Elawyers Elawyers
Washington| Change

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION, DIVISION OF REAL ESTATE vs FELIX GUTIERREZ, JR., 03-003801PL (2003)

Court: Division of Administrative Hearings, Florida Number: 03-003801PL Visitors: 14
Petitioner: DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION, DIVISION OF REAL ESTATE
Respondent: FELIX GUTIERREZ, JR.
Judges: LARRY J. SARTIN
Agency: Department of Business and Professional Regulation
Locations: Miami, Florida
Filed: Oct. 14, 2003
Status: Closed
Settled and/or Dismissed prior to entry of RO/FO on Tuesday, December 2, 2003.

Latest Update: Dec. 25, 2024
LP 3FO/ STATE OF FLORIDA Q>, fe fn DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATIONG? / aes FLORIDA REAL ESTATE APPRAISAL BOARD 403 f ‘Wey - 4 2 ‘* G3, sg rr) FLORIDA DEPARTMENT OF BUSINESS & MESHES Op ] PROFESSIONAL REGULATION, tng, DIVISION OF REAL ESTATE, ore Petitioner, v. CASE NO. 200084976 FELIX GUTIERREZ, JR., Respondent. / ADMINISTRATIVE COMPLAINT The Florida Department of Business & Professional Regulation, Division of Real Estate ("Petitioner") files this Administrative Complaint against Felix Gutierrez, Jr. (“Respondent”), and alleges: ESSENTIAL ALLEGATIONS OF MATERIAL FACT 1. Petitioner is a state government licensing and regulatory agency charged with the responsibility and duty to prosecute Administrative Complaints pursuant to the laws of the State of Florida, including Section 20.165 and Chapters 120, 455 and 475 of the Florida Statutes, and the rules promulgated thereunder. 2. Respondent is currently a Florida state-certified general real estate appraiser having been issued license RZ38 in accordance with Chapter 475 Part II of the Florida Statutes. 3. The last license the State issued to Respondent was as a state-certified general real estate appraiser at 7175 SW 8" Street, Miami, Florida 33144. 4. On or about October 23, 2000, Respondent developed and communicated an appraisal FDBPR v. Felix Gutierrez, Jr. Case No. 200084976 Administrative Complaint report (Report) for property commonly known as 730 Bahia Vista, Coral Gables, Florida 33143 (Subject Property), and estimated its market value at $5,000,000.00 as of October 20, 2000. A copy of Report is attached hereto and incorporated herein as Administrative Complaint Exhibit 1. 5. At all times material hereto, Subject Property was also commonly known as 3 Tahiti Beach Isle Road, Coral Gables, Florida 33143. 6. In the Report, Respondent indicated that the view of Subject Property was “bay/residential.” 7. In the Report or an addendum, Respondent failed to disclose or indicate that Subject Property‘s only view to a bay was across the street from a vacant, buildable lot. Copies of the view are attached hereto and incorporated herein as Administrative Complaint Exhibit 2. 8. In the Report, Respondent indicated that the most recent prior sale of Subject Property closed in March 2000, at $2,750,000.00, seven months prior to the date of the Report. 9. In the Report, Respondent indicated that the prior sales of the comparables or Subject Property did not reflect the current market value. 10. In the Report, Respondent further indicated that current market value was the most recent sales. 11. Respondent used comparable sales two as part of the Sales Comparison Analysis, which closed in March 2000 at $7,500,000.00. FDBPR v. Felix Gutierrez, Jr. Case No. 200084976 Administrative Complaint COUNT I Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice in violation of Section 475.624(14), Florida Statutes. COUNT II Based upon the foregoing, Respondent is guilty of having failed to exercise reasonable diligence in developing an appraisal report in violation of Section 475.624(15), Florida Statutes. COUNT III Based upon the foregoing, Respondent is guilty of culpable negligence in violation of Section 475.624(2), Florida Statutes. WHEREFORE, Petitioner respectfully requests the Florida Real Estate Appraisal Board, or the Department of Business and Professional Regulation, as may be appropriate, to issue a Final Order as final agency action finding the Respondent(s) guilty as charged. The penalties which may be imposed for violation(s) of Chapter 475 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license, registration, or certificate; suspension of the license, registration or certificate for a period not to exceed ten (10) years; imposition of an administrative fine of up to $5,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant, or certificate holder to complete and pass additional appraisal education courses; publication, or any combination of the foregoing which may apply. See Section 475.624, Florida Statutes and Rule 61J1-8.002, Florida Administrative Code. The penalties which FDBPR v. Felix Gutierrez, Jr. Case No. 200084976 Administrative Complaint may be imposed for violation(s) of Chapter 455 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license, registration, or certificate; suspension of the license, registration, or certificate for a period not to exceed ten (10) years; imposition of an administrative fine of up to $5,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant, or certificate holder to complete and pass additional appraisal education courses; publication; restriction of practice; injunctive or mandamus relief; imposition of a cease and desist order; or any combination of the foregoing which may apply. See § 455.227, Fla. Stat. (1999) and Fla. Admin. Code R. 61J1-8.002. SIGNED this__5”_ dayof__ J og7. , 2002. Professional Regulation LED. By: - Director, Division of Real Estate onal Regulation Potge: wen CLS ATTORNEY FOR PETITIONER riaek a Bate “renee te te Stacy N. Robinson Pierce Fla. Bar No. 182796 FDBPR-Division of Real Estate Legal Section 400 W. Robinson Street, N308A Orlando, Florida 32802-1772 (407) 481-5632 (407) 317-7260 - FAX FDBPR v. Felix Gutierrez, Jr. Case No. 200084976 Administrative Complaint PCP: MC/CK/JB 11/02 NOTICE TO RESPONDENTS PLEASE BE ADVISED that mediation under Section 120.573 of the Florida Statutes, is not available for administrative disputes involving this type of agency action. PLEASE BE FURTHER ADVISED that pursuant to this Administrative Complaint you may request, within the time proscribed, a hearing to be conducted in this matter in accordance with Sections 120.569 and 120.57 of the Florida Statutes; that you have the right, at your option and expense, to be represented by counsel or other qualified representative in this matter; and that you have the right, at your option and expense, to take testimony, to call and cross-examine witnesses, and to have subpoena and subpoena duces tecum issued on your behaif if a formal hearing is requested. PLEASE BE FURTHER ADVISED that if you do not file an Election of Rights form or some other responsive pleading with the Petitioner within twenty-one (21) days of receipt of this Administrative Complaint, the Petitioner will file with the Florida Real Estate Appraisal Board a motion requesting an informal hearing and entry of an appropriate Final Order which may result in the suspension or revocation of your real estate license or registration. Please see the enclosed Explanation of Rights and Election of Rights form. r : . _ File No: 25779 CUE APPRAISAL REPORT of SINGLE FAMILY RESIDENCE 730 BAHIA VISTA CORAL GARLES FLORIDA 33143 PREPARED FOR: WASHINGTON MUTUAL AS OF: 10-23-2000 PREPARED BY: Felix Gutierrez, Jr. | MIGUEL LOPEZ ; STRAA.R1#0005821 | 7175 SW 8TH STREET, SUITE 218 | MIAMI,FLORIDA 33144 i ee [ere MES, a Division of ACI Cavaiopmant (800) 097-7783 “To - Felix Gutierrez, Jr. - Property Descriptioa UNIFORM RESIDENTIAL APPRAISAL REPU.AT File No. 25779 ° | Property Address 730 BAHIA VISTA city CORAL GABLES steve FL Zip Coda_ 33243 Lage) Description COCOPLUM SEC 2 PLAT E PB131-76 LOT3 BLK 21 County DADE. Assessor's Parcel No. 03-4132-030-0130 Tax Your 1999 RE Taxes ¢ 46,318. Spocial Arcessments $ NONE. Current Owne ALFREDO MURCITANOSLOURDES* Occupant flownee Tenant Vacant Neighborhood of Prajact Nama COCOPLUM Q | tonomr ALFREDO MURCTANO | Prepare tas opened EC] eve simoia Lonsoholg Project Twos [xX] evo | | condeminium (HUOVA ony) HOAs 1,230.00 smo. F} Map Reteronce 54-41-32 Consus Trset_ 80.00 aise Price s N/A Dare ot Sole N/A Qoscription ned * amount of toan chaeges/eoncessions 10 bs paid by settee N/A. LandeyCient WASHINGTON MUTUAL Agdezs__ FLORIDA 7175 SW 8 ST SUITE#219MIAMT FL 33144 Anpraiss MIGUELLOPEZ ,SRAARICOO05821 adcoss Location Urban Suburban Rural Undar 28% ‘Sangle family bousing Lad use cliange Bk] wor vkety [] titaiy Built up Over 75% 28-75% PRICE $1000) AGE irs) i x) Growth rate Ragid Stable Slow Owner 90 4.MILL tow NEW In process Property waives — LUE] incrensing Stabia Doetining Tenant 5 @.MILL 9, 30,2 to: Demand/supply Shortage EX] in balance ‘Over supply | Vacant (0.6%) Pracominant Ie = Mrkatiog tie under amos. {K}..0¢mos._{ | overamos, [f | vacant ows; |5.MILL 20,5 Note; Race and the rack composition of the naighbarhend are nat appreizal factors. Naighborheed boundulas and characteristics: THE SUBJECT NEIGHBORHOOD IS BOUNDED ON THE NORTH BY,SUNSET DR,ON THE SOUTH BY,CAUSURINA CONCORUSE ON THE WEST BY,OLD CUTLER RD,AND THE EAST BY,BISCAYNE BAY. Factors that affect the marketability of the propertios in the naighborhoad (proximity to employment and amenities, emplayment stability, appwal 10 markat, atc): SUBJECT IS LOCATED IN IN DESIRABLE NEIGHBORHOOD OF GOOD QUALITY HOMES,ALL AMNESTIES IN THE AREA SUCH AS SCHOOLS SHOPPING AND PUBLIC TRANSPORTATION ARE NEARBY.NO UNFAVORABLE FACTORS AFFECTING MARKETABILITY WERE NOTED AT TIME OF THE APPRAISAL.NEIGHBORHOOD APPEARS GENERALLY STABLE AND PROPERTY CONDITIONS ARE AVERAGE.COMMERCIAL DIST ALONG MAINT ARTERIES THEY DO NOT AFFECT SUBJECT MARKET VALUE. Market canditions in the subject neighborhood {including support far thu above conclusions related to the wend of proporty values, demand/supply, and markating time . . . such ay data on Competitiva properties for sala in the naigibochood, desciiption of the prevalence of sales and financing concessions, etc.): MARKET CONDITIONS APPEAR VERY GOOD AS THERE IS STRONG DEMAND FOR HOUSING IN THE MORE AFFORDABLE VALUE RANGE, PROPERTIES ARE SCARCE NO UNFAVORABLE MARKET CONDITIONS WERE NOTED AS NEW TOWN PROPERTIES ARE LIMITED AND IS A DESIRABLE NEIGHBORHOOD DUE TO PROXIMITY TO THE BEACHES IN THE ISLAND,ALL TYPES OF FINANCING ARE CURRENTLY AVAILABLE FROM CONVENTIONAL TO BOTH VA AND FHA,AILTHOUGH MANY BUYERS PAY CASH. LANDS “NEIGHBORHOOD ~ Project infurrantion for FUDs {it applicabie}-J8 the daveloper/buildar in convol af tha Homa Owners’ Association {iiOAI? Approximate tatal number af units in tha subnet project 28 __., Approxknate total number of units for aie in the eubject proce, N/A . Describe common slemants and recreational facilities: CLUBHOUSE DOCKS , BEACHES CLUBHOUSE , TENNIS ,24H SECURITY, GREEN AREAS Oimensions IRREGULAR. Topography LEVEL SituAwe $44,033 SO ET _—. Comer Lot Size COMMON FOR AREA. Spocific roning classification and description R= 7 (RESIDENTIAL SINGLE FAMILY Shape IRREGULAR ADEQUATE /AVG Legal Legal nancanlorming (Grandiathsed use) AMlogat View FRONT/BAY/RESIDENTIAL/ Zoning compitence Other sae (explain? Highast & best ise as improved Prevent use Utilities Public Other Ot site es Type Public Private candecoping TE AVG 7avG —| Electricity & Street ASPHALT/AVG 1: | dvowent terements PUB. UTILITIES : Gas Oo Curb/Gutter CONCRETE/AVG O H Water fx] Sidewalk | CONCRETE/AVG _ FEMA Special Flood Hazard Area fi] Yes [JNo fx] FEMA Zone _'AE' _ Map Date 07-95 ‘MA Map.No, 12025¢C-0276G ] 9, illegal of legel nonconforming roning, uso, ete.|: NO ADVERSE. Street lights CONCRETE/POST NONE sumients, encroachtents, spacial ussesaments, sli Sanitary Sewer kx] [x] Commenta(apparent adver :| BASEMENTS , ENCROACHMENTS , ENVIRONMENTAL INFLUENCES OR CONDITIONS WERE OBSERVED.A CURRENT SURVEY IS RECOMMENDED FOR VERIFICATION. GENERAL DESCRIPTION {EXTERIOR DESCRIPTION | FOUNDATION BASEMENT INSULATION No. of Units ONE/GOOD | Foundation © CONCRETE | Siab CONCRETE | Area Sq. Ft. NONE Roof Bx] Enc No. of Stories TWO/GOOD | Exterior Walls CBS/GOOD | Crawt Space NONE % Finished N/A Ceiling K a Type(Det./Att.) DET/GOOD | Roof Surface S/TILE/ jBasement NONE Ceiling N/A) Walls x] 5:1 Design (Style) 2/STORY | cunare 6 ownspts NONE, Sump Pump N/A Walle w/a | Floor {J & EdatingMopoed Existing | Window Type AWNING |Dampness N/A Floor N/A None L} ti} Age {Yrs.) A/8/GOOD | Storm/Screens Screens |Sottlement N/A Outside Entry N/A Unknown L] BE Letra tae cvs £/ 1/6000 | orutecrred HovmeNO Infestation _N/NOTED f,|__ ROOMS Foyer ivi Den | Family Rm.| .|Becrooms| # Baths | Laundry | Other | Area Sa,Ft. S| Gasement _| NONE jf bevelt x x 1 x 1 3 x BAR 4,966 O'lbe 4 3 BAR 3,072 2 l i} i O'| Finished area above grada contains: __15_ Rooms: 5 _Bedrgomts); 6 Bath{s); 7,938 Square Feet of Gross Living Area EST INTERIOR MatweluCendiion | HEATING KITCHEN EQUIP, | ATTIC AMENITIES CAR STORAGE i] Floors MARBLE/GOOD |Typa R.C Refrigerator None Fireplace(s) #ONE/GOOD [x] | None 82] wails DRYWALL/GOO {Fuel = ELECT’. Range/Oven Stairs Patio COVER/GOOD _ [X] |Garage rot care tis] Trim/Finish HOOD/GOOD __ | censiton_ AVERAGE Disposal be] |orop stair [] |Dock +CON/GOOD KX] } attached “| Bath Floor C.TILE/GOOD | COOUNG Dishwasher [XJ | Scuttie kl Porch 2/GOOD IX, Datached Bath Wainscot C.TILE/GOOD | Central 6/CENTR Fan/Hood Floor (J | Fence auitin 3 /CR Doors WOOD/V/GOOD |Other N/A Microwave Heated [J {Poot ONE/GOOD X] | Carport ‘| MARBLE HARWOOD Condition GOOD Washer/Dryer [8] |Finished 1OFT/HGT/DOORS 8] idriveway CON Additional features (spacial energy efficiunt items, atc.): TROPICAL LANDSCAPE ,MARBLE FLOOR, FOUNTAIN, POOL COVER TERRACE ,COVER ENTRY,4 COVER BALCONY,BRICK PAVERS ,MAIDS QUATERS KEYSTONE TILE PATIO, 6/AC CENTRAL,AND MORE Condition of the improvements, depreciation {physical, functional, and external, repairs needed, quality of constuction, rumodeling/sddivons, stc.: IN VERY GOOD CONDITION,NO REPAIRS OR DEFERRED MAINTENANCE NOTED.SUBJECT IS IN DESIRABLE NEIGHBORHOOD ,MARKET CONDITIONS APPEAR VERY GOOD AS THERE IS STRONG DEMAND FOR HOUSING IN THE MORE AFFORDABLE VALUE RANGE.PROPERTIES ARE SCARCE IN THE AREA Advarsa environmental conditians (such a, but not limited to, hiazardous wastes, toxic substances, aic.} prasant in the imptovemanis, cn tha sila, of in the Immediate vicinity of the subject property: NO ADVERSE ENVIRONMENTAL CONDITIONS WERE NOTED ,HOWEVER, THE APPRAISER IS NOT AN EXPERT IN THIS FIELD AND AN INSPECTION BY A QUALIFIED ENVIRONMENTAL SPECIALIST TS RECOMMENDED . MES, a Divinen of ACI Development (B00) 697-7763 Page ior2 Feria Mae Form 1004 6-03 teddia Mec Form 70 6-93 ~ CouR wuaeirez, Jr, UNIF, .M RESIDENTIAL APPRAISAL REI 2T Fila No, 25779 4 SoS FFORCH . = 8 2,600,000 | Comments on Cost Appreach [such as source of cost estimate, site value, square foot calculation and for HUD, VA, and FmHA, the estimated remaining economic fife of ESTIMATED SITE VALUE....-...-.---.....-2200- STIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: 7,936 Sq.Ft. @3___200.00 = § 1,587,200 Dwelling 10/NGT/DR _6/AC sq. Ft, @ $ SEC/ALARM = the property): 59 POOL,APILC, LANDSC, FOUNTAIN, FIRE/PL = 400,000 NOTE:COST APPROACH BASED ON THE | Garage/Barport 1116 Sq.Ft. @ $ 45.00 = 50,220 CURRENT'MARSHALL & MARSHALL & SWIFT’ Total Estimated Cost New .............-04. = % 2,037,420 COST VALUATION GUIDE. Physical | Functional | External VERY_GOOD , QUALITY :EXCELENT$200.56X1.01 Less 1% X_1.99=$198.23 Depreciation 20,988 =9 20,988 GARAGE$ 38. 23X21 .01X.99=$44.36 Depreciated Value of improvements ................- = $ 2,016,432 _ **As-is" Value of Site lmprovements............ oe 3 400,000/ APPLIANCES $8,000 INDICATED VALUE BY COST APPROACH w= $ 5,016,432] [FF]SEE ATTACHED FLOOR PLAN. i ITEM SUBJECT. COMPARABLE NO. 1 730 BARIA VISTA 21 TANITI ISLE DR 6979 SUNRISE DR 550 ARVIDA PKWY AatersCORAL GABLES FLORIDA {CORAL GABLES FLORIDA |CORAL GABLES FLORIDA: |CORAL GABLES FLORIDA | Proximity to Subject +] SAME /ISLE/2/BLOCK NEXT/ISLE/NORTH NEXT/ISLE/SOUTH Sales Price N/A : 14,200,000 ere a 500,000 noi |s5,025,000 Prico/Gioes Liv. Avo ¢ 13475.76 rill 3835.38 fle = 668.93 . Data andlor MLS/ISC/REDI {Mus/ISC/REDI MLS/ISC/REDI MLS/ISC/REDI Varitication Sowces_| INSPECTION INSPECTION INSPECTION INSPECTION. VALUE ADJUSTMENTS: DESCRIPTION DESCRIPTION +{-)$ Adjustment DESCHIPTION + 1-13 Adjustment DESCRIPTION $t)S Adustment Salas o¢ Financing en =" '5400,000.00 NONE/STATED $5,300,000 Conesssiona host CON N/A jo Con ate of Sala/Time ye 105-2000 03-2000 05-2000 Location VERY /GOOD VERY/GOOD NO/ADI | VERY/GOOD NO/ADJ}VERY/GOOD NO/ADJ LoawholdiFes Simple _|Fea Simple Fee Simple NO/ADI|Fee Simple no/api|Fee Simple NO/ADT Sire 44,033 sorr |29,398 so Fy |+420,000|44,308S0FT -8,000[44,311S0FT -8,000 vow BAY/RESIDENTI |BAY/RESIDENTI | NO/ADI|OCEAN/FRONT | -700,,000{RAY/RESIDENTI |__NO/ADI Design amt Appeat 2/sTORY/Goop_|2/sToRY/GooD NO/ADJ | 2/sTORY/GOOD NO/ADJ|2/sToRY/GooD_| _NO/ADZ uslty of Consturiion | CBS/VERY/GOOD |CBS/VERY/GO0D | __NO/ADJ|CBS/VERY/GOOD | _NO/ADI|cBS/VERY/GooD |__NO/aDg Age A(B/E/1 A/9/E/2 NO/ADI|A/5/E/1_ NO/ADJ|A/29/10 +27,000 Condinon VERY /GOoD VERY /GOOD NO/ADZ NO/ADT. Above Grade. Yoral_| Rarms | Batis | Totat (o Soths Room Count 15 6 16 1.5 | -4,500 No/ADT 72,000 | Grows Living bee 7,938 So.ft.[8,828 * $q.ft| -89,000/8,978 Sq. rt] -104,400/7,512 Sqft] +42, 600 None | Beuement & Finished == | None , |_flooms Oeiow Grade None None None None _ Funetlonal Usty VERY /GOOD VERY /G00D NO/ADJ | VERY /GOOD NO/ADI| GOOD, NO/ADI teatingoating 6/CEN'TRAL/AC Z. NO/ADI]4/CENTRAL/AC foouy ficient tame | S/TILE/ROOF | S/TILE/ROOF | __NO/ADI|S/TILE/ROOF |_Fance, Pool, ete. POOL/ JACUZZI rout JACUZZI NO/ADI OTHERS 4/BALCONT $36,000 Tear ce = 423,500) Hot Adi, ftote Adjutted Sales Pica ee | a€ Comparable Pe A 1,623,500 ‘Grom 124%, Ye 6,568,600). Grote if 3.5% © {] Cammanta an Sales Comparleon (including tha sublect poperty's compatibility ta the neighborhood, ate.t None None |2/CENTRA/AC +28, 000/5/CENTRAL/AC s TILE/ROOF |} Gnrage/Ceport 3/CAR/GOOD 2/CAR/GARAGE +8, 000 | 6/CAR/GARAGE. Porch, Patio, Deck, Cov/PAT1OGOON |COV/PATIO/ NO/ADI DOCK/WOOD | ate. ONEMARBLEGOOD | NONE +25,000/TENNIS/CTS “roplace, THE SUBJECT 1 PROPERTY IS SIMILAR TO ALL THREE COMPARABLE CLOSED SALES WHICH WERE CAREFULLY SELECTED AFTER AN EXYENSIVE SEARCH IN AND OUT OF THE SUBJECT'S NEIGHBORHOOD. THIS SEARCH CONSISTED OF ANALYZING NUMEROUS CLOSED SALES AND NARROWING THIS LIST DOWN TO THE THREE MOST SIMTLAR.MARKET GRID HAS CORRELATED TO MIDDLE. RANGE$S, 000,000.00 *THE PRIOR SALES OF COMPARABLES OR SUBJECT NOT REFLECT THE CURRENT MARKET of VALUE, THE CURRENT MARKET VALUE ARE THE MOST RECENT SALES. JTEM | SUBJECT COMPARABLE NQ,_1 COMPARABLE NO, 2 COMPARARLE NO. 3 Date, Price and Oa | 09-2000 NO PREVIOUS SALES IN |NO PREVIOUS SALES IN /NO PREVIOUS SALES IN Source tor pier wee | $2,750,000.00/PAST 12 MONTHS PAST 12 MONTHS. PAST 12 MONTHS. - within yew at apprsisal | (TRUST) I8C/MLS/RECORDS ISC/MLS/RECORDS ISC/MLS/RECORDS Analysis of any cusrent agraament of sale, option, or listing of the subject property and analysis of any ptior asies of subject and comparables within ona yaar of the dele of apzraizal: THE SUBJECT IS NOT UNDER CONTRACT, THIS REPORT IS A SUMMARY REPORT,AS DEFINE BY THE APPRAISAL STANDARDS BOARD OF THE APPRAISAL, FOUNDATION AND IT COMPLY WITH USPAP. $5,000.000. $ [T sutinet 10 coreoetion pr plone and specitications, INDICATED VALUE BY SALES COMPARISON APPROACH ........ INDICATED VALUE BY INCOME APPROACII 11 Applicable) Estimated Market ttont_ 3 N/A The eppreiaat is made “as is" subject lo the rnpairs, alterations, inspections of conditions listed below Conditions of Anoraicat:AG CERTIFIED, LIMITED AND CONDITIONED HEREIN AND ON ATTACHED. ADJUSTMENTS NOT NECESSARILY ACTUAL COST OF ITEM BUT A CONTRIBUTION TO VALUE FROM MARKET DATE. Final Reconciliation ‘WITH THE COST APPROACH BEING A STRONG SUPPORTIVE INDICATOR OF VALUE WE WOULD USE THE MARKET APPROACH AS THE MOST RELIABLE APPROACH TO VALUE.THE INCOME ANALYSIS IS NOT APPLICABLE AS {MOST HOMES IN THIS AREA ARE OWNER OCCUPIED AND RENTAL INFORMATION IS LIMITED. CONCILIATION ‘The purpose of this appraisal it to watimace the market valus of the real property that is the subject of this ceport, based on the abows conditions and the ‘wtticnion, contingent and timiting conditions, and market value definition that are stated in tive wttachad Freddie Mac Form 439/Fannia Mas Form 10043 (Revised 6-93 L Pa { {WE} ESTIMATE THE MARKET-VALUE, AS DEFINED, OF THE REAL PROFERTY TPAY IS THE SUB : le rnac om DATE OF IFISPECTION AND THI cE OF TI TOBE $ 5,000 600. SurERVISO i com ™ Signetwe [x] ois J oid not Name MIGUEL LOPEZ tame EELE (napect Property Data oport Signed 10-23-2000 Dave Report Sig Stata Certtication # STRAAPPR si EL State Cartiieagon # STE, CERT, GEN, APPR, suse FL Or State cons ¢ RI#0005821 FL eticenss ¢ RZH0000038 FL MCS, a Givision of ACI Development (200) 687-7753 Page 20f2 Fann Mea Fore 1004 6-53 “Troddia Mac Form 70 6-33 \ = — ALES COMPARISON ANALYSIS a dollar adi Tr pwoperoay mast prruiat ane pOvimala to eubject and haz considerad shese in t-" market analysis. The description includ othean wseauon berwean the subject and comparable propertos. [Pa significant «lem in tha comparable property 's Repti! My a significant stern in the comparable is inferior tO, ‘Tha undersigned has recited Lhe raflacting market raction te tho: Fea Tubaect property, a minus (7) adjustment is mada, thus reducing Ine wéicated valve of subjct: thes increasing the indicalad vaiue of the subject, 1 mara iavorable or teas lavorable than, the subject Droperty, a plus i+ saestnent ~ ITEM. SUBJECT COMPARABLE.NO. 4 COMPARABLE NO, COMPARABLE NO, ¥.| 730 BAHIA VISTA 7333 BAHIA VISTA agua CORAL GABLES FLORIDA _|CORAL GABLES , FLORIDA Provinity re Subiest | “i. | SAME/BLOCK Sales Price 3 me i{e5 555,600 a Te Price/Gross tiv. Aes |4 falls [ra eae ls eae TAL: Data andier Isc/ INSP Isc/INSP I Veriiention Soveee VALUE ADJUSTMENTS. DESCRIPTION DESCHIPTION be {}s Adprstment DESCRIPTION. +413 Adjuzimons| DESCRIPTION, +L} Adpmtment tA} | Sater or Financing : " VR Caneaasiona Py, | paw otsenrrice 04-2000 ef} Locatton LAND/ONLY a | Z| Lersshoiaseve sirnpin Lo sive 44,033SQFT | 62,051SQFT | | view. | pesign and Appest 2 Quelty of Conseucton LAND/ONLY et | se LAND/ONLY | 2" | condition LAND /ONLY | E=.| Above Grade Form | Qeema | Baths} Total | Bdems | Ratha torat_| Bama | Baths Jutal_|_Bdins } Barna Q Room Count E _t oH :| Gross tiving Avan Saft. Saft 3a.f Sq.Ft. £2 T oasement & Fished Mt'| Roan Catow Cade I < Funetionul Utility, i | Heating/Cooling —| ‘{_Enevay EMiclent rams _-Gusae(Curott } — | Porch, Patio, Duck, Frreploce(s), etc. Fonce, Pool, eit. ; a — selon -— - —_— Not Adi. {totall a nae + ois is + [j-ls Adjusted Seles Price on . Hat... 0.0% ne " : ras ‘of Comparable: t Grows 0.0% |, 5 555 600 7 a ica and Data Source for prior ‘within yaw of appraisal i Additional Commants: ‘ * SEE PICTURE, PREVIOUS SALES CONSISTED IN LAND ONLY DATE 04-2000 $5,555, 600.00 ie Ve ' MCS Form UAC MCS, a Divislon af ACI Development {000} 827-7783 Y? SKF" CH/AREA TABLE ADDENSUM B property Address 730 BAHIA VISTA County DADE State FL Zip_33143 City CORAL GABLES Borrower ALFREDO MURCIANO Lender/Client SW 8 ST. #218 MIAMI, FL 33144 Appraiser Name MIGUEL LOPEZ S.R.AARIO05824 wdoy Burry eyeuuayoy = Cover Terrace Family Room Living Room 19.0° go 19.0" | - 19.0" Bale: 3-2 |e 400 |B * Keystone Tiled Patio-& 3 Steps} ~ a A= _ciDS6.0" : v = " - 24.0° Breakfast 32.0 8924148] JBAOD So so Maids Quarters 43.0 EB ye Comments: NOTE: THIS APPRAISER 1S NOT A SURVEYOR, ALL DIMENSIONS ARE APPROXIMATE AND ARE " FOR VISUAL AID ONLY, CONTINGENT & LIMITING CONDITIONS ARE ATTACHED TO THIS APPRAISAL AND INCLUDED AS INTEGRAL PART OF THIS REPORT. Scale; t #23 AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN Code Description Size Totals Breakdown Subtotals GLAL Firat Floox 4372.00 First Floor MAIDS QUARTERS 494,00 4865.00 2.0 x 14.0 28.00 B/P BALCONT 493.00 4.0 2 24.0 96.00 COVER BALCONY 60.00 2.0 x 6.0 _ 12.00 WRAP AROUND BALCONY 1616.00 f) 3.2 x ao 7.33 Cool Dock 1829.44 0.8 0.3 x 0.2 0.04 TilePatio 6 3 Step 7159.00 0.5 3.2 x 4.0 7.70 Cover Terrace 216.00 Oa x 4.8 1.93 Cover Entxy 390.00 5363.44 7.0 x 49.0 343.00 GAR 3 CAR GARAGE 1116.00 4116.00 7.0 x 55.0 385.00 ore BRICK PAVERS 1311.12 6.0 x 14.0 44.00 PARKING BRICK PAVERS 715.00 2026.12 0.5 = 3.x 4.9 7.33 O.5 x O.3 x 0.2 0.04 05x 3.2 x= 4.0 7.70 O.g x 4.2 1.93 4.0 x 49.0 196.00 13.0 « 21.0 273.00 i 12.0 x 52.0 624.00 3.0 x 40.0 90.00 20.0 x 48.0 $60.00 29.0 x 43.0 1247.00 MAIDS QUARTERS 19.0 x 26.0 494.00 TOTAL LIVABLE (sounded) A866 | 21 Areas Total (rounded) 4866 Page 10f2 Neos 100-n Apex APEX SOFTWARE 00-45-0058, SAS WCr/AREA ABLE ABDoWw UWI Property Address 730 BAHIA VISTA City CORAL GABLES County DADE State FL Zip 33143 Borrower ALFREDO MURGIANO: Lender/Ctient ; ‘Appraiser Name MIGUEL LOPEZ S.R.AARI00S821 ‘Appr Address 7175 SW 8 ST. #218 MIAMI, FL_33144 19.0° Balcony Bedroom 45.0° Open Area Balcony View to Family Room = 28.0' 2 Story Terrace , Balcony 41.0" Master Bedroom Bedroom .0'Se (]Wet Bar Bath i) View of Living Room Bedroom Open Areas 5". IMPROVEMENTS SKETCH. OFF Comments: NOTE: THIS APPRAVSER 1S NOT A SURVEYOR, ALL DIMENSIONS ARE APPROXIMATE AND ARE * FOR VISUAL AID ONLY. CONTINGENT & LIMITING CONDITIONS ARE ATTACHED TO THIS APPRAISAL AND INCLUDED AS INTEGRAL PART OF THIS REPORT. Seale: 1215 AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN Code Description Siza Totals Braskdown Subtotals Gua2 Sacond Floor 3072.00 3072.00 | secona Floor Be Balcony to Covor Tex 16.56 10,0 « 33.0 330.00 - Ralcony to Pool 32.81 4.0 x 29.0 2116.00 Balcony to Garden 47,52 5.0 x 15.0 75.00 Baloony Patio/ Pool 228.00 322.89 13.0 x 97.0 1261.00 org Open Area to Family 308.00 308.00 19.0 x 32.9 608.00 11.0 x 20.0 220.00 11.0 x 42.0 462.00 | ft i } ! 1 | { { } i H { { ' i ! H if ! t TOTAL LIVABLE (rounded) 3072 7 Aseas Total (rounded) 3072 } age 2 of 2 ‘APEX SOPHIA 2O0-8SE PSE Aee100~ Apel SKY CHIAREA TABLE ADDEN*UI | Property Address 730 BAHIA VISTA City CORAL GABLES Borrower ALFREDO MURCIANO Lender/Client Appraiser Name MIGUEL LOPEZ S.R.AARIOOSE21 County DADE Stale FL Zip 33143 J Appr Address 7175 SW 8 ST. 8218 MIAMI, FL 33144 This Sketch is comprise of 2 pages. The first floorhas a total of 4,866 Sq. Ft. The 2nd page , 2nd story has a total of 3,072 SQ. Ft. Total of living areas is: 7,936. Sq. Ft Comments: NOTE: THIS APPRAISER IS NOT A SURVEYOR, ALL DIMENSIONS ARE APPROXIMATE AND ARE + FOR VISUAL AID ONLY. CONTINGENT & LIMITING CONDITIONS ARE ATTACHED TO THIS APPRAISAL AND INCLUDED AS INTEGRAL PART OF THIS REPORT. 1240 AREA. BREAKDOWN. : Breakdawa #2: 2 "AREA ‘CALCULATIONS. SUMMARY. Gode, Description! 2 Stee): Totals ABEX SOFTWARE 600-854-0958 Borrower/Client ALFREDO MURCIANO __ Property Address 730 BAHIA VISTA ; City CORAL_GABLES County DADE State FL Zip Code 33143 - Lender _ Section 1 SCOPE OF THE APPRAISAL HIGHEST AND BEST USE The Highest and Best Use of a site is that reasonable and probable use that supports the highest present value,as defined,as of the effective date of the appraisal. For improvements to represent the highest and best use of site,they must be legally permitted,be financially feasible,be physically possible and provide more profit than any other use of the site would generate. ADDITIONAL FEATURES The appraised value includes only those items of equipments that are cansidered part of the subject property.Personal property was not included. CONDITION OF IMPROVEMENTS Any opinion expressed in this appraisal pretraining to the condition of the appraised property's or comparable property's components,is based on observations made at the time of inspection. They rely on visual indicators as well as reasonable expectations as to adequacy and are dictated by neighborhood standards relative to marketability. These observations do not constitute certifications of condition,including roof or termite problems, which may exist,|F certification is required,a properly licensed or qualified individual should be consulted. ADVERSE ENVIRONMENTAL CONDITIONS RANDON GAS: Randon is a naturally occurring radioactive gas that,when it has accumulated in a building in sufficient quantities, may present health risks tp persons who are exposed to it over time.Levels of randon that exceed federal and state guidelines have been found in buildings in florida.Additiona! information regarding radon testing may be obtained from your county public health unit. COMMENTS ON SALES COMPARISON The subject property is similar to all three comparable closed sales which were carefully selected after an extensive search in and out of the subject's neighborhood. This search consisted of analyzing numerous closed sales and narrowing this list down to the three similar.After close evaluation of the three comparable sales utilized,equal consideration was given to ail three sales in arriving at a market value estimated. ‘CONDITIONS OF APPRAISAL LIVING AREA: This appraisal uses actual living area in the market analysis for both the subject and comparable sales properties. MCS, 4 Division of ACI Ovvolopment (800) 697-7763 MCS Form FHE Borrewer/Client ALFREDO MURCIANO Property Address 730 BAHIA VISTA City CORAL GABLES > Lender County DADE State FL __ Zip Code 33143 FINAL RECONCILIATION Final reliance is given to the market data approach due to the reliability of market data and represents the motives of the typical purchaser, The cost approach although not as accurate,supports value.Income approach is not applicable. | MCS Form FHE MCS, a Divizion of AC! Devatopment {800} 697-7783 LOCATION SCKETCH. Coral Gables. | Florida, S Prasp E Sunrise Av Moringside or : [6972 [e079 SURR Edgewater Dr- 7333 BAHIA VISTA ‘sw adtn’St. | swear St “Casuarina Concourse . Omi O2 04 08 a8 : nts in aS “ F eg Cami; S ef RG IA ee : : alkoy West FE Straits af - Havana, ‘Sagua la - Grande PROVINCIA 7% . MATANZAS + Nueva Gerona o Ozilain . . . a Clego de i Gonzdier,: 7 ae sala WUCATAN moaned * 4 Atfantic . Puerto Pet vidlacoia Morelos eee Tum . Oc 2 aan SQUINTANA —. Peib5 Sean Sea ROD : ' * George Town Copyright 8 1988 2000 Micrasall Corp, andlor suppies Ail glia reserved Rip asa riirasalt comiSreela © Copyright 1999 by Geographic Data Technolugy, inc. All rights reserved © 1289 Navigation Technologies. All righls reserved. Om Pushpins %$ My Pushpins Canadian authoutes © Her Majesty the Queen in Right of Canada. © Copynyht 1999 by Compuseorch Micromarketing Dala and Systems { td. This duta inciudas information taken with permission from Page 1 - EXTERIOR OF SUBJECT Borrower/Client__ ALFREDO MURCIANO File No - Property Address__730 BAHIA VISTA City, CORAL GABLES__County DADE State__ FL_ ZipCode___ 33143 SUBJECT PROPERTY FRONT VIEW SUBJECT PROPERTY REAR VIEW SUBJECT PROPERTY STREET VIEW EXTERIOR OF SUBJMCT Borrower/Clicnt__ ALFREDO MURCIANO File No . Property Address__730 BAHIA VISTA City CORAL GABLES___County. DADE State FL___ ZipCode. 33143 MAIDS QUATERS EAST COURT PATIO BACK DOORS TOLIVING ROOM GARDEN FOUNTAIN fy EXTERIOR OF SUBJS&CT Borrower/Clicnt___ALFREDO MURCIANO File No q. Property Address __730 BAHIA VISTA City, CORAL GABLES___County. DADE State FL___ZipCode 33143 FIREPLACE IN LIVING ROOM STAIRCASE TO BEDROOMS GREAT ROOM WITH POOL VIEW COMPARABLE SALES § Borrower/Clicat ALFREDO MURCIANO File No - Property Address 730 BAHIA VISTA. City. CORAL GABLES County_DADE__ State_ FL. ZipCode 33143 COMPARABLE #1 COMPARABLE #2 COMPARABLE #3 COMPARABLE SALES Borrower/Clicnt ALFREDO MURCIANO File No - Property Address 730 BAHIA ViSTA City. CORAL GABLES County_ DADE__ State_ FL ZipCode___33143 COMPARABLE #4 STATE OF FLORIDA MAP * Meulrig® = Quitman, Clearwater, ole aReia Tifton 992u8 A ayes co AL gts ee J Vacosr gStarket.< 67, Augustine "5 &Palm Coast = %_Ormend Beach Spnng Hilt, stand i < Oe aipa sol. Pam Boy: — 1 Lg SNe Seba Port SU di ‘arcadia Lucie =u Sarasota jo. Arcadia Se Sy: Venice ‘UNITED: oh West Palm: ~ 2 SUBJECT. ° - s a Cape Coral TXOBAHIA VISTA . - gi Naples >< ~ 4 TATES Pham ? port (Lauderdale. wo 7 Pacific Oceair ene RUSSIA Mexico City” Copyright © 1988-2000 Microsoft Caip. and/or sis suppliers © Capyright 1099 by Geographic Data Technology, inc, Alt ng Canadian authotiles © Her Majesty the Queen in Right of Canada Ailnighis teservea. itp iweew microsont com/Stests ts wesmrved. © 1999 Navigation Technologies. All nghts reserved This date inclu, Nassau —= x = x Omi 100 200 300 Pushpins % My Pushpins- Adantic Cicean grew? yo! Oltawa ° Washington, [ea @ 1 Hakanays “ a & Kingston” © Copynght 1999 by Compussacch Micromarketng Dal and Systems Lid. 4s information taken wth permission ftom Page 1 [pu _ 1 OHA Wuuetecs Ue Filo No, 25779 ooeeee—e—e—= aoa a—aom™manq9]9 The most probable price which a property should bring in a competitive anc open market the buyer and seller, zach acting prudently, knowledgeably and assuming the price is not tion is the consummation of a sale as of a specified date and the passing of title from vated; (2) both parties are well informed or well advised, me is allowed for exposure in the opan market; {4} pay- and {5) the price represents granted by anyone as- DEFINITION OF MARKET VALUE: under all conditions requisite to a fair sale, affected by undue stimulus. Implicit in this defini ~ galler to buyer under conditions whereby: (1) buyer and seller are typically moti acting in what he considers his own best interest; (3) a reasonable ti Jlars or in terms of financial arrangements comparabie thereto; d by special ar creative financing or sales concessions” and eac! ment is made in terms of cash in U. S. do! the normal consideration for the property sold unaffecte: sociatad with the sale. tive financing of sales concessions. No adjusiments are necessary » Adjustments to the comparables must be made for special or crea ‘adition or law in a market area; these costs are readily identifiable for those costs which are normally paid by sellers as a result of tr since the seller pays these costs in virtually all sales transactions, Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already invoived in the property of transaction. Any adjustment should not be calculated on a mechanical doliar for dollar cost of the financing or concession, y adjustment should approximate the market's reaction to the financing or concessions based on the app- but the dollar amount of an taiger's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION er's certification that appears in the appraisal report is subject to CONTINGENT AND LIMITING CONDITIONS: The apprais' the follawing conditions: that affect either the property being appraised or the title to it. The of a legal nature The property is app- 1. The appraiser will not be responsible for matters bia and, therefore, will not render any opinions about the tite. appraiser assumes that the title is good and marketal taised on the basis of it being under responsible ownership. provements, and the sketch is ed a sketch in the appraisal report to show approximate dimensions of the i 2. The appraiser has provid li2ing the property and understanding the appraiser's determination of its sizo. included only to assist the reader of the report in visual Federai Emergency Managoment Agency (or other data he available flood maps that are provided by the in an identified Special Flood Hazard Area. Because ject site is locatad ir express or implied, regarding this datormination. 3. The appraiser has axamined sources) and has noted in the appraisal report whother the subj the appraiser is not a surveyor, he or she makes no guarantees, 4, The appraiser will not give testimony or appear in court because he or she mado an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, proach at its highest and best uso and the improvernents at their con- land in the cost ap y other appraisal and 5, The appraisar has astimated the value of the land and improvemants must not ba used in conjunction with an wibutory value, These separate valuations of tha aro invalid if they are so used. necded repairs, depreciation, the prasance of hazar- din the appraisal report any adverse conditions (such as, ‘ty of that he or she became aware of during inspection of the subject proper’ Unless otherwise stated in the appraisal report, the appraiser has no know- \dverse environmental conditions lincluding the presence of hazardous and has assumed that there are no such conditions G. The appraiser has note dous westes, toxic substances, atc.) observed during the the normal research involved in performing the appraisal. ledge of any hidden of unapparent conditions of the property or a wastes, toxic substances, otc.) that would make the property more or fess valuable, and makes no guarantees or warranties, express OF implied, regarding the condition of the property. The appraiser will not be raspcn- ‘onditions that do exist of for any engineering or testing that might be required tu discover whather such conditions ‘ sible for any such c al hazards, the appraisal report must not be considerad as an exist, Because the appraiser is not an expert in the field of environment environmental assessment of the property. sed in the appraisal report from sources that he or me responeibility for the accuracy of pstimates, and opinions that were expres: 7. The appraiser obtained the information, The appraiser does not assul she considers to be reliable and believes them to be true and correct. such items that were furnishad by other parties. 8. The appraiser will not disclose the contents of the’ appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. , port and valuation conclusion for an appraisal that is subject to satisfactory comp- 9. Tha appraiser has based his or her appraisal re completion of the improvements will be performed in a workmanlike manner. lation, repairs, or alterations on the assumption that ¢ cfore the lander/client specified in the appraisal report can distribute 10. The appraiser must provide his or her ptior written consent b the appraiser's identity and professional designations, and the appraisal report {including conclusions about the property value, fences to any professional appraisal organizations or the firm with which the appraiser is associated) to anyone othar than the the mortgage insurer; consultants; professional appraisal organizations; any ‘or instrumentality of the United States or any state or the ption section of the report only to data collection or The appraiser's written consent and approval must public relations, news, sales, or rote borrower; the mortgagee or its successors and assigns; state or federally approved financial institution; or any department, agency, District of Columbia; except that the lender/cliont may distribute the property descri reporting service(s) without having to obtain the appraiser's prior writtan consent. also be obtained before the appraisal can be conveyed by anyone to the public through advertising, other media. | MCS Form LCs Page Vol Z Fannie Mae Forn 10048 6-93 '¢ Division of AC! Oevelapment {800} 997-7783 Freddia Mac Form 439 6 93 a ” APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: selected a minimum of three recent sales of properties me: he sales comparison analysis and have made @ dollar adjustmet If a significant item in a comparable property is super- t to reduce the adjusted sales price of the comp- { have mada a pos- st similar and 4. Phave researched the subject market ares and hava nt when * proximate to the subject property for consideratian in tt appropriate to reflect the market reaction to those items of significant variation. ior to, of more favorable than, the subject property, [have made a negative adjustment arable, and if a significant item in a comparable property is inferior to, or less favorable than the subject property, itive adjustment to increase the adjusted sales price of the comparable, actors that have an impact on value in my development of the estimate of market value in the 2.1 hava taken inte consideration the f andi believe, to the best of my | have not knowingly withheld any significant information from the appraisal report, appraisal report. '@ true and correct. knowledge, that all statements and information in the appraisal report ar he appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are sub- 3. | stated in t form. . ject only to the contingent and limiting conditions specified in this hat is the subject to this report, and I have no present or prospective per- transaction. | did not basa, aither partially or compietely, my analysis status, or national origin 4.1 have no present or prospective interest in the property sonal interest or bias with respect to the participants in the and/or the estimate of market value in the appraisal report on the race, of aither tha prospective owners of occupants of the subject property or of the pre: color, religion, sex, handicap, fami sent owners of occupants of the properties in the vicinity of the subject property. 5. have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6.1 was not required to report a pradetermined value or direction in value that favors the cause of the client of any reiatad party, the amount of the value estimate, the attainment of a specific result, ar the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. | did not base the appraisal report on a requestad minimum valuation, a spaciic valuation, or the need to approve a specific mortgage ‘oan. Standards of Professional Appraisal Practice that ware adopted and pro- mulgated by tha Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of thase Standards, which does not apply. | acknowledge that an estimate of a reason- able time for exposure in the open market is 2 condition in the definition of market value and the estimate | developed is consistent with the marketing time noted in tha noighborhood section of this report, unless | have otherwise stated in the reconciliation section. 7. | performed this appraisal in conformity with the Uniform ‘vas of the subject praperty and the exterior of all properties listed as compar- ables in the appraisal report. | further certify that | have noted any apparent or known adverse conditions in the subject improvements, on the subjact site,or on any site within the immediate vicinity of the subject property of which | am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that } had market evidence to support them, | hava also commented about the effect of the adverse conditions on the marketability of the subject property. 8. | have personally inspected the interior and exterior ar: ‘ons about the real ostate that were set forth in the appraisal report. if | relied on sig- | of individuals in the performance of the appraisal or the proparation of tho appraisal d by them in the reconciliation section of this appraisal I have nat authorized anyone to make a change to any | will take no responsibility for it. 9. [personally prepared all conclusions and opini "nificant professional assistance from any individual report, | have named such individual(s) and disclosed tho specific tasks performe report, | certify that any individual so named is qualified to parform the tasks. item in the report; therefore, if an unauthorized change is made to the appraisal report, If a supervisory appraiser signed the appraiser report, he or she certifies the appraisal report, have reviewed tha appraisal report, agree with Certifications numberad 4 through 7 above, and SUPERVISORY APPRAISER'S CERTIFICATION: and agrees that: | directly supervise the appraiser who prepared the statements and conclusions of the appraiser, agree to be bound by the Appraiser's am taking full responsibility for the appraisal and the appraisal report. 730 BAHIA VISTA CORAL GABLES , FLORID: 33143 | ADDRESS OF PROPERTY APPRAISED: Signaturd: _— Name: MIGUEL LOBEZ Date Signed: 20-23-2000 State Certification No.: STRAA State CertifiCation No.: STE,CBRT, GEN APPR. of State License No.: RifO00592t or State License No.: RZ#O000038 State: FL. State: FL . Expiration Date of Certification or License: NOV, 30,2000 Expiration Date of Certification or License: NOV, 30,2000 im cid EX] Did Not inspoct the Proporty | MCS form LCS Poge Zof 2 Fannie Mao Form 16048 0-33 Freddia Mac Form 439 6-93 MCS! 4 Diesion of ACI Developmant (200) 697-7783 Felix Gutierrez, Jr. QUALIFICATIONS OF APPRAISER APPRAISED REAL ESTATE PROPERTIES AND HAVE BEEN ACCEPTED BY: MIGUEL LOPEZ S.R.A.A.#R1-0005821 FIRST UNION BANK-622 SW _27 AVE MIAMI FLORIDA NATIONS CREDIY-7921 SW 40 ST MIAMI FLORIDA 33155 FINANCIAL GROUP-1160 N KENDALL DR MIAMI FLORIDA 33175 MIAN DADE MORTGAGE-956 SW 82 AVE MIAMI FLORIDA 33144 EASTER CAPITAL BANK 1390 NE 162 ST.MIAMI FLORIDA < APPROVED APPRAISER ASSIGNED RICHARD A ZADOROZNT PRESIDENT EXECUTIVE MORTGAGE BANKERS 8900 SW 8 ST MIAMI FLORIDA 33118 UNITED MORTGAGE BANKERS 8410 W FLAGLER MIAMI FL 33144 NAPLES REALTY 20 14 SANTA BARBARA BLVD NAPLES FL 34116 PEMBROKE FALLS REALTY 2250 NW 136 AVE PEMBROKE PINES,FLORIDA 33028 CENTURY 21 ROSE REALTY WEST 5556 S FLAMINGO RD COOPER CITY FL 33330 UNLIMITED MORTGAGE 10766 SW 24 ST MIAMI FLORIDA 33165 E.R.A. FAUST REALTY 4959 GOLDEN GATE NAPLES FL 341 16 CREATIVE MORTGAGE GROUP 2706 HOSESHEE DR SUITE 216 NAPLES FL 34104 MAYENS& ASSOCIATES 2500 SW 107 AVE MIAMI FL 33165 ACTION MORTGAGE 8324 SW 8 ST MIAMI FL 33144 NATIONAL LENDING CENTER 700 W HILLSBORO BLV_B1 #204 DEERFIEL FL33441 THE FORCE GROUP MORTGAGE INVESTMENT 15165 NW 77 AVE MIAMI LAKES NATIONAL BANK OF SOUTH FLORIDA 7920 W FLAGLER MIAMI FL 33126 FIRST NATIONAL BANK OF HIALEAH HIALEAH FLORIDA E'HOME LOANS 5881 SW 149 CTMIAMI FL 33155 NATION'S REALTY GROUP INC 7805 sw 24 ST SUITE 216 MIAMI FL 33155 CIT] FINANCIAL 130 S UNIVERSITY DR PEMBROKE PINES FL 33025 HORIZON BANK <-APPROVED APPRAISER ASSIGNED* LORRAINE GLODIS UNDERWRITER 1851 NW 125 AVE SUITE 100 FL 33028 : ‘ reux WUlereZ, ur. (— f | QUALIFICATIONS OF APPRAISER CONT. INTERNATIONAL FINANCIAL SERVICES 6301 BISCAYNE BLVD §200 MIAMI 33138 T.A.B MORTGAGE CORP 1759 N Andrew SQUARE FORT LAUDERDALE FI.33311 MID_AMERICA FUNDING CORP 4801 S UNIVERSITY DR #200 DAVIE FL 33328 COUNTRY HOME MORTGAGE 10274 NW ST SUNRISE FL 33351 CURBECO PROPERTY INVESTMENTS 215 N 31 CT HOLLYWOOD FL 33021 COASTAL MORTGAGE & FINANCIAL SERVICES INC. 6200 Johnson ST HOLLYWOOD,FLORIDA 33024 305-3771152 FX 1954 985 0606 (Le JUCPURE TARE BY MIGUET S1Aey RL-0005821 DATE OF PICTURE 05-03-2002 f.Pnt APOE PART BY SIGUEL LOVEZ SGReg Assist, REA RE DNHSR21 DATE OF PICTURE 05-03-2002 1.PM _~

Docket for Case No: 03-003801PL
Source:  Florida - Division of Administrative Hearings

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer