Middle School R A Brown Middle School 2 High School Century High School 3
School
1. Imlay Elementary School
Address: 5900 Se Lois St District: Hillsboro Sd 1J
Charter: No
Title 1 Elig: 2-No
Male / Female: 229 / 239
2. R A Brown Middle School
Title 1: 6-Not a Title I school
Address: 1505 Sw Cornelius Pass Rd District: Hillsboro Sd 1J
Charter: No
Title 1 Elig: 2-No
Male / Female: 397 / 321
3. Century High School
Title 1: 6-Not a Title I school
Address: 2000 Se Century Blvd District: Hillsboro Sd 1J
Charter: No
Title 1 Elig: 2-No
Male / Female: 843 / 693
Title 1: 6-Not a Title I school
0.50 mile(s)
1-Regular school
Students: 468
0.70 mile(s)
1-Regular school
722
7th Grade - 8th Grade
0.89 mile(s)
1-Regular school
1,551
Levels: 9th Grade - 12th Grade
STEPS IN A REAL ESTATE TRANSACTION
1
What is an Escrow?
THE LISTING AGREEMENT
The property owner (Seller) initiates a contract, or a listing agreement, with a licensed Real Estate Agent.
2
THE SALE
Property owner (Seller) enters into a purchase contract, typically referred to as an Earnest Money Agreement, with a Buyer.
3
ESCROW
As part of the purchase contract, Seller agrees to purchase a title insurance policy for the Buyer and both agree to close the transaction with a licensed escrow company. In Oregon, most title insurance companies also offer escrow services to facilitate a convenient “one-stop” approach to closing real estate transactions.
An escrow is a neutral third party depository for legal documents and funds necessary to complete a real estate transaction. The escrow agent will disburse funds and record documents for the proper recipients according to their written instructions.
What title insurance and escrow costs are incurred in a real estate sale?
The fee for escrow services is based on the sales price of the property. This fee is typically split equally between the Seller and Buyer. However, Buyers should check with their lenders if financing is involved because some federally insured lending programs do not allow borrowers to pay this fee. The Seller typically pays for a standard owner’s policy of title insurance which names the Buyer as the insured. Charges for this policy are based on the sales price of the property. The Buyer typically pays for a lender’s policy of title insurance and any required endorsements if s/he is obtaining a new loan to purchase the property. Charges for this policy are based on the loan amount.
What services does an escrow agent perform on behalf of the Seller and Buyer?
• Upon opening of escrow, escrow agent will order a preliminary title report, which will be sent to all interested parties involved in the transaction. The report will detail the current ownership, liens and encumbrances of the property.
• Closing statements will be prepared for each party, showing all credits and debits. The escrow agent will schedule appointments for all parties to sign their final necessary documents, including any funds needed to be deposited, to complete the transaction.
• Signed loan documents are returned to the Lender, for final review and funding approval.
• Recordable documents are released to the County Clerk’s office for recording.
• Once recorded, all funds are disbursed per written instructions.
• Final title policies are issued to the insured parties.
