lan PSOE STATE OF FLORIDA DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION | FLORIDA REAL ESTATE APPRAISAL BOARD Sea FLORIDA DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION, DIVISION OF REAL ESTATE, Petitioner, V. CASE NO. 2001500837 ELSA G. CARTAYA, Respondent. / ADMINISTRATIVE COMPLAINT The Florida Department of Business & Professional Regulation, Division of Real Estate ("Petitioner") files this Administrative Complaint against Elsa G. Cartaya (“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 Elsa G. Cartaya is currently a Florida state-certified residential real estate appraiser having been issued license RD2343 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 residential real estate appraiser at 2121 SW 83 Avenue, Miami, Florida 33155. FDBPR v. Elsa G. Cartaya Case No. 2001500837 Administrative Complaint 4. Marisel Ross is currently a Florida state-registered real estate appraiser having been issued license R16287 in accordance with Chapter 475 Part Il of the Florida Statutes. The last license the State issued to Ross was as a state-registered real estate appraiser at Frank Escalona, 15292 SW 46 Lane Unit C, Miami, Florida 33185. 5. Respondent developed and communicated an appraisal report (Report) for the property commonly known as 930 E. 9 Place, Hialeah, Florida 33010. A copy of the report is attached hereto and incorporated herein as Administrative Complaint Exhibit 1. 6. On the Report, Respondent represents that: a. she signed it on July 27, 2000, b. the Report is effective as of July 27, 2000. 7. Onor about October 26, 2001, Respondent provided a “Report History” to Petitioner’s investigator. A copy of the report history is attached hereto and incorporated herein as Administrative Complaint Exhibit 2. 8. On the Report History, Respondent admits that she completed the report on August 7, 2000. 9. On Report, Respondent represents that there were no prior sales of subject property within one year of the appraisal. 10. Respondent knew that a purchase and sale transaction on subject property closed on July 28, 2000. 11. Respondent knew that the July 28, 2000, transaction had a contract sales price of $82,000. A copy of the closing statement is attached hereto as Administrative Complaint Exhibit 2 FDBPR v. Elsa G. Cartaya Case No. 2001500837 Administrative Complaint 3. 12. Respondent knowingly refused to disclose the July 28, 2000, sale on Report. 13. On Report, Respondent represented that the current owner of subject property was Homedo Lopez. 14. Hornedo Lopez did not become the title-owner until on or about July 28, 2000, but before August 7, 2000. 15. On Report, Respondent represents that quality of construction of subject property is “CBS/AVG.” 16. The public records reflect that subject property is of mixed construction, CBS and poured concrete. 17. On Report, Respondent represents: “The income approach was not derived due to lack of accurately verifiable data for the mostly owner occupied area.” 18. The multiple listing brochures indicate as follows: a. for comparable one: “Main House 3/2 one apartment 1/1 (Rents $425) and 2 efficiencies each at $325. Live rent free with great income or bring your big family.” A copy of the brochure for comparable one is attached hereto and incorporated herein as Administrative Complaint Exhibit 4. b. for comparable three: “Great Rental... two 2/1 two 1/1 and one studio. Total rental income is $2,225/month if all rented.” A copy of the brochure for comparable three is attached and incorporated as Administrative Complaint Exhibit 5. 19. On or about October 23, 2001, Petitioner’s investigator inspected Respondent’s work 3 FDBPR v. Elsa G. Cartaya Case No. 2001500837 Administrative Complaint file for Report. 20. The investigation revealed that Respondent failed to maintain a true copy of Report in the work file. 21. On Report, Respondent failed to analyze the difference between comparable one’s listing price, $145,000, and the sale price, $180,000. 22. On Report History, Respondent admits to having received a request for appraisal of subject property indicating a contract price of $195,000. 23. On Report History, Respondent admits that the multiple listing brochure for subject property listed the property for $119,900 as a FANNIE MAE foreclosure. 24. On Report History, Respondent also admits that she had a multiple listing brochure in the file, listing subject property for $92,000. 25. On Report History, Respondent admits that she did not report the listings in Report. 26. On Report History, Respondent admits knowledge that comparable three was “rebuilt as a 2/1 with two 1/1 & 1 studio receiving income although zoned residential.” 27. On Report, Respondent failed or refused to explain or adjust for comparable three’s zoning violations. COUNT I Based upon the foregoing, Respondent is guilty of fraud, misrepresentation, concealment, false promises, false pretenses, dishonest conduct, culpable negligence, or breach of trust in any business transaction in violation of Section 475.624(2), Florida Statutes. FDBPR v. Elsa G. Cartaya Case No. 2001500837 Administrative Complaint COUNT II Based upon the foregoing, Respondent is guilty of having failed to use reasonable diligence in developing an appraisal report in violation of Section 475.624(15), Florida Statutes. COUNT III 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 IV Based upon the foregoing, Respondent is guilty of having accepted an appraisal assignment if the employment itself is contingent upon the appraiser reporting a predetermined result, analysis, or opinion, or if the fee to be paid for the performance of the appraisal assignment is contingent upon the opinion, conclusion, or valuation reached upon the consequent resulting from the appraisal assignment in violation of Section 475.624(17), 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, 5 FDBPR v. Elsa G. Cartaya Case No. 2001500837 Administrative Complaint 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 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 _ 2 day of _< Gay - , 2003. orida Pepartment of Business and ae FILED “Pte ofesSional Regulation ce} Soy amentetioes By: aire or Prokessi ate “ Director, Division of Real Estate nivision of Rea ate I K le. ee cere FDBPR v. Elsa G. Cartaya Case No. 2001500837 Administrative Complaint ATTORNEY FOR PETITIONER Nancy P. Campiglia Fla. Bar No. 0164259 FDBPR-Division of Real Estate Legal Section 400 W. Robinson Street, N308A Orlando, Florida 32802-1772 (407) 481-5632 (407) 317-7260 - FAX PCP: MC/JB/CK 1/03 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 behalf 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) davs 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. {Fie ne TIME Page APPRAISAL GF REAL PROPERTY LOCATED AT: 930 £9 PLACE HNALEAH, FL,, 33010 HORROWER/CUENT JOSE GRANADOS FOR: SOUTHEAST FINANCIAL CORPORATION 6719 MAIN STREET, SUITE 250 MIAMILAKES, FL. 33014 AS OF: 7/27/00 BY: E.G. CARTAYA, CREA. . #0002343 STATE CERTIFIED RESIDENTIAL APPRAISER FLORIDA Foun GA3 — “TOTAL 2000 for Windows” appraisal sofware by a fa made, inc, — 1-800-ALAMODE ADMINISTRATIVE COMPLAINT 2 a - EXHIBIT # _ f PAGE /_ OF & : ELSA CARTAYA, CREA 0002343 feria PROS Page v5 Summinnpprsisal Repo yNiFURM MESIDENTIAL APPRAITAL REPORT sens terovser” rn 930 £ 5 PLACE "by HIALEAH Sa Fl dgex: 33010 egal Descripton_ LOT 17 BLK 28 PB 50-74 OR 190% 0417 Coumy ‘DADE Assessor's Parcel No O4-3517-0041530. Var Yaar 1999 Se ee Sannaes Sai a tes $4780 29 sce gine 8 00 Propery agris spores 04 Fee Semoig_} 1 peasengte Procect Tae {1 Ou 1) Serdeninemn UDCA ory OAS NIA, PAD Newnoomaog er ProwtName SUN-TAN VILLAGE. Wag Relererce £345.17 Census act @ O10 Satz Pee $495 000 Daz of Sale CURRENT Description and § amount of 025 charssveone essing 1 be gad Dy geher UNK Ae ‘Shent_ SOUTHEAST FINANCIAL CORPORATIO Ascress 8713 Main Streat, sute 260 Miami Lakes FI 33014 Azerase: MARISEL ROSS #0006287 Acoress MIAMI FL 23155 LJ Suutbas “oO Pura Precominart, aot famay n341 reg Present ianduse S| Land ute charge Chasrss Curae 258 octuparcy 1000) tas} jOretmiy _ SO} Xuxwey Ce Kisawe O) sow &] Cure 2-4 amy S| Phinoescess Property wate! save — () oecenng ©) Tenant keyti-tam _ Deranavtusy {7 Gs age = Sh imtaance (L) Over supoy | OQ vacare 0 $4) eet 2 ES] com: Warcerna nme C tunes: Senos Kh s-€mes (1 Over 6 emas_| FV vac tore: ger) 389 50 Kote (on of the neignbornood ate aol appraital tactors. octtoos DauTcanes and cnavaciesuts —_Arga boundaries on the North oy £ 21 St_on tne South by E Kaieah Dt Si The eas! by 10 Ave and the Wes: by 4 Avenue _A presomunant averace fesvential neanbomooc facts intial REREALty of I ergntort.cod (proximity to employment ang an ETpiayMenl Srey Iwoeai 19 Ma’ H Subject is loca:ed 9 an esiaplishes residenta’ neihbornced which is primarily comocsed of 2 mnture of single tami nomes of aitferen! ages ang tet sizes Commercial use along ine maior aneries Go not affect marketability of vopeny All marke! preferred amenihes 2'e 1m close crowmity Sun-ect enjovs averace to goad azpeal marketability to tne area tyaical buyers. Suit up Growtr ale face an the racial comp Maskel corcibans 2 tte set Spat lar tne above conztusions related to me Wend 2 pe we tugh 26 d912 a compaline propenves for sate sn 2arhoos, Cesznption oe atevartce al sales anc Imancng Concessions, £1 Genera! market conditions are stable with suocly and demand factors in patance Loan oiszounts interest buy downs and concessions. Dy. Sailers are Not uncommon AN forme of lysical finanzing are availanle im tne area. Moweve!_tyoics! adiustments to Sales price are not collar for collar Sales asta naicates value avoreck inru fime Listing ratio is 95-100% Marketing time 1s common a? 3-6 mins Precominant value for subject neignbarhoad has n9 adverse effect on subjects value anorof ds marketabiity bre marvenng me Preysct information (ar PUD (U! appucate) - - Is the derslopec/tartder m controx o! the Home Gwness’ Assacietan (MOA)? Appronmate toat number of unas us tne subject proyec Nea Anoronmats toial cumcer of unis for salt an the subi2ct pray Dzscribe comman eiements and fezteationatastives: NOT A PUO PROJECT Ormensans 500190 Topagranty Sue ara 6 960 Cormertt C) Yes (ino [sue Specific 2oning ¢: ist cata AN Gesenpten R-1 SINGLE FAMILY RESIDENTIAL Shape Drainage View Psthe Piwa's |Landscaping Diveway Surtaca Apparent easements Typta! of Records fos Sorta Reed age aa) [wo The , FEMA Lane x Mazo Dalt_MARIGS 42025C0 180 J No adverse effect Sannary sewer ° Slorm sewer 2 Adverse casements, encroachments, special assessments. side areas, Meza! OF legal noncorloimung Loning use, es.) noted. The apora:se: Notec No easements other than normal of recoras However, the aorcaiser was Not i MSULATION Javea Sq. FL, NVA Rot im) Se frisned NA |Crting_ 5 5 EXTERIOR DESCRPTIC REINF CONS GENEAAL DESCRP TON a. of Untss ONE Founeavon Wo. of Stones ONE Exterior Walls Type (Det VA) = i Cesign (Sipe) BrongPrspned Ceiling N/A twats Gunes & Ownsots ADEQUATE Sump Pump NONE Walls NIA ie Window Type AWNINGS JOamaness ~NONE OBSERV |Ftoor A Semement TYPICAL Outside Entry N/A. TTS vl 3 (Kes) Stam NS Etlsewe Aas Wis) 15-20 IManvlacareg House NO. anon __ NONE OB. | Rooms | fowe | kinng Orang i xecnsa | Dev | Faruy Am | Rec Am 1B: = @éans | taundry | Qae [antes $e Ft T —| 1 | 1 J | | wa x Toa ys men (él 6 i { 2678 f im | | | l { I I l | i j eG area above crads contuns” 40 Roos’ & bedsoomish. & danish Soure Feet of Geass Ling Alea TERIOR MaiznalyCondman, EATING CHA OT CHEN EQUIP, ATH lien STORAGE Fioors C.Tite/Avo Type FWIAVG fr rt] [Nate & (FD jroo Walls OrwalvAvg Fuel Elect RangOven Xf | Suirs oO &) | sanz # oles TemvFnsh «= WalTietAva Icondinen ADEO _jorsposal =) jorpsuy =) () | atasnes Bath Flow = _C.Tile/As Tecounc CENTR |Oshwasner (_j | Scutie {] |Forsh ENTRY 6% | Dewrnes Ban Wainscot _C Tile/Avo mad YES Ravoce = | Fiore (7) |Fsree ROW. Bi | tuc-w Dows HO WoowStag lanes “CL FANS Jecrowave Heaisd {7} |p20l_NON (2 iCaren __ Icordntan ADE —_twashevOyer FY [Frcsned 7) IstRG SHED 5 Loeveway GONC DR ‘pcananal atures (sper ereegy eliient dams. etc): Cvrd Entry, window lints, open cone slab pac, ceiling tans, concrate walks , ¢ lle/cerarmue We BW flooring, R&Wd fence : Cendtton of the mpcovemerts, cepreciabon (physical, fenctional. and exemal), repars aezoes, quakty of consvucton, remodeing’addiuons, etc. No apparent physical or functional inadeauacies noted at the lime of the inspection Physica! deorecial.on aftributable to nermal weat pnd teat Depreciation based on effective age Quallty of constiution and cand:ions apoears averace Adverse envugnments! condans (Such a5, Dee NOC muted lo hazardous Wases, tows Substances, ez) present vs the mprovements, on the she, or en the Bb immediate vicity of me sutcl propery: -_There ts no apparent evidence of adverse environmental conditions on the site of 0 the imarovements Mf tnat would negatively affect the value of the Sublect propery Freddie blac Form 70 693 PAGE 1 OF 2 Fanmue Mas form 1008 £93. form UAZ — “TOTAL 2009 lor Windows" appraisal software oy 3 la mode, Inz.— 1-B00-ALAMCSE }PLAINT ADMINISTRALIVE CU EXHIBIT 7. PAGE ____ «OOF ee ~S ssi2e Section UNIFGRn. RESIDENTIAL APPBSIS*L REPORT Bite No RAMA 72240082 ESTIMATED Sie VALUE =$_ 75, wae Serra 38 Cott Appragen (gure as SGUTEE O" COF estate STE E5TMATED REPRODUCTION COST - seva’e tye taizatetan ate tor MUD Va aad Pt te st Owehng 2678s GS _ 8400 = 8 147 230 spear sah Ss - Suber APPL S/EXTRAS LUMP SUM . = £000 area and has no teaatwe effect on subject's value koe Garage Carsat $¢.Ft OS = marneladility” 7 ‘tai Esomates Cost New oo. woe =f 4$5 290 Cost estimated thraugh Marsnal& Swit Cost Valuation Sve & tess Physcat Fenchoral Exenat modified by local butder cost intarmation Desrecaton res] \ = 3.184 )-Cemes GLA modified fo segregate non hvabie areas ce" cublic Depresi Himpeoeemants nee 121,126 | records ‘yalut of Ste improvements «= LNOS/FENTHORW =f. 4 00! Estimated remainina ecenome life arcranmaiely 4-50 years. IWOICATEG VALUE BY COST APPROACH es! 185,126 TEM | sud! i COMPARABLE NOL 1 PARASLE HC 2 ] COMPARABLE WS? $30 E 9 PLACE @70 E 18 STREET S78 E 14STR address HIALEAH HIALEAH, THIALE AN raumay to Sumect ee Pew 10 BLKS NW. 18 BLKS NVI Sates Pace Is 195,000} 180 600 Poon Grass Living Area IS 7282 45 eg Sb es Shiv | Bi Pub Recoras PUB RECRSCIPRC SCIPF PUB RECASCIPRC EXT VIEWING | Priestess cerry cONY M [S171 COS _ re TMAY C00. : qazaon PRSFiAVG (RSFAVS neasera [Fee 7 Tree Sc 16 c00 13160. +2056 | 16800 NO ADI vew iRSFIAse LESFrAsg URS Frag Cesgn ang Aoseat istay [ssTRyY ErsTRY BD cuxey oi Corsmicton | CBSIAVS CESIAVG 1 CBS/AVS TeSSiAVS Ag 11950 [1947 NO AD) 11949 NO ADS 11855 NO #04 Zongton AVERAGE AVERAGE AVERAGE = EB trove Grice Totat_ Burs Bzins | Total B¢ems__ Barns | Tot Beams Gams Fg Rao Court 1 6 6 119.6. 8 : +1sc007 33 1,500 EE Gross ing Ares 26795¢ | 2,582 So & +1700 1 S36 $9 Ft +7,700 4 Saserert & Fin NA NIA NIA : NIA Fe] Rass Beton NA NIA i NIA : NIA FF Funcuona! Ua [ADEQUATE ADEQUATE [ADEQUATE ADEQUATE Foy rennngC20ing TSENTRAY UN | CENTRAV UN i CENTRW UNTS CENTRAL 1.900 } fed Enersv &% [INSWND/DOOR {INSW/NO/OCOR : LINSWNO‘OOOR_- INSWNODOOR fs} GaracesCarror Teonc/aRvry __! SLAASTRIP- |CONCORWY. TCONC/DRWY F-3 Porch Pana PORCHIPAT: | PORCHIPAT/ PORCHIPAT/ PORGHIPATI uepiaceis! NONE | NONE : NONE NONE Pool ete TRENCINONE | FENC/NONE {_ FENC/NONE | FENC/NONE: By H SMUTiERS TupKi7 Equip TYP KIT EQUIP +2500 | TYP KIT EQUIP +2,500 | UPKIT EQUIE: Natagy ftctao SL = 3,700 1 + - 8 16 200 6,260 Asyustee Suits Pace fe MRR : at Comparsbie $ 183,760 | * Sams Bis 196,200 $188,200 | propedy’s Compatibuity 10 me Aeghdoma0d, Comments on Sales Comearisan finchucing Wie su $195,000 mem SURECT COMPARABLE NO 1 COMPARASLE SO 2 COMPARASLE NO 3. Free and Data NIA NIA NIA NIA Source, to prey sates, wrunnt year at appraisal PUB RECORDS Pus RECORDS Pus PUB RECORDS ‘All comparable sales B/or remales cnocan {rom sUbect's neghbornood and'or simular adjoining markel araa_Equal consiceration gwen to ali comas since They ere similar in denign and ‘aopeal 19 subiect proverty. Above comos have a close value range win subject prcoerty Iain marange for an estimated marnet vate of Asalysis ol any current agreement of sale, ogtan oi astng ‘of supject property anc analysis Ol any poor Sumect eshmated matkal value is consistent with above sales analysis Previous sales noted anc ictal assesment vatue 9) reparacies wanin one yeas of he att i doprarsat iven_as value trend indicators Subject and Cortms sold over a year 490 INDICATED YALUE 81 SALES COMPARISON APPROACH INOICATECYALUE BY INCOME APPROACH {il Azoticabie) Esomates Market Rert S$ NVA MMo_x Grass Rent Memories | NIA $ 195 000 =S$ ——-—} Tras appeaisat is made K “ais Dyas to the feoairs, akesavons, inspections oF condmiar.slisiee below cortanrs d Apgrasa _lnsufficient data ls available tor the Income Approach This 1s a summary revert of a imted anora:sal sompleuon pet plans & soeciications. as defined by SR 2-2¢0) USPAP. Final Resonciaaon; Actual buyer-selle’ one in the markel area_are most azcuraiely enziveed by the Sales Comearissn Aooraach That approach is grven graater weight in the recancihatian_ The Cost Apgroach provides confirmation only The Income aopfoach was not denved ‘dueltc lack. of accurately venfiable data for the mostly ewner occupied area F5] The cose at ous soccasal Slo estimate the marke: va'e of te fal property Dat is Me subject Bis 14007, DASeG 36 Te 30a 4 sondmaent. and market value dete-don Tat are stated ne attached Freddie 4 ‘orm, 439: FNMA lern Fd | cae) ESTMORTETRE MARKET VALUE, AS CEPIRED, OF THE REAL PROPERTY THATS THE SUA OF THIS AEPSAT, fe (WHICH IS THE OA = OF INSPECTION AND TH! :CTIVE OATE OF THIS REPORT) 70 8E Sos bed APPRAIS: , SUPERVISCRY APPRAISEA {ONLY IF RECUIRED;: Signature : ott an Secnature . kane MARISEL ROSS tame €.G CARTAYA CREA Al are Renest Signed 727/00 Qate Renee Sigesd 7/2700 State Ceruisanon & Ne State FL State Ce’ ee 000253 State Fh i Or sate 3 0606287-S7 REG ASSIST APPRAISE, Swit FL or Site Leese # ST.CERT RES APPRAISER ‘ay FL Fragaie Mac farm 79 692 PAGE 2 CF 2 Fama tae Forma 1008 $2 ad Farm U22 — TOTAL 2000 lor Wiinagws" apprarsal samware 27 7 fg mods, ine. — 1-820- ADMINISTRATIVE COMPLAINT EXHIBIT 7. _ PAGE /_ OF 17 UNIFORM RESIDENTIAL APPRAISAL REPORT MARKET DATA ANALYSIS newses adele ayes HOueny 23 Sa9erOr fo, C2 ming Sorparane g men eae Fae TaN GaISY BT aperiad Are TRAWT UTSAT Und prawnna Ve bubieel and Reve Waa" COAT prarket feacton (0 thave dems ol signdicant varstion betwatn the ind comoatatie Dr06 favorable Man. the sudecl grepeny, a maus (-) zpseTerd wf Made, Ht redueng the dicated vaize ct the subject Ih « Sates favatabie an. the ‘subject propery. a plus [-+) adusiment mace, thus wcreasing Me Morcaed valve Ol the § be 930 € ¥ PLACE ‘Agsess HIALEAH. . . | Proumay to Subiect st Sales Price Fy 13 : 7 Pries'Grass Lerng area L$ Eh . $ FZ 7 Oata andor Pub Records | PUB REC/ISC/PRE ~ Yertication Sourses__ | Laspection. EXT VIEWING . - _ VALLE AOJUSTAENTS. OSSCAPTCN DESCRIPTION. of-jSadces: | OFSCRIPIO page | CescRiPiow Sues or Financing ? [en MTG Concessions NONE NOTED . . uegTune 3/00 _ . _ RSE/AVG [| RSEZAVG - 7 _ Z “Leagencig fee inp Fee Fee _ a - __. een am Sie 6.000 7,330 7 LSch ~ . ES ver __IRSF/AvS TRS?/ Avg. _ . ee FA [istry ISTRY - m jz CBS/AVG CBS/ AVG — _. Ee _ [2950 1950 _t - ~ - =i AVERAGE AVERAGE _ . - _. = Tow Borns Bains | Tora esis Bans Tort Bers 83035 Fe} Room Count 06 6 | Fis 5S +1,500 _ _ FE Gross Living area 2,678 Sq ft 2542 $a Ft 22,400 So fi F4 Basements firisnea [N/A N/A BE Rooms Gow Gade [N/A N/A. | . _. BB furctocy (tity ADEQUATE | ADEQUATE. . . . ___| HeainarCochng CENTR/W UN | SIMILAR _. | 7 = Eneigy Eticent Rems J INSWND/DO |INSWND/D0 _ . - . GangesC argon TCONC/DRwy [CONC/DRWY — _ — Perch, Pato, Deck | PORCH/PAT/ | PORCH/PAT/ = Fugpiyceis) te NONE NONE | _ Fence Poo_ttc FENC/NONE_{ FENC/NONE = _ HSMUTIERS [UPKit EQUIP | UPKIT EQUIP = -_ “Nera gota Pree yg Seo TTL. MM Aquusied Sues Price 4 3 : el al : 197,400 Is Date, Price and Data Source tet puior sales wthia yeut of appraised | PUB RECORDS | PUB RECORDS Commeds ADDITIONAL COMPARABLE 4 SUSMUTTED TO SUPPORT SUBJECTS INDICATED ESTIMATED MARKET. VALUE CIVEN IN THE REPORT. __ Masel Gata Analysis 6-93 Form UA2 [AC] — "TOTAL 2006 fer Wancaws? ‘appraisal software By ala made, ins —~ 1-800-ALAMCCE ADMINISTRATIVE COMPLAINT EXHIBIT #_ PAGE or __/? SE DEFINITION OF MARKET VALUE: Ine most pronabe once wfucm a pruvetty sive tng nH Cempctine and apen murat unner AE canceuns 2 fas tole ime Muiwel bod adar, GRER Aching Bevery Nammdedgeadly anf antuming the AACE ME fre Mestad By UAdUE Wmaye imple in ths detnaien 15 the cantummation of a sate ay of 3 soecied cate and the passing af thie torn selfer to Layer unter conairons wneredy (1) buy and seer ave typealy mauvated, (2) Dctn pares ate wel informed of well agvised, and each acing m what ne Consizers Ins wn Les! wierest, (3) 4 14asonabe time 1s dows Joe exposure in tha open market: (4) payment is mace I terms of cash wt US. golars of @ terms ol hinarela: arangemerts comparable Werms, and (5 the gece septesents Une normal cons:deralion lor the graperty sold urattected by special or creative Iinancing ¢ 5a! ssions* granted Dy anyone assoziaied mith the saie nage vAcuusuments to the comparatles must be mace ler special of creative fancy or sales cercessces. Ho atusumems are necessary for those casts which ate normaty paid py selixs as a result of uadtion or law m a marke: aes: ese costs ae readily scemitiadle singe the Sefer pays Mnese cests wm vetuamy af sates Wansactons. Speciah or ciedlive financerg adjustments can te made Io Ine comparatle picpeny by comparisons to inancing tems oteres by 3 ned party wnsitutiond Mal is nol attacy involves in the pisperty of Wransachon, Any adjusimert should not be catcelated on a mechanical deflar ler cll: test of the fmanemg ar corcessica but the cotar amount Gt any atusiment sous approumate Ine markets reaction la the or concessions based on ine appraiser's judgement STATEMENT OF LIMITING CONDITIONS ANO APPRAISER’S CERTIFICATION CONTINGENT ANDO LIMITING CONDITIONS: Ihe azpcaser's ¢ coaddions (2907 1S Suuet to me tatoming 1 The apocaser wil not Ge rasponsitie fer maners of a legal nature tna tte tue is asd cracxelatle ard. tnacstone, ad net sender any opmucas apcul the ownesstg a ihe t anaes assumes 0 sed on the basis of # Deing under raspersibie 2. The anprasse: nas prod he (eater of the report in ist 2h wn the agpratsal report to shaw approxmate érransions of the SS melted atiy to assist erry and understanding the appraser's deleemination ul as site 3. The agprasee has eeamined Ine avaladie fhoce maps Ina we provided dy the Feaera Emergency Ma In the apzrarsal report whether the sudject site is located ia an Wentited Special Food Mazard Area Bec) nc quacaniers, expcess at imiphed, regarding ths celemmunation at Agency (Or athe Gata sources) and has noted west IME appraiser ws not a surveyat, he oe she makes w question, uniess specific arrangements tc 49 4. The appraiser wil not give tesumony or appeas mn cour Because he or she made af apprarsa: of Ine pt 39 have been mage Detoverar. . 5 Te apptasser has estimated the vatue of the fand wa Ine cost approach at Ms highest and bes! use and separate valuations of Wie lané ard improvements must mgt De used A conjunction wilh any Ore! & ¢ mpravements af their conuiduiar, value. These cal ard ate mvalid it they are 59 uted, 6. The agpvaiset has noled wh Whe appraisal reper any adveise Congtians {such as, needed tepats. Ceplecizicn, te presence of Razaidous wastes tue substances, eC) edserved during the Inspection gf tne subject propery or that he of she Decame awze of Cuting INE ner feseutch Anvolved in pericarrng the appraisal Unvess cinerwise stated ia the appraisal regen, ime aporarser Ras no Anawiedze cf any Mécen ot unapparenl condiions ot tne preven oF advetse envitgamental condtians {including the presence of hatasdous wastes, tone substances, eC.) th ft wauld make the propery more of less valuable, and has assumed mat there 2re no such condtions and makes no quaranlees of wartarties, express er implied. regarding INt cendion of the propeny The appraiser wit Gol be cesponsitie lor any Such condtices Wal do test or for any engineering Gi tesing ial mam be tequved 10 dissover whether such condsigns exist, Because the apprarser is mot an expert mi the field ol envwonmental hazards, the aoernsal report must not be consicered as an enwrormental assessment of Me properly jormahan, estimalss, and opinions thal wee expressed in the apprersal eae from Inat ne or she considers ta be 1. The appraiser does not assume responsibility far the 2% of such ams thal weie (lanisned by clner 7. The appraiser cbtained the wi relable and Delaves them lo be th pases Stanvards of Protassional Appraisal Prac: 4, Tne appraiser will not disclose the coments af tne appraisal reper except as provided fcr um the Unt ect lo pats OF 9 The appeaisee nas based tus Of het appraisal report and valeancn conctusion for an appraisal tat 1s alterazons on the assumption that completion of ine amprovemerds wil be pertormad in 2 wornmmanike marie cory compietin, 10, The appraiser must plavide fis or her prior witten consent belore the lender/clent species wt the a report can distibute the aggraisal regad finctuding conclusiens abou the propery valve, the apprase's acentey and prolessional desqailans, and telerences to any pfotessional wpoarsal argarweabens ot the tum wan which the appraiser is associated) to anyone ather than the beirower, ine rrarjager or AS successots and assigns, the mengage fnsuter, consutans, piotessiond apprarsal arganwations, any stale ar fecerdty approved linancial wisthuton, or any Cezartmem, agency, o insturectathy of the Unted States o: any state or tne Oistnct of Cotumtsa, eacepi that iendecichemt may distibute the plage ty Cesciiplicr section ot the repo7 On'y 40 Gata coligetion of reparung service(s) wanout having to obtasn the appraiser's poor written consed. The a0prse's writen conseat 2nd approval mus: uso ne ottamed delove te appraisal can be comeyed dy anyone To the puke Unough acverssimg, pute relations, news, Sales, Or olnes media Freddie Mac Form 433 6-93 Page rol? Fannye Mae Form WC4E 6-93 ELSA CAATAYA, CREA 0002343 Form ACR ~ “TOTAL 2090 lor Wiingows" appraisal soRware by aa rode. Its. — 1-2G0-ALAMIODE ADMINISTRATIVE COMPLAINT EXHIBIT # 2 PAGE 3_ OF I? a Fae he LEOOSEE Page ot APPRAISER’S CEATIFICATION: Ine spora sot corties ann agrees tht 1 tvawe seseatcned the subeel maduet ata and Mat Selected a aeevum ot thee teceat utes af prerewee madd semdar and proumate Fa I subset prozety ty romeatetahon m the sales Comparison anatysis and dart made a Gailat Admrctnent when appwepmats 12 s#%ect ime man tracts 19 Whese Rams of SupRt ir’ caution a sqosteaal fem a a comparadir propeny 1s sugenot le, of mole Itecrablr ibaa, the sec! Fereay UMye made 2 reqalne adustnect ta tetuce re anusieg gates caice ot the compatable ang, & & sigadicart dem an a Commaeans property 15 wlengr Ig, ev less Haecrabie than the sutyct Bropedy | hays mate a puvsities adjustment lo meeease Ce adwsted saes firte ol the comparayy + pave ten lg consateraien Ine Lacers thal Nive an matt oe value ia my devtlogmert cf me ashe we of mvaal vatce MIke aoqasMt ged | Pye teh Leoruingly wAbneld. any sidndcam eformaton em te appransal eruit and | beteve, fo Ine best of my Mrawedpe al at statements ANd anlermahor a ine apet weal oan are Mur 49d c2Uect. $C cated a the appra'sal apart arly my own personal unbeased rvtteneng coediiens Specttied atts farm, 4 piclessionat analyws epinuans, 14 conctuesas mich ae Muriel anty 10 ne cortege LE nave og pesert er prespecive smerest ia Ine plaperty Heal v6 Ine gubyeet Lo ts trp aed T Ra.e ra preeet O° DIC: she patieamis on the uansaction t Gel set base, tthe pacialy ar Complety, my analyus art ae MMe esiemate Gf mate wait im We apoulee reeet ola teigian Sex Nancecan TAMIA sialys, gr eananal ang of eae the pracpeciore Owrere cr gccugars gt ime wutyeet Pronedy ar et ate recon ee pergomal interest on fas yet k Sj iaee ag preserl of eantemolated laure Inlerest tn the subyect prone, and onmiher muy current or t loperansat is cunliegeni an Ine ABpvasaed varus ot c+ eeploynesd mor my comgersalion [or paderinsr BM. prapeny 6 | was fat deguead Ie fepod 2 pti rahed Value of de ine anamenent of a speedic tesut, of the orzuvence ot 2 sudseg dul nol base the apptaisal resort on a requested miniram valuation, a Sp i wthve IDat faeats the cause Ot Me Cort ce any [ate Io regres my Compersinan andar employment ler pestormang the aggtarsal | fo the nee to apgcove a spect mentgage loan party, Ne arcuet of sxe gatur eetmate FU pertormed this appraisal mm canloumay wan the Uniform Slangards of Pictessional Appraisal Practece [nat w docte) and promutgaied by the Aperacat Stanibards Board of Ine Aggearsal Foundation and that were Sn place as of the ahechve gate ol this apprarsal wan the exception of the depadure provisicn of Incve Stomtatds whch dars not analy t actnowtedge [hat an esiamuale of a reasonable tere for exports in the open maral 1 1 Condtan in Ite defintion at market value dint the ectenate } developed is consistent wit the marketing time noted in Ine neigheemhood section of TNs repr, unless | have Cinerwise siaked 1 the ceconciiatton sezhan, A have personally inspected Me ederor and enterat a¢tas ot the sunyect property and the edenar of aT troperties hsted as compacaties in the apgraisal reper, 1 tulhvr ceily tral | have noted any apparent or known advtise ceadionas in Ihe subyec! enpravronents, on Ihe sublect se, of On any SMe wither the Irmedte weunty of the subyect propemy of which I am aware ang hare mace adjustments lor Ihest adeerse Condéons WM Ty analysis of IM property value fo the eetert tral Fad ancket evidence to suppor them [have alsa commented 2dot he ellecl af the adverse condttans on tne mackstabtty of the subject properly, QF personaty prepared a4 conclusions and opwvons abou he teat estate hat were set fortn in the anprassal eenodt If I relied sigaticam guot=ssmanat aswetance Irom any Indrdual oF Individuals fn the performance of the appralsal ot the preparation of Ine anavaisal repo, | have named such wénidsal{s) and thycloged the spacdic tasks pertormed by them In the reconciiation section ‘Of itis apptaisal tepom | ceedy shal any indindual so named Is quaiied te petom he tasks Uhave ect authorized anyone (0 make a change fo any fem tn the tegen, therefore, Han urauitcazed charge ts made ta the appraisal report, I wat Lake 90 sespansibéty lor a 10) ‘his appraisal report will be used for a Mortgage {oan application purpose only, The appraiser has established thal the chant muderelands the limited utilily of this “Summary Appraisal Report” and has establisehed thet ¢ "Summary Appraisal Repart’ is suitable for their intendedt use This appraisal report is prepared and ils use resiricled lo the Client/ Lender inficated in the headee section of this report. "THE USE OF THIS REPORT BY UNINTENDED USERS AND FOR THE SUPERVISORY APPRAISER'S CERTIFICATION: I a supervisory appraise shgoed the apguaial report, he at she cersties ard agrees that J diesetly supernse the apneaiser who prepaec the aporarsal repod, have renewed the appraisal cepom, ayes win Ihe statemerts and conclusions af the aperaser, gir to be Bound by the appraiser's certtications numbered 4 Itvcugh 7 above, and am 124g [ut cesponsibity lor Ihe aypracsal ang Ihe appraisal repo. ADDRESS OF PROPERTY APPRAISED: 930 £ @PLACE, HIALEAH, FL, 38010 APPRAISER: SUPERVISORY APPRAISER (only {f required): ro _. Signature: a hanes EG CARTAYA_CR _ Date Signed 7/27/00, _____ Saale Certarcanion #000243 ~ orState License # STCTRT. Sane £42 *, we Naw MARISES. ROSS 40006287 Dar Signed: 7/27/00 7 7 tate Cesttcation # N/a of State Lense # 0006287-' Slae FLO Ll. —— Expocation Date of CeAdication ar License 41/30/2000 __ EG.ASSIST.APPRAIS . ee ee Expttalion Date of Cendication at License 11/30/2000 * oe Did Not inspect Progeny Fredishe Mac Form 439 6-9) Page Zoi? Fanaue Mae Form 10038 6-93 ing — 1-BOO-ALAMODE Form ACR — ‘TOTAL 2000 lot Wandows” appratsal sofware by 1 fangs ADMINISTRATIVE COMPLAINT EXHIBIT # > pace____ for __/7 40 S]ect Photo Page = ~ea_JOSE GRANAOSS: - Prapety Agetss 930 £ 8 PLACE . [ery HIALEAH Eoumy DASE saz FL 7p Cote 32010, enter SOUTHEAST FINANGIAL CORPORATION * LLL oa Subject Front BIO E 9 PLACE Saws Pree 185,000 1 GUA 2.678 Taal Roars 10 Tou! Bers 6 Taal Satrns & Location RSF/AVG. Vow RSFiavg Ste 6.000 Coaity C8SIAVG Age 1980 Subject Rear Subject Street Form PICKx6 SR — “TCT 2000 ty Wind aas’ arte2sa: software Dy a la mode, anc. —~ t 800. ALAMODE ADMINISTRATIVE COMPLAINT EXHIBIT #4 ) PAGE x or /7 c arable Photc ?3aga Barowentuen JOSE GRAMADOS - . Fropety Access 930 £ 9 PLACE Sie FL Jp Code 33050 Gey HAL SAN “Ease, DADE fer SCUSTHEAST FINANCIAL CORPORATION Comparable 7 870 £ 18 STREET Procemty =: 10 BLKS NYY Sale Pree 180,000 Comparable 2 576 € 14 STREET Proimty 9 BLKS NW Sele Pree = 180.000 Comparable 3 234 £ 13 STREET Promrnty @ BLKS NW 180,000 A —“TGTAL 2000 for Windows? apova.sa! sofware by ala move, me — 1-€90- ALAMODE Form PrCax6 C: ADMINISTRATIVE COMPLAINT EXHIBIT # 2 ; PAGE @_ OF / / G2. Co fatauie eee + Sen Bonompitner JOSE GRANADOS Pr ‘Mdiress_ 930 E 8 PLACE Cty HIALEAH County QADE. Sate_ FL wedet_SOUTHEAST FINANCIAL CORPORATION” ns Ip tae 33010 = Comparable 4 567 € 17 STREET Prox to Sutiest 42 BLKS NE Sale Prce 495,000 Form PICPOLCR — TOTAL 2200 tor Windows" agoracsal software by a2 mode, in¢ — 1-200-ALAMODE ADMINISTRATIVE. COMPLAINT EXHIBIT # PAGE 7 of _/7 Location fap Eoroew-chent IOSE GRAN ADOS Prapeny aggtess_930 © 9 PLACE . - = t ~ dy Coes HIALEAH County DAE Sie FL an gt SOUTHEAST FINANCIAL CORPORATION Ferm: MSP.LCC — “TOTAL 2600 tor Windows" appiaisal sotware by #1 mode, inc. — 4-800- ALAM: ADMINISTRATIVE COMPLAINT EXHIBIT # ? pace Boor 7 OE 4 BDULUrNu SREDEE ALE tite SUBJECT APPROXIMATE INTERIOR LAYOUT MEASUREMENTS TOTAL ed 16.7% 57.2 = 939-2 3 8.0% 62.3. = . 498.4 20.4% 57.2 = 1,166.9 BIH BD 4.2% 18.8 = 52.6 Tot Livable: = 2,678 kIT RD BIH [> 5 DIN BIH BD LIV 8TH : rover BD Total Livable = 2,678 Total Patio : 132 NOTE: THIS APPRAISER IS NOTA SURVEYOR, ALL DIMENSIONS ARE APPROXIMATE AND ARE FOR VISUAL AID ONLY. THIS APPRIASER'S CONTINGENT & LIMITING CONDITIONS ARE ATTACHED TO AND INCLUDED AS AN INTEGRAL PART OF THIS REPORT. ADMINISTRATIVE COMPLAINT EXHIBIT #___ 2 PAGE Gio¢ 17 — Qe, ADMINISTRATIVE COMPLAINT, XQ LE EXHIBIT # PAGE - OF 42 - ” FLOOD ZONE M AP ADMINISTRATIVE COMPLAINT. EXHIBIT # “i. FLOOD arora FLOOD WSURANTE PROGRS FIRM FLOOD INSURANCE RATE MAP DADE COUNTY, FLORIDA , AND INCORPORATED AREAS “PANEL 180 OF 625 andy Mat PRINTED) ' WAP NUMBER 12025C0180 J wap REVISED: MARCH 2, 1934 wedeeal Emergency Management Assner pete eh pect ZONE MAP od LEGEND SPECIAL TLOCO HAZARD ALL AT WHINUATEY Br 100-yC4® FLOOD zone Fin tee Hee Piel ne ZONE At Fead aemene nt tbe bemuna? buse fecd Zone 40 lecommeg for erras of 0 selocies ola delermined lo be proterted from Mt year Hood hy Fegeraitiond protector ersten under cone Situchon, mo boxe Naod ereenbons aeters mneg Coasict Hood eth ertordy hernra tanve ate host mo pare Mood esol one atiermmned fa! Mpa eth ceimety bavera Canve of Ah Dave Houd elevations ort mene’ FLOOGWAY AREAS IN ZONE At GTHCR FLOOD AREAS ZONE & Array of O00 year Hong Need atm average tpiny o OF edn mameye eas lene tran ond wees prolecied Oy Keres Cam MIO gre flees OTHER AREAS Meet Atlernwned lo he culede 200 peor Nanapian. : Arras wm shih tinad osards ore unidelers mned UNDEVELOPED COASTAL BARRICRS: NS leent tee lorsteg Orner sine s9s3 1990 Pooeciea Atay veer are normally Incoled silts gr adjacral ta Sreciol Fang Flovenien Dovadey Feetaay Novrooy Tone BD Moundory Bovroary Mividing Soecict Tlaad Hosard Tones, ong Rouncory Drviaing Arto of Dilterent Casta! Hoee fang Piewatons Wile Speciolflnnd storwe Zones Page Fined Pievistion Pie, Thesatign mr fee Crete Seson Lee (EL $87) Rose Finee Ciesetion @ Feet wnere Unt . watt Dom RM? (rvotion Belerence Merk *MiS Reet tle aePeferenced lo Ine Hatmnal Cuagele Vreticat Mohen at 174 5 J FLOOD MAP LEGEND - ADDENDUM ADMINISTRATIVE COMPLAINT EXHIBIT # x PAGE Ux. oF ID, 4 % ADDITIONAL COMME..TS ADDENDUM ADDITIONAL LIMITING CONDITIONS AND FXPLATION OF THE REPORT *....PURPOSE OF THE APPRAISAL: 4) The purpose of this report is to estimate the markel value of the subject propery as of the date indicated. The definition of market value is defined cn FNMA Form 10048 (6/93). The subject is appraised on basis of conventional financing, unaffected by any special financing concessions, fees, costs or credits; in accordance with the definition of Market Value atlachec hereto. +... STATE CERTIFICATION: 2) One or more of the appraisers identified herein are certified under Florida STATUTE 475.01. Accordingly, at the certification contained herein is amanded to include the following: “THE ANALYSIS, OPINIONS, OR CONCLUSIONS WERE DEVELOPED AND THIS REPORT HAS BEEN PREPARED IN CONFORMITY WITH THE REQUIREMENTS OF THE STATE OF FLORIDA FOR STATE CERTIFIED APPRAISERS. THE USE OF THIS REPORT IS SUBJECT TO THE REQUIREMENTS OF THE STATE OF FLORIDA, RELATING TO REVIEW BY THE REAL ESTATE APPRAISAL SUBCOMMITTEE OF THE FLORIDA REAL ESTATE APPRAISAL BOARD". *..NOTICE OF THIS APPRAISAL REPORT INTENEDED USE AND RESTRICTIONS: . 3) This appraisal report will be used for a Mortgage Loan application purpose only. The appraiser has established that the client understands the limited utility of this “Summary Appraisal Repont is suitable for their intended use. 4) This appraisal report is prepared and its use restricted to the Clienviender as mentioned in the header sections of the report. “THE USE BY UNINTENDED USERS (ANYONE OTHER THAN THE CLIENT FOR THE SPECIFIED USE)... IS PROHIBITED; EXPLANATIONS OF THE APPRAISAL REPORT *_ NEIGHBORHOOD PREDOMINANT VALUE-SECTION COMMENTS: 5) Reflected in the "Neighborhood Predominant Value” section are the lowest and highest-prevailing selling prices- of typical single family residential homes in the neighborhood which closed and are deemed to be good sales within 12 months prior to the reports effective date. Isolated extremes at either end of the range were omitted. , The predominant value in the neighborhood will not always be the same es the subject's appraised value. This does not necessarily indicates that an adverse condition exists. A thorough research performed of the subject's immediate area evidenced that the neighborhood predominant and range of slightly higher an/or lower values then the subject's appraised value have no significant adverse affect on the subject’s marketability, unless otherwise specified within the report. «_... EXPLANATION OF BUILDING AREA (SQUARE FEET) FOR SUBJECT & COMPARABLE SALES IN THE SALES COMPARISON GRID OF THE REPORT: 6) This appraisal uses “ACTUAL-LIVING AREA" in the market analysis both for the subject and comparable sales properties. The living area used for the sales data has been abstracted from the PUBLIC RECORS/TAX ROLLS- a service provided by ISC &/OR PRC an accepted appraisal practice. ADMINISTRATIVE COMPLAINT EXHIBIT # aan PAGE /?_ OF 17 A However, it may have been further modified by the field appraiser's observation and information cbtainable through one or more of the following methods: a property suray, field measurements. constructions plans, previous appraisal records including other reliabie date records available. . PLEASE NOTE THAT IN DADE COUNTY, TAX ROLLS LIST BUILDING SIZED IN ADJUSTED SQUARE FEET. THIS ADJUSTED LIVING AREA IS THE SUM OF THE BASE AREA PLUS A PERCENTAGE OF OTHER BUILDING AREAS. ALL PATIO AREAS AROUND THE POL (EVEN IF SCREENED) HAVE NOT BEEN INCLUDED &/OR CONSIDERED IN THE ADJUSTED LIVING AREA. COMPARABLE SALES USED IN THE “SALES COMPARISON GRID" HAVE BEEN ADJUSTED ACCORDINGLY. + MARKET ANAYLIS SECTION/COMPARABLE SALES COMMENTS: 7) Every effort has been made to secure comparable sales, which closed witnin the last (6) month's period immediately proceeding the date of valuation. However, utilization of sales which occurred beyond the optimum period but within prior (12) months, an acceptable FNMA guideline, will indicate that analysis of current sales in the area of most simiiarity to the subject were unavailable or that those recent sales available would require larger adjustments than those chosen. Therefore, comparable sales used will reflect the selection of tnase properties deemed most representative of the subject property with similar utility Characteristics and considered the best indicators of value. This is a common and necessary appraisal practice in this area. In most instances and locations, market derived indicators reveals no significant difference to support an adjustment for time, measurable in dollar value within the one-year period analysis of comparable sales.in the area. Therefore, unless otherwise specified in the report no time adjustment have been made accordingly. Typically, the marketplace will indicate @ stable condition with no significant measurable increase or decrease of value in the subject’s immediate is neighborhood. *...FLOOD ZONE INFORMATION: 8) The information given on this report refers to the location/(or net) of the subject property in a "FEMA" or HUD identified special FLOOD INSURANCE RATE MAPS (FIRM), issued by the National Food Insurance Program (NIFP) of the Federal Emergency Agency (FEMA), and subject to a current property survey. The Flood Zone information appearing on this report does not directly address the question of whether or not Flood Insurance is required on the property. From time to time a subject property will lie on or near a zone boundary line and it may be difficult to determine which zone (s) is indicated... in such cases the appraisal form will indicate the most hazardous zone... Final determination of Flood Zone should be verified against a property engineering survey indicating flood elevations. ADMINISTRATIVE come LAINT EXHIBIT # PAGE /4_ of —_ {7 — J00 ‘ "SEPTIC TANK Cr + “NTS 3) If “SEPTIC TANK" is indicated on the site of the report, it is noted that this is an acceptable for of waste disposal and typical in the neighborhood. Unless otherwise noted in the comment section in the SITE area of the report or by separate addendum, no visible problem was observed at the time of the inspection, and the existence of a septic tank would have no adverse effect on the subject property estimate of value and/or its marketability. *... FINAL ESTIMATE OF VALUE CHARACTERISTICS CONSIDERED IN RECONCILIATION "Interior and exterior inspection of the subject property. "Exterior inspection of numerous comparable in immediate area of which (3} are used in the report. “Analysis of County Assessment Records of all area comparable sales history considered, whether chosen or not. *Evident maintenance and re-investment in the subject property and comparable sales noted and considered. “Analysis of marketing time for subject property and comparable sales considered will imply: ... The property will be actively exposed and aggressively marketed through commonly used channels by sellers of similar properties. ...List price offering reflects most probably markup over market value typically used by sellers of similar type properties in the area, ...A sale is consummated under the terms and conditions definition of market value required by the regulations. ****"RECONCILIATION OF APPROACHES TO VALUE"™™** The subject property will be valued using the Cost Approach, Direct Sales Comparison Approach and the Income Approach according to the Uniform Standards for Professiona! Appraisal Practices/July 1“ 1987. However, any omission of the recognized aopraisal methods are explained below and a reference comment =(N/A) will be made in the report valuation analysis accordingly. . : Typically the Cost approach is considered a supportive indicator of value when the subject property is a fairly new construction and/or has been recently renovated/upgraded most major components to date of valuaticn. Then, both the Market and Cost approach may be given equal consideration in the final estimate of value. However, where accurate rental data is unavailable for a subject property in a market area if mostly owner occupancy, the Income approach is considered inappropriate and omitted. As noted, (N/A) in the appraisal report accordingly. Most reliance is placed in the Income Approach to value for .Income Producing residentia! properties for the best reflects the attitude of typical investors in the subject property market area where sufficient available rental data exists for mostly multiple family residential properties. Finally, most reliance is placed in the Direct Market Approach to value wnen sufficient quantity and quality of current similar comparable sales are available as it best reflects buyers and sellers attitudes within the local residentia! market. .... Unless otherwise specified this appraisal report is made based on the " AS IS" condition of the subject property being appraised at the time of the appraisal report. ADMINISTRATIVE COMPLAINT. EXHIBIT # a Pace /S_ oor __ JV Appraiser: Date: - E.G, CartayaC.R.E.A #0002343 STATE CERTIFIED RESIDENTIAL APPRAISER [o| Wiig Nu, 722400527! Page #18, —__~_——_. Fie No. 722400SEF 10/24/01 REF. 930 E © PLACE, HIALEAH, FL. 33010 Report Histery: 4/11/00 - Winn this proparty was intially catied in for en appraisal report on a purchase of S205K it wes actively listed on the MLS for $119,806 as a FANNIE MAE foreclosure. Al the ime the market area research was conducted, available evidence for similar propeties showed that there wers four comparable properties most similar to the subject, wilh a value ranging from $158K to $185K A proected sates price for the subjeci progeny was estimated to range from $132K to $214K , based on those same comparable sales per S/Sq Ft $97 - $89) and AVR (Assessment to Value) Rabo According to tha original request. the selter documented par my conversation wth Macianela, the requestef, was nat the owner of titie per public records When this was Communicated (¢ Mananela. she informed me that the subje zt was in the process of closing with FANNIE MAL This property was then to be resold to 8 new buyer wilh the seller being the same as the one noted on the orignal request We then informed her that unni the FANMIE MAE lansaction was completed we could nol prepare an appraisal report with the noted seller The file was left as pending. unt! we received a FANNIE MAE closing slaiement noting the new owner 7128100- Co this dale, Matianala contacted us with an aporaisal order for the same property with a new purchase price of $195K. When the markst research was done, we again noted that the owner was still FANNIE MAE We left a message fof Mananela, and received a response the foliowing day 7/26/00. stating that Ine FANNIE MAE ctasing was scheduled lor 7/28/00 Based on the aniicipaled closing and tne lax raceived on 7/27/00, the subject's general information was entered into the raport Up until the final closing of the property and days aferward until 8/7/00, several Maraat analys § were Conducted Each one providing more relevant and similar comparabie information The repor, was Inen completed after the closing when an inspection of the property was compleled. The markat aralysis completed the date of the order, noted thal the FANNIE MAE MLS listing showed a new listing price of $92,500 with a pending sale status. Also noted, was that this was the second change since ils onginal listing thres months pricr, April 2000 A consolidation of all the market analysis completed since the order on 7/25/00, showed statistics far three simular comparable sales ranging trom $160K to $180K, a value similar to the one obtained in April 2000. Therefore. @ crojacted sales price for the subject property was eslimated lo range from $155 to $235K based on thora same comparable sales per $/Sq Ft and AVR Ratio Based on the consolidated markel analysis, all comparabie sales were considered and four were chosen based on two predominant characteristics, GLA square footage and lotal room and bath count. Those comparables were as follows “#1 - 640 E 6 Place - $180K - photo #6 . #2. 576 E 14 Sireat - $180K - pnoto #8 #11131 E @ Avenue - $188,900 - photo #7 #4 «234 E 13 Streat - $180K - photo #9 Aher exteriot viewing of the comparables chosen and verification of sale. it was determined that two of tne four camparab'es were not acceptable as similar saies. An additional comparabie was selected from the consolidated markal research The final properties selected were Comp #1 - 870 E 18 St- 10 Bes away from subject- Sold Ocv99 with 6 Bd & S$ Bths and 2,562 sf for $1BOK é Comp #2. 576 E 14 St- 8 Biks away trom subject - Sold May/00 with 4 Bd & 3 Bihs and 1,896 sf tor $180K. (per appraisal plant records ) of 11/4/99 avd 4p LIGIHXS MELSINTINGY Comp #3 - 234 E 13 Sl- 8 Biks away from subject - Sold May/00 with 6 Bd & 5 Bth and 2 249 sf for $180K (par MLS data records researchad on 7/25/00) Documentatior of tre comparables nat chosen is avaliable in the file. \ Response: Issue 1. ang 2° The date reflected on the completed appraisal report was tne date the general Information was enterad on 7/27/00. After the repo was completed the data, tne general infarmation was enlered, was not changed. However, as evidenced dy documentation in the fite, (maczket analysis on 7/25/00, 728100. 7/27/00, and 8.7/00) the correct dale the report was compieted was 8/7/00 40 tssue 3 Our office file contained an MLS printout showing the subject property in foreclosure wilh a fisting price of S9Z2K with no mention in the report As mentioned in the history. the listing price was changed twice within thrse months 8 lypleal occurrence amongst foreclosure sales These changes may or may not adversely atect the marketability and / or value of the subject. Afler the changes were analyzed and consideration was glven to the impact oa the subject it was determined that no adverse atect was evident Thus, the inferrnation was not noled on the resort. 3 x m oe) oO z a ime) Cc 2 Zz 4 —_——_ . — : g00-AL MODE * EXHIBIT. Form OCVA.. ‘TOA: for Wusdaws* agsraisal sotware by ala mode. mi ~~ ily Ne T22400SEF Page #19 ko 722400SEF tesue 4 Comparable wterioon for a property which soid for $166,900 was noi used. On 7/21/00 when the ISC information was pulled, it zopeared aa if the propery had been sold. Upon verification of the sale. through tna MLS and PRC, it was noted that the ssle was not recorded on e second external acurce. Per USPAP, the apprasai guidelines, all sales must be verified, at a minimum, through two external sour: Since the aecond source was unavailable, this comparable was unacceptable fasue 5 Comparable #{ snows a difference between the listing price of $145K and the closing value of $180K. Other sales considered and analyzed showed a typical large diference in value therefore research per area markel data derived did not show a significant difference requiring adjustment for this item lesue 8 Comparable 32 shows a dife:ence in squate faatage and bath count from the tax roll and 1SC This comparable was appraised by myself on 11/4/98 and data obtained frarn the report was that Ins property is BA bedroom / 3 bath home with 1.896 sq it The addition of the bedroom and baths are not reflected on the MLS and ISC records The noted bedrooms, along with the square footage on the reacrt appear to be 3 lypagrannical error A difference that would not warrant an adiusiment cf alter tne adjusted value giver 138487 Comparapie #3 data obtained Irom tne MLS shows tnis home gutted & rebuilt in 1989. nowever recut ag a 2/1 with two 1/3 & 1 studio receiving income although zoned residential which eliminated any adjustments far conditicns per data researched in the market area where significant difference was cong:dered & analyzed and found ta have a negative effect on the correction to comely with city zoning code Tris item eliminaled any conditions adjustments found between subject pr Tha bud eny and ths comparable sa'o propery was in foreclosure at tne time of the appralsai report. however no code violations were Mentoned in the listing report, mor ware ary found upon field inspection by Ihe aporaiser issue 8 Adjustments to ling items an the saies comparable grid are based on significant differences found in the rrarkat. {tus typical to tind diferences in value due to a diferent smount of bathrooms in similar properties. This ditarence is alsa seen when similar properties have @ differance in grass living area This 18 not a duplicate adjustment, but an industry standard, to adjust the value of the house for the differences in baths and GLA The amount of the adjustment is derived from the marke! data Based on the above mentioned analysis of simitar sold comparables in the subject's mar kat area and properias baing offered for sale, ths appraiser found that lypical buyers of similar properties within tne area were wilting lo pay $49 71 to $92 50 per Gross Livabie area. Therefore, this appraiser considered @ reasonable and expected price to be paid by lypical buyers to te $72 to $73 per sq tt for the gubject propery As the total gross flving area for the subject property is 2.678 sf at $73 per sq & = $195,494 (rounded) $195 000 to be the indicated estimated market valve for the subject property at the time Forrr UC¥A -— “"CTAL lor Windows® appraisal sattware by alamnde ime — Mt ALAMCOE aovd 40 —_—_——D OF JIGIHXS LNIVIdWOO 4 ALLVULSINIWOY SETTLER. | “TEMENT a. Ue U.S. Department of Housing A and Urban Development IMB Nc. 252-0265 ee Type of Loan FHA FmHA 3 Gane ning. 4. Fle Member vA SL. Cony, len 7 20-20955 7 usar \aTRar a Matpaye inecates Cars Mum pat | ent oPactua’ sett ————— NOTE: This form is furnished tc give you a st items marked (° oO. Cy were paid ¢ outsiag the closing: they are shown Pere for information purpes$as and 2 ig to and by the setter ex agant 4°? shown vot ncluded in tha tora!s vemant 22sts. Amounts Pf Name and Address af Borcwer E. Name and Agdres De LOPEZ © MIAN] UAKE WAY SOLTH 35 NOEL ROSS, SU ERAL NATICNAL MORTGAGE 4 s of Seller F. Name and Acdass o! Lender SSCCTATICH {72 609 SME LAKES. FL 33014 CALLAS, TX “Hespany Location ° i, Satiemant Agent | MATSON TITLE [ho JRA 2 9 PLACE _ . _| FAS FL 33010 an OK ig ace of Satan i. Setramen : 1800 Nd ASTH STREET, SNE Cate Ns #LE72875 347 , FT. USLOEROALE, FLORIDA 33309 e7e22-0) ea . \ j- SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION: _| 2" Gross Amount Due From Borrower «cc, Gross Amount Oue To Seller 1. Contract saws price _ 82,900.00} $01, Contract sa’es price 82,090.99) 930.50) 2 Parzanel propery ° 492, Parsonal o-c Z_Se" wment charges to Borrower (faa 1500) 679.00 4 a adjustments for or items paid by seller in advance _ 5. Cityitawe laces ot 7 County taxas __ Zz Assese ects to 28F3 GROSS AMCUN™ DUE FROM BORROWER 62,. Amounts Paid By or ounis Paid By or In Behalf of Borrower 1 Osposit or ernest no 2, Principal amourte¢ a 3. ng Wan(s) [ares suclact 10 59. Reductions in Amount Due To Seiler . fir pina mee Bo 91, Excess Deoosil (see ret tions) rae é.159,09 995. Payot of second no“ gage ‘gan : 508. 507. a 508. | $09. “ Adjustments tor items unpald by seller Adjustments for ems unpaid by seller Cityitown taxes to 510. Cryficwa taxos to m 1 County taxes | 01/01 to 07/28] _ 1,378.95] S11 Courty taxes 21 to 67/28 1,378.36 2, Agsessmants to 5i2, Assessments to 2 Br ~ a i; ————- marie ~ 5 _. 515. a 4518 ———__~ —__ } ——. 2 519. | 3, TOTAL PAID BYIFOR BORROWER . TOTAL FEGUCTICN AMOUNT OYE SE LER, 3,522.99 9, Cash At Settlement From or To Borrower Cash At Settlement To or Fro n Seller 1, Gross amount due {om borrower (line 120) 82,679.00) £91, Gross amicint due to seller (line 420) 82,000.69 2Less amounts paid by/or bowewar (line 220} 3.378 90) 602. Loss reduc: 96 cmourt de sete (lina 320} 3,518.99 FROM, BORROWER 79,300.10) 693. CASH xO. SELLER 78,491.10 2 CASH — Lb HATE BETWEEN Tr EMSELYES “O IRTLYOE Vanes. Aeebae, URDEC dan, ALE AGree THAY wATeON TNEREFORE Wik, ast he oF Creaine: ON DATE SAYER TS OF SAID 40 7 avd # \WGIHX3 AMLVSLSININGY a LNIWidWOoo GS tea Te7OON W992 FAL wus eos SETTLEMENT STATEMENT FILE #: 20-00985 82,008.00 CEP ANTMENT OF HOUSING AND URBAN DEVELOPMENT SETTLEMENT CHARGES: 5 TOTAL SALES/BROKER'S COMMISSION baséd on price $ Crision of semmission (fine 700} as Ioftows: $s 1,230-00 to COLOWELL BANKE! PAGE 2 PAID FFOM ° Ti233.00/BORAOV ER'S| SELLER'S FUNDS AT SETTLEMENT SETTLEMENT 1.50 - Hh 12,3 to % Comm'ssion paid at Settlemant Lean Orginatcs Fae + % - % 7 Lcan Ciscounl Acoraisa: Fee {0 Creat Report, to 2 SA is Z , too. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 301. Intgcast from to es iday 302. Moggage lasuranse Premium for to } Pazacd Iinsuranse Preniu for yts__to BH. BB x07, RESEAVES DEPOSITED WITH LENDER FOR 1. Hazard Insurance mo.S3 "S02. Mortgage Insurance no.Gs . an "39. City progery taxes mo.iD$ rf . “204. County property taxes _ mo.@$ 7. O08. Annual Assassmants mo.8$ “eS. _ mo. @$ __ S07 me S 1008. ~~ . yo, TITLE CHARGES _ __ 11G1. Sattlamenl or closing fea to WATSON TITLE [NSURAN: '102. Abstract ¢r tite search to WATSON TITUE/ATTO ‘303. Title examination to ‘ATSON THTLE INSURANCE Tike ingurancs bincer to . to a 1106 Frosessing te 1107, Atorney’s fees to Tnciydes above toms Not “108. Title insurance ta WATSOM TITLE INSURANG ~ (ingludes ava.s itgms No: landa"s coverage S ~ 0. Owner's coverage $ 62,000.00 471.50 ive] O Risk Fren FECERTIFICATICN WATSON TITLE INSURANCE 75.0) 112, ENDORSEMENTS TAC ANS TEN SEARCH WATSON TITLE iNSURANCE * GOVERNMENT RECORDING AND TRANSFER CHARGES : fo9s "Deed $ 12.50 _; Morgage § i Feiesses $ 16.50 = tyéstames Osed $ i Mortgage $ lavslamcs Seas S 432.00; Mortgage $ 492.00; ADDITIONAL SETTLEMENT CHARGES - Survey to _ Past Nssection to! WATSON TITLE [NSURRNCE WATSON TITLE [RSURARCE 0.00) ato. TO 5 = _ TAL SETTLEMENT CHARGES (ante: on ines 103 ard 502, 5 679 at = —— . _ 90 2.140.090 iPoas As! Pe MUD te Mistew ent apd 191s Bee gt my Wrowtodge a : Han. I furiner Gwt'y nat [Nave recaleed 3 tee NCO TORRT ~ Waya Werrone Se bat TT es vl ad rere'pts aed dae ser ey FERERTCNATORAU ROP ONGE LETC TOR 8 aovd 4 \NGIHXS INVA LSININGY 30 w 9 “Af ty sy ANI if APPRAISAL OF REAL PROPERTY LOCATED AT: 930 £9 PLACE HWALEAHL, FL, 33010 BORROWER/CLIENT JOSE GRANADOS, FOR: SOUTHEAST FINANCIAL CORPORATION 6713 MAIN STREET, SUITE 250 MIAMI LAKES, FL, 33014 AS OF: 7/27/00 BY: E.G. CARTAYA, CREA. #0002343 STATE CERTIFIED RESIDENTIAL APPRAISER FLORIDA Form GA3 — "TOTAL 2060 tor Windows" apgraisal sohware by ala made, inc. — 1-200-ALAMODE ADMINISTRATIVE COMPLAINT a EXHIBIT # / oo PAGE /_ oF _& : exniait__4 pace SS _ —_— ELSA CAATAYA CREA 0C02143 Fue a, PePatOSET] Page #5) ; ; DMARIANELA pomrtaag "FPF UNIEURM MESIDENTIAL APPRAITAL REPORT —_suexe 7224008 Agsresy 930 ES PLACE, cay HIALEAH Sai FL Tate: 33010 | CegatOescnpton LOT 17 GLK 28 PB 50-24 OR 190340017 Couny DADE ‘Assessor's Parce! No_G43117.004 1830 TazYer 1999 AE Tass $ 1.79023 fo1é Mssrssmens § 0 OG Gurywn JOST GAAHADOS Gurget Gone HORNED LODEZ Gecveaer (1 Guer i Tanaat tVaeier Prope used i Fee Semper Taeasenog “Pinegt tee | Len “TT Cendeminaen MUA ory OAS NIM iM ergngomeog 6: Proeet fame SUN-TAN VRLAGE Map heteence 53-41-97, Census iat 8 019 Sale Pee $195 000 Date of Sale CURRENT Gescugtian sng $ smout of 029 Staryvegnces ss WO bs pelt By sete, UNK LengeOuent_ SOUTHEAST FINANCIAL CORPORATIO fupens 6713 Main Street sute 240 Mian Laxes F1330-a Agorsr MARISEL ROSS #0006787 Acaress MIAMI FU A335 Lecaten Can LJ Supattan Ror Preceminant Single tamoy susie | Present iang use = Land use cnange Beau = Rowrtsn Chazszin Cy unce asy | seovney / ETS) Jone aty sf OG unwwey ty ney Grow: rte (C1 Rapa ox 6) sow cane £0 tow 47 _f2etemy 5) Flin process - Fropeny races { Vincraseg (Xi suve C] dectnng |? Tenant 219 eh 53 | balan . 2 Demanarsupoy (Snorage — AZ icewance CJ over susey | BB vacee cs sn) b= TH Commerc 4 2 Markerss time [Ti user: mos XJ iémas (1 overs mos | Ph yas ove sus) 089 50 Mote: Ace ang ine racial composilion of the neigndorhood ate aot appravsal faciors, ’ HegAberhooe Souneanes a6 charactesurs: Area Doundaties cn the Norn by E 21 St_on the South by € Hiaieah Dr St Tne east by, 10 Ave, and the Wes: by 4 Avenue _A prezcmunant averace residential nergnborncos actors Unat altect he mackecatalyy cl tne precemues it te negnbarions (proumty (9 employment ane exployment sanity a2 TaN eS) Sub'ect is Ac estaniishes resitential neghderncad which i$ primarily Comscsed of a miture of singte lary homes of ise along the maior arteries 00 Aat affect markelabulty of ‘amer close proximry Sudsect enjoys avetaze to cocd gopeal marketability to tee ares ty: 4 ferent ages amenwies are in ABOVE EINcISIONS related to Cee trend oF sr Such af 6 GA Comprlive ploperves lor sale im Ine netznDOrmoRe, GeszADLoA Of He arevaence Ol Sees ane fra HB Genera! market conaitions are staoie wth suaply and dema rs mDatance Loan ciscounts interes! buy dawns ang concessions by Seliers ave not uncommon All forms of local financing are available mine alee However, tyoical edsiments lo $a e$ price are not colla: lor Soltar Sales data maicates value appreciation tnry time Listing ratio 1s 95-100% Marketing time 1s Common at 3-4 rmihs Precominant value for subject neicndorhood has fo adverse elfect on subject's value andor as marketsDiny Project Intcemation tr PDs (i apnucatse)- - 1s Cie cevslaper/teilde: m comkal a! he ome Owners: Assozaben (cA)? Doves (Tie na Apprommate tout number ol wats in the subject project NA Approx total num ce! of unas Nor Sate wh the SL! om NIA Describe comman elemerts ang tesreauonat aclines NOT A PUD PROJECT Dimenwons _60x100 iapoyragny Level a: Grade Site area 6.000 Cormertot Ces No [sue Typical __. Soecitee zomg classilicattac and desenptca Re! SINGLE FAMILY RESIDENTIAL —| Shape Mostly Rectangular Aoning compiance OQ Legal (7) Lezat nonccelarsung (Granstameres use} (J bey LJ ts 22%ng Orage Press use i) Ghner use texoiain) view Uuaties Pups Ger Cr-ste improvements Tyne. Paris Prats |Lanascapmg Becttchy & Sure ASPHALT. ©) (2D jorvewsy Surtaca Gas & | ap () [2 fapoarert easements. Tyaeal of Recores War | il H SD lremasoecwpcoshegsaca Lvs SO ne Santary sewer ’ K&L} |feyw2one x Wap Date _MARIGG Storm sewer (1 fer Ti) Teewsisap No 1202450 160 J Comments [apparent adverse easements, enctoactmens, special assessments. Side areas, Hegel Or legal noncenformuny toning Use, es): No adverse effect nnoted Tne sppraiser noled no easements o:ner nan normal of recoras However, the appraise’ was not wided wth wirent copy of a property survey GENERAL DESCRPTION BASEMENT ASUGATION No. of Unts slab REINF CONS ___ [wea Sq. NIA Root ia) No. af Sicaes Icraat Space NONE Ss Finsnea NVA Ceang a Type {Det ax) Basement = NONE Cetin iA Walls Design (Stytt} Guazs & Owaspis, ADEQUATE Sump Pump NONE walis NIA Flor EnstngPropass¢ Wincow Type = AWNINGS lDamaness NONE OBSERV |Flow NYA one {} StomScieens «= SCREENS Setemet TYPICAL outside Entry NIA unknown TYPICA [_) Finished arez adove orade coniains™ 10 Rooms: 6 Bsdcoamisy Fa} ge (tts} 3950 FH Eliecove Age Yrs 1_15-20 Vantactures House NO NONE OBSERY | F foows Foyer : Unng [Omg T xzcnsa 1 Den fiec Am_|Sedroons! Batts T taundry ‘tea $a Ft Fy Basement _| | iz I I NA Fd (evel 1 xP T 2678 f=} Level 2 i t F | a l Fe Fa s WIERKA MaenatyConauon — [REATNG CHA fers tear, Roars C.Tite/Ava FWIAVG JRetngestr = [XI OQ fFesptaceis) # NONE B Wa's Orval Esect RargeOven (X CD jree OPEN # of cars TamFinish «= _WdsTitevAva Concsgn ADEQ Oispasas =) Jovop sar =) | beck 9 Bi Gath Floor = _C Tite/As SCOUNG «CENTR {Oishwasner [jf |Scume a ENTRY ® Bath Wainscot _C Tile/Ava ema YES Favhoot = BY | floor Ch [Fence ROWD x Coors H.D.Wooa'Stng tee C.FANS cone Jreates (J | Poot NONE - Conshan ADEQ tWasneriDryer Finusned i _IstRG SHED GONC DR Curd Entry, window lints, osen conc siab pat:>, cailina tans, concrete walks , ¢ tlle/ceramic tite Acarponal leatutes (special energy ellicient aezrs, flooring, RIW¢d fence Condman at Ine smprovemerts, depreciauon physical, luncbonal, and external}, cepa needed, quakty 0! constucnon, remodeling eddtions, No apparent ical of functional inadequacies holed a! the time of the inspection Physical deoreciation a'tebutabie to narmat wea! and tear Depreciation based on effective age Quality of constiucion ang conditions appears average: - Adverse environmenta! condans (such as, but a2 wiuted te hazarcous wi fous subsances, ets ) preset in ine impcovemiens, on the site. O° in he Wmimecuate ncuany of me sumect propery; —_Tnere 1s no agparent evidence of adverse environmental conditions on the site of sn the imorovements that would negalwely affect the vaiue ct the subiect property - Fredare blac Form 70 693 PAGE 1 CF 2 Fannie Form 1004 6/93 Form UA2 — “TOTAL 2009 tor Windows" appraisal sottware py 212 mode, iz. — 1-802 ALAMIOE ADMINISTRATIVE COMPLAINT a oa EXHIBIT # - PAGE a OF go Yacuange Section UNIFORM RESIDENTIAL APPRSIS%L REPORT Fenn 722000SeF_ BS ES TiMATEO $8 VALUE =f 73.905 arg 90 Cost CFSE [Sa2* 34 SCurLe TT Cas esate Sted DMATEG REPRODUCTION COST.NEW-OE INPACVEVENTS pat palsatation and Fee Dwerting 2878 S2% GS _S800 = S$ 347 290 oper t Me al he ea0eTyI. § = son Es - Sunect’s tand vena rate ys 4 APPS S/EXTRAS LUMP SUM = 8.000 28 ang has no recatve effect on sudiect's vatue &-or [Fg GarageCanae SqFt OS - tmarketability fad Tors Esaratsa CostNew . es 3155 290 [Cost estimated tnraugh MarsnaitS Sua Cost Vatuation 3v¢ & { FA tess Physical Fenctonal erat modified by feta! builder cos! intermation Beat Desecuncn 34.164] I = 34.164] Comps GLA medified te segregate non Ivable ateas ce” cubhe Depreciated Vatze ot bngrovements, . =$ 121,126 | records Asis’ Walut of Sue Imprevemests «= LNOSIFENCE/ORW ef 4000} Estunated rema:sing econome life ageroumately 40-5) years INQICATED VALUE SY COST APPROACH - as 185 126 sTEM | Suis i COMPARABLE NCI f ceMen ce 930 £ 9 PLACE 870 € 1B STREET S76 E $4 STREE Aggies HIALEAH HIALEAH HIALEAH Prasierity to Subvect eae Fey “9110 BLKS NW 9 SLKS NW Sxes Poze A : aa 10000! =. ffs ; 180 G00 is 7242 “4s 6972 She ts $250 Sb eno fhe “= | Pup Recores PUB RECHSC/FRC PUB RECISCIPRC SC/PRC Linsgecnon EXT VIEWING T VIEWING. ! scan sini scae | ORSCHPL ON > Fran; i CONV MTG. . | CONY ATS sors 2A g171 000 [$171 65. Jule 2" SueTice Testis MAY20CO a ERSF/AVS J} RSEAVG [fee Zen \ Tasso 12.000 | 10800. ~200 1 6750 NO ADI a Vt | RSFIAva 1 RSFAQ » RSFiAW URSFiAve Design angasoen PASTRY. istry ISTRY istry. Sualty ot Construssan | CASVAVG. Teasrave. CBS/AVS lessave Aze 11950 11987 NO ADS | 1949 NOAQU ! 1954 BM Sorciuan AVERAGE [AVERAGE AVERAGE BR zor Gree [Tour Germs Bans [ tou! -Boms Bans (Toa Gems Gas Fey Rozm Court 1 6 6 /10°.6- $ stso0[7 23 +1500 FY Seoss ung are 2679 sa # | 2.582 Se Ft 21700 146 $3 4 +7,700 Bed asenent & Frais | NIA NIA : NIA Fr Azans Seton ute | NIA NA i LNA [29 Funenonal Uaey ADEQUATE _| ADEQUATE {ADZQUATE 3) TcenTRW UN | CENTRW UN LCENTRIW UNTS CENTRAL 7,00 tS] TINSWNO/OOOR | INSW/NODOOR 3 HINSWND:DOCR INSV/ND/COOR 3 CONC/ORWY _| SLABSTRIP. | CONSORWY TCONC/ORWY Fe] Parca Pana Dek PORCHIPAT: | PORCHIPAT/ PORCH'PAT/ PORCHIPAT! By fireosace(si_ sic NONE NONE : NONE NONE, @ Fens Pool es FENCINONE | FENC/NONE FENCINONE { FENC:NONE H SHUTTERS. TYP KIT EQUIP Tye Kit Equip +2800 | UPKIT EQUIP Be g "8200 — 8.200, Wace & 2 188 260 fin Gesign and ed market vatue of | COMPAARSLE NC 2. COMPARASE Kt 3 COMPARABLE Ke 1 NIA NIA : Pee and Data NIA A Source, for prim sates A vita year of appaisai__ | PUBS RECOROS | PUB RECORDS Aralyses of ary tumeat agreernecd ol sale, opoon. o4 Rsortg Of suIyess proves a: Subject estimated rackal value is consistent wth aveve sales anavsis Pr indicators, Subject and Cortias sold over a yeas 290. INDICATED YALUE BY SALES COMPARISON APPROACH... . 3 195,060 WOICATEO'VALUE BY INCOME APPROACA ‘i Azorcable! __ Esomated Maree: 32 3 N/A fo» Gross Rew Meboier N/A eS compleuas De pans & soeci‘teatons. Tres appraisal is made bd asi" Tsutyest the tepals, akeravons, wscections or conotians lized below conteons o Appiasy Insufficient data be available for the Income Aogrsach_This 's a summary report of a imted appra:s2i as defined by SR 2-2(p) USPAP Final Resonctanes, Actual Ouyer-seller apgroach is gwen greater weight in the reconcifiation The Cos! Pua OROS PUB RECORDS, nalySis of any p07 af subject and compar atthe Gate of aporaisat. evious Sales noted a7¢ total assesment value oiven as value trend = wn ihe markel afea_are most accurately analyzed ty the Sales Comoarisan Aporoach That i Approach orovices confirmation criy The income soprsach was not dunved duello lack of accurately verifiable data for the mostty owner occusied area ase ol bus agprarsal lg 10 esimate the mare value of me (eal property Tat is te suect of Cus revert, Dased on Tre av viheabaa, conbagent orm 439 FSIA form 10088 Revised i 72770, ~ RECONCILIATION. = die Not Prapeny APPRAISER: , Signature tt ne “2 E.G CARTAYA CREA Name MARISEL ROSS Ay Cate Reoest Siznes 7/27/00 anetSigesd 7/2 TCO State Cech Nia Stats Fe. B eB OOC243 Site FL Or 32 # _9006237-ST REG ASSIST APPRAISE Sits FL ese # ST CERT RES APPRAISER State FL PAGE 2 GF 2 Form 1004 6-83 Feadaie Mac Form 7) 693 - Form UR2 — TOTAL 2000 lor Wings" apacansal sobvwart ay a ‘a mode, Ine. — 1-BO0-ALAMGZE ADMINISTRATIVE COMPLAINT EXHIBIT # PAGE /__ OF 17 UNIFORM RESIDENTIAL APPRAISAL REPORT MARKET DATA ANALYSIS mratket feacuod fo nase Lees of agndcantvaranon beineea tavarabfe han tne Sumkect preceny, a menus (+ adpssTerd favarazae than, We subject property, jsse ind corroarteie preperies, Ha sgeicant hus reduting the dicated value of the Sut-ecl i Giss is] saioesrent is race, tas ecreaney he wend rave ofthe sebiect TES [ __suBecr CUPRE NO 4 930 £9 PLACE 507 E 17 STREET goes HIALEAH . _o. Prosmmdy to Subect - _ aT -—. _ _ Ai on : tT ls _ Pub Records | PUB REC/ISC/PRC ventieatca Savers | Inspection NEVIEWING ; VALUE ADJUSTIENTS. ef _OESCRIPTION s+ fn j8 Aust rteiadaat | CESCRRTON paid Ast Sas of Financing {CONV MTG — Cancessors | NONE NOTED. . . . . . Qate ct Sule Tune 215700 . ue . Laciuon RSE/AVG IT RSF/AVG __. > on nn . Pee rae A 6,000. 7830 ~_ 15004 a _ 3 RSF/ Ave _IRSF/ Ave. a . _ _ _ _-. 4 _istey. ISTRY . _. EY cuney a1 Corsirucin 1CBS/ AVG. C3S7AVG - ~ Fa¥ Ace 1350 550 _ _ EY congnen TAVERAGE, AVERAGE __ _ _ Fy Avove Grace Total Borns. 2: cims_Batns_ FJ Roam Count do 6 6 !1$-5 $ _ FH cross tusing Area 2,078 $2 FL 2543 $9 Ft _ Sa FY Sasemers &fcisnes |N/A . N/A “BB coms Beto Gr N/A N/A. : a . . _ oe Bl Funciaaal Uity ADEQUATE | ADEQUATE. 7 - 1 _. _ _. Hezting’C ooking __ CENTR/W UN {SIMILAR | . : . Energy Etticent gems | INSWND/DO |INSWND/DO = ~S . . GaragesCurport CONC/DRWY_| CONC/DRWY _ _. 7 Parch, Patlo, Deck. PORCH/PAT/ | PORCH/PAT/ : : Fiveplacgish etc NONE NONE _. tl Le one. : | FENC/NONE | FENC/NONE © _ : H SHUTTERS UPRIT EQUIP [ype EQUIP. Ret Adi catald [its ley 2,400 . Acqsted Sales Pree x a 5 197,400 Date, Pree and Daa | N/A Source tor priar sales wehin veat of apgeaisas | PUB RECORDS | PUB RECORDS Comments ADDITIONAL COMPARABLE 4 SUBMITTED TO SUPPORT SUBJECTS INDICATED EST! me VALUE CIVEN IN THE REPORT COMMENTS Marael Gaia Andlysis 6:99 Fotm UA (AC; — “TOTAL 2066 ler Winzows* appraisal software by a 12 mode, inc — $-800-ALAMCOE ADMINISTRATIVE COMPLAINT EXHIBIT #__ . PAGE or __/2_ 6K DEFINITION OF MARKET VALUE: Ihe most prctabie suce write 3 aiivelty sieve Ling 8 compeltiee and oyee mareed veter aM condiiuns requiene 18 4 fae Gale the Beever and Aator AACR Aching prterhy Namwtedgeadiy and aecuening The one ME fet aMertad By URGUR atmieut — langhee im te Getnsicn 1s tre Comtummaton of 4 tule a5 of 2 spectied dale and the passing of Ltle Trown saet to Buyer uncer condinans wrertSy (1) Suys and seer are typcaty moveated, (2) dot parues are wel infc:med or well advised, and exch acting at what ne considers IMs Gwa best wierest, (3) a feasonste tine 1s wowed foe exposure tn tha agen marnet: {4) paymect it mace in terms ef casn on US. collars or in terms of hnarciat arrangements comparable Ineryts, tng {5) the gece depiesens Ure nctmal consderation for the property sod unattsctes by special ar crealive fitancing G: sates concessions” granted by anyone ass with the sae " Acyusiments to the comparables must be mace Kr special of creative Imancing of sates Concessions. NO adjusiments are Secessary fer those casts which are normaly paid by sellers as a resut of wraditon or law mt a amarhel arts: Inese cosis ae tezddy Cesutatie roe INE selet Hays these costs um viduaty a sales Uansachens, Special of create financing adjustments can be made lo tne comparable pigpemy ty comparisons to financing terms cmered By a Ud party Wsttutional lender that IS ct assacy invones ie the pioperly of Uansachan, Any adjustment should oct be calculated on a mechanical dcitar lor dcita: cast of ine frarcing ct concessicn tat Ihe cofar ameunt of any adusiment sroud apprommate tht mama's seacton lo Ine financing or concessions based co the acpiaiser's iedgement STATEMENT OF LIMITING CONDITIONS AND APPRAISER’S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: Ihe appraisers cer soadiions Caton thal apreas in ine agsrassal (epar i Suuytet 19 ine Ialowirg 1 The apocaser wal aot Ge tespei the te |S gcdd and marketatie ano, th cownerstup icc mmarets of a legal natsce that atect eanet the gragety Leng appraised ar the Wwe tof Ths appraiser assumes tat J nat ranger any opens ancut the tite The propemy 1 appeased on the oasis of d being undst teszcosibie 2. The appraise: has provided a stetcn an the appraisal report to show apsvoxmate dmenstons at the morcver the ceader of the report im visualizing ihe property aro understanding the appraiser's cese:munation of KS size ss and Ine sketen is ed ahly 43 assist 2. The appraiser has examined the available flccd maps thal are provided by the Federal Emergency Management Agency [or ather data sowces) and has foied ln the apprarsal report whether the sudject sae Is lecaled in an dentibed Special Flood Hazard Area Because the azpraiser 1s mot a surveyor, he ot she makes a guarantees, express ot implied, regarding this determination 4. The appraser wit not give testmony ar ap; i question, unless scecilit umangemen's te do $0 Mave been made Delorenand. m cout Recaure he ot she made an aporassat of ine prc; 5 Ine appiatser has estimated Ine value cf the land ia tne cost approach at AS highest and best use ang [ne provements at their contidelory valu, These: seoatate valuations of tht land and imptovements must not be used a conjunction win any other aggivisal and are mvad they are $o uted, 6 The appraiser has noted m MMe appraisas 1eport any adverse Condtions {such as, Resded sepaes, depreciaticn, the presence ‘ol hazatdous wastes tonic suostarces, alc) Goserved during the Inspechcn of the subject property or tnat Ne of she Cecame aware of curing the norma) research unvowed mn pertoarung the agzraisal Unless otherwise stated wh the appraisal rece, the apptarser as no knowledge af any hidcen of unapoarent condtions of ihe prozefly or aavesse envitonmental conctions [including the presence of hatarcous wastes, toxic substances, etc.) thal would make (ne propery More oF tess valuable, ard das assumed that Inere ate no such condfions and makes no guarariees ot wasranliss, express or imphed, regarding the condion of the propery The agpraisec wil not be responscie lor any Sica conations that do est or for any engineering ot lesing that might be tequred to Gistaver whelner such conddions exist. Because the apprasser is not an exped mm the field of envwormental hazards, the appraisal repo must net be considered as an enuormental assessment of Ine propery 7. The apprasser cbtaines he iGformation, esttrates. and comucns that were expressed m the appraisal recon trom scurces thal he or she considers to be tehabie ang Detiaves them to be true and correct. The appraiser does nol assume resoonsibaty fer the accuracy ‘of such gems thal wert lunistes dy other p 8, The appiaser wit net disclose the contents of tne appiasal report except as provided [or wt the Uriterm Standards of Professional Apprasal Fr 9. The appraset has based hs or her azoraisal repon acd valuation conclusion for an appraisal that is subject to satistactory Core! n, reDas, oF Alerabans on tre assumphon thal completion of the improvements wut be pecormed in 2 workmanike Mare . 10. ihe appcaser must plavice his or her prot witten consent before Ine Hendercient species an the appraisal report can distrbute the appraise) teper Yoctusing conclusions atau the plopeny valut, tne apptaiser's Kentty and prolersiana Gesignations and teererces ta any Crotessional aor niganzauons 1 tne tum wan which Ihe appraiser is associated) to anyone olher than the Derrawer. toe Mongages or AS successors and assigns. the mongage inswer, consutans: pialessiond apgraisas organzatzons, any stale or tederaliy approved linancal mstiuiton, or any depanmem, y. OF insinmestatty of Ure Unted States ot any state or Ine Distict of Columoia, except that ihe lenderichent may distribute the propery cesciiption section ot tte feport amy 10 data collection or reporting service(s) webout nawing lo oblain the appizis2r’s por wctten consent, Tne appraisers wien consent end azproval most aso be obtanes beloce Ine apgiaisal can te conveyed by anyone 12 the publ through adeer:sing, pudtc selations, ews, salzs. Cf other mecia Fredgie Mac Form 439 6-93 Page tol? Fannie Mag Form W042 6-93 ELSA CARTAYA, CREA 0002343 Foun ACR — “TOTAL 2090 tor Yivicaws* appraisal software by ala mode. ms. — 1-200-ALAMCDE ADMINISTRATIVE COMPLAINT EXHIBIT # o PAGE 3. OF 12 ST Fin tag “22SEC Page a APPRAISER’S CERTIFICATION: Ine Acova. ses conikes san agrees rit 1 Lnaee sesewcned the subpect manet atra and Rive selected § mremum gt Iter recent xia oF hoe raneeraton in he sales comparison anatytis and Rave made 4 Collar adiestnveed when arprepra canaten tt a sqestcanl fem aa comparable propeny os superar te ot mare Hegeaaie than, fhe thy tne augusted ales poce of Ibe camparae and. 2 wyedicam ae ma cemparate prapety « wtener 12 & a ypssdeve adjustment to necrease the adusted sates price ol UN comparapr ax mou sendar aed praumate [a Ih subyecl Brarets Ia eotect tne maruet exacten Io Inase meme a gna st have made a regtive agauttmeat tatu: than Ihe sutjec! peopeny | Rays made phage taven ae contateraticn tne (actors that Mave an ergact ar sine in my evdlermect fine ec es ef markt valve mn the apgeaesal erga Utaye ect ewrainghy vetted any savtcant wttormanign tiem ime appransal vegu't acd | bebeve, to Ihe Dest of my Mrontedge that all statemests and inicumarge mv ihe yea wsal rena ate tue and COuteCE 1 Ltr sa the angeassar regad ely oy own personal undaset and grolessionut amalyus oynicns ral Inning conatvens specteed Ines fem sowhich are subset ondy 49 Ine cortang: 1 Lave na puesert ct prespechire smerest In the piapedy that tne subect to Es tepnit ant hace en precect ce peaspectir persanal interest at teas wt aruenarts 9134 ansacton Edd scl base, etter pataly ce Complrtny my aealguas as 21 he orate of marke value wm the agoratat raped color roiqian sex Raficap, tamial stacy, oc pala angan of exter the placpactive Garere cr ace Nees Gt Ihe suet mepeny ot gt tt erg ge occunanis of Ihe gzoneces the viginty of the subject plone cot Sy nave na pleseet of caninotaed fire Inerest ithe subset prone, ang meaner my current cr 1 jes nor my compensation ix pertsrn sg Is lapreanar is cuntingert a0 Ihe Aggrased value of Ihe progeny se Laas nat seaurad 10 cegant a gredetesnined valet or dvection in evr that favors the cance af Toe chert or any trated pAmy. Ie amount of ine raiue eetmats ie akacment af a specdic tesut, ef Ihe occutrence cl 2 subsequent evel m order Io atceme my compensutcn 3°21 emoloymert ter petormng the appearsa | thant bate he apgrasat regen ena requested minkrasm yalvaion, a spre vaualcn of the need 10 aporove a sree te er gage Wan 7 I peroumes Ins anntaisat wn cantotmay wan the Undorm Standards ef Professional Apnvaisal Srachee thal were adgaled and promesgated ty the Anprarsal Stamtaass Beard ot Ine Apgrarsal Foundation and that were iA place as ol the eteciree date of Is apprarsal, wen tos exception of the departure provision at meu Stovatads. which does net ancly I ackoawiedge that an estimate of 2 reasoragte time for erpoxute ya IRe oper mart es a condévon Wn the definten of marer: value aevt the estenate F developed is consistert with Ne marketing time noted in ihe neighoorhoads sector @! this 14707, urless | have cihermse slated m the reconciration section 25 comparables in the agpaival cope e, of an any Ste wiha the knmeduile 4 Unwee persacaly insnacted Ihe #keror and exitoor areas ¢! Ihe sumect property and the edecior of at properties list F turtat cathy Mal | Rave ated aay apparent or known adurnse contmans fn Ine subject improvements on the suite! weinty of Ine suhyct propery of which Tam awase and have made adyosiments lor these adeerse Cor tons m my analyses ol the properly valut to the rvter! thal tnah masket evidence te suppor them [have atso commented about Ihe eftect af the adverse Conddians en maretarity of the sutyect precerty, @ IL prrsonaly prepared 2 conclusions and opveons about Me ceal estate Inat were set foan in the atpearsal depot Wb relied on sigrdicam prateccanat aswstarce Irom any indendual of Individuals tn (xe pertormance ‘ot the appralsal or Ihe preparation of the annvaisal 1ep0f, § Raye named Such nénidualis} ad disclosed the specdic Lasxs pertormed by them In Ihe feconchuation section of this apptatsal iepot A cecty tat ary individual $0 named bs dcafied lo peto™m ane tasks | have nal authorized anysng 10 make a change 10 any fem In the teport, Uhevetove, Wan unattonied Charge fs made to the appiatsal raped, | we taee na trspansibday lor a 10 Thic appraisal report will be used for a Mortgage Loan appheation purpose only. The appeaiser has established that the chont understands the limited utility of this “Sumaary Appraisal Report” and has establisched that a "Summary Appraisal Report" ie suntable for their intended use This appraisal report is prepared and ils use restricted to the Client/Lender anlicated in the header section of this report “THE USE OF THIS REPORT BY UNINTENDED USERS AND FOR THE SUPERVISORY APPRAISER’S CERTIFICATION: Ita supeevisary appraiser signed the apgrassal repar. be or she Gentes and agrees that Ladeeetly supenese the aprtaiser who prepared the aporassal report, have tev 4 the appralsal report, agree wah the statements and conclusions of Ihe aperaner, agirr to be Bound hy the appraiser's certtheations cumbered 4 thiough 7 above, ang am takeng ful tespamsibity for the 333°asal and the appeatsal reget ADDRESS OF PROPERTY APPRAISED: 930.£ 9PLACE, HIALEAT!, FL., 33050 _ APPRAISER: . SUPERVISORY APPRAISER (only It required): Sqmuuee £02 7° 42% _ Signe: 2. te din MARISEL. ROSS #06287 _ Mime EG CARLAYA_CR Date Signed: _7/27/00 __. . _ Dae Snes 7/27/60, State Certihcation @: N/a _ ee State Costicanen # OCO2. or State Leense @ 0000297-5T. REG. ASSIST. APPRAIS ov State License # STCT State FLL | - Sale FL ne _ Expaaton Date of Certiicatun of License (41/30/2000 _ __... Eepitation Date of Cecidicaton oclicense: 11/30/2000 147 Did Oid Not Inspect Prepeniy. Ferthiue Mac Form 435 6-32 Page 2a? Fannie tae Form 10248 6-93 Form ACA — “TOTAL 2000 tar Windows" apgtalsal software by a!a raat, mc — 1-200-ALAMODE ADMINISTRATIVE COMPLAINT EXHIBIT # > PAGE 4 or __/7 aD Sect Photo Page Songee, 2x JOSE GRANADOS Propety Access 930 £ B PLACE _ Cry HIALEAH Courty ADE Sas Fi 2p Code_33010 (|S erneaar cuancu anaoaanion a? Subject Front 930 E 9 PLACE Sales Pree 195.000 1 GLA 2.678 Total Rooms 10 Toa Bers 6 Toul Saters 6 loezion «= RSF/AVG. Vow RSFIAVg St 6.000 Guatty CBSIAVG age 1960 Subject Rear Subject Street Form PiCax6 SR — ‘TOTAL 2000 for WinGows” anptarsa: somwaie Oy & la mace, mc — 1-800 ALAMODE ADMINISTRATIVE COMPLAINT EXHIBIT #2 , PAGE x5 of __/7 toger__ SCUSTHEAST FINANCIAL CORPORATION _ c arable Photc Page (eae JOSE GRANACOS : Propety Aosress, 830 E 9 PLACE DACE Site FL Jip Code_330:0 Cty HIALEAH “oy Comparable 1 B70 18 STREET Prormty 10 BLKS NW Sate Pree 180,000 Comparable 2 576 E 14 STREET Proxirvty Sale Pace Pronty Sate Pree foam PICAG CA — “TOTAL 2000 for Windows® apsvarsal software by gla mode. it. — 1-800-ALAMODE ADMINISTRATIVE COMPLAINT EXHIBIT # 2 : PAGE @_ OF } / 9 BLKS NW 180.C00 Comparable 3 234E 19 STREET 8 BLKS NW 180,000 Ga ‘¢ arable Photo rage Scte_ FL Ip Crce_ 33010 Plover Address _930.E 9 PLACE Cry HIALEAH County OADE endar__ SOUTHEAST FINANCIAL CORPORATION ~ — oor eae JOSE GRANADOS. Pe Comparable 4 567 E 17 STREET Prax to Subset 12 BSLKS NE Saie Pace 195,000 (CPL CR — TOTAL 2008 for Windows" apprasal gotta are by ala mode, int — 1-809-ALAMIOE Form Pi ADMINISTRATIVE. COMPLAINT EXHIBIT # PAGE 7_ of __/7 Location Map vase tient (OSE GRANADOS 930 £9 PLACE y 8 Form MAP.LOC — “TGTAL 2000 fot Windows" aopiaisad scttware by ala mde, it ADMINISTRATIVE COMPLAINT EXHIBIT # 2 inc. — 1-8C3-ALAMECE pace Bor 7 a4 + ce De ORT BULLEN G SRE LUTE ALE et SUBJECT APPROXIMATE INTERIOR LAYOUT HEASUREMENTS = TOTAL is 16.7 ¥ 97.2 = 955.2 e? 8.8 X 62.3 : 458.4 90.4% 57.2 = 4,166.9 BD S2N 18.0 = O76 Tot Livable: 2 2,678 BD ETH fers BTH eD BIH . seyte BD Total Livable > 2,678 Total Patio : 132 NOTE: THIS APPRAISER IS NOT A SURVEYOR, ALL DIMENSIONS ARE APPROXIMATE AND ARE FOR VISUAL AID ONLY. THIS APPRIASER'S CONTINGENT & LIMITING CONDITIONS ARE ATTACHED TO AND INCLUDED AS AN INTEGRAL PART OF THIS REPORT. ADMINISTRATIVE COMPLAINT EXHIBIT #__- 2 PAGE Via ia Oe, ¢ 11% $t 2 Yate St : t ose 5 SSS eal H der Tein $t L rote St Tote $te ter nde av Cote Cin te ae z f = 1. 5 i 3 Ka) ‘ fo) 4 Cc z z 3 OF 42 cy FLOOD ZONE MAP ADMINISTRATIVE COMP LAINT; LE EXHIBIT # PAGE - ADMINISTRATIVE COMPLAINT. EXHIBIT # PAGE ———ooo. \ € PROGRAM 1 | arronay FLOOC INSUR ANC FIRM | ' FLOOD INSURANCE RATE MAP \ “DADE COUNTY, ~ ob FLORIDA AND INCORPOR ATED AREAS PANEL 180 OF 625 {see ae IDES FOP pangcs MOT ORMTEOD i CONTENS nna tee, AE MAP NUMBER 12029C0180 J MAP REVISED: MARCH 2, 1994 Mas i rederal Emecgencr Management su] ; er tet ed FLOOD ZONE MAP os ad LEGEND SPLCAL FLO0D HAZARD ALL AD HF INUATI v BY 100-yYCA4R TLMOO TONt # re ocean eet 20ONC At Pare Mor eh 2ONt At for semaeeeyt frune aemine wt bite t oe! ZONE 20 land vente at Liab teat torunty thre hoe on fereunes For areas of nmzeso! tan o9o4g welogiies alsa deler mined ping Vetrael, Aves nur MeL Er ZONE 499 Yo ve praterted Irom $00 yea" Moot ty Tederetlood protechian systems unger cane siruttion, no bose Hood cirvatons acters mrec. Coastal tad etm wrigcily Rerned Fauve Ae taal no sore Wood elerotions derernened LONE VE Cesniel toes eth ceinedy harad feave 9€ hor, Cate Hous eleeanuas Uri mened FLOOOWAY AREAS IN ZONE AE OTHER FLOOD AREAS (7 \. Zone LOO pra tend rest et WOO yma my at eas Maan Vagt vere tates om 10 yo and orcas prolecire My Kerrey Hood OTHER AREAS ZONE x Mees Arlernened to he eulsite 200° year Nomapton . ZONE O Aeros nm ehich Hinad Horard’, ore widelers mmned UNDEVELOPED COASTAL BARRICRS* SS GS tornt hes tarsnned Diner wine 1933 1990 Provectea M101 SCenciod lunrsses ueeas ave noemoliy Incaleg entinn or adyne snl in Sieciot Hund 6 Mp8 . Fravgpiom Dourdan y fioodeoy Bounea'y Jone 0 ourdory Boursery Nividing Special Toad Horord Tones, anu Rowngary Divieng Areas of Mevent Constar Kase Flange Biesonons witne Snrtolflone Harare Zones Pace Cineadt Lkewantioss fie, 1 leew astig Teese Gren, Schon tee (EL 987) Rose Fiose Ciesation & Feet where Unilorm . “ wine Toness —_—- 5) eer Crevation Selerence Work Rover le eeDelerenced to the Hannaat Cadel Vertical Deluna ol 17% FLOOD MAP LEGEND - ADDENDUM ADMINISTRATIVE COMPLAINT EXHIBIT # x PAGE /X_ OF {7 % ADDITIONAL COMME. .TS ADDENDUM ADDITIONAL LIMITING CONDITIONS AND FXPLATION OF THE REPORT *,...PURPOSE OF THE APPRAISAL: 1) The purpose of this report is to estimate the market value of the subject property as of the date indicated. The definition of market value is defined cn FNMA Form 10048 (6/93). The subject is appraised on basis of conventional! financing, unaffected by any special financing concessions, fees, costs of credits: in accordance with the definition of Market Vaiue atiached hereto. +... STATE CERTIFICATION: 2) Ose or more of the appraisers identified herein ere certified under Florida STATUTE 475.01. Accordingly, at the cerlification contained herein is amended to include the following: “THE ANALYSIS, OPINIONS, OR CONCLUSIONS WERE DEVELOPED AND THIS REPORT HAS BEEN PREPARED IN CONFORMITY WITH THE REQUIREMENTS OF THE STATE OF FLORIDA FOR STATE CERTIFIED APPRAISERS. THE USE OF THIS REPORT !S SUBJECT TO THE REQUIREMENTS OF THE STATE OF FLORIDA, RELATING TO REVIEW BY THE REAL ESTATE APPRAISAL SUBCOMMITTEE OF THE FLORIDA REAL ESTATE APPRAISAL BOARD”, +..NOTICE OF THIS APPRAISAL REPORT INTENEDED USE AND RESTRICTIONS: . 3) This eppraisal report will be used for a Mortgage Loan application purpose only. The appraiser has established that the ctient understands the limited utility of this “Summary Appraisal Report” is suitable for their intended use. 4) This appraisal report is prepared and ils use restricted to the Clientlender as mentioned in the header sections of the report. “THE USE BY UNINTENDED USERS (ANYONE OTHER THAN THE CLIENT FOR THE SPECIFIED USE)... IS PROHIBITED. EXPLANATIONS OF THE APPRAISAL REPORT +. NEIGHBORHOOD PREDOMINANT VALUE-SECTION COMMENTS: 5) Reflected in the “Neighborhood Predominant Vaiue” section are the lowest and highes!-prevailing selfing prices- of typical single family residential homes in the neighbornood which closed and are deemed to be good sales within 12 months prior to the reports effective date. \solated extremes at either end of the range were omitted. . The predominant vaiue in the neighborhood will nol always be the same as the subject's appraised value. This does nol necessarily indicates that an adverse condition exists. A thorough research performed of the subject's immediate area evidenced that the neighborhood predominant and range of slightly higher an/or lower values then the subject's appraised value have no significant adverse affect on the subject's marketability, unless otherwise specified within the report. +... EXPLANATION OF BUILDING AREA (SQUARE FEET) FOR SUBJECT & COMPARABLE SALES IN THE SALES COMPARISON GRID OF THE REPORT: 6) This appraisal uses “ACTUAL-LIVING AREA” in the market analysis both for the subject and comparable sales properties. The living area used for the sales data has been abstracted from the PUBLIC RECORS/TAX ROLLS- a service provided by SC &/OR PRC an accepted appraisal practice. ADMINISTRATIVE COMPLAINT EXHIBIT # x PAGE /2_ OF 17 ae However, it may have been further modified by the field appraiser's observation and information cbtainable through one or more of the following mothods: a property survey. field measurements. constructions plans, previous appraisal records including otner reliable date records available. PLEASE NOTE THAT IN DADE COUNTY, TAX ROLLS LIST BUILDING SIZED IN ADJUSTED SQUARE FEET. THIS ADJUSTED LIVING AREA !S THE SUM OF THE BASE AREA PLUS A PERCENTAGE OF OTHER BUILDING AREAS. ALL PATIO AREAS AROUND THE POL (EVEN IF SCREENED) HAVE NOT BEEN INCLUDED &/OR CONSIDERED IN THE ADJUSTED LIVING AREA. COMPARABLE SALES USED IN THE “SALES COMPARISON GRID" HAVE BEEN ADJUSTED ACCORDINGLY. *, MARKET ANAYLIS SECTION/COMPARABLE SALES COMMENTS: 7) Every effort has been made to secure comparable sales, which closed within the last (6) month's period immediately proceeding the date of valuation. However, utilization of sales which occurred beyond the optimum period but within prior (12) months, an acceptable FNMA guideline, will indicate that analysis of current sales in the area of most simiarity to the subject were unavailable or that those recent sales available would require larger adjusiments than those chosen. Therefore, comparable sales used will reflect the selection of those properties deemed most representative of the subject property with similar utility characteristics and considered the best indicators of value. This is @ common and necessary appraisal practice in this area. In most instances and locations, market derived indicators reveals no significant difference to support an adjustment for time, measurable in dollar value within the one-year period analysis of comparable sales.in the area. Therefore, unless othenvise specified in the report no time adjustment have been made accordingly. Typically, the marketplace will indicate a stable condition with no significant measurable increase or decrease of value in the subject's immediate is neighborhood. *...FLOOD ZONE INFORMATION: 8) The information given on this report refers to the location/(or not) of the subject property in a “FEMA” or HUD identified special FLOOD INSURANCE RATE MAPS (FIRM), issued by the National Food Insurance Program (NIFP) of the Federal Emergency Agency (FEMA), and subject to a current propery survey. The Flood Zone information appearing on this report does not directly address the question of whether or not Fiood Insurance is required on the property. . From time to time a subject property will lie on or near a zone boundary line and it may be difficult to determine which zone (s) is indicated... in such cases the appraisal form will indicate the most hazardous zone... Final determination of Flood Zone should be verified against a property engineering survey indicating flood elevations. ADMINISTRATIVE COMPLAINT EXHIBIT #. 100 "SEPTIC TANK Cl * “NTS 9) if “SEPTIC TANK’ is indicated on the site of the report, itis noted that this is an acceptable for of waste dispasal and typical in the neighborhaad. il Unless otherwise noted in the comment section in the SITE area of the aa _7 report or by separate addendum, no visible problem was observed at the time of se the inspection, and the existence of a septic tank would have no adverse effect on the subject property estimate of value and/or its marketability. *... FINAL ESTIMATE OF VALUE CHARACTERISTICS CONSIDERED IN RECONCILIATION “Interior and exterior inspection of the subject property. *Exterior inspection of numerous comparable in immediate area of which (3) are used in the report. *Analysis of County Assessment Records of all area comparable sales history considered, whether chosen or not. *Evident maintenance and re-investment in the subject property and comparable sales noted and considered. “Analysis of marketing time for subject property and comparable sales considered will imply: ... The property will be actively exposed and aggressively marketed through commonly used channels by sellers of similar properties. «List price offering reflects most probably markup over market value typically used by sellers of similar type properties in the area. ...A sale is consummated under the terms and conditions definition of market value required by the regulations. "**™*RECONCILIATION OF APPROACHES TO VALUE***** The subject property will be valued using the Cost Approach, Direct Sales Comparison Approach and the Income Approach according to the Uniform Standards for Professional Appraisal Practices/July 1° 1987. However, any omission of the recognized appraisal methods are explained below and a reference comment =(N/A) will be made in the report valuation analysis accordingly. * Typically the Cost approach is considered 2 supportive indicator of value when the subject property is a fairly new construction and/or has been recently renovated/upgraded most major components to date of valuation. Then, both the Market and Cost approach may be given equal consideration in the final estimate of value. However, where accurate rental data is unavailable for a subject property in a market area if mostly owner occupancy, the Income approach is considered inappropriate and omitted. As noted, (N/A) in the appraisal report accordingly. Most reliance is placed in the Income Approach to value for .Income producing residential properties for the best reflects the attitude of typical investors in the subject property market area where sufficient available rental data exists for mostly multiple family residential properties. Finatly, most reliance is placed in the Direct Market Approach to value when sufficient quantity and quality of current similar comparable sales are available as it best reflects buyers and sellers attitudes within the local residential market. .... Unless otherwise specified this appraisal report is made based on the " AS IS” condition of the subject property being appraised at the time of the appraisal report. ADMINISTRATIVE COMPLAINT. Appraiser: Date: . EXHIBIT # 2 _ E.G, CartayaC.R.E.A. PAGE ___/S__ OF a #0002343 STATE CERTIFIED RESIDENTIAL APPRAISER (01 Fig. No, T2C400SEF Page #18, the No_ 722400SEF wu 10/24/01 REF. 930 E & PLACE, HIALEAH, FL. 33010 Report Histery: 4111/00 - Whan this property was initially called in for an eppraisai report on a purchase of $205x it was actively Ilsted en the MLS for $119,800 as a FANNIE MAE forsciosure. Al the time the market area tesearch was conducted. available evidenca for simular properties showed that tnere were four comparabtie properties most similar to the subject, with a value ranging from $155K to $185K A projected talas price for the sudjecl property was estimated to range from $132K to $214K , based on those same comparable sales par $/Sq Ful $87 - $89) and AVR (Assessment lo Valve) Ratio According to the original request. the eeller documented per my conversation mith Marianela. the requester. was nol the owner of title per public records When this was communicated to Marianela, she informed me that Ihe sudje >t waa in the process cf closing with FANNIE MAE This property was then to be resold lo @ new buyer with the seller being tne same as the one noted on the orignal request: We then informed her thal unt the FANMIE MAE transaction was completed we could nol prepara an appraisal report with the noted seller The file was lef as pending, until we received a FANNIE MAE closing statement noting the new owner 7128/00. On thig dale, Mananela contacted us with an aposaisal order for the same property with a new purchase price of $195K When the market research was done. we agai noted Ihat the owner was Stil! FANNIE MAE We tet a message for Marianela. and received a response the following day 7/26/00, stating that the FANNIE MAE closing was scheduled for 7/28/00. Based on tne aniicipated closing and tne fax racewed on 7/27/00, the subject's general information was entered into the report Up until the final closing of tne property and days aflerward until 8/7/00, several Market analys s ware conducted Each one providing more relevant and similar comparable information The report wan then completed afar the closing when an inspection of the property was compleled. The market analysis completed the date of the order, noted thal he FANNIE MAE MLS listing. showed a new lusting price of $92,500 with @ pending sale status. Also noted, was that this was the second change since ils Original ligting three months prior, April 2000. A consoldation of all ihe market analysis completed since the order on 7/25/00. showed stalistics for three sinwlar comparable sales ranging from $16GK to $180K, a value similar to the one obtained in April 2000 Therefore, a grojected sales price for the subject property was eslimated o range from $155 to $235K based on thoxe game comparable sales per S’/Sq Ft and AVR Ratio Based on the consolidated market analysis. all comparable sales were considered and four were chosen based on two predominant charactenstics, GLA square foctage and lotal room and bath count. Those comperables were as fotlows 1. B40 E 9 Place - $180K - photo #6 #2. 578 E 14 Streat - $1B0K - photo #8 83-1131 E 8 Avenue - $168,800 - photo #7 4.234 E 13 Streat - $180K - photo #9 Aftar exterioe viewing of the comparables chosen and verification of sale, it was determined that two of the four comparab'es were not acceptable as similar sales An addilional comparadie was selecied from the consolidated market research The final properties selected were Comp #1 - 870 E14 Sl- 10 Biks away from subject. Sold Ocv99 with 6 Bd & 5 Bths and 2,582 sf for $18CK Comp #2. 574 € 14 St- 0 Biks away {rom subject - Scld May/00 with 4 Bd & 3 Bths and 1,696 sf for $180K. (per appraisal plant records ) of 11/4/99 Comp #3 - 234 E 13 Sl- 8 Biks away from subject - Sold May/00 with 6 Bd & 5 Bth and 2 249 sf for $180K {pac MLS data records researched on 7/25/00) Oocumentatior of te comparabies not chosen is avalladie in the file. Response: Issue 1 and 2° The date reflected on ths completed appraisal report was the date the general Information was entered on 7/27/00 After the repart was completed the date. the general information was entered, was not changed However, as evidenced by documentation in the file, (market analysis on 7/25/00. 71281). 7127100, and 87/00) the correct dale the report was completed was 8/7/00 tissue 3 Our office fle contamed an MLS printoul showing the subject property in foreclosure with 3 listing price cf S92K with no mention in the reporl As mentioned in the history, the listing price was changed twice within three months a typical occurrence amongst forectosure saies. These changes may or may not adversely affect the marketability and / or value of the subject After the changes were analyzed and consideration was given tc the impact on the subject it was determined that no averse affact was evident Thus, the inforrnation was not noled on the report. Form OCVA.. ‘TOTAL tor Wundaws* angrasal software by ala moce. w+ 1-B00-AL AMODE EXHIBIT. > a9Vd # JIGIHXS ULSININGY \ 40 ANIVISWOO SALLY {Ow ‘file No. 722400SEF" Page #19 fre ha 722400SEF Comparabte in | ray lesue 4 eaooen for @ property which sold fer $168,900 was not used. On 7/21/00 when the ISC information was pulled, it appearad aa if the property had been sold. Upon verification of tne sale, through tha MLS end PAC, if was noted that tne sale was nat recorded on a necand extemal source Pet USPAP, the eppraisal guidelines, ail sales must be verified, at a minimum, through two external sources. Since tha second source was unavailable, this comparable was unacceptedle. Issue 5 Comparable #1 shows a difference between the listing price a! $145K and the closing value of S180K. Other sales considered and analyzed shawed a typical large difference in value therefore research Der area mackel data derived did not show a significant difference requiring adjustment for thie ilem Issue 6 Comparable #2 shows a difference in square footage and beth count from the tax roll and 1SC. This comparable was appraised by myself on 11/4/99 and dala obtained from the report was that iis properly 1s 8 4 bedroom / 3 bath home with 1.896 $q fH. The addition of tne bedroom and baths are nat refected on the MLS and ISS records The noted bedrooms, along with the square footage on the report appear to 64 a typographical error A difference that would not warrant an adjusiment or alter the adjusted watue given Issue 7: Comparable #3 data obtained from the MLS shows this home gutted & rebuilt in 1989, however febuilt a3 a 2/1 with two 1/1 & 1 studio receiving income altnough zoned residential which eliminated any adjustments for conditions per data researched in the market area where significant difecence was considered & analyzed end found to have a negative effect on the correction tc comply wilh city zoning code This lem eliminaled any conditions adjustments found between subject propeny and this camparatle salo The subjact propeny was in foreclosure at the time of tne appralsal report, nowever no code violations were mentioned 1 the listing report, nar were any found upon field inspection by the appraiser Isgue 8 Adjustments to ling ilems on the sales comparable grid are based on significant differences found in the market. tt 1s typreal to find differences in value due to a different amount of balhrooms in similar properties This difference va alsa seen when similar properties have a difference in gross living area This 16 nol 2 duplicate adjustment, bul an industry standard. to adjust the value of the house for the differences in baths and GLA The amount of the adjustment is derived from tne market data Based on the above mentioned aralysis of similar soid comparables in the subject's market area and Properties being offered for sale, ths appraiser found that typical buyers of simidar properties wilhin the area were willing to pay $69 71 to $92 $0 per Gross Livable area Therefore, this appraiser considered a reasonable and expected price lo be paid by typical buyers to be $72 to $73 per sq ft for the eubject propeny As the total gross living araa for the subject property is 2.678 sf at $73 per sq h'= $195,494 (rounded) $195 000 to be the indicated estimated market vatue for the subject property al Ihe time. 39Vd # JIGIHX4 ANIWIdWOO 4 ALLVULSININGY E(e) \OF Fotrr UCYR -— “CTAL lor Windows" anoraisal software by ala mode in, — SETTLEM. - “TEMENT Fype of Loan Wore vues U.S. Department of Housing and Urban Development IMB Vc. 2502-0265 FHA & FRMA | 3. __ Cane Unng. €. File Namtar Cony, he. 20-50955 7 urar \ereer — NOTE: This lorm is tu’nished tc give you a stetemert oPactual settiement ¢25t3. Amounts fai tens marred s.0C.) wero paid outside the closing; they are showr rere for information purposes and are tot inckded ih tha toty's. to and by the se'er wort agant ae shown. Name and Addrass of Berewer . Nara and Addres 45 MEANT LAKE WAY SOUTH ML LACES, FL 3301S NOEL RIAD. SU AS, TX 75240 TO LOPEZ ERAL NATICNAL MORTGAGE s ct Salt F, Name ans Access york Lender ITE 699 \ _ H. Satierent Agect sATSEN TITLE [KSURARCE INC. _ —— —p— — Paca ot $ i. Setrament LANG Ne AGTH STREET, HATE 120 Cate FT. UALOERDALE, FLORIO 35309 7/28-€2 — J. SUMMARY OF BORROWER'S TRANSACTION: - K. SUMMARY OF SELLER'S THAN SACTION: =, Gross Amount Due From Borrower 2c. Gross Amount Due To Seller i. Cocttact sales orice 82,000.0C| 401. Cortrect_ta’es price | ~ 82,000 01 sal property 192 Personal oveoety — _ ament charges to borrower, Gina 1300) . adjustments for or items ; paid by seller in advance _ by sate in advance 3 5, Citytowr taxes 7 County taxas _ta z Assergnetts to } GROSS AMOUNT OUE FROM BORROWER > Amounts Paid By or In By or In ‘Behalf of of Borrower _ !, Osposil or earnest ey ue OL DWE P- sep amourts + 679.00) 423. I} stu, BACSS AMGUNT OVE TO SEUER s00. Reductions In Amount Due To Seller _ ems, g for items pald by seiistin a In advance 591, Excess Deposit (see Metructions) Settlement charges to sete: (ine *+ *)) 302. $: _{ S&. Existing teanis} lazer sudiac: a $04. Payot ot frst meagaga ‘oan 105. Psat of seco-d no7gage ‘oad : zee g29¢ - ———} mE Se —— 507, _ Adjustments for items unpald by selle Sitytown taxes to County taxes - te 5 O1/01 to o7/28|_____1.976.99 to L th County & : a 07:28) 1,378.96 512, Assessments to 513. 54, 51S. ; 436. _. =| . 517. i 8 ~~ a 519. _ LUTOTAL PAID BYIFOR BORAOWER, 3,378.90) $20, TOTAL REDUCTION AMOUNT DUE SE LER 3522.3! 2. Cash At Settl ettlement From or To Borrower ace, Cash At Settlement To or Fron Seller 1 Gross amount _due from borsower (line 120} &E, 679.00) £91. Gross amosat due to seller (line 420) 62,000.09 3 Less amounts naid bylor borrewar (ling 220) 3,378 90) 22 Loss redcet on mount due seller {lina 320) 3,518.96 LCASH FROM BORROWER 79,300.10 ~— oe Beales i ots are ae Wench yee Gaze. RET AEES Poguaaetved “Watton tee Oat wor ee LER 78,481.10 40 7 39Vd Mm 2S mls oS AA * 2 aa) < m Ys) [e) = U0 Ct = Zz 4 5 Weep de gQuu grag rad 4 q cepaRTMENT OF HOUSING AND URBAN DEVELCPMENT SETTLEMENT STATEMENT SETTLEMENT CHARGES: . FILE #: eee Bo. TOTAL SALES/BROKER'S COMMISSION baséd on perce S $2,000. Cision of sommission (fine 700) as follows: 10s “Ol. S$. 1,230.00 to COLOWELL BANKE! 702. to 733 Commssion paid at Settlement Bs 2 ——— TAS PAYABLE IN CONNECTION WITH LOAN Loan Orginaten Fae "Me 2, Lean Discount * ‘ Apgraleai Fee te Credy Repent to ~ Lender's Inspection Fee to FUNDS AT SETTLEMENT SETTLEMENT ars 7 5 : | - — 2) FQUIRED BY LENDER TO BE PAID IN ADVANCE . 34, Interest (rom lo Gs igay _Cays _ 902, Moggaga Insurance Premium for to _ ©) Hazard Insurance Pretiut for ys__to wm. . . $36 ech RESEAVES DEPOSITED WITH LENDER FOR ‘001, Hazard Insuraace mo.@$ s002. Morigage Insurance n0.@'s . Imo. 1003. City property taxes mo.O$ . 1904. County peope'ty laxes a mo.@$ 1OC5. Annual Astassmants mos 1008. _. mo.@ 1007. —_— mo S$ 31008. _ : 3100, TITLE CHARGES L1G: Sattiament of closing feo ta WATSON TiTLE INSURANCE 11162, Abstract or tile search to WATSON TITLE/ATTORNEY“S TITLE 1103. Title examination te WATSON TITLE INSURANCE . C4, The ingurance bincer > U105, Document preracation te ” 1:06 Frocassing Fee to "M167, Attorney's fees to (Cacludes esove ‘tams No: “408. Titi insurance to WATSON TITLE INSURANCE ~ __fifludes avo,e hams No: 1103, Landa's coverage $ ~ 1110, Owner's Coveraga $ $2,200.90 471.5 incl 0 Risk Fren rai RECE AT LON WATSON TITLE INSURANCE (975.00) 4112. ENORSEMENTS - vt13, TAX ANS LEN SEARCH SuSE WATSON TITLE #NSURANCE = “200. GOVERNMENT RECOADING AND TRANSFEA CHARGES : Ceed $ i Feissses ¥ Dees S$ eas $ 432.00 i Montgage $ 1255, ‘ce, ADDITIONAL SETTLEMENT CHARGES 301. Survey ne 1302. Psst Inspection ae pees COURIER FEES WATSOK TITLE THSURANCE es WiRE TEABSFER FEE WATSOH TITLE INSURANCE z Sal Es I Lt a Bee. "00. TOTALS rm L SETTLEMENT CHARGES (ante: cn inas 103 ard 502, Ses 4a Carey Ta awad the HUD tons J and K) ECN my ACCNTAL OY By me le Ins gto ine Bes: €! my \eowladge and belief ites tus ard wU'y fat U nave recalvod 3 Fegy at ht WJO-1 Seitleman’ TORO TORRY Wye Moron wR Bard tt me Vee ateded ity Tt Sy PIS And dee eet ee ERGERIT NATOR ACEO OXGE TSS I TR gaa 7m gO Bre 19 He Sg pa S < m 40 a LNIW1dWw09 WOO! syright 2000 Southeast Florida Regional . M744600 BC:RUANOL OF: RUANO- REALTY INC. AREA: 31 AZON: STATUS: CS/REL * Q70*E *18 ST RP: SLP: 145550 DADE FH: 04-31-08-003-0480 CITY: HIALEAH ZP: 33013- GEOAR: *S-GEN LG:*8 $3 41 .18 AC SUN DECK VILLAGE PB 45-93 STYLE: RIO #I: 1 04 TN: 31 SE: 8 SD: 3. PN: 480 MAP:*P9 ST: FL TYPE: SINGLE SUN DECK VILLAGE SN:*SUN DECK VILLAGE MN: * 2396 TA:* 2396 YR:*47/RS CONV: BED: 6 FBTH: 5 HBTH: AG: O/ CPT +0/ WF: “FACE: $ FS: U/ .K : GUEST SLABSTRP STREET “PARK RESTR: :* 60 x 136 SF: 8160 LOTOS: O-1/4ACR INTERIOR OVERSIZE FRIN/ VIEW : NONE ‘ACS DESGN: DETACH /1STORY REMODEL isT: CBS STUCCO ROOF : COMPROLL cOR: CERAMIC TILE DINE : DIN-LIV EATINKIT SNACKBAR FAMILY GST-INLW iN/ PL: SPA: N GREAT BIG HOUSE. GOOD FOR TWO FAMILIES. MAIN HOUSE 3/2 ONE APARTMENT 1/1 (RENTS $425) AND, 2 EFFICIENCIES EACH AT $325. ES: LIVE RENT FREE WITH GREAT INCOME OR BRING YOUR BIG FAMILY. MS: ALL CENTRAL AIR CONDITIONED. WITH IRONWORK AROUND AND AN HS: OVERSTRED LOT. WELL LOCATED BY LEJEUNE AND 16TH. CALL OFFICE FOR APPOINTMENTS. NO SIGN ON THE PROPERTIES. EASY TO SHOW DURING AFTERNOON HOURS. OR: DA: KT: FR: FL: PR: 2B: 3B: 4B: SB: ON: PB: wRM: 1BR+CRND OR: CE: iTH: - PETS: / ‘ER: COOKISLAN WALKCLOS 'IP: DRYER ELECWHTR RANGE~E REFRIG SMOKEDET WASHER ‘wo: BLINDS SHMETAL SLIDING RESTR: NONE BARBEQUE FENCE LIGHTING OPENBALC OPENPORCH , 2BEDRMS 2BATHS GH: LAUNDRYEC MAINT: CENTRAL ELEC SPRINK : : CENTRAL CABLEAVL: Y ‘ : oo: MUNICIPL SWR: MUNICIPL ‘SCONS : CONV EXCHANGE OWTSWRP ASSUME: N DAV/SOH: $ 103734 N/S KOA: N FEE: $ / DMV/ASV: $ . 120215 S* 1826 TXYR:*98 TAX: CITY/CNTY HOMESTEAD TM: $ alata eaneeeiaienenanas OFFICE INFORMATION ~---w---- 7c nnn rrr D: 570522 LS: CARLOS MENDOZA OPH: 305-822-7700x FAX: 305-822-2771 “Dt 2A: APPT: LILY APH: 305-829-1279 2PH: 305-313-3422 “=: ER ON: ONE: 2AG: 305-584-8296 \ILO: webmaster@ruanorealty.com PHOTO: 1TAKE DB: N .ILA: cmendozal@aol.com XCP/BROCHURE: 1 A: 3 COTB: 3+ CONR: 3 VAR: ON JA: N iC : ABSTRACT INSTOWNED TITLEINS POSS: FUNDING . ‘UP: TENNAT SHOW: APPT-ONLY CALL~LO NOSIGN LD: 03/05/99 ‘v STATUS: PS STATUS CHNG:10/14/99 I$: 145550 PRICE CHNG : ORIGS: 145550 tt: Y/GREAT BIG HOUSE.GOOD FOR 2 FAMILIES.MAINHOUSE 3/2.O0NE APT 1/1 RENT $425 irks 2 EFF. (RENT $325 EACH).LIVE RENT FREE W/GREAT INCOME OR BRING BIG FAMILY 07/30/99 DM: 147 FURN: U cD: 10/08/99 SP: $ 180000 CONV CB:ELAMOL - SPID: 0391223 SS: ERRASTI, LAURA SPID2: $52: -INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED--- 07/25/00 04:35 PM ADMINISTRATIVE COMPLAINT. EXHIBIT # pace ___/-— 9 ~——_ Od pyright 2000 Southeast Florida Regional . H723570 BC:HARI OF: HOME 2ACCESS REALTY AREA: 31 A2ZON: STATUS: CS/REL :* 234° #13 ST RP: SLP: 189000 DADE FH: 04-31-18-003"1401 CITY: HIALEAH ZP: 33010- GEOAR: :*S-GEN LG:*TOWN OF HIALEAH 1ST ADD AMD PB 5-122 STYLE: R30 #I: 1 04 TN: 31 SE: 18 SD: 3 PN: 1401 MAP:*O10 ST: FL TYPE: SINGLE . SN:*HIALEAH 1ST ADDN AMD _ MN: :* 2249 TA:* 2249 YR:*56/RS CONV: Y BED: 6 FBTH: 5 HBTH: RAG: 0/ CPT: ‘/ WF: ” FACE: N FS: / RK : SLABSTRP STREET “PARK RESTR: :* $0 x 135 SF: 6750 LOTDS: 0-1/4ACR RERIN/ VIEW : GARDEN RAC: : DESGN: ATTACH /1STORY ST: CBS ROOF : SHINGLE 2OR: TILE DINE : OMS: FAMILY GST-INLW MAIDINLA OL iN/ PL: SPA: “i: GREAT RENTAL - LIVE FOR FREE AS CURRENT OWNER DOES - HOUSE SPLIT UP AS TWO 2/1, TWO,1/1 AND ONE STUDIO. TOTAL ES: RENTAL INCOME IS $2,225/MONTH IF ALL RENTED. EXCELLENT MS: LOCATION. ENTIRE HOME WAS GUTTED AND REBUILT IN 1989. HS: HOME CAN EASILY BE CONVERTED TO. A DUPLEX FOR LARGER UNITS. RED ROAD (4TH AVE) TO E 13 ST. THEN EAST TO HOME. *#'**CAN BE SHOWN AFTER 4:30 WEEKDAYS & ANYTIME WEEKENDS***+ DR: DA: KT: FR: FL: PR: 28: 3B: 4B: 5B: ON: PB: ENTRYLVL UR: CF: . - PETS: / SPLITBED DRYER ELECWHTR RANGE-E REFRIG REFRIG REFRIG REFRIG Wo: AWNING RESTR: NONE ‘ER: FENCE . ‘ST: 1LBEDRM 2BEDRMS GH: ‘DV: NONE MAINT: ‘IT : CENTRAL WALLFURN SPRINK : WELL 1L : CENTRAL WALL/WNDW CABLEAVL: Y , . 2 MUNICIPL SWR: MUNICIPL ‘SCONS : CONV ASSUME: DAV/SOH: $ 92843 N/S HOA: N FEE: $ / DMV/ASV: S$ . 1661 TXYR:*99 TAX: HOMESTEAD T™: $ 78600 vote nn none nnn nee ------+---- OFFICE INFORMATION -----~-~~-~----------~~-------- D: 0595238 LS: WILLIAM CAMPANO OPH: 305-826-1118x FAX: D: 2a: . APH: 305-838-0073 2PH: : ER ON: ON#: 2AG: ~ ILO: PHOTO: 1TAKE DB: N ILA: XCP/BROCHURE: A: 3 COTB: 3°: CONR: 3 - VAR: N SA: C : AS-IS POSS: FUNDING . UP: OWNER SHOW: CALL-LA CALL-LO LD: 02/27/00 V STATUS: PS STATUS CHNG:05/19/00 Bk Vol: DOLL VS: 189000 PRICE CHNG : ORIG$: 189000 Bk PG: 168 t:Y/LIVE FOR FREE IN THIS 5S UNIT HOME. RENT FOUR UNITS & LIVE IN OTHER rks FOR ABSOLUTELY FREE.GREAT HIALEAH LOCATION. RENTAL OF $2,225/MO. 03/09/00 OM: ll FURN: U CD: 05/19/00 SP: $ 18c000 CONV cB:1511 SPID: 0576568 SS: PARLAVECCHIO, 8. SPID2: 0576568F SS2:PARLAVECCHIO, BARBAR [INFORMATION IS BELIEVED ACCURATE BUT IS NOT. WARRANTED--- 07/25/00 04:35 PM ADMINISTRATIVE COMPLAINT EXHIBIT #___ 20 . - | ‘ pace / OF

Docket for Case No: 04-001680PL

Orders for Case No: 04-001680PL