One appointment. Expert doctors. Convenient services. 4350 E. Camelback Rd., Ste F100 Phoenix, AZ 85018 602.955.8700 • FPSAZ.com Because caring for your health has always been our passion, we’ve made the following services conveniently available in our office. • Excellent care for all ages • Same day appointments • On-site clinical laboratory and X-rays • Dermatology and Optometry services • DOT Physicals • Botox and Obagi skin care now available Celebrating 45 years of family care M-F 7 a.m. to 5 p.m. and Saturday 7 a.m. to noon. Mark A. Wyse, M.D. Kate Montgomery, FNP Allan Goldman, D.O. IMG_0897.JPG IMG_0900.JPG IMG_0898.JPG IMG_0901.JPG IMG_0899.JPG IMG_0902.JPG Lanterman Photo 602.577.1640 David Anderson, O.D. Optometrist David Francyk, D.O. T.E. McCauley, M.D. Tyler Southwell , M.D. Certified in DOT Physicals Andrew Racette, D.O. Certified Dermatologist James Leap, PA-C Physician Assistant Alisha Archibeck, D.O. Jennifer Francyk, PA-C Certified in DOT Physicals Victoria Rhodes, P.A. Walter Koppenbrink, M.D. Charles Levison, M.D. KACHINA Quality Dry Cleaning 602-955-5540 3926 E. Indian School Road Arcadia Family Owned & Operated Since 1959 Home & Office Pickup & Delivery Available Page 6 July 2015 By Tyler J. Carrell In the 1970s, Ned Warren made a name for himself while managing several companies, including Western Growth Capit al Cor p. a nd Consolidate Mortgage Corp., which sold land in Yuma and Yavapai Counties. But when I say Mr. Warren “made a name for himself,” I’m not using that as an expression – Warren’s exploits earned him the nickname “Godfather of Land Fraud.” For more than a decade, Warren used all sorts of methods to defraud investors and turn a profit, including selling the same parcel of land to multiple buyers. Ultimately, tens of thousands of investors lost tens of millions of dollars, and Warren was indicted. In 1978, Warren was convicted of 20 counts of land fraud. While it’s difficult to completely protect our clients from fraudsters, one of the most important tools real estate attorneys and investors have at their disposal is a title report. Even if you are a stranger to the commercial real estate world, you may be familiar with title reports from when you purchased your home. You likely purchased “title insurance” from a title company, which is meant to protect an owner or a lender’s financial interest in real property against loss due to title defects, liens or other matters. Regardless of whether it is a residential or commercial transaction, after the buyer and seller have reached an agreement, but before the close of escrow, a preliminary title report needs review. I suggest that all buyers take the time to review the title report, or retain an attorney or other real estate professional to review it. There are three important sections to which you should give particular attention. • First, you should review liens and property tax issues. A property cannot be transferred to a new owner when any outstanding property taxes are due to the city or county. Further, taxes must be settled before any debt holder, such as the holder of a loan or mortgage, gets paid. A buyer can sometimes be surprised to find out that the seller owes significant amounts in back taxes. In addition to any outstanding obligation to a taxing authority, a title report also lists any mortgage liens on the property. Outside of some separate agreement where the buyer may “assume” a mortgage, these liens should also be satisfied and released prior to purchase. • Next, you should carefully review the legal description. While purchase agreements or contracts usually include the street address of the property you are purchasing, the legal description is the “metes and bounds” of the Three reasons title reports are a must-read for real estate buyers property – outlining the boundaries of the property in relation to nearby streets and intersections. The legal description gives you an accurate sense of where the limits of the property are, and can eliminate any false assumptions as to what sections of land are acquired upon closing. • Final important details include easements and rights-of-way. When our client wants to buy an office building, for example, title reports often reveal easements or rights-of- way that are undetectable by simply walking or driving around the property. Sometimes a right-of-way allows neighboring landowners to use a driveway or entry way to access their property. In addition, some office complexes or condominium complexes have easements through “common areas” (areas owned by the property association) through which an owner or tenant is allowed to pass. Another easement I commonly see in my practice is a utility easement, which gives a power or telephone company the right to enter your land for the purpose of maintaining the utility. Overall, while it may look bland, title reports reveal extremely important information for potential real estate owners. Taking the time to review these reports can help you fully understand what obligations must be satisfied prior to sale, who may access the property and for what legal reasons, and in extreme situations, may even help you detect nefarious sellers. — Tyler J. Carrell is an associate at Gallagher & Kennedy, where he focuses his practice on commercial litigation, real estate transactions and bankruptcy. For more information about Mr. Carrell, please visit gknet.com. LEGAL EASE I suggest that all buyers take the time to review the title report, or retain an attorney or other real estate professional to review it.” ‘‘

2015 Tavan School District Sales Results (1/1/2015-5/31/2015) Active Homes - 94 Homes Homes Sold - 79 Homes Average Sale Price - $467,818 Average Sold $ Per SF - $216 Average Days On Market - 141 days There is currently 6 months of home inventory. (based on 2014 sales results) 2015 home sales have decreased 6% this year. (based on 2014 sales results) Home prices have increased 3% this year. (based on 2014 sales results) $ Per Square Foot prices have increased 3% this year. (based on 2014 sales results) Homes are taking 44% more time to this year. (Based on 2014 sales results) 2014 Tavan School District Year End Sales Results Homes Sold - 199 Homes Average Sale Price - $451,117 Average Sold $ Per SF - $208 Average Days On Market - 78 Days 2013 Tavan School District Year End Sales Results Homes Sold - 217 Homes Average Sale Price - $403,875 Average Sold $ Per SF - $189 Average Days On Market - 66 Days 2012 Tavan School District Year End Sales Results Homes Sold - 207 Homes Average Sale Price - $326,316 Average Sold $ Per SF - $158 Average Days On Market - 66 Days 2011 Tavan School District Year End Sales Results Homes Sold - 203 Homes Average Sale Price - $265,505 Average Sold $ Per SF - $128 Average Days On Market - 102 Days Arcadia Real Estate Stats 2015 Hopi School District Sales Results (1/1/2015-5/31/2015) Active Homes - 174 homes Homes Sold - 142 homes Average Sale Price - $938,303 Average Sold $ Per SF - $294 Average Days On Market - 108 days There is currently 9 months of home inventory. (based on 2014 sales results) 2015 home sales have increased 32% this year. (based on 2014 sales results) Home prices have decreased 6% this year. (based on 2014sales results) $ Per Square Foot prices have increased 2% this year. (based on 2014 sales results) Homes are taking 9% less time to sell this year. (Based on 2014 sales results) 2014 Hopi School District Year End Sales Results Homes Sold - 225 Homes Average Sale Price - $1,006,381 Average Sold $ Per SF - $286 Average Days On Market - 119 Days 2013 Hopi School District Year End Sales Results Homes Sold - 305 Homes Average Sale Price - $854,430 Average Sold $ Per SF - $262 Average Days On Market - 88 Days 2012 Hopi School District Year End Sales Results Homes Sold - 282 Homes Average Sale Price - $777,607 Average Sold $ Per SF - $235 Average Days On Market - 102 Days 2011 Hopi School District Year End Sales Results Homes Sold - 238 Homes Average Sale Price - $635,344 Average Sold $ Per SF - $197 Average Days On Market - 124 Days If you are buying or selling a home in Arcadia, call Tommy! visit Tommy Atkinson .com Free MLS Access • Complete list of ALL Hopi properties for sale Complete List of ALL Tavan properties for sale • Complete list of ALL Arcadia foreclosures 3132 N Coolidge • $659,000 4 bedroom / 4 bath • 2,820 square feet Great Camelback Corridor West USA Realty Cell: 602-625-6020 tomatkinson1@msn.com 5500 N 67th Place • $1,695,000 5 bedroom / 5.5 bath • 5,773 square feet Paradise Valley Estate Thinking Of Selling Your Home? Call Today About My Flexible Commission Program Geared To Save You Money! 7808 N Ironwood • $1,795,000 5 bedroom / 5 bathroom • 4,818 square feet 2.61 acre P.V. Estate 5328 E Lafayette • $1,195,000 5 bedroom / 4 bath • 3,945 square feet Lafayette Estate 4332 N 40th Street • $595,000 2 bedroom / 2 bathroom • 2,018 square feet Dos Puertas Gated Community