Natasha Stille 2405 NE Morgan St Home Book

Subject Property

County Name: Multnomah

APN / Parcel Number: R161862

Current Ownership: Rebecca Lucas

97211

Site Address: 2405 NE Morgan St, Portland OR 97211

Mail Address: 13771 River Rd NE, Gervais OR 97026 *Absentee Owner

Tract / Subdivision: / Faubion Pk

Census Tract / Block: 003602 / 4003

Lot / Block: 4

Twn / Rng / Sec / Qtr: 01N / 01E / 14 / NE

Brief Legal Description: FAUBION PK, LOT 4

Sale Information

Property Characteristics

Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report

Parcel ID: R161862

SiteAddress: 2405 NE Morgan St

Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report

Parcel ID: R161862

SiteAddress: 2405 NE Morgan St

Sentry Dynamics, Inc and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report

GENERALINFORMATION

PropertyStatus AActive

PropertyType RPResidential

LegalDescription FAUBIONPK,LOT4

AlternateAccountNumber R272750100

Neighborhood RB3083Concordia

MapNumber 1N1E14AA-05200

PropertyUse B-RESIDENTIALIMPROVED

LevyCodeArea 201

OWNERINFORMATION

OwnerName LUCAS,REBECCA

MailingAddress 13771RIVERRDNEGERVAIS,OR 97026

RELATEDPROPERTIES

Split/MergedatapriortoFebruary6,2018isnotavailableonline, pleasecallMultnomahCountyAssessment&Taxationdivision.

LinkedPropertiesPropertyGroupIDGroupedPropertiesSplit/MergeDate -

Split/MergeAccountsSplit/MergeMessage -

IMPROVEMENTS

Expand/CollapseAll

LANDSEGMENTS

ASSESSEDVALUES

PRD DONAHUE,ROBERTW LUCAS,REBECCA 2022109344 12/14/2022 $450,000

PRD DONAHUE,MILDREDM DONAHUE,ROBERTW 2018047718 5/7/2018 $0

BSD DONAHUE,MILDREDM DONAHUE,MILDREDM 2005048702 3/21/2005 -

INST DONAHUE,MILDREDM DONAHUE,MILDREDM D0309834

DUES

TotalAmountDue $0.00

Pleaseenterproperpaymentamount

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Toviewinstallmentamountsforeachyear,click ExpandDetailsbelow. Ifapplicable,thedescribedpropertyisreceivingspecialvaluationbaseduponitsuse.Additional rollbacktaxeswhichmaybecomeduebasedontheprovisionsofthespecialvaluationarenotindicated inthislisting.

TAXSUMMARY

EffectiveDate:

Age Distribution

1. Faubion Elementary School

Address: 2930 Ne Dekum St

District: Portland Sd 1J

Charter: No Magnet:

Title 1 Elig: 1-Yes

2. Jefferson High School

Distance: 0.39 mile(s)

Type: 1-Regular school

Students: 570

Title 1: 5-Title I schoolwide school Grade Levels: Prekindergarten8th Grade

Male / Female: 302 / 265 Distance: 1.76 mile(s)

Address: 5210 N Kerby Ave

Charter: No

Title 1 Elig: 2-No

Male / Female: 239 / 281

District: Portland Sd 1J

Type: 1-Regular school

Students: 525

Title 1: 6-Not a Title I school Grade 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.

FROM PENDING TO SOLD

™

ESCROW FLOW CHART

Receive and review Earnest Money Agreement and Broker’s instructions.

Open escrow. Order title report.

Determine financing.

Information gathering from Buyer and Seller.

Receive title report. Send copies to all parties in the transaction.

Resolve any title issues. Order any payoff demands.

Review file. Are conditions satisfied? Contingencies removed?

Prepare closing statement, closing instructions and transfer deed

Obtain signatures on all escrow and loan documents. Collect any funds due from Buyer and/or Seller

Record applicable documents with the County Recorder's office.

Close file. Prepare final statements. Disburse funds.

Forward final documents to all interested parties - Buyer, Seller, Real Estate Agents, Lender, Broker, Attorney, etc.

NEW LOAN

Notify Escrow with name of new lender and loan officer.

Send title report to lender.

Notification of final loan approval. Are repairs complete?

Deliver Seller & Buyer Closing Disclosures. Buyers’ consummation 3-6 days.

Loan documents delivered to escrow.

Return loan documents for final approval to fund and record.

Order loan funds.