective Services:

14.36%

Skilled: Blue-Collar:

27.01%

Commute Time

Less Than 15 Min:

39.95%

15 min - 28 min:

13.69%

30 min - 57 min:

23.43%

Over 60 min:

22.93%

+ FIRST AMERICAN TITLE, FC0, ABUC 11/12/2021 10:49AM WH5I

YAVAPAI (YV), AZ

INVESTIGATIVE SEARCH RESULTS

PAGE 1 OF 1

SEARCH PARAMETERS PARCEL: PARCEL:

301-43-169 301-43-169

OWNER:

SPEARS THOMAS L & JEANETTE L RS

SITUS:

55567 N LAGO RD SELIGMAN

MAIL:

PO BOX 424

KINGMAN AZ 86402

INSTRUMENT

REC DATE

4746 180

06/14/2010

LEGAL:

BRIDGE CANYON COUNTRY ESTATES #14 LOT 2717

CURRENT TAXES

INFORMATION THROUGH 10/29/2021

LAND

IMPR

EXEMPT

RATE

AREA

SPECIAL DISTRICTS

PRIMARY

375

11.3113

4000

11900 14900 15001 30001

SECONDARY

324

137

.4958

2021 TOTAL TAX BILLED

44.24

2021

TAX AMT

TAX DUE

INTEREST

DATE PAID

TOTAL DUE

FIRST HALF

44.24

0.59

44.83

0.00

SECOND HALF 0.00

TOTAL CURRENT TAXES DUE 11/21

44.83

12/21

45.42

(ESTIMATED)

IMPROVEMENTS

BLDG SQFT

YEAR BUILT

2001

NUMBER OF STORIES

1.0

FULL CASH VALUE

4,604

LAND USE

08 10

LOT SIZE

2.000 ACRES

STORIES HEIGHT

SCHOOL DISTRICT

EXTERIOR WALLS

LAND FULL CASH VALUE

3,237

4000

GRADE MATERIALS

IMPR FULL CASH VALUE

1,367

SALES SALE DATE

SALE AMOUNT

INSTRUMENT TYPE

SELLER NAME

VALIDITY

10/17/2000

9,700

3786 820 AG

CATTLEMENS TITLE TRUSTEE

06/04/1999

2,900

3668 988 WD

HAGERMAN FUSAKO

ADDITIONAL PROPERTY INFORMATION STANDARD LAND USE:

MOBILE HOME

END SEARCH

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 or Title Security. If it is desired that liability be assumed, you may apply for a policy of title insurance with First American Title Insurance Company.

Home Seller’s Guide

to the Title & Escrow Process in Arizona

Quick Reference

Table of

Contents

Your Escrow Number Your New Address City/State/Zip Real Estate Agent Name

Assistant

Company

Phone

03 Welcome

Address

Fax

04 Benefits of Using a REALTOR®

First American Title

02 Quick Reference

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

Escrow Officer

Escrow Assistant

Address

Phone

City/State/Zip

Fax

Insurance Previous Company

Phone

Previous Agent

Policy No.

New Company

Phone

New Agent

Policy No.

Home Warranty Company

Policy No.

14 Understanding Title Insurance

Utilities and Services

16 Consider This

Southwest Gas 1.877.860.6020 www.swgas.com

Dish Network 1.800.823.4929 www.dishnetwork.com

Verizon 1.877.300.4498 www.connecttoverizon.com

Cox 602.277.1000 www.cox.com

CenturyLink 800.366.8201 www.centurylink.com

Salt River Project 602.236.8888 www.srpnet.com

Direct TV 1.888.777.2454 www.directv.com

AT&T 1.800.222.0300 www.att.com

APS 602.371.7171 www.aps.com

17 Closing Your Escrow 18 Planning Your Move

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®:

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...

› U nderstands market conditions and has access to information not available to the average homeowner.

- have the knowledge, patience, and sales skills needed to sell your home?

› C an advertise effectively for the best results.

- k now how to determine your home’s current market value?

› K nows how to price your home realistically, to give you the highest price possible within your time frame. › I s experienced in creating demand for homes and how to show them to advantage. › K nows how to screen potential buyers and eliminate those who can’t qualify or are looking for bargain-basement prices.

- 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?

› K nows how to go toe-to-toe in negotiations.

- understand the various types of loans buyers may choose and the advantages and disadvantages for the seller?

› I s always “on-call,” answering the phone at all hours, and showing homes evenings and weekends.

- have arrangements with an escrow and title company, home warranty company, pest-control service and lender to assist you with the transaction?

› C an remain objective when presenting offers and counter-offers on your behalf. › Maintains errors-and-omissions insurance.

Are you...

› W ill listen to your needs, respect your opinions and allow you to make your own decisions.

- aware of conditions in the marketplace today that affect value and length of time to sell?

› C an help protect your rights, particularly important with the increasingly complicated real estate laws and regulations.

- concerned about having strangers walking through your home?

› I s 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!

- 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

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. ake sure the front steps are clear and hazard-free. Make sure the doorbell works M properly and has a pleasant sound.

PREPARING YOUR HOME FOR SALE

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. B righten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens. Repair leaky faucets and caulking in bathtubs and showers. R epair or replace loose knobs on doors and cabinets. If doors stick or squeak, fix them.

First impressions have a major impact on potential buyers. Try to imagine what potential buyers will see

Make sure toilet seats look new and are firmly attached. Repair or replace loud ventilating fans.

when they approach your house for the first time

Replace worn shower curtains.

and walk through each room. Ask your REALTOR® for advice; they know the marketplace and what helps a

R earrange furniture to make rooms appear larger. If possible, remove and/or store excess furniture, and avoid extension cords in plain view.

home sell. Here are some tips to present your home

Remove clutter throughout the house. Organize and clean out closets.

in a positive manner:

Clean household appliances and make sure they work properly. A ir conditioners/heaters, evaporative coolers, hot water heater should be clean, working and inspected if necessary. Replace filters. C heck 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:

K eep everything clean. A messy or dirty home will cause prospective buyers to notice every flaw. C lear all clutter from counter tops. L et the light in. Raise shades, open blinds, pull back the curtains and turn on the lights. et rid of odors such as tobacco, pets, cooking, etc., but don’t overdo air fresheners G or potpourri. Fresh baked bread and cinnamon can make a positive impact. S end pets away or secure them away from the house, and be sure to clean up after them. Close the windows to eliminate street noise. I f possible you, your pets, and your children should be gone while your home is being shown. C lean trash cans and put them out of sight. I f 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. K eep 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. C heck that sink and tub are scrubbed and unstained. M ake 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

THE SELLER

THE ESCROW OFFICER

THE LENDER

Chooses a Real Estate Agent

Upon receipt of order and earnest money deposit, orders title examination.

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

Accepts Buyer’s offer to purchase.

Accepts Buyer’s application and begins the qualification process. Provides Buyer with Loan Estimate.

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.

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

Schedules inspections and evaluates findings. Reviews title commitment/ preliminary report.

Escrow officer or real estate agent contacts the seller to schedule signing appointment.

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.

Documents are recorded and all proceeds from sale are received.

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!

AZ Sellers Guide | 10

Completes and returns opening package from First American Title, including information such as forwarding address, payoff lender contact information and loan numbers.

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.

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.

Closing Costs: Who Pays What THIS CHART INDICATES WHO CUSTOMARILY PAYS WHAT COSTS

CASH

FHA

CONV

BUYER

Downpayment

Termite (Wood Infestation) Inspection (negotiable except on VA)

Property Inspection (if requested by buyer)

BUYER

Property Repairs, if any (negotiable)

SELLER

New Loan Origination Fee (negotiable)

BUYER

Discount Points (negotiable)

BUYER

Credit Report

BUYER

Appraisal or Extension Fee (negotiable)

BUYER

Existing Loan Payoff

SELLER

10.

Existing Loan Payoff Demand

SELLER

11.

Loan Prepayment Penalty (if any)

SELLER

12.

Next Month’s PITI Payment

BUYER

13.

Prepaid Interest (approx. 30 days)

BUYER

14.

Reserve Account Balance (Credit seller / Charge buyer)

PRORATE

15.

FHA MIP, VA Funding Fee, PMI Premium

BUYER

16.

Assessments payoff or proration (sewer, paving, etc.)

17.

Taxes

PRORATE

18.

Tax Impounds

BUYER

19.

Tax Service Contract

SELLER

BUYER

20.

Fire/Hazard Insurance

21.

Flood Insurance

22.

Homeowners Association (HOA) Transfer Fee

23.

HOA/Disclosure Fee

24.

Current HOA Payment

25.

Next Month’s HOA Payment

26.

Home Warranty Premium (negotiable)

27.

REALTORS®’ Commissions

28.

EAGLE Homeowners Title Policy

29.

Lenders Title Policy and Endorsements

30.

Escrow Fee (NOTE: Charge seller on VA Loan)

31.

Recording Fees (Flat rate)

32.

Reconveyance/Satisfaction Fee

33.

Courier/Express Mail Fees

SELLER

SELLER PRORATE

BUYER

BUYER or SELLER

SELLER

PRORATE

BUYER

BUYER or SELLER

SELLER

BUYER

SPLIT

SELLER

SPLIT

SELLER

SPLIT

SELLER

SPLIT

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

AZ Sellers Guide | 11

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: O pen escrow and deposit good faith funds into an escrow account onduct a title search to determine the ownership and title status of the C real property eview the title commitment and begin the process of working with you R 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. oordinate with the buyer’s lender on the preparation of the Closing C Disclosure (CD) rorate fees, such as real property taxes, per the contract and prepare the P settlement statement et separate appointments allowing the buyer and seller to sign documents S and deposit funds eview documents and ensure all conditions are fulfilled and certain legal R requirements are met Request funds from buyer and buyer’s new lender hen all funds are deposited and conditions met, record documents with W the County Recorder to transfer the real property to the buyer fter recording is confirmed, close escrow and disburse funds, including A proceeds, loan payoffs, tax payments, and more Prepare and send final documents to all parties AZ Sellers Guide | 13

Understanding Title Insurance 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. AZ Sellers Guide | 14

The Title Industry & Title Insurance in Brief

WHAT IS TITLE INSUR ANCE? 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 INSUR ANCE 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.

Compare First American’s Eagle Policy® for Owners Protection from: 1

Someone else owns an interest in your title

A document is not properly signed

Forgery, fraud, duress in the chain of title

Defective recording of any document

There are restrictive covenants

There is a lien on your title because there is:

EAGLE

Compare First American’s Eagle Policy® for Owners

ALTA Standard or CLTA 21

Post-policy prescriptive easement

Covenant violation resulting in your title reverting to a previous owner

Violation of building setback regulations

Discriminatory covenants Other benefits:

Pays rent for substitute land or facilities

Rights under unrecorded leases

Plain language statements of policy coverage and restrictions

c) a charge by a homeowner’s association

Compliance with Subdivision Map Act

Title is unmarketable

Coverage for boundary wall or fence encroachment*

Mechanics lien

Forced removal of a structure because it:

Added ownership coverage leads to enhanced marketability

Insurance coverage for a lifetime

Post-policy inflation coverage with automatic increase in value up to 150% over five years

Post-policy Living Trust coverage

a) a deed of trust b) a judgement, tax, or special assessment

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

Unrecorded lien by a homeowners association

Unrecorded easements

Building permit violations*

Restrictive covenant violations

Post-policy forgery

Post-policy encroachment

Post-policy damage from extraction of minerals or water

Lack of vehicular and pedestrian access

Map not consistent with legal description

Post-policy adverse possession

ALTA Standard or CLTA

EAGLE

* Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy.

As with any insurance contract, the insuring provisions express the coverage afforded by the title insurance policy and there are exceptions, exclusions and conditions to coverage that limit or narrow the coverage afforded by the policy. Also, some coverage may not be available in a particular area or transaction due to legal, regulatory, or underwriting considerations. Please contact a First American representative for further information. The services described above are typical basic services. The services provided to you may be different due to the specifics of your transaction or the location of the real property involved.

AZ Sellers Guide | 15

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.

AZ Sellers Guide | 16

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.

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 NEX T? 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.

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.

Discard unnecessary items. Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.

Service automobiles. If automobiles will be driven long distances, you’ll want to have them serviced for a trouble-free drive.

Packing materials. Gather moving boxes and packing materials for your move.

Cancel services. Notify any remaining service providers (newspapers, lawn services, etc) of 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.

AZ Sellers Guide | 18

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.

Central Arizona

11 3 9

First American Title Branch Locator 10

GOLDFIELD

CRISMON

SIGNAL BUTTE

IN SK

1 SUN CITY WEST

5 A NTHEM

9 K IERLAND COMMONS

13 C HANDLER PORTICO

2 G OODYEAR

6 PHOENIX CAMELBACK

10 SCOTTSDALE FORUM

14 G ILBERT SAN TAN

7 D ESERT RIDGE

11 D C CROSSING

623.299.3644 | Fax 877.858.8099 13940 W Meeker Blvd, #119 Sun City West, AZ 85375 N of Meeker Blvd W of R.H. Johnson 623.936.8001 | Fax 866.764.4706 1626 N Litchfield Rd. Suite #170 Goodyear, AZ 85395 NW corner of McDowell & Litchfield

3 A RROWHEAD

623.487.0404 | Fax 866.764.4703 16165 N 83rd Ave, #100 Peoria, AZ 85382 S of Bell/E side of 83rd Ave

4 T HE LEGENDS

623.537.1608 | Fax 888.279.8559 20241 N 67th Ave, #A-2 Glendale, AZ 85308 E side 67th Ave/N of 101

623.551.3265 | Fax 866.764.4708 39508 N Daisy Mountain Dr, #128 Anthem, AZ 85086 NE corner Daisy Mtn Dr/ Gavilan Peak Pkwy 602.954.3644 | Fax 866.874.1067 2201 E Camelback Rd, #120B Phoenix, AZ 85016 SE corner of Camelback/22nd Street 480.515.4369 | Fax 866.303.1392 20860 N Tatum Blvd, #100 Phoenix, AZ 85050 NW corner of Tatum/Loop 101

8 C AREFREE

480.575.6609 | Fax 877.331.2252 7202 E Carefree Dr, Bldg 1, #1 Carefree, AZ 85377 NE corner of Tom Darlington/ Carefree Dr.

480.948.6488 | Fax 866.895.7958 14648 N Scottsdale Rd, Suite #100 Scottsdale, AZ 85254 W of Scottsdale Road, S side of Greenway 480.551.0480 | Fax 866.874.1064 6263 N Scottsdale Rd, #110 Scottsdale, AZ 85250 E Side Scottsdale/S of Lincoln 480.563.9034 | Fax 866.314.2283 18291 N Pima Rd, #145 Scottsdale, AZ 85255 SE corner of Pima/Legacy

12 A HWATUKEE

480.753.4424 | Fax 888.279.8546 4435 E Chandler Blvd, #100 Phoenix, AZ 85048 SW corner Chandler/45th St.

480.777.0051 | Fax 866.417.0638 2121 W Chandler Blvd., #215 Chandler, AZ 85224 SW Corner Chandler Blvd./ Dobson Rd.

17 G OLD CANYON

480.288.0883 | Fax 866.841.8917 6877 South Kings Ranch Rd, #5 Gold Canyon, AZ 85118 E of 60/ South Side Kings Ranch Rd.

480.777.0614 | Fax 888.279.8548 1528 E Williams Field Rd. #101 Gilbert, AZ 85295 NW corner of Williams Field Rd./ Val Vista Rd.

15 M ESA

480.833.5301 | Fax 888.279.8550 1630 S Stapley Dr, #123 Mesa, AZ 85204 N of Baseline / W of Stapley

16 R ED MOUNTAIN

480.534.3599 | Fax 888.889.7245 1135 N Recker Rd, #103 Mesa, AZ 85205 SE corner of Recker & Brown

AZ Sellers Guide | 19

For more information please contact your First American representative.

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