STATE OF FLORIDA Phy % & . DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION <2 fs FLORIDA REAL ESTATE APPRAISAL BOARD y FLORIDA DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION, 10-09 | ( PL DIVISION OF REAL ESTATE, Petitioner, Vv. CASE NO. 2009004748 STEPHEN MALTAGLIATI, Respondent. / ADMINISTRATIVE COMPLAINT The Florida Department of Business & Professional Regulation, Division of Real Estate ("Petitioner") files this Administrative Complaint against Stephen Maltagliati(“Respondent"), and alleges: ESSENTIAL ALLEGATIONS OF MATERIAL FACT 1. Petitioner is a state government licensing and regulatory agency charged with the responsibility and duty to prosecute Administrative Complaints pursuant to the laws of the State of Florida, including Section 20.165 and Chapters 120, 455 and 475 of the Florida Statutes, and the rules promulgated thereunder. 2. Respondent is currently a Florida state certified general real estate appraiser having been issued license 952 in accordance with Chapter 475 Part II of the Florida Statutes. 3. The last license the State issued to Respondent was as a state certified general real estate appraiser at 407 Lincoln Road HAFREAB\FREABa\FREAB\maltagiati.doc 1 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint #10R, Miami Beach, Florida 33139. 4. On or about August 7, 2008, Stephen Maltagiati (Respondent) developed and communicated an appraisal report (Report) for property commonly known as 10722 SW 145th Street, Miami, Florida 33176 (Subject Property), and estimated its value at $155,000.00. A copy of the Report is attached hereto and incorporated herein as Administrative Complaint Exhibit 1. 5. At the time the Report was developed and communicated, Respondent was a State Certified General real estate appraiser. 6. Respondent made the following errors and omissions in the Report: A) Failure to list a prior transfer of the Subject Property in July 2007 for $19,000; B) Failure to list a prior transfer of the Subject Property in April 2006 for $24,000; c) Incorrect age for comparable sale 1, based on documentation in the workfile; D) Failure to make an adjustment or explain “ADJBLW” notation for the Age adjustment for comparable sale 1; E) Failure to verify the correct Room Count for comparable sale 2, when there is a discrepancy between workfile documentation; F) Failure to make an adjustment or explain “ADJBLW” notation H:\FREAB\FREABa\FREAB\maltagiati.doc 2 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint for the Age adjustment for comparable sale 2; G) Failure to make an adjustment or explain “ADJBLW” notation for the Age adjustment for comparable sale 3; H) Failure to verify the correct Room Count for comparable sale 4, when there is a discrepancy between workfile documentation; T) Failure to verify the correct Gross Living Area for comparable sale 4, when there is a discrepancy between workfile documentation; J) Failure to note that comparable sale 4 is a bank sale listing; and K) Failure to utilize more similar comparable sales. 7. There is no documentation in the workfile to support the One-Unit Housing data in the Neighborhood section of the Report. 8. There is no documentation in the workfile to support the One-Unit Housing Trends data in the Neighborhood section of the 9. There is no documentation in the workfile to support the Present Land Use % data in the Neighborhood section of the Report. 10. There is no documentation in the workfile to support the 15 comparable properties currently offered for sale in the subject neighborhood as listed in the Sales Comparison Approach section of the Report. H:\FREAB\FREABa\FREAB\maltagiati.doc 3 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint 11. There is no documentation in the workfile to support the 5 comparable sales in the subject neighborhood for the past twelve months as listed in the Sales Comparison Approach section of the Report. 12. There is no documentation in the workfile to support the $30,000 Date of Sale/Time adjustment to comparable sale 4 in the Sales Comparison Approach section of the Report. 13. There is no documentation in the workfile to support the $8,000 Site adjustment to comparable sale 1 in the Sales Comparison Approach section of the Report. 14. There is no documentation in the workfile to support the $7,000 Site adjustment to comparable sale 2 in the Sales Comparison Approach section of the Report. 15. There is no documentation in the workfile to support the $8,000 Site adjustment to comparable sale 3 in the Sales Comparison Approach section of the Report. 16. There is no documentation in the workfile to support the $5,000 Site adjustment to comparable sale 4 in the Sales Comparison Approach section of the Report. 17. There is no documentation in the workfile to support the effective age determinations for all comparable sales in the Sales Comparison Approach section of the Report. H:AFREAB\FREABa\FREAB\maltagiati.doc 4 FDBPR v. Stephen Maltagliati Case No. Administrative Complaint 18. There is no documentation in the workfile 2009004748 to support the $5,000 Room Count adjustment to comparable sale 1 in the Sales Comparison Approach section of the Report. 19. There is no documentation in the workfile to support the $5,000 Room Count adjustment to comparable sale 4 in the Sales Comparison Approach section of the Report. 20. There is no documentation in the workfile $17,500 Gross Living Area adjustment to comparable Sales Comparison Approach section of the Report. . 21. There is no documentation in the workfile $15,900 Gross Living Area adjustment to comparable Sales Comparison Approach section of the Report. 22. There is no documentation in the workfile $9,300 Gross Living Area adjustment to comparable Sales Comparison Approach section of the Report. 23. There is no documentation in the workfile $5,000 Garage/Carport adjustment to comparable sale Comparison Approach section of the Report . 24, There is no documentation in the workfile $10,000 Garage/Carport adjustment to comparable sale Comparison Approach section of the Report. 25. There is no documentation in the workfile H:\FREAB\FREABa\FREAB\maltagiati.doc to support the sale 1 in the to support the sale 2 in the to support the sale 3 in the to support the 3 in the Sales to support the 4 in the Sales to support the FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint $15,000 Pool adjustment to comparable sale 4 in the Sales Comparison Approach section of the Report. A copy of the Workfile is attached hereto and incorporated herein as Administrative Complaint Exhibit 2. COUNT ONE Based upon the foregoing, Respondent is guilty of having failed to exercise reasonable diligence in developing an appraisal report in violation of Section 475.624(15), Florida Statutes. COUNT TWO Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal, specifically the Scope of Work Rule, or other provision of the Uniform Standards of Professional Appraisal Practice (2008) in violation of Section 475.624(14), Florida Statutes. COUNT THREE Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal, specifically the Conduct Section of the Ethics Rule, or other provision of the Uniform Standards of Professional Appraisal Practice (2008) in violation of Section 475.624(14), Florida Statutes. H:\FREAB\FREABa\FREAB \maltagiati.doc 6 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint COUNT FOUR Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal, specifically the Recordkeeping Section of the Ethics Rule, or other provision of the Uniform Standards of Professional Appraisal Practice (2008) in violation of Section 475.624(14), Florida Statutes. COUNT FIVE Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal, specifically Standards Rule 1-1(a) and (c), or other provision of the Uniform Standards of Professional Appraisal Practice (2008) in violation of Section 475.624(14), Florida Statutes. COUNT SIX Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal, specifically Standards Rule 1-4(a), or other provision of the Uniform Standards of Professional Appraisal Practice (2008) in violation of Section 475.624(14), Florida Statutes. COUNT SEVEN Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal, H:\FREAB\FREABa\FREAB\maltagiati.doc 7 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint specifically Standards Rule 2-1(a) and (b), or other provision of the Uniform Standards of Professional Appraisal Practice (2008) in violation of Section 475.624(14), Florida Statutes. COUNT EIGHT Based upon the foregoing, Respondent has violated a standard for the development or communication of a real estate appraisal, specifically Standards Rule 2-2(b) (viii), or other provision of the Uniform Standards of Professional Appraisal Practice (2008) in violation of Section 475.624(14), Florida Statutes. WHEREFORE, Petitioner respectfully requests the Florida Real Estate Appraisal Board, or the Department of Business and Professional Regulation, as may be appropriate, to issue a Final Order as final agency action finding the Respondent(s) guilty as charged. The penalties which may be imposed for violation(s) of Chapter 475 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license, registration, or certificate; suspension of the license, registration or certificate for a period not to exceed ten (10) years; imposition of an administrative fine of up to $5,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant, or certificate H:\FREAB\FREABa\FREAB\maltagiati.doc 8 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint 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 notice; or any combination of the foregoing which may apply. See Section 455.227, Fla. Statutes and Florida Administrative Code Rule 61J1-8.002. H:AFREAB\FREABa\FREAB\maltagiati.doc 9 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint SIGNED this |ST_ day of October, 2009. ATTORNEY FOR PETITIONER Robert Minarcin Senior Attorney Fla. Bar No. 163147 Division of Real Estate Legal Section 400 W. Robinson Street, N801 Orlando, Florida 32801-1757 (407) 481-5632 (407) 317-7260 - FAX PCP: MR/PB 9/09 H:AFREAB\FREABa\FREAB\maltagiati.doc 10 FDBPR v. Stephen Maltagliati Case No. 2009004748 Administrative Complaint 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 allowed by law, 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) days of receipt of this Administrative Complaint, the Petitioner will file with the Florida Real Estate Appraisal Board a motion requesting an informal hearing and entry of an appropriate Final Order which may result in the suspension or revocation of your real estate license or registration. Please see the enclosed Explanation of Rights and Election of Rights form. H:AFREAB\FREABa\FREAB\maltagiati.doc i APPRAISALWORKS, INC. REAL ESTATE APPRAISERS AND CONSULTANTS File No. 08013724 APPRAISAL OF SINGLE FAMILY RESIDENCE LOCATED AT: 10722 SW 145 STREET MIAMI, FL 33176 FOR: JPMORGAN CHASE BANK TAMPA, FL 33634 TAMPA, FL 33634 BORROWER: FELICIA FREEMON AS OF: August 7, 2008 APPRAISED VALUE: $155,000 BY: STEPHEN MALTAGLIATI, SRA 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33133 ALMINISTRAT VE COMPLAINT EXHIBIT 4] PAGE) og. ( a SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report iene. o80+3724 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately suppoited, opinion of the markel value ol the subject property. Property Address 10722 SW 145 STREET. City MIAMI Stale FL__ Zip Code 33176 Borrower FELICIA FREEMON Owner of Public Record FELICIA FREEMON, County MIAMI-DADE Legal Description 5TH ADDN TO RICHMOND HGTS ESTS. Assessor's Parcel? 30-5015-011.0370 + Tax Year 2007 RE. Taxes $ 5,316.01 ' Neighborhood Name_N/A : Map Reference 55-40-19 Census Tract 83.04 HOA $. tia _(_Jper year month DeJowner (Jrenant_(~) vacant sessmenis $ NONE (eup Propeny Rights Appraised [XJ Fee Simple )ueaschold {other esate Assignment Type [“}purchase Transaction [X) Refinance Transaction [ JOmer (desaibe) Lender/Client JPMORGAN CHASE BANK Address TAMPA, FL 33634, TAMPA, FL 33634 4s the subject property currently offered far sale or has it been offered for sale in the twelve months prior (othe effective date of uis appraisal? _[_Jves (xJNo Report data source(s) used, offering price(s), and date(s). F.A.R.E.S.IMLS | LJdid (_Jid not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of th. contract for sale or why the analysis was not perloamed. NIA Contract Price $ N/A. Date of Contract N/A Is:the property selier the owner of public recora?” (Yes No. Data Source(s) N/A 45 there any financial assistance (loan charges, sale concessians, git or downpayment assistance, etc.) to be paid by any party cx behalf of the borrower? [_Jyes L_JNo Hf Yes, report the total dollar amount and describe the items to be paid. $ N/A Note: Race and the racial sition of the neighborhood are not appraisal factors. - > __~__ Neighbarhood Characteristics L . QOne-Unit Housing Trends © 02. : “|: One-Unit Housing * «Present Land Use % Location (| Jurban Suburban [_} Rural [Property Values [J increasin Stable Deciinin PRICE AGE | One-Unit 90% % Buit-up [x Jover 75% [_}25.75% Under 25% | Deman Shorta In Balance {X) Over Sug '3{000)_ (yrs}__| 2-4 nit 5% % Growth Rapid Stable Slow l Marketing Time Under 3 mths 3-6 mths Over 6 mits 90 Low 20 | Multi-Famil 0% % Neighborhood Boundaries. THE SUBJECT IS LOCATED SOUTH OF CORAL REEF DRIVE,NORTH OF SW 300 High _70.| Commercial 5% % 13 RD, WEST OF SOUTH DIXIE HWY, EAST OF FLORIDA TURNPIKE. 200 Pred. 55t | Other % Neighbohood Description THE SUBJECT IS LOCATED IN AN ESTABLISHED RESIDENTIAL NEIGHBORHOOD CONSISTS MAINLY OF SMALL TO. MEDIUM SIZED ONE-UNIT HOUSING. SCHOOLS, SHOPPING, PLACES OF WORSHIP, MEDICAL FACILITIES AND PUBLIC TRANSPORTATION ARE WITHIN CLOSE PROXIMITY. SHOPPING iS LOCATED ALONG SW 56 STREET. ‘Market Conditions (including support for the above conclusions) DATA GATHERED FROM MLS, PUBLIC RECORDS, AND IN HOUSE SOURCES INDICATE TYPICAL MARKETING TIME OF 4-6 MONTHS. SOUTH FLORIDA IN GENERAL IS EXPERIENCING A SLOWING IN DEMAND FOR PROPERTIES WITH AN INCREASING SUPPLY OF PROPERTIES ON THE MARKET RESULTING IN DECREASING PROPERTY VALUES. Dimensions 75 X 203, Atea 15225 Sq.Ft. Shape IRREGULAR, View RESIDENTIAL ‘Specific Zoning Classification RU-4 Zoning Description RESIDENTIAL SINGLE FAMILY Zoning Compliance [x }tega! [ Jtegal Nonconforming (Grandfatnered se) (_JNo Zoning [_}iegal (describe) |S the highest and best use of the subject property as improved (or as proposed per plans and specications) the present use? (x]ves [_JNo If'No, describe. Utilities Public __Other (describe) Public Other (describe) Off-site tmprovements—Type. Public __ Private! Elecwicity Water Suet ASPHALT x Gas NONE Sanitary Sewer Alley NONE. FEMA Special Flood Hazard Area Yes [x)No FEMA Flood Zone “X™ FEMA Map # 1206350266 FEMA Map Date 03/02/1994 Are the ubliies and of ite improvements typical forthe market area? __[xJ¥es [JNo_ Wf No, describe, ‘Are there any adverse site conditions or extemal factors (easements, encroachments, environmental conditions, land uses, etc)? [_}ves [X)No FUNCTIONAL OR EXTERNAL OBSOLESCENCE NOTED. NO ADVERSE EASEMENTS OR ENCROACHMENTS OBSERVED. THE SUBJECT'S SITE IS if Yes, describe, NO TYPICAL LARGER THAN THE TYPICAL NEIGHBORHOOD LOT Source(s) Used for Physical Characteristics of Pr. Appraisal Files [x] MLS [x Jassessment and Tax Records Other (describe Data Source(s) for Gross Livin . GENERAL DESCRIPTION’... = +. GENERAL DESCRIPTION oS Heating / Cooling :!--"-] ge": One| Jone with Accessory unit [x Jconcrete Slab [_ JCraw Space |OJFwa | JHWBB # of Stories ONE Full Basement Finished Radiant XJDriveway __# of Cars 2-CAR T Det {Jan {Js-bet/end unit|{ }partial Basement(_) Finished Other Driveway SurfaceST, CONCRETE J Existing Proposed |_Junder Const_| Exterior Walls CBS/AVG. Fuel ELEC. XJ¥orch_Cv.ENTRY |{_ Jc: fof Cars Design (Style) RANCH Roof Surface C.TILE/AVG. Centraf Air Conditioning |{_} ool Capon__# of Cars Year Built 1972 Gutters & Downspouts YESJAVG. Individual x) fence WOOD JAtiached _{_} Detached Effective Age (Yrs) 20 YEARS Window Type_S.HUNGIAVG. Other Other Built-in lances {XJRetrigeraor_{X. XJDisnwasher_ (x) Disposal_[x}microwave_[x}washerfOryer_(_ Other (describe) Finished area above grade contains: 5 Rooms 3 Bedrooms 2 Bathis)_ 2,477 Squate Feet of Gross tiving Area Above Grade Additional features (special energy efficent items, etc.) OPEN PATIO, COVERED ENTRY PORCH Describe the condition of the property and data source(s) {including apparent needed repairs, deterioration, renovations, remodeling, etc.). NO EXTERNAL OBSOLESCENCE NOTED. THE SUBJECT IS IN AVERAGE CONDITION, HAVING BEEN ADEQUATELY MAINTAINED. THE ROOF APPEARS TO BE IN AVERAGE. CONDITION WITH NO VISIBLE DAMPNESS NOTED. SEE ADDENDUM. ‘ve there any apparent physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity ofthe property? Yes No If Yes, describe. NO ADVERSE CONDITIONS OR PHYSICAL DEFICIENCIES THAT AFFECT THE THE SUBJECT'S LIVABILITY, SOUNDNESS, OR STRUCTURAL INTEGRITY OF THE PROPERTY. Does the property generally conform to the neighborhood (functional utility, style, condition, use, constuction, etc)? [XJ Yes 1)No CONFORMS TO THE NEIGHBORHOOD. WNo, describe. THE SUBJECT Fred Rac Form 2058 Mach 2 Proce using AC soar, 60024 BTZT ww ace xk Fannie Mae Farm 2055 March 205 _ ADMINISTRATIVE COMPLAINT. EXHIBIT # “8 SE SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report — Fiewe. oaota724 There are 18 Comparable properties currently offered for sale in the subject neighborhood ranging in price from § 164,900 to$ 299,900 There are Comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $120,000 to$_ 181,000 ATURE SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SALE NO. 2 COMPARABLE SALE NO. 3 fy 10722 SW 145 STREET 14533 SW 104 AVENUE 14340 MONROE STREET 1472t POLK STREET MB Address MIAMI y MIAMI MIAMI MIAMI + . MM Proximity to Subject | __ 0.22 MIESE 0.67 Mi W 0.27 MIWSW BB} Sale Price {s NIA 120,000 5 130,000 s _125,000 ia Sale PricetGross Liv. Area__|$ 0.00 sq.ft. }$ 118.11 3Q. $112.95 sq. ft LE 73.62 sq. Data Source(s} F.A.R.E.SJMLS FARES FARES dd fl Vertication Source(s) _ [ INSPECTION. MLS/AGENT MLS/AGENT MLS/AGENT. VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION 168 Adusunent DESCRIPTION DESCRIPTION 11 Adusment Sale oF Financing NA CONV MTG CONV MTG BS Concessions .__ | DOM: 247 DAYS DOM:414 DAYS Bi Date of Sale/Time NIA 05/16/2008 07/01/2008 j BA Location AVGI/RESID AVGIRESIO AVGIRESID AVG/RESID Leasehold/Fee Simple__| FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE f 45225 Sq.Ft. 7500 SQ.FT. + +8,000 | 8466 SQ.FT. : +7,000 {7400 SQ.FT. RESIDENTIAL, RESIDENTIAL RESIDENTIAL RESIDENTIAL pap Design (Style) Tr-storviava. 1-STORY/AVG, 4-STORYIAVG. 4-STORYIAVG. Ry Cuality of Construction |CBS/AVERAGE | CBS/AVERAGE CBSIAVERAGE CBS/AVERAGE RA Actual Age 36YRSHOEFF [58 YRS/z0 EFF ADJBLW|S58YRS/I5EFF | ADJBLW/| 58 YRS/20 EFF ADJBLW BF Condition AVERAGE AVERAGE AVERAGE Above Grade Tua | Batts | Tous perms] Bans 2i 1 Z py Grosstiving Area 12, 2,477 sq.ft 1,016 sq.ft +17,500 4,151 sq.ft} +15,900 4,698 sq. ft NONE NONE Functional Utility I AVERAGE AVERAGE AVERAGE i AVERAGE Heating/Cooling CENTRAL CENTRAL CENTRAL Energy Efficient Items STANDARD. STANDARD. STANDARD STANDARD Garage/Carport OPEN PARKING | OPEN PARKING OPEN PARKING ‘ GARAGE-1 —|— 200 Fl PorchiPatia/Deck TPoRCH,PaTIO PORCH,PATIO PORCHPATIO | PORCH,PATIO NO POOL OTHER NO POOL NO POOL NO POOL. am Net Adjustment (Total -_|s 30,500 | Tx : 22,900 Aduusted Sale Price Net Adj. 25.4%% i of Comparables Gross Adj. 25.4%% |$ 150,506 | Gross Adi 17.6% % | S 152,900 t ixJaia [Ji fot research the sale or ransfr history ofthe subject property and comparable sales. ot explain ‘My research [X)aid {(Jcic not reveal any pior sales or Wansfers ofthe subjact property forthe ves years por tothe effective date of this appraisal Data source(s) FARES. My research {_Jaid [Xd not reveal any prior sales or transfers of the comparable ‘sales for the year prior to the date of sale of the comparable sale. Data source(s) F.A.R.E.S. Repor the results of the research and analysis ofthe prior sale or transfer history ofthe subject property and comparable sales (report additional prior sales an page 3). ITEM SUBJECT COMPARABLE SALE NO. 3 COMPARABLE SALE NO. 2 COMPARABLE SALE NO. 3 Date of Prior SalefTransfer NO PRIOR SALE NO PRIOR SALES NO SALES WITHIN PAST __| NO SALES WITHIN PAST Price of Prior SalefTransfer IN THE LAST 36 MONTHS | INTHE LAST12MONTH | 12 MONTHS. Data Source(s) FARES. FARES. F.AR.E.S. Etlecve Date of Data Source(s) | 08/2008 08/2008 [os/2o08 ‘Analysis of priar sale or transfer history of the subject property and comparable sas. THE SUBJECT HAS NOT SOLO WITHIN THE PAST 36 MONTHS . THE SUBJECT HAS NOT BEEN LISTED FOR SALE IN THE PAST 12 MONTHS. NONE OF THE THREE COMPARABLES SALES UTILIZED HAVE CLOSED. OR TRANSFERRED WITHIN THE LAST YEAR, ‘Summary of Sales Comparison Approach. Sea Attached Addendum Indicated Value by Sales Comparison Approach $ Indicated Value by: Sales Comparison Approach $ 155,000 Cost Approach (ifdeveloped) $ 161,000 income Approach (if developed) $ N/A ALL WEIGHT WAS GIVEN TO THE SALES COMPARISON APPROACH. NO FURNISHINGS OR PERSONAL PROPERTY WAS INCLUDED IN THE VALUATION OF THE SUBJECT. This appraisal is made Ex}rasis” ” Cisibject to compieon per plans and specicalons on the bass of @hypotheicalcondlon that te improvements have been completed, ‘Subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or D3sutpject to the folowing required inspection based an the extraordinary assumption that the condition or deficiency does not require alteration of repai: See Attached Addendum Based on a visual inspection of the exterior areas of the subject property from at least the street, defined scope of work, statement of assumptions and limiting conditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property tnat is the subject of this report is $ 185,000 as of 08/07/2008 se Was Fo SE Mah 28 ADMINISTRATIVE COMPLAINT EXHIBIT # PAGE 3 _a Pe a a eee Appraisal Works, inc. SUMMARY REPORT . Exterior-Only Inspection Residential Appraisal Report CLARIFICATION OF INTENDED USE AND INTENDED USER: File No. 08013724 THE INTENDED USER OF THIS APPRAISAL REPORT IS THE LENDER/CLIENT. THE INTENDED USE IS TO EVALUATE THE PROPERTY, THATIS THE SUBJECT OF THIS APPRAISAL FOR A MORTGAGE FINANCE TRANSACTION, SUBJECT TO THE STATED SCOPE OF WORK, PURPOSE OF THE APPRAISAL, REPORTING REQUIREMENTS OF THIS APPRAISAL REPORT FORM, AND DEFINITION OF MARKET VALUE. NO ADDITIONAL H INTENDED USERS ARE IDENTIFIED BY THE APPRAISER. MENTS: « ANDITIO! COST APPROACH TOVALUE (not required by Fannie Mai B Provide sae infomation or the Tendedient to ‘eplicate the below cost figures and catculations. ‘Support for the opinion of site value (summary of comparable land sales or ather methods for estimating site value) THE SUBJECTS NEIGHBORHOOD IS OVER 75% BUILT. @ UP. THERE IS A LIMITED NUMBER OF CURRENT LAND SALES AVAILABLE. THE SITE VALUE WAS ESTABLISHED BY USING THE ABSTRACTION me METHOD. THE OPINION OF THE REPLACEMENT COST IS INTENDED ONLY FOR MORTGAGE PURPOSES AS PART OF A VALUE OF THE WHOLE. PROPERTY; IT iS NOT INTENDED FOR OTHER USE. ESTIMATED. REPRODUCTION OR REPLACEMENT COST NEW Source of cost data MARSHALL AND SWIFT. OPINION OF SITE VALUE .. Oweling 2,477 Sq. FL@S Quality rating from cost service AVG. Effective date of cost data 08/2008 Comments on Cost Approach (gross fiving area calculations, depreciation, etc.) {——————————— APPLS, ENTRY, PATIO, CV. LFLe@s COST DATA WAS REFERENCED THRU MARSHALL & SWIFT SERVICE. THE SUBJECT WAS COMPARED TO AN AVERAGE QUALITY HOME. Garages Tolal Estimate of Cost-New NO FUNCTIONAL OR EXTERNAL OBSOLESCENCE WAS OBSERVED. Less 680 Physical | Functional | Extemal BHIGH LAND TO VALUE IS OVER 30% THIS IS TYPICAL OF HOMES IN THIS AREA. ADDITIONALLY, LAND ASSESSMENTS, AS PROVIDED BY. THE COUNTY, ALSO REFLECT HIGH LAND TO VALUE RATIOS. Y) 40 Years Estimated Remaining Economic Le (HUD and VA INDICATED VALUE BY COST APPROACH. “INCOME APPROACH 7 VALUE {not required by: Fannie! Estimated Monthy Market Rent $ X Gross Rent Muttiplier NIA_=$ NIA Indicated Value by incon ‘proach ‘Summary of Income Approach (including support for market rent and GRM) {,PROJEGT INFORMATION FOR PUDs: epi. Js the aereoperide in in contol of the Homeowners’ Association (HOA)? ves |_JNo unit Detached Attached Provide the folowing information for PUDs ONLY ifthe developerfoulder Is in contra ofthe HOA and the abject penis atc eng ni Legal name of project Total number of phases Total number of units otal number of units sold Total number of units sented Total number of units for sale Data source(s) gs) into a PUD? _(Jyes (Jno tt Yes, date of conversion. | ese pet es ye cousin oe ting build (s) No if No, describe the status of completion, Cives (Jno Are the common elements leased to of by the Homeowners’ Association? Describe common elements and recreational facilities. Peal AG sje GOST) ore ent STC a If Yes, describe the rental terms and options. "Fane Mae Form 2055 March 2005 ADMINISTRATIVE COMPLAINT EXHIBIT PAGE or 9 _ SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report Fie No. 98013724 al This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a 7 unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit . fin a condominium or cooperative project. é ' r ' This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of matket value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the compiexity of this appraisal assignment and the reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a visual inspection of the exterior areas of the subject property from at least the street, (2) inspect the neighborhood, (3) inspect vach of the comparable sales from at least the street, (4) research, verify, and analyze data from reliable Public and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. The appraiser must be able to obtain adequate information about the physical characteristics (including, but not limited to, Condition, room count, gross living area, etc.) of the subject property from the exterior-orly inspection and reliable public and/or Private sources to perform this appraisal. The appraiser should use the same type of da’a sources that he or she uses for comparabie sales such as, but not limited to, multiple listing services, tax and assessment records, prior inspections, appraisal files, information provided by the property owner, etc. INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of * this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby; (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest, (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dotlars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions” granted by anyone associated with the sale. “Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already tavolved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certiication in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the titie. 2. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal Teport whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 3. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 4. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal, Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser wili not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist, Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as an environmental assessment of the property. 5. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professionat manner. ASSP COVIPLAINT. Produces ung ACI sofas 9234 B727 wore aca con ADIMINTS EXHIBIT # PAGES ep SUMMARY REPORT Exterior-Onty Inspection Residential Appraisal Report file No. 08013724 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. have, ata fyaimum, developed and reporad this appraisal in accordangey with the scope of work requieements stated in this KE appraisal report. . 2. [performed a visual inspection of the exterior areas of the subject property from at least the street. | reported the condition of the improvements in factual, specific terms. | identified and reported the physical deficiencies that could affect the livability, soundness, or structural integrity of the property. 3. | performed this appraisat in accordance with the fequirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisa! Foundation and that were in place at the time this appraisai report was prepared. 4. | developed my opinion of the market value of the real property that is the subject uf this report based on the sales comparison approach to value. | have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. | further certify that | considered the cost and income approaches to valuc: but did not develop them, unless otherwise indicated in this report. 5. | researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. J researched, verified, analyzed, and reported on the prior sales of the comparable saies for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. . 7. {selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. Ihave not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the land, 9. Ihave reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales. 10. | verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. | am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. | obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from Teliable sources that I believe to be true and correct. 14. | have taken into consideration the factors that have an impact on value with respact to the subject neighborhood, subject Property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. | have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that 1 became aware of during the research invotved in performing this appraisal. 1 have considered these adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject Property, 15. | have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, ail statements and information in this appraisal report are true and correct. 16. | stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. have no present or prospective interest in the Property that is the subject of this report, and | have no present or prospective personal interest or bias with respect to the participants in the transaction. | did not base, either partiaily or completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familia! status, or national origin of either the prospective owners or occupants of the sudject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for Performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that | would report (or present analysis supporting) a predetermined Specific value, a predetermined minimum value, a tange or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). . 18. | personally prepared ail conclusions and opinions about the real estate that were set forth in this appraisal report. If | relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the preparation of this appraisal report, | have named such individual(s) and disclosed the specific tasks performed in this appraisal Teport. | certify that any individual so named is qualified to Perform the tasks. | have not authorized anyone to make a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and | will take no responsibility for it. 20. 1 identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered and will receive this appraisal report. 2 a i ET rams PN Shim MP LAINT, exHiait 4] SUMMARY REPORT Exterior-Only inspection Residential Appraisal Report fie No. 08013724 21. The ender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrows the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterpri: ther secondary market Parligigistts; data collection ar repontidi§‘services; professional apfiGival organizations; any dep’ t, agency, or instrumeniiatiy of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraise’’s (if appticabie) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not timited to, the Public through advertising, public relations, news, sales, or other media). 22. | am aware that any disclosure or distribution of this appraisat report by me or the lender/client may be subject to certain laws and regulations. Further, | am also subject to the Provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. If this appraisal report was transmitted as an “electronic record” containing my “eluctronic signature,” as those terms are defined in applicable.federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall ba as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal repor. may result in civil liability and/or criminal Penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state laws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. {directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. | accept full responsibility for the contents of this appraisal report including, but no’ limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. ‘This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and - promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal Teport was prepared. 5. If this appraisal report was transmitted as an “electronic record” containing my “electronic signature,” as those terms are defined in applicable federal and/or state laws (excluding audia and video recordings), or a facsimile transmission of this appraisal feport containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a Paper version of this appraisal report were delivered containing my original hand written signature. j—_— APPRAISER SUPERVISORY &PPRAISER (ONLY IF REQUIRED) —> : Signature aFtapl Signature Name STEPHEN MALTAGLIATI, SRA Name Company Name APPRAISAL WORKS, ING, Company Name _ ~ Company Address 7100 BISCAYNE BOULEVARD #301 Company Address MIAMI, FL 33137 Telephone Number 305-576-4649 Telephone Number Email Address SMALTA@AOL.COM Email Address Date of Signature and Report 08/14/2008 Date of Signature Effective Date of Appraisal oa/o7/z008 State Certification # State Certification # ST.CERT.GEN REA #0000952 or State License # or State License # State FL. or Other (describe) State # Expiration Date of Certification or License State FL. Expiration Date of Certification or License 11/30/2008 ADDRESS OF PROPERTY APPRAISED SUBJECT PROPERTY 10722 SW 145 STREET : ODid not inspeci exterior subject property MIAMI, FL 33176 Cbid inspect exterior of subject property from street Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY $ 155,000 LENDER/CLIENT COMPARABLE SALES Name Did not inspect exterior of comparable sales from street Company Name JPMORGAN CHASE BANK Did inspect exterior of comparable sales from street Company Address TAMPA, FL 33634 Date of Inspection TAMPA, FL 33634 Email Address rede ‘ccm, 2005 Produced using ACI sotpeae eee ore Wrarwe ciereb.com Appraisal Works, Inc. ADMINISTRATIVE COMPLAINT. EXHIBIT #_] PACE = = SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report file No, 08013724 FEATURE SUBJECT COMPARABLE SALE NO. 4 COMPARABLE SALE NO. § COMPARABLE SALE NO. 6 10722 SW 145 STREET : 10760 SW 143 TERRACE By Addess MIAMI MIAMI Proximity to Subject 0.40 MI NNW. (dae Price + ANA f ESE 507 575 : ee B Sdle PricetGioss Li Area_|$ o.00 sot {s 8179 st OF Dace Sowce(s) FARES/MLS [FARES HH Vetiication INSPECTION __| MLS/AGENT. A VALUE ADJUSTMENTS. DESCRIPTION DESCRIPTION 11) 5 jure, Sale oF Financing NIA NONE Ra Concessions : Date of Saie/Time NA ACTIVE/LISTING -30,000 Mf Location AVGIRESID AVG/RESID LesseholdiFee Simple [FEE SIMPLE FEE SIMPLE . Sie 15225 Sq.Ft. 40400 SQ.FT. +5,000 View RESIDENTIAL RESIDENTIAL Ba Design (Style) 4-STORYIAVG. _[1-STORYIAVG, jf Quality of Construction | CBS/AVERAGE __| CBS/AVERAGE ‘Acual Age 36YRSHOEFF [36 YRS/10 EFF PB Condition AVERAGE AVERAGE Above Grade Teal |edems| Bans Texas Bars} Baths Towat [Berms,| Baths Toul [paims|___Bats Room Count s| 3 2{-el 4 3 5,000 Gross Living Area 12 2,477 59. ft 2,538 59. ft. sg. ft 3g. ft Basement & Finished | NONE NONE Rooms Below Grade —_|__ Functions Utility AVERAGE | AVERAGE MB Heating/Cooling _ CENTRAL CENTRAL Energy Efficient tems | STANDARD STANDARD Garage/Carpon [OPEN PARKING | GARAGE.2 -10,000 PorchiPatia/Deck PORCHPATIO _| PORCH,PATIO. OTHER NO POOL POOL i =15,000 Fa] Net Adusmnent (Tota | [C. &)- Ts sso00| x}. ()- Is o] ik). (fs of Comparables : Gross Adj, 31.3%% | $ 152,575 | Goss Adi 0.0% % [5 G Gross Adj, 0.0% _% TEM SUBJECT COMPARABLE SALE NO. 4 COMPARABLE SALE NO. § COMPARABLE SALE NO. 6 Date of Prior Sele/Transler [No PRIOR SALE NO PRIOR SALES Price of Prior Sale/Transfer IN THE LAST 36 MONTHS _| IN THE LAST 12 MONTH Data Source(s) FARES. FARES. Effective Date of Data Source(s) | 08/2008 08/2008 ‘ BA Summary of Sales Comparison Approach Bs so ‘Fred Mac Form 2055, Masch 2008 ‘Produced ving ACI sonar, S00234 G72] wow aciweh. com ADMINISTRATIVE"@OMPLAINT, - EXMIBIT # ADDENDUM FlieNo. 08013724 Com ments on Sales Comparison The sueétproperty is a rancti.stjiesingle family homig-séwtaining 3 bedroontsae2 bathrooms ff measuring 2477 square feet. The subject neighborhood is known as Richmond Heights. this area includes single famity homes typically containing 1000 to 1600 square feet. the few larger homes such as the subject property, are considered overimprovements for the area. Thus, sales 1, 2, and 3 are considerably smaller sized homes, and all 3 sales required positive size adjustments. the size adjustment was made at a low value per square foot ($12.00) to compensate the subject's larger size. Comparable 4 is an active listing of an oversized home like the subject. The exterior condition of the subject is in average. the interior condition is assumed to be consistent with the condition of the exterior. No external obsolescence noted. All comparables sales utilized are considered good indicators of value due to their recent sales date. No comparable sales similar in size were available.Thus, all 3 sales received positive size adjustment. Sale 3 is a bank owned sale and was in fair conditio at time of sa‘e. Thus a condition adjustment is warranted. Due to the fact that the subject is oversized for the neighborhood, the line, net, and/or gross adjustments exceed typical FNMA guidelines. However, no other comparable sales were available. Supplemental Addendum PURPOSE OF APPRAISAL The purpose of this report is to estimate the market value of the subject property as of the date indicated. The subject is appraised on the basis of conventional financing, unaffected by any special financing, fees, costs or credits. SCOPE OF THE APPRAISAL The "scope of the appraisal" means the extent of the process of collecting, confirming and reporting data pertinent to the formation of a market value estimate for the subject property. The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property and neighborhood, and selection of comparable sales within the subject market area. The original source of the comparables are shown in the Data Source section of the market grid, along with sources of confirmation, if available. When conflicting information was provided, the source deemed most reliable was used. Data believed unreliable was not included in the report, nor used as a basis for the value conclusion. All of the relevant aspects of the verified data relied upon, as known to the appraiser, is reported within this report. Descriptive factors and a discussion of the data are included within the appropriate sections of this report. INTENDED USE This appraisal report is intended for use in a mortgage finance transaction only . This report is not intended for any other use. HIGHEST AND BEST USE ‘Addendum Page 1 of ADDENDUM FileNo. 08013724 Highest and Best Use. The reasonable probable and legal use of vacant land or improved property, which is physically possible, appropriately supported, financially feasible, and that ‘Sous in the highest\vaiué"the four criteria tieMGHEst and best uséimusenieet are legal © - permissibility, physical possibility, financial feasibility, and maximum profitability. ithe er bas Highest and best use of land or site as though vacant. The use of a property based on the assumption that a parcel of land is vacant or can be made vacant ihrough demolition of any improvements. Highest and best use of property as improved. The use that should be made of a property as it exists. The opinion of Highest and Best indicated in this report takes into account these factors and the nature of the subject property as it compares with the surrounding neighborhood. CONDITION OF COMPONENTS The appraisal calls for opinions of condition on certain components of the subject improvements including, but not limited to; appliances, heating/cooling, surfaces, electrical, mechanical, roof, and plumbing systems. The conditions indicated in this report are based on observations made at the time of inspection. They rely on reasonable expectations as to adequacy as well as visual indications; and are based upon neighborhood standards. The observations do not constitute Certifications; and if certification is required a legally qualified consultant should be retained. ZONING AND BUILDING COMPLIANCE The opinion of zoning compliance expressed in this report is based on inspection of the property, and generally available information with respect to the assigned zoning classification, and does not represent a certification of compliance. This report also assumes that the property as inspected was built in compliance with all applicable codes, regulations and that all necessary permits were obtained. ENVIRONMENTAL. Unless otherwise stated in this report, the existence of hazardous material, storage items, containers, or material that are not intended for normal and average consumer usage around the home, which may or may not be present on the property, was not cbserved by the appraiser. The appraiser has no knowledge of the existence of such materials on or in the property. The appraiser, however, is not qualified to detect such substances. The presence of substances such as asbesios, urea-formaldehyde foam insulation, or other potentially hazardous materials may affect the value of the property. The value estimate is predicated cn the assumption that there is no such material on or in the property that would cause a loss in velue. No responsibility is assumed for any such conditions or for any expertise or engineering knowledge required to discover them. The client is urged to retain an expert in this field, if desired. FLOOD ZONE The flood zone indicated on this report was obtained from flood insurance rate maps (firm), issued by the federal emergency management agency (FEMA). The zone indicated in the yes/no space on the first page of this report refers to whether or not the subject property lies ina FEMA or HUD defined flood hazard area. tt does not refer to flood insurance requirements, which are set by policy of lenders and participants in the mortgage markets. Occasionally, a property will be located on or near a flood zone boundary line making it difficult to determine the exact zone, given the limited detail of the firm maps. in these instances the most hazardous zone will be indicated on the report. Final verification of the zone should be made by | nee ADMINISTRATIVE COMPLAINT. EXHIBIT # PAGE I/D ADDENDUM FlieNo. 08013724 engineering survey. PERSONA HS FERTY Personal property, including those items which are not permanently attached/affixed to the real property, have not been included in the estimate of value unless otherwise indicated. Examples of the aforementioned include above ground pools, counter top microwaves ovens, moveable dishwashers, furniture, etc. SQUARE FOOTAGE - COMPARABLE SALES The appraiser uses actual living area in the market analysis for the subject and the comparable sale properties. The living area utilized for the comparable sales nas been obtained from the Public Records/Tax Rolls and may have been further modified by the field appraiser's observation of the actual improvements. The living area of the comparable sales has been estimated to the best of the appraiser's observations and information obtainable. However, the appraiser has not measured the sale properties or had benefit of surveys, unless otherwise noted. TAXES/LEGAL DESCRIPTION This information has been derived through public record sourcesitax rolls as provided by ISCNET to our office. COST APPROACH The replacement costs utilized within this appraisal are obtained from the “Marshall & Swift Cost Handbook" and rounded. The appropriate cost adjustments wery made for size and style of the improvements. These cost figures are frequently compared to actual construction costs supplied by local builders. The site value was based upon recent sales of comparabie sites in the Subject's general neighborhood or competing neighborhoods. If no land sales were available, the site value was abstracted from improved sales from within the Subject's immediate area. if the subject property is a condominium unit, the cost approach is not considered appropriate and therefore was not utilized in this report. MARKET APPROACH The adjustments for sales/financing concessions are not necesserily the stated value of the concessions, but rather the market-indicated impact of such concessions. Whenever possible, financial considerations have been verified by buyer, seller or sales agent. It is the appraiser's opinion that the comparable sales utilized are the most reflective of the market for the Subject property. INCOME APPROACH The Income Approach is premised on capitalizing a net operating income from a property to arrive at an indicated value. Residential property is typically purchased for its intangible assets, Addendum Page 3 of 4 ALMEMISTRATIVE COMPLAINT EXHIBIT # / PASE / OF a ADDENDUM FileNo. 08013724 and not for the purposes of generating income. Furthermore, the ‘ack of reliable rental data makes this approach too weak to utilize. RECDTIBATION t Each approach demonstrated is considered to be a reflection of market behavior. The final reliance is placed upon the Market Approach to vaiue because of the reliability and availability of market data. In addition, it is most reflective of buyers and sellers attitudes within the local market. The Cosi Approach is considered a supportive indicator of value. Mian Pam EXHIET # PASE {2 WE ADMINISTRATIVE C MPLAINT. FLOORPLAN Borrower: FELICIA FREEMON File No.: 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MAME State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK Sketch by Apex IV Windows™ AREA CALCULATIONS SUMMARY Code Description Size Totals Breakdown Subtotals}: ADMINISTRATIVE QOMPLAINT 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33738 EXH} i R iT # / PAGE 13 OF s LOCATION MAP Borrower: FELICIA FREEMON File No.:_ 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MIAMI State: FL. Zip: 33176 Lender: sPMORGAN CHASE BANK Maul ae pote ier ces "7 hes i o 2 4 , 2 FF | swhsoirgrer 1301 Ter sv 30h in a = |e |"3 : y = 2 | a Jo i ise |S IF t swi3i a Fs = bw { SW 132nd St = 3 s [ose | st @ wo o S 6 2 sw 13nd Ter = a | ea ISW_1p4th > s iS ke SW1135th Stja SW 135th oy SW 134th Ln ie) tn byvl136ih St UiPOL AAS 5w 134th St swnshs | SW 140th St ig Sw 14Gth ST 75 UospeW je veing ven BAY HILOLIMS v \\" 15390 5 (o2}) ary YiZil MS Pe) EJ ; ie 2 = > z Hy y filer 160th St OUR focus] | | | em “Se xe = a | (\ 1 sdwlScater 2.08 witead| na aot sf 160th Dr | pense — Jo Or s 10722 SW 145th st N/A N/A 5 3 2 2477 0.00 MI 1 14633 SW 104th Ave 05/16/2008 120000 $s 3 1 1016 0.32 MI ESE 2 14340 Monroe St 07/01/2008 130000 5 3 2 1151 0.67 MI W 3 14721 Polk st 05/05/2008 125000 6 4 2 1698 0.27 MI WsW 4 10760 SW 143xd Ter ACTIVE/LISTI 207575 6 4 3 2538 «0.10 MI NNW 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 APPRAISAL WORKS, INC. Borrower: FELICIA FREEMON File No. 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MIAMI State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 Borrower: FELICIA FREEMON File No.: 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MIAMI State: FL Zip: 33476 Lender: JPMORGAN CHASE BANK e824 1765 STATE OF FLORIDA DEPARTMENT | OF BUSINESS AND. PROFESSIONAL REGULATION RIDA. REAL ESTATE APPRAISAL SEQ#1061109012 i DATE ' [41/09/2006 : The CERTIFIED. GENERAL APPRAL. Named below IS CERTIFIED : Under the provisions of Chap Expiration date: NOV 30, 2008" Zas,Ne OATH STEPHE: Se 34TH ST SUITE 202 BB : . % 33137 JEB BUSH : . SIMONE MARSTILLER GOVERNOR nient av Ae BEAL UNEA AVI ae SECRETARY 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 pace 1 oF Ayo, Borrower: FELICIA FREEMON File No.:_ 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MIAME . State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 SUBJECT PROPERTY PHOTO ADDENDUM Borrower: FELICIA FREEMON File No.: 08013724 Property Address: 10722 Sw 145 STREET Case No.: City: MAMI State: FL Lender: JOMORGAN CHASE BANK Zip: 33176 FRONT VIEW OF SUBJECT PROPERTY Appraised Date: August 7, 2008 Appraised Value: $ 155,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE ADMINISTRATIVE COMPLAINT | - EXHIBIT # PAQE / ac —F ya COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: FELICIA FREEMON File No.:_ 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MIAMI State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK COMPARABLE SALE #1 14633 SW 104 AVENUE MIAMI Sale Date: 5/16/2008 Sale Price: $ 120,000 COMPARABLE SALE #2 14340 MONROE STREET MIAMI Sale Date: 07/01/2008 Sale Price: $ 130,000 COMPARABLE SALE #3 14721 POLK STREET MIAMI Sale Date: osios/2008 Sale Price: $ 125,000 ADMINISTRATIVE COMPLAINT , i COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: FELICIA FREEMON : File No.:_08013724 Property Address: 10722 SW 145 STREET Case No.: City: MiAMI i State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK COMPARABLE SALE #4 10760 SW 143 TERRACE MIAME Sale Date: ACTIVE/LISTING Sale Price: $ 207,575 ADMINISTRATIVE COMPLAINT EXHIBIT #/ PACE ZO OF O4/ £46 400 LU. UL suIDfsuro4 APWURKS_MAPMIWKKS raga Real Estate Appraisers & Consultants 407 Lincotn Road Suite 10R Miami Beach, Florida 33139 Phone: (305) 576-4649 Fax. (305) 573-0734 E-Mail: smalta@aol.com FAX TRANSMITTAL SHEET TO: Blix Mizjozutkov FROM: ‘Sterden MALTAS lias DATE: of ry/o7 FAX NUMBER: 736 336 [~7? NUMBER OF PAGES: COMMENTS: Helle Fel, Zt sever Ther 1 Farts Respowse vt Te J¢ wor PIEASE kt me know tmm epiarely f ; ; WJ thmeplare will couRien iS thfodmatio ye 1S BOE ep ts OL ADMINISTRATIVE COMPL INTC) | EXHIBIT ¢_2___Exhibi Page PAGE OF 04/24/2889 16:52 3055738734 APWURKS_HMWRKS rau uz Florida ee Denarmerts Division of Real Estate ’ . Thomas O'Bryant, Jr,, Director _ Business, ( 8240 NW 52" Terrace, Suite 522 P rofessionial Dorel, Florida 33166 Reg at On Phone: 786.336.1460 + Fax: 786.336.1472 ee Charles W. Drago, Secretary . ; Charlle Crist, Governor Stephen MALTAGLIATI 407 Lincoln Road Suite 10R Miami Beach, FL.33139 RE: DBPR Case # 2009004748 Dear Mr. MALTAGLIATI: this letter is to serve as official notice, in accordance with Section 455.225(1), Florida Statutes, that a complaint has been filed against you (copy .attached) and that an investigation has been initiated regarding the allegations made in the complaint. | have been assigned to the case, and | will be in contact with you at the earliest possible time to schedule a mutually convenient appointment to discuss the complaint in detail. You may submit a written response to the information contained in the complaint within 20 days after receipt of this letter. Any such response .and/or contact with the agency regarding this matter, prior to personal contact with me, should be directed io my attention at the letterhead address. Please be advised that at this stage, our investigation is confidential. Pursuant to Section 455.225(10), Florida Statutes, the complaint and all information obtained pursuant to the investigation is confidential until ten days after probable cause is found to exist, ff such a finding is made, or until the licensee waives their right of confidentiality, whichever occurs first. Investigations differ in complexity and duration, so a definite time frame of completion is not possible. We appreciate your cooperation and understanding in this regard. if you have any questions about the foregoing, you may contact me at the telephoge number listed above. Fax: 786.336.1472 Enclosure ADMINISTRATIVE COMPLAINT, | LICENSE EFFICIENTLY. REGULATE FAIRLYEHIBIT 4¢_ 2 WWWMYFLORIDALICENSE.COM n34 rc ae SRE OF: 6 we 64/24/2609 1lbid2 355 /30 434 APWURKS_HMWRKS PAGE Us _ April 22, 2009 Feleix Mizioznikov Investigation specialist I Bureau of Enforcment Re: DBPR Casc#2009004748 Dear Mr. Mizioznikov, The following information will serve as my official response to the complaint made about my appraisal report dated 08/07/2008, The appraisal report is for a single family home located at 10722 SW 145 Street, Miami Fl 33176. The interior of the subject property was not inspected at the request of the lender. The complaint appears to be based on the fact that the comparable sales “aren’t remotely comparable as regards to site size, age/condition, GLA or features” The subject is located in a subdivision known as Richmond Heights, Richmond Heights includes several sections with over 500 homes. At time of the appraisal, an extensive search for comparable sales was made in order to locate the most recent comparable sales. During this period, South Florida in general, and particularly South Miami-Dade County where the subject property is located, had already experienced a well publicized decline in market values, as well as an excess of foreclosures and short sales. I have attached as part of this response, a list of all the transaction recorded in Richmond Heights. These recorded transactions are from January 2008 to August 2008. Within this time period there has been 60 recorded transactions. Out of these transactions only 7 sales were within market range. The others, as it is clearly visible on the attached list, are recorded as from $0 to $35,000+-. The vast majority of these transactions are recorded as $0 and represent bank repossessions. The appraisal report was prepared for a lender. As such, they have imposed strict guidelines as to how far back in time I was able to select comparable sales. In other words, duc to the decline in market value and oversupply of homes in the neighborhood, their guidelines was to select the most recent sales. Additionally, due to the limited number of comparable sales, the few sales available that could have been utilized were distressed sales. Due to lack of sales within the subject subdivision (Richmond Heights), the predominant valuc reported in the appraisal included nearby nei ghborhoods that are considered superior to the subject and not comparable. ; The complaint also questions weather the subject is an overimprovement . The subject is larger than the typical home in the nei ghborhood. However, it does not mean that the subject is the largest home in the area. The complainant provides samples of larger sized homes within the Richmond Heights to indicate that the subject is not an overimprovement. These properties do exists but are not typical of the neighborhood. The P a4 64/24/2069 14:52 3855738734 APWORKS_HMWRKS AGE typical home in Richmond Heights measures 800 to about 1600 SF. Homes that are similar in size to the subject Property are uncommon. Due to client imposed guidelines, the size adjustment was made at a lower value per square foot than what the market typically accepts in this neighborhood. This is because the available closed comparable sales were considerably smaller than the subject. No interior inspection was made, the assumption was made that the interior’s flooplan is functional. As explained above, the subject neighborhood was undergoing a rapid decline in value due to the several existi ng foreclosures and short sales. Due to this unstable market, the selection of comparable sales is very limited. Therefore, once the comparable sales were sclected and gridded in the Sales Comparison Approach, the adjustments made to the subject property took into consideration the client imposed guidelines. In other word, if the linc, net, and gross adjustments excceded a certain percentage the appraisal, then the appraisal would be rejected. All 3 sales received positive adjustments for site size, room count, and building size. The condition adjustment was applied only to Sale 3 because of its inferior condition. Sales 1 and 2, although foreclosure sales, were described as average. Foreclosure sales are not necessarily homes that require updating. Thus, Sales 1 and 2 required no adjustment In conclusion, due to the limited number of avai lable sales, and taking into consideration that foreclosure sales and short sales are the predominant type of transaction within the subject neighborhood, the salcs selected were deemed teasonable indicators of value. Although there are homes within Richmond Hei ghts that are similar in size to the subject, the vast majority of homes are smaller in size. If Thad the opportunity to utilize similar size homes, I would have done so. The complainant offered no alternative comparable sales to indicate a higher market value. Althou gh he/she states: “ Considering the volume of comparable data available, as noted above, it’s not a rational or reasonable report”. The data provided by the complainant includes tax cards of similar sized homes located in the subject neighborhood not closed sales. ‘The appraisal was prepared in accordance to Specific clicnt requirements. Sincerely Stephen } Tati, SRA State Certified General RE Appraiser #0000952 STRATIVE COMP LAINT. A AVS) EXMIBIT Hh ————$——— CAGE Y OF a ana ULE LUMFARABLE MARKET ANALYSis5 PAGE: 6 A PREPARED BY: APPRAISAL WORKS, INC. SUBJECT 30~5019-011-0370 BED BTH ADJ SOFT SL CLUC ZONING WG V LOT size 10722 Sw 145 st 3 2 2,615 01 O01 15,225 CORRELATED pR OPERTY AVERAGES SCAN 32 FOLIOS FOR 12 MATCHES AVERAGING 1,509 SQ FT @ $16.02 /sort SALE-HIGH: 160,000 Low: 0 AVG: 24,183 AVG ASMT: 192,814 AVR 0.125 ASSESSED RATIO AMT: 35,849 ADJUSTED SOFT AVERAGE: 41,892 X PROPERTY. ADDR OR NUMBER BD BTH SQ FT DATE AMOUNT T I LOTSZE $/SF YB AVR — 10705 sw 138 st 5 3 4396 0808 03 P 16117 0.0 89 0.0 — 14660 MONROE st 3041 1280 0808 a5 7500 0.0 50 0.0 .. 13940 JACKSON st 301 1186 0808 05 7500 0.0 45 0.0 15120 FILLMORE st 4 2 1286 0808 100 3 8000 0.0 61 0.0 _ 15040 SW 107 Ave 3 2 1021 0808 160000 1 9345 156.7 59 1.0 .. 14334 SW 108 cT 3 04 1246 0808 100 3 7500 0.0 74 0.0 _ 14201 SW 117 ave 2 1 1065 0708 08 8000 0.0 72 0.0 10721 SW 151 st 3.2 1289 0708 04 7875 0.0 58 0.0 _ 14335 SW 107 cr 3 1 1091 0708 0 3 8000 0.0 72 0.0 — 14125 sw 109 PL 3 021 1736 0708 04 7800 0.0 74 0.0 14860 PIERCE st 3°21 1366 0608 05 7400 0.0 51 0.0 - 14340 MONROE ST 3°21 1151 0608 130000 8 8466 112.9 50 o.8 ‘X'SVIEW 'D'=DELETE FI=SHIFT DATA F4=MORE F6=ALTER SBARCH F7=SUBJECT F10=HELP TRIS RES 04/24/2069 10:52 38557238734 APWORKS_HMWRKS PAGE 96 IR15-022 COMPARABLE MARKET ANALYSIS PAGE: 9 A PREPARED BY: APPRAISAL WORKS, INC. SUBJECT 30-5019-011-0370 BED BTH ADJ SQFT SL CLUC ZONING W GV LOT SIZE 10722 SW 145 sT 3 2 2,615 01 O01 15,225 CORRELATED PROPERTY AVERAGES SCAN 55 FOLIOS FOR 24 MATCHES AVERAGING 1,442 SQ TT @ $21.56 /SQFT SALE-HIGH: 220,000 Low: O AVG: 31,086 AVG ASMT: 166,906 AVR 0.186 ASSESSED RATIO AMT: 53,235 ADJUSTED SQFT AVERAGE: 56,379 X PROPERTY ADDR OR NUMBER BD BTH SQ FT DATE AMOUNT T I LOTSZE $/SF YB AVR _ 14020 VAN BUREN ST 301 1139 0608 05 7400 0.0 51 0.0 _ 10751 SW 151 st 3.2 1547 0608 04 7875 0.0 58 0.0 _ 13801 JACKSON sT 3°21 1018 0608 05 7700 0.0 59 0.0 — 10980 SW 143 TERR 4 2 1501 0608 08 7500 0.0 75 0.0 _, 14721 POLK sT 4 2 1644 0508 125000 8 7400 76.0 50 0:6 _ 14400 GRAVES DR 4 2 2669 0508 0 3 7548 0.0 51 0.0 — 14215 MONROE sT 3.2 1508 0508 05 7100 0.0 51 0.0 _ 14015 VAN BUREN ST 3041 1086 0508 0 3 7000 0.0 51 0.0 _ 13920 JACKSON ST 3 01 889 0508 04 7500 0.0 45 0.0 — 11600 Sw 142 st 41 1296 0508 220000 6. 7500 169.7 59 1.4 _ 10730 SW 150 TERR 2 1 954 0508 868 6 7875 0.9 58 0.0 _ 14640 JACKSON ST 3041 1244 0408 110000 1 7400 68.4 50 0.7 'X'=VIEW 'D'=DELETE FI=SHIFT DATA F4=MORE F6=ALTER SEARCH F7=SUBJECT F10=HELP TRiS ; MLS RES nor oy | rp SAE Fa pr ADMINISTRATIVE COMPLAINT. EXHIBIT #22 PAGE _& OF 84/24/2809 18:52 3495738734 APWORKS_HMWRKS PAGE 87 IR15-022 COMPARABLE MARKET ANALYSIS PAGE: 6 A PREPARED BY: APPRAISAL WORKS, INC. SUBJECT 30-5019-011-0370 BED BTH ADJ SQFT SL CLUC ZONING WG V LOT SIZE 10722 SW 145 ST 32 2,615 0101 15,225 CORRELATED PROPERTY AVERAGES SCAN 62 FOLIOS FOR 12 MATCHES AVERAGING 1,407 SOFT @ $23.39 /SOQFT SALE-HIGH: 155,000 Low: 0 AVG: 32,916 AVG ASMT: 133,544 AVR 0.246 ASSESSED RATIO AMT: 70,452 ADJUSTED SQFT AVERAGE: 61,165 % PROPERTY ADDR OR NUMBER BD ETH SQ FT DATE AMOUNT T I LOTSZE $/SF YB AVR _ 14361 CARVER DR- 3 1 11560408 10000 5 8137 8.6 51 0.1 7 10730 SW 150 TERR 1 954 0408 125000 6 7875 131.0 58 0.8 7 10751 SW 151 ST 3 2 1547 0408 08 7875 0.0 58 0.0 7 13800 VAN BUREN ST 32 1 1023 0408 0 4 7800 0.0 60 0.0 ~ 10760 SW 143 TERR 3 2 2965 0408 03 P 10400 0.0 72 9.0 ~ 10935 SW 142 IN 32 1339 0408 155000 8 7500 115.7 75 0.8 * 10980 SW 143 TERR 4 2 1801 0408 04 7500 0.0 75 0.0 ~ 14561 PIERCE ST 4 1 1685 0308 0 4 7500 0.0 51 0.0 7 14921 PIERCE st 3 1 1325 0308 05 7500 0.0 50 0.0 ~ 14520 POLK ST 3 4 972 0308 05 7400 0.0 50 0.0 ~ 14401 BocGs DR 3 1 1261 0308 105000 1 6500 83.2 50 0.7 7 18110 POLK st 3 2 41158 0308 04 8000 0.0 57 0.0 SXTSVIEW 'D'=DELETE F1=SHIFT DATA F4=MORE F6=ALTER SEARCH F7=SUBJECT F10 RES ADMINISTRATIVE COMPLAINT, EXMIBIT te) "AGE OF 04/24/2689 18:52 3bod /30/34 APWURKS_HIMWRKS Peon uD IR15-022 COMPARABLE MARKET ANALYSIS PAGE: 7 A PREPARED BY: APPRAISAL WORKS, INC. SUBJECT 30-5019-011-0370 BED BTH ADJ SOFT SL CLUC ZONING WG V LOT SIZE 10722 SW 145 sT 3 2 2,615 01 01 15,225 CORRELATED PROPERTY AVERAGES SCAN 80 FOLIOS FOR 21 MATCHES AVERAGING 1,365 SQ FT @ $20.19 /SQFT SALE-HIGH: 80,500 LOW: 0 AVG: 27,56] AVG ASMT: 142,110 AVR 0.193 ASSESSED RATIO amT: 55,435 ADJUSTED SQFT AVERAGE: . 52,797 X PROPERTY ADDR OR NUMBER BD BTH SOQ FT DATE AMOUNT T I LOTSZE §$/SF YB AVR _ 15035 HARRISON sT 3.2 1665 0308 79300 5 7500 47.0 56 0.4 _ 10710 SW 149 TERR 3.2 1117 0308 05 7875 0.0 58 0.0 _ 13620 MADISON ST 301 989 0308 23500 5 8000 23.7 62 0.4 _ 10845 SW 142 LN 4 2 1239 0308 05 7500 0.0 75 0.0 _. 14035 MONROE ST 4 1 1247 0208 500 5 7100. 0.4 51 0.0 _— 15125 HARRISON ST, 3.02 1222 0208 05 7500 0.0 56 0.0 _. 14402 SW 107 PL 3.2 1344 0208 80500 5 7500 59.8 720.4 _ 10735 SW 141 LN 2 1 1089 0208 0 5 11100 0.0 72 0.0 14345 SW 108 cT 4 2 1849 0208 0 3 7500 0.0 75 0.0 “YX '=VIEW 'D'=DELETE FI=SHIFT DATA F4=MORE F6=ALTER SEARCH F7=SUBJECT F10=HELP IR15 NO MORE PROPERTIES FOR CRITERIA RES ADMINISTRATIVE COMPLAINT exensiT #7 _ g ee [ 5 64/24/2009 L1izb 3Dd (30/34 APWORKS_HMWRKS PAGE @1 April 22, 2009 Feleix Mizioznikov Investigation specialist IT Bureau of Enforcement Re: DBPR Case#2009004748 Dear Mr. Mizioznikov, ° As au additional piece of information, please also consider the fact that Comparable sale 4 in my original report was an active listing of a 2538 sq.ft 4 bedroom 3 bath home, with apool and a 10,300 sq.ft lot. This home closed on 11/ 12/08, which is after the effective date of my report for $155,000, It is a foreclosure sale, however, as stated in the previous letter, these types of sales were and still are the predominant type of transaction and thus should be considcred within market, Sincerely Stephen’Maltagliati, SRA State Certified General RE Appraiser #0000952 ’ ADMINISTRATIVE COMPLAINT EXHIBIT 42 Appraisal Order Form ; Printed On: 04/28/2009 ORDER INFORMATION Order Status: Assigned _ File No.: 08013724 Loan Type: Refinance DATES Case No.: Job Type: Limited Ordered: Clients File No.: Property Type: Single Family D ere . oer eooe Tracking No: Form Type: DRIVE-BY ue: DOS File No.: Assigned: 08/06/2008 Inspected: Reviewed: Signed: Fax/EDI: Delivered: 08/06/2008 invoiced: PROPERTY INFORMATION Address: 10722 SW 145 STREET City: MIAMI County: State: FL Zip: 33176 Location: Map No: Census Tract: Legal: Sale Price: Loan Amt: ; Sale Date: User Defined: Rooms: Bedrooms: Baths: Estimated Market Value: . Borrower: E Owner: . Cancelled: CLIENT INFORMATION Paid: 08/21/2008 Client: QUANTRIX VALUATION Client Code: = QUTX BILLING Branch: . Fee: $180.00 Address: 2001 KILLEBREW DRIVE SUITE 460 City: BLOOMINGTON I Zip: 55425 Phone: 866-2842456 s Contact: Misc: BILLING CLIENT INFORMATION Client: QUANTRIX VALUATION Client Code: QUTX Branch: Address: 2001 KILLEBREW DRIVE SUITE 460 Payment #1: $180.00 City: BLOOMINGTON : MN Zip: 55425 Check #: 196982 Date: 08/21/2008 .Phone No.: 866-2842456 " Payment #2: Contact: Check #: Date: Misc: Amount Due: APPRAISER INFORMATION Appraiser; STEPHEN MALTAGLIATI Supervisor. © STEPHEN MALTAGLIATI Cert #: 4 Cert #: License #: : License #: Exp. Date: Exp. Date: Tax: $0.00 Total Amount: $180.00 PRIMARY CONTACT INFORMATION Primary Contact: Home Phone: Best Time to Call: Work Phone: SECONDARY CONTACT INFORMATION Secondary Contact: Home Phone: Best Time to Call: Work Phone: SPECIAL INSTRUCTIONS Report Version 8.0.0.1 ws APPRAISALWORKS, INC. ADMINISTRATIVE COMPLAINT REAL ESTATE APPRAISERS & CONSULTANTS 407 LINCOLN ROAD ate HEAT dé 305.576.4649 ~ 70 OF 305.573.0734 nen SMALTA@AOL.COM FO E Page 1 of 2 Assignment Report drder ®¥ Download Xsile Order Manger Order Printable Version This order has been assigned to you. Please follow the below instructions 1. Accept or decline this ofder as soon as possible. Failure to do so may result in reassignment of the order. 2. Before accepting this appraisal assignment, please review the order instructions below. If any questions or concerns should arise after reviewing the property information, instructions, or order guidelines, please contact Quantrix Valuati: 866-284-6791 3. By accepting this assignment, you agree to the following terms and conditions: a. An attempt to contact the borrower will be made within 24 hours of accepting this order. The inspection should set as soon as possibie. b. If the subject property proves to be different than what is on the order, please stop and contact us at 866-284-€ c. Once the inspection is completed, all attempts will be made to deliver the requested product within 48 hours of inspection or by the due date and time stated on the order, whichever occurs first. d. Order status will be consistently updated online at www.QuantrixVendorServices.com e. All requests solicited by a Quantrix Reviewer will be responded to within 24 hours of receipt. 4. Access our website to review and print this order at www.QuantrixVendorServices.com PROPERTY INFORMATION J Sdownload Aci Borrower FELICIAFREEMON Co-Borrower Home Phone 3053780949 Property Type Single Family Residence Work Phone Occupancy Status Owner occupy 4 Address 10722 SW 145TH STREET Building Status Existing City, State, Zip = MIAMI, FL, 33176 County Miami-Dade CLIENT INFORMATION Client Name a vlorgan Chase Bank NA - Tampa Client Street Client State, City = FLTampa Client Zip 33634 PROPERTY ACCESS INFORMATION (If other than Borrower)[Special Instructions] This order requires a CRM approved appraiser. Once assigned, it cannot be transferred to another appraiser. You must comp this order. Ordered 2055. Contact Name = null null Contact Phone = 305-378-0949 Alternate Phone = null-null-null Celt Phone Email = null Best Time to Call = null:null nui! Contact Type = null, LoanProcessor Name: Tracy Reed, LoanProcessor WorkPh 8138806431, LoanProcessor Email: tracy.1.reed@chase.com, LoanOfficer Name: Joel Matias, LoanOfficer WorkPhone: 8138806089, LoanOfficer Email: joe!.x.matias@chase.com PRESET INSPECTION Date & Time ORDER INFORMATION ; VendorFee $180.00. . Due 8/11/2008 11:36 AM CT LoanType Conventional Tracking # 16555317 Product 2055 Exterior Only eA Loan Purpose Refinance (Cash Out) Loan# 236485 Addendum FHA Case # VENDOR INFORMATION Vendor ID 13216 Phone Number 3055764649 Vendor Name _ Stephen Maltagliati E-mail smalta@aoi.com GENERAL ORDER GUIDELINES * All fee modifications must be submitted directly to Quantrix Valuation for consideration and must be approved prior to proceeding with this order. Please attach a valid copy of your current appraisal license on all orders. Please attach a cover page on all appraisal reports. Please do not discuss fees or values with the borrower or fender. Please do not attach an invoice or copy of the order request when submitting your reporttpQuantiz Valuations AIN'T https://vvs.quantrixvaluation.com/Order/OrderAssignmentReport.aspx “ a iT tA YY APPRAISALWORKS, INC. REAL ESTATE APPRAISERS AND CONSULTANTS, File No. 08013724 shai INVOICE tttteeeee File Number: 08013724 JPMORGAN CHASE BANK NA #1742 TAMPA FL, 33634 Borrower : FELICIA FREEMON invoice # : 08013724 Order Date : Reference/Case # : 10722 SW 145 STREET MIAMI, FL. 33176 EXTERIOR DRIVE BY Invoice Total Deposit Deposit Amount Due Terms; PLEASE REFERENCE OUR INVOICE NUMBER WITH YOUR PAYMENT Please Make Check Payable To: APPRAISALWORKS, INC. 7100 BISCAYNE BLVD. #301 MIAMI, FL. 33138 Fed. LD. #: 65-0244163 APPRAISALWORKS, INC. 305-576-4649 FAX 305-573-0734 08/07/2008 $ 180.00 So eeeesee $ 180.00 ($ ) So ) $ 180.00 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 APPRAISALWORKS, INC. REAL ESTATE APPRAISERS AND CONSULTANTS File No. 08013724 APPRAISAL OF SINGLE FAMILY RESIDENCE LOCATED AT: 10722 SW 145 STREET MIAMI, FL 33176 FOR: JPMORGAN CHASE BANK TAMPA, FL 33634 TAMPA, FL 33634 BORROWER: FELICIA FREEMON AS OF: August 7, 2008 APPRAISED VALUE: $155,000 BY: STEPHEN MALTAGLIATI, SRA Fieiies 7100 BISCAYNE BLVD, SUITE 301, MIAMI FL 3313800 TRAITS SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report —FieNo 08013724 The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property. Property Address 10722 SW 145 STREET. City MIAMI State FL ig Borrower FELICIA FREEMON Owner of Public Record FELICIA FREEMON. County MIAMI-DADE Legal Desciption 5TH ADDN TO RICHMOND HGTS ESTS Assessor's Parce! #_30-5019-011-0370 Tax Year 2007 RE. Taxes $ 5,316.01 jighborhood Name N/A. Map Reference 55-40-19 Census Tract 83.04 Tenant _[_] Vacant Special Assessments § NONE Thrun Hons wi (oer year (Jper mont Property Rights Apprai Fee Simple Leasehold {Other (describe) Assignment Tj Purchase Transaction (XJRefinance Transaction (_Jother (describe) LenderiClient JPMORGAN CHASE BANK Address TAMPA, FL 33634, TAMPA, FL 33634 1s the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? [_]¥es_[X]No Report data source(s) used, offering price(s), and date(s). F.A.R.E.S./MLS SUBJECT | (Jai (Jat not analyze the contract for sale for the subject purchase transaction, Explain the cesults of the analysis of the contract for sale or why the analysis was nat performed. NA ie = Contract Price $ NIA Dale of Contract NIA, Is the property seller the owner of public record?” [ J¥es LJNo Data Source(s) N/A F.4 '5 there any financiat assistance (loan charges, sale concessions, gitt or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? {]Yes [_JNo re} Hf Yes, report the total dollar amount and describe the items to be paid. $ NIA Note: Race and the racial composition of the neighborhood are not appraisal factors. 2 Neighborhood Cliaracteristics =. Z # One-Unit Housing 1 Location {__J Urban Suburban _{_}Rural erty Values {J increasin Stable {XJ deciining it Buit-Up [x over 75% [_]25-75% Under 25% | Demand/Su [Shortage tn Balance {X] Over Suppl Growth Rapid Stable ‘Slow | Marketing Time Under 3 mths 3-6 mths Cover 6 mths 20 | Multi-Family - 0% % Neighborhood Boundaries THE SUBJECTS LOCATED SOUTH OF CORAL REEF DRIVE,NORTH OF SW. : 413 RD, WEST OF SOUTH DIXIE HWY, EAST OF FLORIDA TURNPIKE. Neighborhood Description THE SUBJECT IS LOCATED IN AN ESTABLISHED RESIDENTIAL NEIGHBORHOOD CONSISTS MAINLY OF SMALL TO MEDIUM SIZED ONE-UNIT HOUSING. SCHOOLS, SHOPPING, PLACES OF WORSHIP, MEDICAL FACILITIES AND PUBLIC TRANSPORTATION ARE WITHIN CLOSE PROXIMITY. SHOPPING 1S LOCATED ALONG SW 66 STREET. Market Conditions (including support ‘or the above conclusions) DATA GATHERED FROM MLS, PUBLIC RECORDS, AND IN HOUSE SOURCES INDICATE TYPICAL MARKETING TIME OF 4-6 MONTHS. SOUTH FLORIDA IN GENERAL IS EXPERIENCING A SLOWING IN DEMAND FOR PROPERTIES WITH AN INCREASING SUPPLY OF PROPERTIES ON THE MARKET RESULTING IN DECREASING PROPERTY VALUES. NEIGHBORHOOD Dimensions 75 X 203 Area 15225 Sq.Ft. Shape IRREGULAR. View RESIDENTIAL Specific Zoning Classification RU-1 Zoning Description RESIDENTIAL SINGLE FAMILY. Zoning Compliance [X)tecal [_]Legal Noncontorming (Grandfathered Use) (_JNoZoning (J Wegal describe {s the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? (XJ¥es [_JNo If No, describe. Utilities Public Other (describe) Public Other (describe) Off-site Improvements—Type Public Private fat Efectricity Water Street_ ASPHALT x Ca] Gas NONE Sanitary Sewer UO Aley NONE LJ FEMA Special Flood Hazard Area (_Jves [x]No FEMA Flood Zone “X" FEMA Map # 1206350266) FEMA Map Date 03/02/1994 ‘Ace the ulltes and oft-site improvements typical for the market area? (Xx) Yes [_JNo_IfNo, describe, Ave there any adverse site conditions or extemal factors (easements, encroachments, environmental conditions, land uses, etc)? [J¥es (XJNo If Yes, describe. NO FUNCTIONAL OR EXTERNAL OBSOLESCENCE NOTED. NO ADVERSE EASEMENTS OR ENCROACHMENTS OBSERVED. THE SUBJECT'S SITE IS TYPICAL LARGER THAN THE TYPICAL NEIGHBORHOOD LOT _Jother (describe | GENERAL DESCRIPTION = GENERAL DESCRIPTION Ty Gar Storage Units _[xJone [Jone with Accessory Unit_ [TX] Conerete Slab LIne #of Stories ONE If J Fut Basement [CxJoriveway # of Cars 2-CAR_| [GcJexsting {Jeroposea (under Const. | Exterior Wals GBS/AVG. Type _DcJoet_| aera Unit] Partial Basement Design (Style) RANCH Roof Surface C.TILE/AVG. Year Bull 1972 Gutters & Downspouts YESIAVG. Fence WOOD Effective Age (Yrs) 20 YEARS, Window Type S.HUNG/AVG. Other aopiances [x] Refigerator [x]Ranoe/oven [x] Dishwasher [x ]Disposal [x] Mizowave [x] Wachertner [- lother (describe) my Finished area above grade contains: § Rooms 3 Bedrooms 2 Baths 2,477 Square Feet of Gross Living Area Above Grade Fe] Adtitionai features (special energy efficient tems, etc.) OPEN PATIO, COVERED ENTRY PORCH a = Fy Describe the condition of the property and data source(s) (including apparent needed repairs, dolervaton, renovations, remodeling, etc.). NO EXTERNAL OBSOLESCENCE. {4 NOTED. THE SUBJECT IS IN AVERAGE CONDITION, HAVING BEEN ADEQUATELY MAINTAINED, THE ROOF APPEARS TO BE IN AVERAGE F4 CONDITION WITH NO VISIBLE DAMPNESS NOTED. SEE ADDENDUM, Ae there any apparent physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? Yes No If Yes, describe. NO ADVERSE CONDITIONS OR PHYSICAL DEFICIENCIES THAT AFFECT THE THE SUBJECTS LIVABILITY, SOUNDNESS, OR STRUCTURAL INTEGRITY OF THE PROPERTY. Does the property generally conform tothe neighborhood (unctional uflity, style, condition, use, construction, eta)? [Xd ves [No THE SUBJECT CONFORMS TO THE NEIGHBORHOOD. ‘Freddie Mac Fora 2065 March 2005 Produced ung AI stare, 500.24 B72T we aime a a Page Vof6 SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report Fie no. 08013724 There are__15 _comparable properties currently offered for sale in the subject neighborhood ranging in price from $ 164,900 to$ 299,900 There are 6 bie sales in the subject neighborhood within the past twelve months r jing in sale price from $_ 720,000 to $ 481,000 . FEATURE SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SALE NO. 2 COMPARABLE SALE NO. 3 10722 SW 145 STREET 14633 SW 104 AVENUE 14340 MONROE STREET 14721 POLK STREET Address MIAMI MAM MIAMI Proximity to Subject 5 " [0.32 MI ESE 0.27 Mi WSW Sale Price $ NIA E : Sale PrcalGross Liv. Area _1$ 0.00 sq, ‘Ts 412.95 sq ft. Data Source(s) FARESIMLS | FARES FARES FARES Verifcation Source(s) [INSPECTION 2"): [MLS/AGENT MLS/AGENT MLSIAGENT VALUE ADJUSTMENTS. DESCRIPTH DESCRIPTION | asaduinen | DESCRIPTION ‘sAduanet_| DESCRIPTION 408 Adjstment B Sale or Financing NIA: CONV MTG CONV MTG CONV MTG Concessions a DOM: 217 DAYS DOM:414 DAYS DOM:24 DAYS Date of Sale/Time NA J Wosrter2008 07/01/2008 05/05/2008 Location AVGIRESID AVGIRESID AVGIRESID AVG/RESID Leaseholdifee Simple | FEE SIMPLE FEE SIMPLE FEE SIMPLE FEE SIMPLE i 15225 Sq.Ft. 7500 SQ.FT. +8,000 | 8466 SQ.FT. 7400 SQ.FT. RESIDENTIAL RESIDENTIAL RESIDENTIAL RESIDENTIAL Design (Style) TSTORVIAVG. | 14-STORYIAVG. 1-STORY/AVG. 4-STORY/AVG. Quality of Construction | CBS/AVERAGE | CBS/AVERAGE CBS/AVERAGE CBS/AVERAGE ‘Actual Age 36YRSMOEFF {58 YRSi20 EFF | _ADJBLW}S58 YRS/1S EFF 58 YRS/20 EFF. ADJBLW Condition AVERAGE AVERAGE AVERAGE FAIR +20,000 ‘Above Grade Tota [earme] dats | tot [sims] wats Tous [bs] atte Tota [pirs} Baths 5] 3 2{ sl] 3 1 +5,000| 5| 3 2 6] 4 2 2ATT 59.4, 4,016 99. +47,500 1,151 sa. +16,900 4,698 54, +9,300 Basement & Finished | NONE NONE NONE NONE Rooms Below Grade Fa Functions! Uuity AVERAGE [AVERAGE AVERAGE AVERAGE Fd Heating Cooling CENTRAL CENTRAL CENTRAL CENTRAL 4 Energy Eicent tems | STANDARD [STANDARD STANDARD STANDARD FY GaragetCarpart OPEN PARKING | OPEN PARKING OPEN PARKING GARAGE-1 Po PorchPatioDeck PORCH,PATIO | PORCH,PATIO PORCH,PATIO PORCH,PATIO Es NO POOL, NO POOL NO POOL z = Fe Wet Adustment (Total) |= [ki Cl Ts 30,500| J+ (J- ra ‘Adjusted Sale Price : . 25.4% % Net Adj. 17.6% % Fe of Comparaties EEN | cross Ad. 25.4% % | 450,500 | Gross Ad, 17.6% % |S 1 [xJaia” (Jai not research the sale or ranster history of the subject property and comparable sales. If not, explain My research 7 did }did not reveal any prior sales or transters of the subject property for the three ‘years prior to the effective date of this appraisal. Data source(s) F,A.R.E.S. : My esearch (Jaid (Xx }did not reveal any prix sales or transfers ofthe comparable sales tor the year prior to the date of sale of the comparable sale. Data source(s) FARES. Report the results ofthe research and analysis ofthe prior sale or transfer history of the subject property and comparable sales (report additional prior sales on STEM. SUBJECT COMPARABLE SALE NO. t COMPARABLE SALE NO. 2 Date of Prior SalefTranster NO PRIOR SALE NO PRIOR SALES NO SALES WITHIN PAST Price of Prior Sale/Transter IN THE LAST 36 MONTHS _|IN THE LAST 12 MONTH _[12 MONTHS Data Source(s) FARES. FARES. FARES. Effective Date of Data Source(s) | 08/2008 08/2008, 08/2008 Analysis of prior sale or transfer history of the subject property and comparable sales THE SUBJECT HAS NOT SOLD WITHIN THE PAST 36 MONTHS . THE SUBJECT HAS NOT BEEN LISTED FOR SALE IN THE PAST 12 MONTHS. NONE OF THE THREE COMPARABLES SALES UTILIZED HAVE CLOSED OR TRANSFERRED WITHIN THE LAST YEAR. COMPARABLE SALE NO. 3 NO SALES WITHIN PAST 412 MONTHS: ‘Summary of Sales Comparison Approach. See Attached Addendum Indicated Value by Sales Comparison Approach $ 155,000 Indicated Value by: Sales Comparison Approach $ 155,000 Cast Approach (i developed) $ 161,000 income Approach {if developed) $_ NIA. ALL WEIGHT WAS GIVEN TO THE SALES COMPARISON APPROACH. NO FURNISHINGS OR PERSONAL PROPERTY WAS INCLUDED IN THE VALUATION OF THE SUBJECT. This appraisatis made (XJ-asis” [_Jsubject to completion pr plans and specifcaions on the basis ofa hypothetical condition that the improvements have been completed, subject to the fotowing repairs or aflerations on the basis of a hypothetical condition thatthe repairs or alterations have been completed, or [_} subject to the following required inspection based on the extraordinary assurnption that the condition or deficiency does not require alteration or repair: See Attached Addendum RECONCILIATION Based on a visual inspection of the exterior areas of the subject property from at least the street, defined scope of work, statement of assumptions and limiting Sonditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is $ 185,000 asof 08/07/2008 which is the date of inspection and the effective date of this appraisal. sit! AT ‘Freddie Mac Form 2055 March 2005 Produced ing ACt saa, $00 74.3721 wa aie com . Page 2 at Appraisal Works, inc. SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report Fie No, 08013724 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a : unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project. This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value, statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may expand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted, However, additional certifications that do not constitute material alterations fo this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an appraisal organization, are permitted. SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the teporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a visual inspection of the exterior areas of the subject property from at least the street, (2) inspect.the neighborhood, (3) inspect each of the comparabie sales from at least the street, (4) research, verify, and analyze data from reliable pubtic and/or private sources, and (5) report his or her analysis, opinions, and conclusions in this appraisal report. The appraiser must be able to obtain adequate information about the physical characteristics (including, but not limited to, condition, room count, gross living area, etc.) of the subject property from the exterior-only inspection and reliable public and/or private sources to perform this appraisal. The appraiser should use the same type of data sources that he or she uses for comparable sales such as, but not limited to, multiple listing services, tax and assessment tecords, prior inspections, appraisal files, information provided by the property owner, etc. . INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of this appraisal for a mortgage finance transaction. INTENDED USER: The intended user of this appraisal report is the lender/client. DEFINITION OF MARKET VALUE: The most probable Price which a property shoutd bring in a competitive and open market under all conditions requisite to a fair saie, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale. *Adjustments to the comparables must be made for speciat or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the appraiser's judgment. STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the following assumptions and limiting conditions: 1. The appraiser will not be responsible for matters of a legat nature that affect either the property being appraised or the title to it, except for information that he or she became aware of during the research involved in performing this appraisal. The appraiser assumes that the title is good and marketable and will not render any opinions about the title. 2. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 3. The appraiser wil not give testimony or appear in court because he or she made an appraisal of the property in questioh, unless specific arrangements to do so have been made beforehand, or as otherwise required by law. 4. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that would make the property fess valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied. The appraiser wiil not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmenta! hazards, this appraisal report must not be considered as an environmental assessment of the property. 5. The appraiser has based his or her appraisal feport and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be performed in a professional manner. ISTRATIVE "Mad Form 2065 March 2005 rodoced ving Gl stare, BOIS BTaT wear acre. com oo AS et eN ae SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report Fie No. 08013724 APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that: 1. {have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report. 2. [performed a visual inspection of the exterior areas of the subject property from at least the street. | reported the condition of the improvements in factual, specific terms. | identified and reported the physical deficiencies that could affect the livability, soundness, or structurat integrity of the property. 3. | performed this appraisa! in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison approach to value. | have adequate comparable market data to develop a reliable sales comparison approach for this appraisal assignment. } further certify that i considered the cost and income approaches to value but did not develop them, unless otherwise indicated in this report. 5. 1 tesearched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale of the subject property in the tweive months prior to the effective date of this appraisal, and the prior sales of the subject property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report. 6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the date of sale of the comparable sale, unless otherwise indicated in this report. 7. selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property. 8. Ihave not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that has been built or will be built on the fand. 9. have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject Property and the comparable sales. 10. | verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in the sale or financing of the subject property. 11. I have knowledge and experience in appraising this type of property in this market area. 12. | am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, Public land records and other such data sources for the area in which the property is located. 13. | obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from reliable sources that f believe to be true and correct. 14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject Property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. | have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property or that became aware of during the research involved in performing this appraisal. | have considered these adverse conditions in my anatysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject property. 15. | have not knowingly withhetd any significant information from this appraisal report and, to the best of my knowiedge, ail statements and information in this appraisal report are true and correct. 16. | stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the assumptions and limiting conditions in this appraisal report. 17. | have no present or prospective interest in the property that is the subject of this report, and [ have no present or prospective personal interest or bias with fespect to the participants in the transaction. | did not base, either partially or completely, my analysis and/or opinion of market vatue in this appraisal report on the race, color, religion, sex, age, marital status, handicap, familial status, or nationat origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law. 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or understanding, written or otherwise, that | would report (or present analysis supporting) a predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application). 19. | personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If | relied on significant real property appraisal assistance from any individual or individuats in the performance of this appraisal or the preparation of this appraisal report, { have named such individual(s) and disclosed the specific tasks performed in this appraisal Teport. | certify that any individual so named is qualified to perform the tasks. | have not authorized anyone to make a change to any item in this appraisat report; therefore, any change made to this appraisal is unauthorized and | will take no responsibility for it. 20. | identified the lender/client in this appraisal report who is the individuat, organization, or agent for the organization that ordered and will receive this appraisal report. Freddie Mac Form 2065 March 2005 Produced wing AC) star 0002346727 win ache com "age SUMMARY REPORT Exterior-Only Inspection Residential Appraisal Report fie No. 08013724 21. The lender/client may disclose or distribute this appraisal report to: the borrower, another fender at the request of the borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market Participants, data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other media). 22. | am aware that any disclosure or distribution of this appraisal teport by me or the lender/client may be subject to certain laws and regulations, Further, | am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that pertain to disclosure or distribution by me. . 23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any mortgage finance transaction that involves any one or more of these parties. 24. [f this appraisal report was transmitted as an “electronic record” containing my “electronic signature,” as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a Paper version of this appraisal report were delivered containing my original hand written signature. 25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section 1001, et seq., or similar state iaws. SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 2. {accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an “electronic record” containing my “electronic signature,” as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a Paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Stel Signature Name STEPHEN MALTAGLIATI, SRA Name Company Name APPRAISAL. WORKS, INC. Company Name Company Address 7100 BISCAYNE BOULEVARD #301 Company Address MIAMI, FL 33137 Telephone Number 305-576-4649 Telephone Number Email Address SMALTA@AOL.COM Email Address. Date of Signature and Report 08/11/2008 Date of Signature Effective Date of Appraisal 98/07/2008 State Certification # State Certification # ST.CERT.GEN REA #0000952 or State License # or State License # State FL. or Other (describe) State # Expiration Date of Certification or License State FL. Expiration Date of Certification or License 14/30/2008 ADDRESS OF PROPERTY APPRAISED SUBJECT PROPERTY 10722 SW 145 STREET (Did not inspect exterior subject property MIAMI, Fi. 33176 Obid inspect exterior of subject property from street Date of inspection APPRAISED VALUE OF SUBJECT PROPERTY $ 155,000 LENDER/CLIENT COMPARABLE SALES Name (Diz not inspect exterior of comparable sales from street Company Name JPMORGAN CHASE BANK CDi inspect exterior of comparable sales from street Company Address TAMPA, FL 33634 Date of inspection TAMPA, FL 33634 Emait Address ‘Fredite Mac Foem 2055 March 2005 Produced wsing ACI sofware, 809234 A727 wntw aciweb com age Appraisal Works, Inc. 7 A $ _. an my Exterior-Only Inspection Residential Appraisal Report fie No. 08013724 SUMMARY REPORT . FEATURE SUBJECT COMPARABLE SALE NO. 4 COMPARABLE SALE NO. 5 COMPARABLE SALE NO. 6 10722 SW 145 STREET 10760 SW 143 TERRACE Address MIAMI MIAMI Proximity to Subject Sale Price MLSIAGENT VALUE ADJUSTMENTS. DESCRIPTION ()$ Adjustment DESCRIPTION DESCRIPTION $13 Adjustment Sale or Financing Concessions Date of SalefTime NIA ACTIVE/LISTING -30,000 Location | AVG/RESID. AVGIRESID Leasehold/Fee Simple FEE SIMPLE FEE SIMPLE Site [15225 Sq.Ft. 10400 SQ.FT. +8,000 View RESIDENTIAL RESIDENTIAL Design (Style) A4-STORYIAVG. | 4-STORYIAVG. Quality of Construction CBS/AVERAGE CBS/AVERAGE Actual Age 36 YRS/10 EFF 36 YRS/M0 EFF Condition AVERAGE AVERAGE Above Grade Toial [Bdrmst Baths Tolal {Bders| Baths: Total Room Count §| 3 2] 6) 4 3 -5,000 Gross Living ea 12 2477 sq.ft 2,538 59, Basement & Finished NONE NONE Rooms Below Grade Functional Utility — AVERAGE, AVERAGE Heating/Cooling CENTRAL CENTRAL Energy Efficient items | STANDARD STANDARD Garage!Carport OPENPARKING | GARAGE-2 -10,060 PorchiPatiofDeck PORCHPATIO _[PORCH,PATIO OTHER. NO POOL -15,000 Net Adjustment (Total) 58,000 .OACH Adjusted Sale Price z Net ‘4. ; Ed ITEM. ‘SUBJECT COMPARABLE SALE NO. 4 COMPARABLE SALE NO. 5. COMPARABLE SALE NO. 6 9g Date of Prior SalefTransfer NO PRIOR SALE NO PRIOR SALES [od Price of Prior SalefTransfer INTHE LAST 36 MONTHS _ | IN THE LAST 12 MONTH FY cata Source(s) FARES, + FARES, 6 Effective Date of Data Si 08/2008 08/2008 Fe] summary of Sales Comparison Approach 3 Freddie Mac Form 2055 March 2006 Produc using ACI sofware, 600234 8727 were arch cory PAE va id OMPLAINE ADDENDUM Borrower. FELICIA FREEMON. File No.; 08013724 Property Address: 10722 SW 145 STREET Case No.: ity: MIAMI State: FL. Zip: 33176 Lender. JPMORGAN CHASE BANK Comments on Sales Comparison The subject property is a ranch style single family home containing 3 bedrooms and 2 bathrooms measuring 2477 square feet. The subject neighborhood is known as Richmond Heights. this area includes single family homes typically containing 1000 to 1600 square feet. the few larger homes such as the subject property, are considered overimprovements for the area. Thus, sales 1, 2, and 3 are considerably smaller sized homes, and all 3 sales required positive size adjustments. the size adjustment was made at a low value per square foot ($12.00) to compensate the subject's larger size. Comparable 4 is an active listing of an oversized home like the subject. The exterior condition of the subject is in average. the interior condition is assumed to be consistent with the condition of the exterior. No external obsolescence noted. All comparables sales utilized are considered good indicators of value due to their recent sales date. No comparable sales similar in size were available. Thus, all 3 sales received positive size adjustment. Sale 3 is a bank owned sale and was in fair conditio at time of sale. Thus a condition adjustment is warranted. Due to the fact that the subject is oversized for the neighborhood, the line, net, and/or gross adjustments exceed typical FNMA guidelines. However, no other comparable sales were available. Supplemental Addendum PURPOSE OF APPRAISAL The purpose of this report is to estimate the market value of the subject property as of the date indicated. The subject is appraised on the basis of conventional financing, unaffected by any special financing, fees, costs or credits. SCOPE OF THE APPRAISAL The “scope of the appraisal" means the extent of the process of collecting, confirming and reporting data pertinent to the formation of a market value estimate for the subject property. The appraisal is based on the information gathered by the appraiser from public records, other identified sources, inspection of the subject property and neighborhood, and selection of comparable sales within the subject market area. The original source of the comparables are shown in the Data Source section of the market grid, along with sources of confirmation, if available. When conflicting information was provided, the source deemed most reliable was used. Data believed unreliable was not included in the report, nor used as a basis for the value conclusion. All of the relevant aspects of the verified data relied upon, as known to the appraiser, is reported within this report. Descriptive factors and a discussion of the data are included within the appropriate sections of this report. INTENDED USE This appraisal report is intended for use in a mortgage finance transaction only . This report is ‘Addendum Page 1 of 4 nav OMPLAINT ADDENDUM Borrower. FELICIA FREEMON File No; 08013724 Property Address; 10722 SW 145 STREET Case No.: City: MIAMI 7 State: FL Zip: 33176 Lender. JPMORGAN CHASE BANK not intended for any other use. HIGHEST AND BEST USE Highest and Best Use. The reasonable probable and legal use of vacant land or improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum profitability. Highest and best use of land or site as though vacant. The use of a property based on the assumption that a parcel of land is vacant or can be made vacant through demolition of any improvements. Highest and best use of property as improved. The use that should be made of a property as it exists. The opinion of Highest and Best indicated in this report takes into account these factors and the nature of the subject property as it compares with the surrounding neighborhood. CONDITION OF COMPONENTS. The appraisal calls for opinions of condition on certain components of the subject improvements including, but not limited to; appliances, heating/cooling, surfaces, electrical, mechanical, roof, and plumbing systems. The conditions indicated in this report are based on observations made at the time of inspection. They rely on reasonable expectations as to adequacy as well as visual indications; and are based upon neighborhood standards. The observations do not constitute certifications; and if certification is required a legally qualified consultant should be retained. ZONING AND BUILDING COMPLIANCE The opinion of zoning compliance expressed in this report is based on inspection of the property, and generally available information with respect to the assigned zoning classification, and does not represent a certification of compliance. This report also assumes that the property as inspected was built in compliance with all applicable codes, regulations and that all necessary permits were obtained. ENVIRONMENTAL Unless otherwise stated in this report, the existence of hazardous material, storage items, containers, or material that are not intended for normal and average consumer usage around the home, which may or may not be present on the property, was not observed by the appraiser. The appraiser has no knowledge of the existence of such materials on or in the property. The appraiser, however, is not qualified to detect such substances. The presence of substances such as asbestos, urea-formaldehyde foam insulation, or other potentially hazardous materials may affect the value of the property. The value estimate is predicated on the assumption that there is no such material on or in the property that would cause a loss in value. No responsibility is assumed for any such conditions or for any expertise or engineering knowledge required to discover them. The client is urged to retain an expert in this field, if desired. FLOOD ZONE The flood zone indicated on this report was obtained from flood insurance rate maps (firm), ‘Addendum Page 2 of 4 ADMINISTRATE ADDENDUM Borrower. FELICIA FREEMON Fite No: 08013724 Property Address: 10722 SW 145 STREET. Case No.: City: MIAME State: FL Zip: 33176 Lender. JPMORGAN CHASE BANK issued by the federal emergency management agency (FEMA). The zone indicated in the yes/no space on the first page of this report refers to whether or not the subject property lies in a FEMA or HUD defined flood hazard area. It does not refer to flood insurance requirements, which are set by policy of lenders and participants in the mortgage markets. Occasionally, a property will be located on or near a flood zone boundary line making it difficult to determine the exact zone, given the limited detail of the firm maps. In these instances the most hazardous zone will be indicated on the report. Final verification of the zone should be made by engineering survey. PERSONAL PROPERTY Personal property, including those items which are not permanently attached/affixed to the teal property, have not been included in the estimate of value unless otherwise indicated. Examples of the aforementioned include above ground pools, counter top microwaves ovens, moveable dishwashers, furniture, etc. SQUARE FOOTAGE - COMPARABLE SALES The appraiser uses actual living area in the market analysis for the subject and the comparable sale properties. The living area utilized for the comparable sales has been obtained from the Public Records/Tax Rolls and may have been further modified by the field appraiser's observation of the actual improvements. The living area of the comparable sales has been estimated to the best of the appraiser's observations and information obtainable. However, the appraiser has not measured the sale properties or had benefit of surveys, unless otherwise noted. TAXES/LEGAL DESCRIPTION This information has been derived through public record sources/tax rolls as provided by ISCNET to our office. . COST APPROACH The replacement costs utilized within this appraisal are obtained from the "Marshall & Swift Cost Handbook" and rounded. The appropriate cost adjustments were made for size and style of the improvements. These cost figures are frequently compared to actual construction costs supplied by focal builders. : The site value was based upon recent sales of comparable sites in the Subject's general neighborhood or competing neighborhoods. If no land sales were available, the site value was abstracted from improved sales from within the Subject's immediate area. If the subject property is a condominium unit, the cost approach is not considered appropriate and therefore was not utilized in this report. MARKET APPROACH The adjustments for sales/financing concessions are not necessarily the stated value of the Addendum Page 3 of 4 ADDENDUM Borrower. FELICIA FREEMON. File No.: 08013724 Property Address: 10722 SW 145 STREET Case No: City: MIAMI State: FL Zip: 33176 Lender. JPMORGAN CHASE BANK concessions, but rather the market-indicated impact of such concessions. Whenever possible, financial considerations have been verified by buyer, seller or sales agent. It is the appraiser's opinion that the comparable sales utilized are the most reflective of the market for the Subject property. INCOME APPROACH The Income Approach is premised on capitalizing a net operating income from a property to arrive at an indicated value. Residential property is typically purchased for its intangible assets, and not for the purposes of generating income. Furthermore, the lack of reliable rental data makes this approach too weak to utilize. RECONCILIATION Each approach demonstrated is considered to be a reflection of market behavior. The final reliance is placed upon the Market Approach to value because of the reliability and availability of market data. In addition, it is most reflective of buyers and sellers attitudes within the local market. The Cost Approach is considered a supportive indicator of value. Addendum Page 4 of 4 ADOMINISTRATIVY exnerT #2 E COMPLAINT FLOORPLAN Borrower: FELICIA FREEMON File No.: 08013724 Property Address: 10722 SW 145 STREET Case No.: City: mam State: Fu. Zip: 33176 Lender: JPMORGAN CHASE BANK ‘Sketch by Apex IV Windows™ AREA CALCULATIONS SUMMARY | Code Description Size Gilnae aie Ea a EDR oS TE Tina Tata ETT RSE STEN 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 LOCATION MAP Borrower: FELICIA FREEMON Property Address: 10722 SW 145 STREET City: MIAMI State: FL. Lender: JPMORGAN CHASE BANK AP al ee File No.:_ 08013724 Case No.; Zip: 33176 ‘sw 13131 St Iq uiers MS 10 PLL AAS: Ig HELE AAS oO d 3 Es i] y Howard Ort | rt ewliseln St je udsreyer z wen7S YOSsipeW o SS BOUIN i qe using ueA , OR J <% Ys BMS, Prepared by: Appraisal Works, 305 5764649 s 10722 sW i4Sth st R/A 5 3 2 2477 00 MI 1 14633 SW 104th Ave 05/16/2008 120000 5 3 1 1016 0.32 MI ESE 2 14340 Monroe St 07/01/2008 130000 Ss 3 2 1tsi 0.67 MI W 3 14721 Polk St 05/05/2008 125000 6 4 2 1698 0.27 MI WSH 4 10760 SW 143rd Ter ACTIVE/LISTI 207575 6 4 3 2538 0.10 MI NNW 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL33138 6.P 34, FRITS MVE CU MP | aint Ww APPRAISAL WORKS, INC. Borrower: FELICIA FREEMON Fite No.: 08013724 Property Address: 10722 SW 145 STREET Case No.: : City: miami State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK 7100 BISCAYNE BLVD, SUITE 361, MIAMI, FL 33138 Borrower: FELICIA FREEMON File No.: 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MIAMI State: Ft Zip: 33176 Lender: JPMORGAN CHASE BANK eo s04nT65 STATE OF FLORIDA ||: REAL .ESTATE -APPRAISAL DEPARTMENT SE RIDA REAL AND PROFESSIONAL: ,BECULATION aimee Aes $2} GENERAL APPRATS: aE ” .bélow-IS.CERTIFIED: °- ‘Under “thé provisions of Chapt Expiration date: NOV' 30, 2068.,.: MALTAGLIATZ, ‘srepue ga Rae 3 34TH. BT “SUITE 02 ; FL 33137 | é | i ; Alen ava Bear ncEN OV tater - - SIMONE MARSTILLER : SECRETARY 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 Borrower; FELICIA FREEMON File No.:_ 08013724 Property Address: 10722 SW 145 STREET Case No.: City: MIAML ‘ State: FL. Lender: JPMORGAN CHASE BANK Zip, 33176 7100 BISCAYNE BLVD, SUITE 301, MIAMI, FL 33138 SUBJECT PROPERTY PHOTO ADDENDUM Borrower: FELICIA FREEMON File No.:_ 08013724 Property Address: 10722 Sw 145 STREET. Case No.: City: mtanar State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK FRONT VIEW OF SUBJECT PROPERTY Appraised Date: August 7, 2008 Appraised Value: $ 155,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE ISTRATIVE COMPLAINT - COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: FELICIA FREEMON File No.._08013724 Property Address: 10722 SW 145 STREET : Case No.: City: MIAMI State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK COMPARABLE SALE #1 44633 SW 104 AVENUE MIAMI Sale Date: 05/16/2008 Sate Price: $ 120,000 COMPARABLE SALE #2 44340 MONROE STREET MIAMI Sale Date: 07/01/2008 Sale Price: § 130,000 COMPARABLE SALE #3 44721 POLK STREET MIAMI Sale Date: 05/05/2008 Sale Price: $ 125,000 ADMINISTRATIVE COMPLAINT - EXHIBIT # , nee nase 29 _ OF COMPARABLE PROPERTY PHOTO ADDENDUM Borrower: FELICIA FREEMON File No.:_ 08013724 Property Address: 10722 SW 145 STREET. Case No.: City: MIAMI State: FL Zip: 33176 Lender: JPMORGAN CHASE BANK COMPARABLE SALE #4 40760 SW 143 TERRACE MIAMI Sale Date: ACTIVE/LISTING Sale Price: $ 207,575 Short Report Estimate ID: Property Owner: Address: 10722 SW 145 STREET City: MIAMI State/Province: Florida ZIP/Postal Code: 33176 Surveyed By: STEPHEN MALTAGLIATI Survey Date: 7/7/2008 Single-family Residence Units Cost Total Basic Structure Total Cost 2,477 96.11 238,069 Subtotal Extras 1,748 Replacement Cost New 2,477 96.82 239,817 Total Depreciated Cost 159,956 Total bi 53,956 Cost data by Marshall & Swift/Boeckh, LLC and its licensors Marshall & Swift/Boeckh, LLC and its licensors Residential Xpress - Short ° Estimate: 26 = - ISTRATIVE COMPLIBRT! 4A IR10-O1 APPRAISAL WORKS, INC. 081108 FOLIO NUMBER: 30-5019-001-4990 PAZIP BED BTH HB BUILT ADJ SQFT $/SQFT AVR 14300 MONROE ST 33176 3 1 0 1950 1,078 160.48 3.22 OWNER'S NAME AND ADDR W GV P FLR CONSTRUCT ZONING | LV SQFT ROBYN S CAESAR 1 CBS-POURED 01 - RU-1l 1,078 14300 MONROE ST LEGAL DESCRIPTION MIAMI FL 33176 RICHMOND HEIGHTS PB 50-19 LOT 26 BLK 28 LOT SIZE ==> ISC COUNTY LOT SIZE 83.080 X 100 8300.00SQFT 8300.00SQF OR 16658-2634 0195 1 LOT TYPE => YEAR BUILDING LAND ASSESSMENT AS/FT YEAR — TAXES D TX/FT 2007 N/A N/A 53,648 49.76 07 1,006.73 N 0.93 COUNTY MARKET VALUES HOMESTD SALE DATE AMOUNT AND TYPE YEAR BUILDING LAND TOTAL 25000 APR. 2008 173,000 8 2007 67,230 82,950 150,180 SLC CLC JAN. 1995 58,000 1 CEN TR-BLK 83.040 - 3 PHONE NON SOL 01 O1 MAR. 1993 100 4 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY 1 21.680700 N SELLER (S)==> VANESSA S MORGAN I MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER BANKATLANTIC 10,000 042008 CON FIXED N/A ENTER=FWD F1=DOCS F4=TAX F5=LEGL F7=DIM F8=MORE F6=COMPS MENU IR1O RECENT DEED/MTG PRESENT - F1=VIEW ADMINISTRATIVE COMPLAINT. EXHIBIT #4 pace 27 oF a FOLIO —30- 50- 19- 001- 4990 PADDR 14300 / MONROE / ST CO-USE 1/ RES SINGLE FAM PCITY MIAMI PZIP CD 33176-7339 ZONING 1/S FM GENERAL SUBDV RICHMOND HGTS ST-USE 1/ RESID SNGL FAM LIEN? TAX CRT? LIS PEND? UPDATE 05/27/08 __. OWNERNAME& ADDRESS OADDR 143007 MONROE/ST FIRST ROBYNS OCITY MIAMI FL OZIP CD 33176 OTHER COMPANY _ LAND INFORMATION FRONT FT DEPTH FT LOT 26 BLOCK28 PBK-PG 50-19 LND SQFT 8,300 LND ACRE 0.19 WATERFRONT OR BK-PG $/LANDSF $21.00 S/ADISF $ 160.480 $/TOTLSF $53.80 AVRATIO 3.23 7 pp jevg BUILDING INFORMATION ~TOTSOFT 15078 NUMUNITS 1 YEAR BLT 1950 BEDROOMS 3 BATHRMS 1 HALF BATHS NUM FLRS 1 L LEGAL DESCRIPTION _ T RICHMOND HEIGHTS PB 50-19 4 OR 16658-2634 0195 1 2 LOT 26 BLK 28 ae 3. LOT SIZE 83.080 X 100 6 THOMAS O BULLARD &W MA ASSESSMENTS (2007) AUTHORITY / TAX AMOUNT(2007) Land $ 82,950 Water N Homestd Y COUNTY TAX $ 532 Imprv $ 67,230 Road N Veteran N_ Disabld N CITY TAX Total $53,648 Sewer N Exempt N Senior N MISC TAX $ 475 Prev $52,340 Light Y School N Exmpt $25,000 GROSS TAX $ 1,007 MillRt 20.75 Markt Val $150,180 NonEx $ 28,648 PREV TAX 3 1,050 TAX PAYMENT INFORMATION PAY DATE AMOUNT ~ PAYMENT DESCRIPTION TOTAL PAID BALANCE DUE #1 12/04/07 $ 966.460 FULL RE PAYMENT $966.46 $0.00 #2 , #3 #4 TOTAL TAX DELINQUENT #5 #6 DEED I SRC_S-TYPE & DESCRIPTION CURR 04/18/08 05/08/08 $ 173,000 26367-2382 D PREV 01/09/95 01/09/95 $ 58,000 WR 16658-2634 M_ 1/GOOD SALE EARL 03/01/93 15877-2092 C 4/ESTATE&PROBA' L_ a : MLS HISTORY a MLS 04/23/08 $ 173,000 MES# D1230401 BROKER KWMBOI Loses eps goog INFORMATION _ MORT-DATE ~~ AMOU MORTGAGE COMPANY M-TYPE & DESCRIPTION ~~ 04/20/08 $ 10,000 BANKATLANTIC CO / CONVENTIONAL L : EXTRA FEATURES AIC CPORT DOCK PATIO 93/ CON/PATIO POOL FENCE OTHER ** _**Information not warranted. _Jnformation herein is fr u LILIANA BANCALARI REi - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: Di230401 BC: TMASO1 OF: Assist 2 Sell Cromer Realty AREA: 50 SHORT SALE: STATUS: CS AD: 14300 MONROE ST CITY: MIAMI RP: LLP: LP: $185,000 CT: DADE F#: 30-50-19-001-4990 ZIP:133176 GEOAR: ZN: x1 /S FM STYLE: R30 #1: 5 LG: »RICHMOND HEIGHTS PB 50-19LOT 26 BLK 28 LOT SIZE 83.080 X 100 OR 16658-2634 0195 1 ---- MC: 130 TN: 50 SE: 19 SD: 1 PN: 4990 MAP: x1950 ST: FL TYPE: / SINGLE Dv: SN: «RICHMOND HGTS MN: LA: =1,078 TA: 1,078 YR: 1950/RS CONV: BED: 3 FBATH: 1 HBATH: 0 GARAG: 0 CPT: 1 WF: FACE: N F$: PARK: DRIVEWAY PARK RESTR: LT: 8300 SF/FF: *8,300 LOTDS: 0-1/4ACR WTRFR: N VIEW: GARDEN WTRAC: DESGN: DETACH/ 1STORY "ES: CONST: CBS ROOF: SHINGLE MS: FLOOR: TILE CARPET WOOD DINE: HS: 5 ROOMS: OTHER POOLS: N ' PL: SPA: REM: BUYER MOTIVATED! Show and bring all OFFERS! Great home across Sgt. Joseph Delaney Park with spacious fenced back yard. The home features a living and dining room area. The kitchen has Formica cabinets and counters tops and includes range and refrigerator. There is wood laminate flooring in the living/dining area, tile in the kitchen and carpet in the bedrooms. Additional features include: alarm system, carport, shutters and 5 ceiling fans. There is no HOA association fee. DIR: BRK-REM: Call office for apt., after hours or weekends call agent Ly: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: DN: PB: BEDRM: 1BR+GRND ~ UR: CF: 0 MSBTH: . PETS: INTER: iFLENTRY EQUIP: DRYER RANGE-E WASHER REFRIG WNDW: RESTR: NONE HOPA: U EXTER: FENCE . GUEST: GUEST SQ FT: 0 SUBDV: OTHER MAINT: HEAT: CENTRAL SPRINK: CABLEAVL: COOL: CENTRAL WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV ASSUME: DAV/SOH: $52,340 MPR: N TOA: N FEE: DMV/ASV: TX: =$1,050 TXYR: 2006 TAX: HOMESTEAD ™: SPEC: AS-IS POSS: FUNDING IDX: Y LPID: 3110714 LS: Lilia Bertran APH: 305-595-1099 x3 OPH: 305-595-1099 x 0 2PID: 2A: 2AG: FAX: 305-595-4401 LTy: EA ON: ON#: 2PH: 305-609-8959 URL: PHOTO: NOPHO Wo: EMAILA: _ bertranteam@belisouth.net VT: http://www. visualtour.com/shownp.asp?sk=13&t=126! COBA: 2.5% COTB: 2.5% CONR: VAR: N JA: BRD: D OCCUP: OWNER SHOW: ELBX-CLO APPT-ONLY LD: 10/22/07 XD: PREV STATUS: PS STATUS CHNG: 04/23/08 OK ADV: Y La: PREV$: PRICE CHNG: ORIG LP: $185,000 L2: INet: Y/Great home with large yard MOBILE HOME DECAL: $2: S#: BRAND: FEEINCL: MISC: PD: 11/20/07 CONTING: DM: 29 FURN: U CD: 04/23/08 SP: $173,000 ECD: 01/26/09 CB: KWMBO1 SPID: 3157971 SS: Joseph Bentley : S1: TR: CONV SC: N SPID2: ss2: $2: MISTRATIVE CORN OBIN Baas pm jee tt Bates *(c) 2008 -NDAR, RAGFL, RAMB, RAMDC, SBBOR — INFORMATION IS BELIEVED ACCURATE BUT IS NOT WAI IR10-01 APPRAISAL WORKS, INC. FOLIO NUMBER: 30-5019~013-0300 COMPARED TO: 10722 SW 145 ST 080708 PAZIP BED BTH HB BUILT ADJ SQFT $/SQFT AVR 10935 SW 142 LN 33176 3 2 0 1975 1,339 115.75 0.84 OWNER'S NAME AND ADDR W GV P FLR CONSTRUCT ZONING LV SQFT AUTNEY W HOLMES &W KENISHA © 1 CBS-POURED 01 - RU-1 1,191 10935 SW 142 LN LEGAL DESCRIPTION MIAMI FL 33176 8TH ADDN TO RICHMOND HGTS ESTS PB 94-36 . LOT SIZE ==> ISC COUNTY LOT 23 BLK 52 7500.00SOFT 7500.00SQF LOT SIZE 75.000 X 100 LOT TYPE => OR 20632-3444 082002 1 YEAR BUILDING LAND ASSESSMENT AS/FT YEAR TAXES D TX/FT 2007 104,261 78,750 183,011 136.67 07 3,922.08 Y 2.92 COUNTY MARKET VALUES HOMESTD SALE DATE AMOUNT AND TYPE YEAR BUILDING LAND TOTAL 0 APR. 2008 155,000 8 2007 104,261 78,750 183,011 SLC CLC NOV. 2007 0 3 CEN TR-BLK 83.040 - 1 O01 O1 FEB. 2006 205,000 1 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY AUG. 2002 110,000 1 1 21.680700 N MAY 1998 86,200 4 SELLER(S)==> DEUTSCHE BK INABS 2006-B Cc oct. 1977 32,000 1 MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER AMERICAN BANCSHARES MTG CORP ENTER=FWD F1=DOCS F3=COMPS LIST IR10 152,605 041808 FHA FIXED N/A F4=TAX F5=LEGL F7=DIM F8=MORE COUNTY SHOWS TAXES DELINQUENT, F4=VIEW STRATIVE COMPLAINT IRi9-01 APPRAISAL WORKS, INC. 081108 FOLIO NUMBER: 30-5020-006-1000 PAZIP BED BTH HB BUILT ADJ SQFT $/SQFT AVR 14633 SW 104 AVE 33176 3 1 01961 1,016 118.11 0.83 OWNER'S NAME AND ADDR W GV P FLR CONSTRUCT ZONING LV SQFT LYNARD L BOLDEN &W ILEANA D 1 CBS-POURED 01 - RU-1 1,016 14633 SW 104 AVE LEGAL DESCRIPTION MIAMI FL 33176 20 55 40 PB 68-34 3RD ADDN TO RICHMOND HGTS ESTS LOT SIZE ==> ISC COUNTY LOT 2 BLK 32 7500. 00SQFT 7500.00SQF LOT SIZE 75.000 xX 100 LOT TYPE => OR 19735-3024-3025 062001 1 YEAR BULLDING LAND ASSESSMENT AS/FT YEAR TAXES D TX/FT 2007 N/A N/A 144,052 141.78 07 2,684.86 Y 2.64 COUNTY MARKET VALUES HOMESTD SALE DATE AMOUNT AND TYPE YEAR BULLDING LAND TOTAL 25000 MAY 2008 120,000 8 2007 65,302 78,750 144,052 SLC CLC JUN. 2007 0 8 CEN TR-BLK 83.040 - 1 01. O1 JAN. 2006 206,000 8 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY MAR. 2005 141,000 1 1 21.680700 N JUN. 2001 0 4 SELLER(S)==> MLMI TRUST 2006-WMC2 C MAR. 1999 100 4 MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER ENTER=FWD F1i=DOCS F4=TAX F5=LEGL F7=DIM F8=MORE F6=COMPS MENU IR10 COUNTY SHOWS TAXES DELINQUENT, F4=VIEW DADE COUNTY PROPERTY FOLIO 30- 50- 20- 006- 1000 PADDR 14633/ SW/ 104/ AV CO-USE 1/ RES SINGLE FAM PCITY MIAMI PZIP CD 33176-7715 ZONING 1/S-FM GENERAL SUBDV RICHMOND HGTS ESTS 3RD ADDN ST-USE 1/ RESID SNGL FAM LIEN? TAX CRT?Y LIS PEND? FIRST LYNARD ILEANA OCITY MIAMI FL = OZIP CD.33176 OTHER COMPANY . LAND INFORMATION FRONT FT DEPTH FT LOT 2 BLOCK 32 PBK-PG 68-34 © LND SQFT 7,500 LND ACRE 0.17 WATERFRONT OR BK-PG $/LANDSF $16.00 S/ADJSF $118.110 S/TOTLSF $202.76 AV RATIO 0.83 ADISQFT 1,016 TOTSQFT YEAR BLT 1961 BEDROOMS 3 BATHRMS 1 HALF BATHS NUM FLRS 1 | [ : LEGAL DESCRIPTION : 1 2055 40 PB 68-34 4 LOT SIZE 75.000 X 100 2 3RD ADDN TO RICHMOND HGTS ESTS 5 OR 19735-3024-3025 062001 1 3. LOT 2 BLK 32 6 COC 25761-1581 06 2007 3 r ASSESSMENTS (2007) I Land $78,750 Water N Homestd Y Widow N COUNTY TAX $2,211 Imprv $ 65,302 Road N Veteran N Disabld N CITY TAX Total $144,052 Sewer N Exempt N Senior N MISC TAX $474 Prev $119,738 Light Y School N Exmpt $25,000 GROSS TAX $ 2,685 MillRt 20.75 Markt Val $144,052 NonEx $ 119,052 PREV TAX $ 2,967 TAX PAYMENT INFORMATION PAY DATE AMOUNT PAYMENT DESCRIPTION TOTAL PAID BALANCE DUE #1 03/16/07 $2966.640 FULL RE PAYMENT $9,201.93 $0.00 #2 03/23/07 $2,966.64 CANCEL RE PAYMENT #3 06/01/07 $3,268.65 FULL RE PAYMENT TOTAL TAX DELINQUENT 3+1,269,753,200,327.50 - DEED ~~ RECORDED CURR 05/09/08 05/27/08 $ 120,000 26396-2604 D PREV. 06/21/07 06/21/07 25761-1581 D EARL 01/11/06 01/18/06 $ 206,000 24153-1605 D L. MLS HISTORY | MLS 05/16/08 $120,000 MLS? _M1173692 BROKER CASROI MORTGAGE INFORMATION MORT-DATE ~~ AMOUNT MORTGAGE COMPANY M-TYPE & DESCRIPTION 01/19/06 $ 41,200 WMC MTG CORP CO / CONVENTIONAL - EXTRA FEATURES AIG CPORT DOCK PATIO POOL FENCE 34/ CLFEN 4-5 OTHER ee F : Tafoemati fT PaayiVE COMPLAINT __**Information not warranted. Information herein is from PadeountVA AP IVE GUu WNL 08/07/08 [Tax th Qe oo 36 gg LILIANA BANCALARI RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: M1173692 BC: MRGIO1 OF: Miami Realty Group, Inc. AREA: 50 SHORT SALE: N STATUS: CS AD: 14633 SW 104 AV CITY: MIAMI RP: LLP: : LPib $129,000 CT: DADE F#: 30-50-20-006-1000 ZIP: =33176 GEOAR: ZN: «1 /S FM STYLE: R30 #i: 1 LG: 20 55 40 PB 68-343RD ADDN TO RICHMOND HGTS ESTS LOT 2 BLK 32 LOT SIZE 75.000 X 100 OR 1 MC: 30 TN: 50 SE: 20 SD: 6 PN: 1000 MAP: %2050 ST: FL TYPE: / SINGLE DV: SN: _#RICHMOND HGTS ESTS 3RD AD MN: LA: 1,016 TA: x1,016 YR: ¥1961/UK CONV: BED: 3 FBATH: 1 HBATH: 0 GARAG: 0 CPT: 0 WF: FACE: W_ F$: PARK: — DRIVEWAY PARK RESTR: LT: 3X SF/FF: «7,500 LOTDS: —0-1/4ACR WTRFR: = N VIEW: OTHER WTRAC: DESGN: DETACH/ 1STORY ES: CONST: CBS ROOF: SHINGLE Ms: FLOOR: CERAMIC DINE: HS: ROOMS: OTHER POOLS: N PL: SPA: REM: A REAL BARGAIN!!! REDUCED!!! CORPORATE OWNED!!! A REAL NICE HOME ON A LARGE LOT!! PRICED TO SELL FAST!!! CONVENIENTLY LOCATED CLOSE TO THE FALLS, FLORIDA TURNPIKE, AND MORE!!! * For lockbox combo , e-mail us your license info & property address or click the 'Request a Showing! icon if provided by your Board. See Broker Remarks ** . DIR: PROCEED ON SW 152 STREET TO 107TH AVENUE. TURN NORTH TO 146 TERR. TURN EAST TO 104 AVE, THEN TURN SOUTH TO PROPERTY. OR, MAPQUEST!! BRK-REM: FOR LOCKBOX COMBO, E-MAIL lockboxcombo@bellsouth.net OR CLICK ON 'REQUEST A SHOWING ICON. SPECIAL CONTRACT REQUIRED;SEE MLS ATTACHMENTS ** Lv: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: DN: PB: BEDRM: 1BR+GRND UR: CF: 0 MSBTH: PETS: INTER: OTHER EQUIP: NONE WNDW: RESTR: LSOK HOPA: U EXTER: OTHER GUEST: GUEST SQ FT: 0 SUBDV: NONE MAINT: HEAT: CENTRAL SPRINK: CABLEAVL: CooL: CENTRAL WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: NONE ASSUME: DAV/SOH: $119,738 MPR: N TOA: N FEE: DMV/ASV: TX: ¥$2,966 TXYR: 2006 TAX: — NOHOMESTD ™: SPEC: AS-IS BANKOWNED CORPOWNED POSS: FUNDING IDX: Y LPID: 0162991 LS: Adrian Ambros APH: 305-662-2400 OPH: 305-662-2400 x 0 2PID: 2A: 2AG: FAX: 305-616-2900 LTY: ER ON: ON#: 2PH: URL: PHOTO: NOPHO Wo: EMAILA: mrg@miamireo.com VT: COBA: 3.0% COTB: 3.0% CONR: VAR: N JA: BRD: M OCCUP: VACANT SHOW: BRKR-RMRKS LBX-NOAPPT LD: 09/07/07 XD: PREV STATUS: PS STATUS CHNG: 05/28/08 OK ADV: Y Li: PREV$: $155,000 PRICE CHNG: 02/20/08 ORIG LP: $185,000 L2: INet: Y/CORPORATE OWNED!! 14633 SW 104 AVE, MIAMI. A REAL BARGAINI! PRICED TO SELL FASTI! CONVENIENTLY LOCATED CLOSE TO THE FALLS. TURNPIKE AND MORE!!! MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: 04/11/08 CONTING: DM: 217 FURN: U CD: 05/16/08 SP: $120,000 ECD: 05/23/08 CB: CASRO1 SPID: 0579151 SS: Ann Freeman re ate ANT sO ATS PAA L TR: CASH sc: N SPID2: ss2: ADMINISTRATIVE COME *(C) 2008 -- NDAR, RAGFL, RAMB, RAMDC, SBBOR — INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED ®. 4 ___ 98/07/0885 stenme _ TR10-01 APPRAISAL WORKS, INC. FOLIO NUMBER: 30-5019-001-5010 14340 MONROE ST OWNER'S NAME AND ADDR COMPARED TO: 10722 SW 145 sr PAZIP BED BTH HB BUILT ADJ SQFT $/SQFT AVR 33176 3 1 0 1950 1,151 112.94 0.80 W GV P FLR CONSTRUCT ZONING LV SQFT vuurvuy FREDERICK W SYKES 1 CBS-POURED 01 - RU-1 1,176 JOSEPH KENNERLY JR LEGAL DESCRIPTION 14340 MONROE ST 19 55 40 MIAMI FL 33176 RICHMOND HEIGHTS PB 50-19 LOT SIZE ==> ISC COUNTY LOT 28 BLK 28 & 5FT WALKWAY LYG 8466. 00SOFT 8466.00SOF SELY & ADJ CLOSED PER R-1448-92 LOT TYPE => LOT SIZE 84.660 X 100 YEAR BUILDING LAND ASSESSMENT AS/FT YEAR TAXES D TX/ET 2007 77,060 83,822 160,882 139.77 07 3,466.27 N 3.01 COUNTY MARKET VALUES HOMESTD SALE DATE AMOUNT AND TYPE YEAR BUILDING LAND TOTAL 0 JUN. 2008 130,000 8 2007 77,060 83,822 160,882 SLC CLC NOV. 1999 . 0 4 CEN TR-BLK 83.040 - 3 O01. O1 SEP. 1999 0 4 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY FEB. 1990 0 64 a 21.680700 N SELLER (S)==> INEZ MITCHELL I MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER BANK OF AMERICA ENTER=FWD F1=DOCS F3=COMPS LIST IR1LO 117,000 062408 CON FIXED N/A F4=TAX F5=LEGL, F7=DIM F8=MORE RECENT DEED/MTG PRESENT - F1=VIEW oF /O> | DADE COUNTY PROPERTY | FOLIO —_30- 50- 19- 003- 2020 PADDR 13811 / JEFFERSON / ST CO-USE 1/ RES SINGLE FAM PCITY MIAMI PZIP CD 33176-6226 ZONING 1/S FM GENERAL SUBDV RICHMOND HGTS ESTS ST-USE 1/ RESID SNGL FAM LIEN? TAX CRT7Y LIS PEND? Y UPDATE 05/27/08 _ rn ey Last _ a OADDR 138117 JEFFERSON /ST FIRST FELIPE YORDANKA OCITY MIAMI FL OZIP CD 33176 OTHER COMPANY LAND INFORMATION FRONT FT DEPTH FT LOT 8 BLOCK13 PBK-PG 60-89 LND SQFT 8,000 LND ACRE 0.18 WATERFRONT : OR BK-PG $/LANDSF . $23.00 $/ADJSF $ 157.260 S/TOTLSE $ 44.57 AV RATIO 1.24 ADISQFT 1,151 ~~" POTSQFT 1,151 SERUM UNITS” 1 'YEAR BLT 1959" BEDROOMS 4 BATHRMS 1 HALF BATHS 1 NUM EFLRS I L. LEGAL DESCRIPTION : | 1 195540 4 LOT SIZE 80.000 X 100 2 RICHMOND HEIGHTS ESTS PB 60-89 . 5 OR 18243-1639 0798 4 (CD) 3 LOT8 BLK 13 6 TAX & ASSESSMENT INFORMATION ASSESSMENTS (2007) “DISTRICTS” "EXEMPTIONS ~~ AUTHORITY 7 TAX AMOUN Ss ) Land $ 81,375 Water N Homestd N Widow N COUNTY TAX $2,710 Imprv $ 64,560 Road N Veteran N _ Disabld N CITY TAX Total $145,935 Sewer N Exempt N Senior N MISC TAX $477 Prev $ 120,463 Light Y School N Exmpt GROSS TAX $3,186 MiliRt 20.75 Markt Val $145,935 NonEx $ 145,935 PREV TAX $ 2,985 TAX PAYMENT INFORMATION PAY DATE AMOUNT PAYMENT DESCRIPTION ‘TOTAL PAID BALANCE DUE #1 04/27/07 $ 0.600 $3,288.33 $0.00 #2 06/01/07 $ 3,288.33 FULL RE PAYMENT ta TOTAL TAX DELINQUENT #5 3 -2,532,011,600,636.43 #6 ~~" PEED” “RECORDED ~~ & DESCRIPTION CURR 05/05/08 05/09/08 $ 181,000 26370-1610 D PREV 07/01/98 07/01/98 18243-1639 C 4/ESTATE&PROBA’ EARL 04/01/96 17176-3383 C 3/CLRK&SHERF DI 5 . MLS. HISTORY : MLS 05/05/08 $ 181,000 MLS# D1264891 BROKER KEYEI7 05/05/08 $ 178,203 KEYES MTG FH a] FHA - FEDERAL H EXTRA FEATURES AIC CPORT DOCK PATIO POOL FENCE OTHER a —— E COMPLAINT Z ** Information not warranted. I Information herein is from Dade County’ 08/07/08 im IR10-01 APPRAISAL WORKS, INC. 081108 FOLLO NUMBER: 30-5019-011-0570 PAZIP BED BTH HB BUILT ADJ SQFT $/SQFT AVR 10760 SW 143 TERR 33176 3 2 0 1972 2,965 0.00 OWNER'S NAME AND ADDR W GV P FLR CONSTRUCT ZONING LV SQFT AURORA LOAN SERVICES LLC P 1 CBS-POURFD 01 - RU-1 2,538 10760 SW 143 TERR LEGAL DESCRIPTION MIAMI FL 33176 5TH ADDN TO RICHMOND HGTS ESTS PB 92-77 LOT SIZE ==> ISC COUNTY LOT 5 BLK 49 10400. 00SQOFT 10400.00SQF LOT SIZE 103.720 xX 100 LOT TYPE => OR 16985-0075 0590 4 YEAR BUILDING LAND ASSESSMENT AS/FT YEAR TAXES D TX/ET 2007 217,032 93,975 311,007 104.89 O07 6,285.08 N 2.11 COUNTY MARKET VALUES HOMESTD SALE DATE AMOUNT AND TYPE YEAR BUILDING LAND TOTAL O APR. 2008 0 8 2007 217,032 93,975 311,007 SLC CLC OCT. 2006 315,000 1 CEN TR-BLK 83.040 - 1 : O01 O1 MAY 1995 5,300 8 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY MAY 1990 0 4 1 21.680700 N NOV. 1972 23,900 1 SELLER (S)==> GISELLE DELORENZO COC I MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER ENTER=FWD F1=DOCS IR10 RECENT DEED - F4=TAX F5=LEGL F7=DIM F8=MORE F6=COMPS MENU PREV MTG PRESENT FI=VIEW vl COMPLAIN STEPHEN MALTAGLIATI RE1 - SINGLE FAMILY RESIDENTIAL Southeast Flotida mis ML: 01270460 BC: ADVAO1 OF: RE/MAX Advance Realty IT AREA: 50 SHORT SALE: N STATUS: A i AD: 10760 SW 143 TE CITY: MIAMI RP: LLP: . LP $207,575 CT: DADE F#: 30-50-19-011-0570 ZIP: 33176 GEOAR: ZN: 1/SFM STYLE: R31 LG: STH ADDN TO RICHMOND HGTS ESTSPB 92-77 LOT 5 BLK 49 LOT SIZE 103.720 X 100 OR 1 TN: 50 SE: 19 SD: 11 PN: 0570 MAP: 1950 ST: FL TYPE: / SINGLE SN: RICHMOND HGTS ESTS 5TH AD ‘ 4 MN: TA: 0 YR: 1972/RS CONV: BED: | 4 Fen 6) HBATH: 0 2LATT CPT: 0 WF: FACE: Nea CIRCLDRV PARK RESTR: oie LT: 103.720 X 100 SF/FF: LOTDS: 0-1/4ACR Z . y WTRFR: = N VIEW: GARDEN POOL oe WTRAC: DESGN: DETACH/ 1STORY ES: CONST: CBS ROOF: BARREL MS: FLOOR: CARPET CERAMIC DINE: BREAKAR FORMAL HS: ROOMS: ATTIC DEN FAMILY RECREATN POOLS: Y/ BELOWGRD PL: 0X0 SPA: N REM: ******PENDING RELEASE OF FUNDS**** Large pool patio home on a corer lot one of the larger homes in the neighborhood. BANK-OWNED PROPERTY SOLD “AS-IS". ALL OFFERS MUST INCLUDE PRE-APPROVAL (LOAN) OR PROOF OF FUNDS (CASH). MINIMUM $3,000 OR 1% DEPOSIT (WHICHEVER IS GREATER.) NO ASSIGN/ASSIGNEES. SUBMIT ALL OFFERS. CALL LISTING OFFICE FOR SHOWINGS. SELLER WILL CHOOSE CLOSING COMPANY. DIR: BRK-REM: Call listing office for lock box Lv: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: DN: | PB: BEDRM: ENTRYLVL UR: CF: 0 MSBTH: PETS: Y/ 20+ INTER: FIREPLACE PANTRY ROMANTUB EQUIP: DISHWASH DISPOSAL DRYER ELECWHTR MICRO RANGE-E SMOKEDET WASHER WNDW: BLINDS DRAPES RESTR: NONE HOPA: N EXTER: BARBEQUE FENCE SHED GUEST: GUEST SQ FT: 0 SUBDV: OTHER MAINT: HEAT: CENTRAL ELEC SPRINK: CABLEAVL: Y COOL: CEILFAN CENTRAL ELEC WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV ASSUME: DAV/SOH: $311,007 MPR: N TOA: N FEE: DMV/ASV: $311,007 TX: $6,285 TXYR: 2007 TAX: NOHOMESTD TM: SPEC: AS-IS POSS: FUNDING IDX: Y LPID: 538159 LS: Rafael Lopez APH: 305-251-2127 OPH: 305-251-2127 x 0 2PID: 2A: 2AG: FAX: 305-251-1924 LTy: EA ON: ON#: : 2PH: URL: PHOTO: NOPHO . WD: EMAILA: _rafaelelopez@earthlink.net VT: COBA: COTB: 2.5% CONR: VAR: N JA: BRD: D OCCUP: VACANT SHOW: LBX-CLO LD: XD: PREV STATUS: X STATUS CHNG: 07/29/08 OK ADV: Y Li: PREV$: $218,500 PRICE CHNG: 07/23/08 ORIG LP: $230,000 L2: INet: Y/One of the largest homes in the nelghborhood wtih a great price. MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: CONTING: DM: FURN: cD: SP: - ECD: 7 CB: SPID: Ss: Si: TR: sc: SPID2; ss2: ISC COUNTY LOT SIZE 73.550 X 100 7400. 00SQOFT 7400.00SOF OR 19500-1596 122000 6 sOT TYPE => OR 19543-0327 122000 4 (CD) "EAR BUILDING LAND ASSESSMENT AS/FT YEAR TAXES D TX/ET 2007 104,981 77,700 182,681 111.11 07 3,898.80 N 2.37 COUNTY MARKET VALUES HOMESTD SALE DATE AMOUNT AND TYPE TEAR BUILDING LAND TOTAL 0 MAY 2008 125,000 8 2007 104,981 77,700 182,681 SLC CLC AUG. 2007 0 3 ‘EN TR-BLK 83.040 - 2 01 O01 OCT. 2006 260,000 1 INITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY DEC. 2000 80,000 6 1 21.680700 N JUL. 2000 100 3 3ELLER(S)==> NOVASTAR MORTGAGE INC Cc AUG. 1998 : 0 4 JORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER INTER=FWD F1=DOCS F3=COMPS LIST [R10 RECENT DEED - PREV MTG PRES F4=TAX F5=LEGL F7=DIM F8=MORE ENT F1I=VIEW STEPHEN MALTAGLIATI REi - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: M1230824 BC: PRUO1 OF: ALL-STAR REALTY SALES AREA: 50 SHORTSALE: N STATUS: CS AD: 14721 POLK ST CITY: MIAMI RP: LLP: LP $129,500 CT: DADE F#: 30-50-19-001-1620 ZIP: 33176 GEOAR: ZN: 1/S FM STYLE: R30 #1: 6 LG: RICHMOND HEIGHTS PB 50-19LOT 21 BLK 13 LOT SIZE 73.550 X 100 OR 19500-1596 122000 6 OR 1 MC: 30 TN: 50 SE: 19 SD: 1 PN: 1620 MAP: 1950 ST: FL TYPE: / SINGLE DV: SN: RICHMOND HGTS MN: LA: 1,644 TA: 0 YR: 1950/RS CONV: BED: 4 BATH: 2 HBATH: 0 GARAG: 1 CPT: 0 WF: FACE: W_ F$: PARK: — DRIVEWAY PARK RESTR: ut: x SF/FF: 0 LOTDS: —0-1/4ACR WTRFR: = N VIEW: OTHER WTRAC: DESGN: DETACH/ 1STORY ES: CONST: CBS : ROOF: OTHER Ms: FLOOR: OTHER DINE: HS: ROOMS: FAMILY : POOLS: N PL: SPA: REM: $$BANK OWNED$$ OFFERS SUBJECT TO CORPORATE APPROVAL AND SPECIAL ADDENDUMS. ALL OFFERS MUST INCLUDE A PRE APPROVAL LETTER FROM THE LENDER OR PROOF OF FUNDS IF CASH TRANSACTION$$ CLOSING AGENT WILL BE SELECTED BY SELLER AND ESCROW WILL BE HELD BY SELLERS ATTORNEY$$ CODE VIOLATIONS MAY OR MAY NOT EXIST, BUYER WILL ASSUME ALL CODE VIOLATION IF PRESENT$$ BUYER AGREES TO PURCHASE PROPERTY IN AS-IS CONDITION. DIR: BRK-REM: Lv: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: DN: PB: BEDRM:; = ENTRYLVL UR: CF: 0 MSBTH: PETS: INTER: OTHER EQUIP: OTHER WNDW: RESTR: NONE HOPA: U EXTER: OTHER GUEST: GUESTSQFT: 0 SUBDV: OTHER MAINT: HEAT: CENTRAL ELEC SPRINK: CABLEAVL: COOL: CENTRAL ELEC WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV . ASSUME: N DAV/SOH: MPR: N TOA: N FEE: DMV/ASV: TX: — $2,095 TXYR: 2007 TAX: —NOEXEMPT ™: SPEC: AS-IS POSS: FUNDING IDX: Y LPID: 3012285 Ls: Leonardo Venereo APH: 305-271-9696 OPH: 305-264-5il1 x 0 2PID: 2A: 2AG: FAX: — 305-552-5333 LTY¥Y: ER ON: ON#: 2PH: URL: PHOTO: NOPHO. WD: EMAILA: leo@allstarrealtysales.com VT: COBA: 3.0% : COTB: 3.0% CONR: VAR: N JA: BRD: M OCCUP: VACANT SHOW: OTHER LD: 04/25/08 XD: PREV STATUS: PS STATUS CHNG: 07/07/08 OK ADV: Y Li: PREV$: $159,900 PRICE CHNG: 05/07/08 ORIG LP: $159,900 L2: INet: Y/$$BANK OWNED$$ OFFERS SUBJECT TO CORPORATE APPROVAL AND SPECIAL ADDENDUMS., ALL OFFERS MUST INCLUDE A PRE APPROVAL LETTER FROM. THE LENDER OR PROOF . MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: 05/19/08 CONTING: DM: 24 FURN: U CD: 05/30/08 SP: $125,000 ECD: 06/19/08 CB: PRU OL SPID: 3012285 SS: Leonardo Venereo Si: TR: CONV SC: N SPID2: S82: $2: *(c) 2008 — NDAR, RAGFL, RAMB, RAMDC, SBBOR ~ INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED* 08/11/08 = 12:17 PM ADMINISTRATIVE COMPLAINT TR10-91 APPRAISAL WORKS, INC. 081108 FOLIO NUMBER: 30-5019-013-0300 PAZIP BED BTH HB BUILT ADJ SQFT $/SQFT AVR 10935 SW 142 LN 33176 3 2 0 1975 1,339 115.75 0.84 OWNER'S NAME AND ADDR W GV P FLR CONSTRUCT ZONING LV SQFT AUTNEY W HOLMES &W KENISHA O 1 CBS-POURED 01 - RU-1 1,191 10935 SW 142 LN LEGAL DESCRIPTION MIAMI FL 33176 8TH ADDN TO RICHMOND HGTS ESTS PB 94-36 LOT SIZE ==> ISC COUNTY LOT 23 BLK 52 7500.00SQFT 7500. 00SOF LOT SIZE 75.000 X 100 LOT TYPE => OR 20632-3444 082002 1 YEAR BUILDING LAND ASSESSMENT AS/FT YEAR TAXES D TX/FT 2007 104,261 78,750 183,011 136.67 07 3,922.08 Y 2.92 COUNTY MARKET VALUES HOMESTD SALE-DATE AMOUNT AND TYPE YEAR BUILDING LAND TOTAL 0 APR. 2008 155,000 8 2007 104,261 78,750 183,011 SLC CLC NOV. 2007 Qo. 3 CEN TR-BLK 83.040 - 1 O01 O1 FEB. 2006 205,000 1 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY AUG. 2002 110,000 1 1 : 21.680700 N MAY 1998 86,200 4 SELLER (S)==> DEUTSCHE BK INABS 2006-B Cc oct. 1977 32,000 1 MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER AMERICAN BANCSHARES MTG CORP 152,605 041808 FHA FIXED N/A ENTER=FWD F1=DOCS F4=TAX F5=LEGL F7=DIM F8=MORE F6=COMPS MENU IR10 COUNTY SHOWS TAXES DELINQUENT, F4=VIEW | DADE COUNTY PROPERTY FOLIO —-30- 50- 19- 013- 0300 PADDR 10935/ SW/ 142/ LN CO-USE 1/ RES SINGLE FAM PCITY MIAMI PZIP CD 33176- 6541 ZONING 1/S FM GENERAL SUBDV RICHMOND HGTS ESTS 8TH ADDN ST-USE 1/ RESID SNGL FAM LIEN?" TAX CRT?Y LIS PEND? UPDATE 05/29/08 FIRST AUTNEY KENISHA OCITY MIAMI FL = OZIP CD 33176 OTHER COMPANY Lo LAND INFORMATION FRONT FT DEPTH FT LOT 23 BLOCK 52 PBK-PG 94-36 LND SQFT 7,500 LND ACRE 0.117 WATERFRONT OR BK-PG S/LANDSF $21.00 S/ADJSF $115.760 $/TOTLSF $153.10 AV RATIO 0.85 BEDROOMS 3 HALF BATHS NUM ELRS 1 LEGAL DESCRIPTION 1 8TH ADDN TO RICHMOND HGTS ESTS LOT SIZE 75.000 X 100 3. LOT 23 BLK 52 4 2 PB 94-36 5 OR 20632-3444 082002 1 6 COC 24281-0617 02 2006 1 Land $78,750 Water N Homestd N COUNTY TAX $ 3,398 Imprv $104,261 Road N Veteran N Disabld N CITY TAX Total $183,011 Sewer N Exempt N Senior N MISC TAX $ 481 Prev $ 123,689 Light Y School N Exmpt GROSS TAX $ 3,880 MillRt 20.75 Markt Val $183,011 NonEx $ 183,011 PREV TAX $ 2,539 : : TAX PAYMENT INFORMATION PAY DATE AMOUNT “PAYMENT DESCRIPTION TOTAL PAID BALANCE DUE #1 06/01/07 $2799.780 FULL RE PAYMENT $2,799.78 $0.00 #2 #3 Ha TOTAL TAX DELINQUENT #5 § -.875,000.000.239.91 #6 S-TYPE & DESCRIPTION SRC CURR 04/16/08 05/09/08 $ 155,000 26370-4788 D PREV 11/29/07 11/29/07 26114-3797 D EARL 02/17/06 03/01/06 $205,000 24281-617 D ; MLS. HISTORY . MLS 04/18/08 $155,000 MLS? Mi200831 BROKERIRSFOI MORTGAGE INFORD MORT-DATE ~~ AMOUNT ~~ MORTGAGE COMPANY —"METYPE & DESCRIPTION 04/18/08 $ 152,605 AMERICAN BANCSHARES MTG CORI FH / FHA - FEDERAL H ; EXTRA FEATURES AIC CPORT DOCK PATIO POOL FENCE 34/ CL FEN 4-5 OTHER a AUMINISTRATIVE COMPLAINT nformatio fiot wai d._Info he in.is fi 1, ~ Pate eae a PAGE OF \t/ f i k LILIANA BANCALARI Southeast Florida MLS RE1 - SINGLE FAMILY RESIDENTIAL | ML: ™1200831 BC: IRSFO1 OF: First Service Realty Inc GMAC AREA: 50 SHORT SALE: STATUS: CS AD: 10935 SW 142 LN CITY: MIAMI ~ RP: LLP: LPS $166,000 CT: DADE F#: »«30-50-19-013-0300 ZIP: #33176 GEOAR: ZN: «1 /S FM STYLE: R30 #1 LG: 28TH ADDN TO RICHMOND HGTS ESTSPB 94-36 LOT 23 BLK 52 LOT SIZE 75.000 X 100 OR 2 MC: 130 TN: »50 SE: x19 SD: «13 PN: 10300 MAP: +1950 ST: FL TYPE: / SINGLE DV: SN: »RICHMOND HGTS ESTS 8TH AD MN: LA: 1,339 TA: 41,339 YR: ¥1975/RS CONV: N BED: 3 FBATH: 2. HBATH: 0 GARAG: 1/ ATT CPT: 0 WE: FACE: S Fg: U PARK: COVERED PARK RESTR: LT: 7500 SF/FF: 47,500 LOTDS: 0-1/4ACR WTRFR: = ‘N/ OTHER VIEW: GARDEN WTRAC: OTHER DESGN: DETACH/ 1STORY £s: CONST: CBS ROOF: SHINGLE MS: FLOOR: CERAMIC TILE DINE: DIN-LIV EATINKIT HS: ROOMS: ATTIC FAMILY : POOLS: N PL: SPA: N REM: NICE 3 BEDS 2 BATHS/ALL TILES,SECURITY ALARMS,LARGE FENCED YARD,ADDENDUM IS ATTACHED TO MLS.THERE IS A $75 BUYER PAID DOC FEE PAID AT CLOSING ALL CONTRACTS/OFFERS ARE SUBJECT TO INDYMAC BANKS SENIOR MANEGMENT APPROVAL AND ANY OTHER OFFERS OF COUNTER OFFERS BY INDY MAC ARE NOT BINDING UNLESS THE ENTIRE AGGREEMENT IS RATIFIED BY ALL PARTIES DIR: BRK-REM: VACANT,EASY TO SHOW,ON LOCK BOX. LV: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: DN: PB; BEDRM: ENTRYLVL UR: CF: O MSBTH: PETS: INTER: 1FLENTRY EQUIP: DRYER OTHER RANGE-E REFRIG WASHER WNDW: OTHER RESTR: OTHER HOPA: N EXTER: FENCE FRUITTREE PATIO GUEST: GUEST SQ FT: 0 SUBDV: OTHER MAINT: HEAT: CENTRAL SPRINK: CITY CABLEAVL: COOL: CEILFAN CENTRAL WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV ASSUME: DAV/SOH: $123,689 MPR: N/ $0 TOA: N FEE: DMV/ASV: TX: $2,539 TXYR: 2006 TAX: NOEXEMPT T™: SPEC: AS-IS POSS: FUNDING IDX: Y LPID: 0233127 LS: Eduardo San Roman APH: 305 551 9400 OPH: 305-551-9400 x 0 2PID: 0595203 2A: Raul Gonzalez 2AG: 305-551-9400 ex FAX: 305-222-1546 LTY: ER ON: ON#: 2PH: URL: PHOTO: SD1 WD: EMAILA: sanroman@fsr-gmac.com VT: COBA: 2.5% COTB: 2.5% CONR: 2.5% VAR: N JA: BRD: M occuP: VACANT SHOW: CALL-LA CALL-LO LBX-CLO LD: 01/02/08 XD: PREV STATUS: PS STATUS CHNG: 04/24/08 OK ADV: N Li: PREV$: $186,000 PRICE CHNG: 02/26/08 ORIG LP: $206,000 12: INet: N MOBILE HOME DECAL: Sz: S#: BRAND: FEEINCL: MISC: PD: 03/12/08 CONTING: DM: 70 FURN: U CD: 04/18/08 SP: $155,000 a ECD: 04/15/08 CB: IRSFOL SPID: 0233127 SS: Eduardo San Roman S1: a TR: CONV sc: N SPID2: ss2: S22 at ¥(c) 2008 —NDAR, RAGFL, RAMB, RAMDC, SBBOR — INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED* i 1/08/07 fo8 Condi E - Gee FE pene A re! oF 2 STEPHEN MALTAGLIATI RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: Di268255 BC: EWMQ1 OF: Esslinger Wooten Maxwell Inc AREA: 50 SHORT SALE: N STATUS:( A AD: 11375 DOUGLAS DR CITY: MIAMI RP: LLP: LPB $19 CT: DADE F#: 30-50-19-001-8150 ZIP: 433176 GEOAR: ZN: «1 /S FM STYLE: R30 #7 LG: »RICHMOND HEIGHTS PB S0-19LOT 8 BLK 62 LOT SIZE 75.000 X 100 OR 21246-0923 05/2003 3 COC } TN: 50 SE: 19 SD: 1 PN: 8150 MAP: »1950 ST: FL TYPE: / SINGLE RICHMOND HGTS SN: RICHMOND HGTS f } MN: TA: 2,887 YR: *1971/RS CONV: N BED:| 5 /FBATH: HBATH: 0 Si CPT: 0 WF: FACE: S Fg: U PARK: DRIVEWAY PARK RESTR: LT: : SF/FF: 7,500 LOTDS: 0-1/4ACR WTRFR: = N VIEW: OTHER WTRAC: NONE DESGN: DETACH/ 2STORY ES: FLOYD CONST: CBS ROOF: SHINGLE MS: ARVIDA FLOOR: CARPET OTHER TILE DINE: DIN-LIV FAM-DIN HS: KILLA ROOMS: FAMILY GST-INLW WORKSHOP POOLS: N PL: SPA: REM: CURRENTLY 6 BEDROOMS, 3.5 BATHS WITH TWO SEPARATE ENTRANCES. VIOLATIONS MAY OR MAY NOT EXIST. BANK FORECLOSURE. NEEDS WORK, SEPARATE WORKSHOP STRUCTURE WITH DOG KENNEL. CORNER, FENCED YARD. CONVENIENTLY LOCATED AND MINUTES TO FLORIDA TURNPIKE. a S \ai bon DIR: PLEASE ALLOW 48-72 HRS FOR ANSWERS TO OFFERS. SOUTH ON 117 AVENUE, LEFT ON 142 STREET, LEFT ON JEFFERSON STREET, RIGHT ON DOUGLAS DRIVE. HOUSE ON YOUR LEFT. BRK-REM: SOLD AS ISAWWHERE IS. SEE ATTACHMENTS FOR ADDENDUMS. Lv: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: “4B: 5B: DN: PB: BEDRM: 1BR+GRND UR: cF: 0 MSBTH: PETS: Y/ 20+ INTER: 1FLENTRY EQUIP: = ELECWHTR WNDW: = CASEMENT RESTR: NONE HOPA: U EXTER: OTHER PATIO : GUEST: GUEST SQFT: 0 SUBDV: WORKSHOP MAINT: HEAT: = OTHER SPRINK: CABLEAVL: COOL: OTHER WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV OTHER ASSUME: N DAV/SOH: *$280,435 MPR: N TOA: N FEE: DMV/ASV: TX: »$5,696 TXYR: 2007 TAX: HOMESTEAD T™: SPEC: AS-IS CORPOWNED POSS: OTHER IDX: Y LPID: 0636633 LS: JOSEFINA HERNANDEZ APH: 305-562-0298 OPH: 305-960-2400 x 0 2PID: 2A: 2AG: FAX: 305-662-5646 LTY: ER ON: : ON#: 2PH: 305-562-0298 URL: WWW.MIAMIJOSIEREALESTATE.COM; WWW.EWM.COM PHOTO: NOPHO WD: EMAILA;: hernandez.j@ewm.com VT: COBA: 3.0% COTB: 3.0% CONR: VAR: N JA: N BRD: D Occup: CLLAGT SHOW: CALL-LA LD: XD: PREV STATUS: STATUS CHNG: OK ADV: N Lh: PREV$: $210,000 PRICE CHNG: 07/22/08 ORIG LP: $215,000 L2: INet: ¥/6 BD, 3.5 BA W/SEPARATE ENTRANCE. BANK FORECLOSURE. VIOLATIONS MAY OR MAY NOT EXIST. SEPARATE WORKSHOP STRUCTURE W/ DOG KENNEL. CORNER, FENCED YARD. MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: CONTING: DM: FURN: cD: SP: ECD: CB: SPID: SS: Si: TR: sc: SPID2: SS2: LDMINISTRATIVE CORIPLAINE *(c) 2008 —NDAR, RAGFL, RAMB, RAMDC, SBBOR — INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTEDE 08/11/08 12:17 PM LILIANA BANCALARI RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: D1189539 BC: RIGHOi OF: Right Track Realty, LLC AREA; 50 SHORTSALE: N STATUS: CS AD: 14340 MONROE ST CITY: MIAMI RP: LLP: LP& $149,900 CT: DADE F#: 30-50-19-001-5010 ZIP: #33176 GEOAR: ZN: x1 /S FM STYLE: R30 #i: 1 LG: +19 55 40RICHMOND HEIGHTS PB 50-19 LOT 28 BLK 28 & SFT WALKWAY LYG SELY & ADJ CLOSED PER R-1448-92 LOT MC: «30 TN: 50 SE: 19 sD: i PN: 5010 MAP: 1950 ST: FL TYPE: / SINGLE DV: SN: »RICHMOND HGTS MN: LA: «1,151 TA: 1,151 YR: = 1950/RS CONV: BED: 3 FBATH: 2° MHBATH: 0 GARAG: 0 cPT: 0 WE: FACE: E F$: PARK: DRIVEWAY PARK RESTR: LT: nX SF/FF: 8,466 LOTDS: 0-1/4ACR WTRFR: N VIEW: NONE WTRAC: DESGN: DETACH/ 1STORY ES: CONST: CBS ROOF: SHINGLE Ms: FLOOR: CARPET TILE DINE: HS: ROOMS: NONE POOLS: N PL: SPA: REM: Lovely starter home in quiet area. It features new carpet, tile, kitchen and more. Owner/Agent will consider assisting with closing costs. A must see. DIR: BRK-REM: Owner is an agent. Great home for first time buyers. LV: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: DN: PB: BEDRM: = ENTRYLVL UR: CF: 0 MSBTH: PETS: INTER: 1FLENTRY EQUIP: REFRIG WNoW: RESTR: NONE HOPA: N EXTER: FENCE GUEST: . GUEST SQ FT: 0 SUBDV: NONE MAINT: HEAT: CENTRAL SPRINK: CABLEAVL: COOL: CENTRAL WTR: MUNICIPL SEWER: SEPTIC TRMSCONS: CONV ASSUME: DAV/SOH: $131,132 MPR: N TOA: N FEE: DMV/ASV: TX: «$3,208 TXYR: 2006 TAX: | NOEXEMPT T™: SPEC: POSS: FUNDING IDX: Y LPID: 507458 LS: Inez Mitchell APH: 215-381-9776 OPH: 954-437-4747 x 0 2PID: 2A: 2AG: FAX: 215-381-9776 LTy: ER ON: - ON#: 2PH: 215-381-9776 URL: PHOTO: 1TAKE WD: EMAILA: InezMitchetl@verizon.net VT: : COBA: 3% COTB: 3% CONR: VAR: Y JA: BRD: D occuP: VACANT SHOW: CALL-LA LD: 04/25/07 XD: PREV STATUS: A STATUS CHNG: 07/01/08 OK ADV: Y Li: PREV$: $179,900 PRICE CHNG: 03/07/08 ORIG LP: $249,999 L2: INet: Y/nicely updated home ready for immediate occupancy. Larger than tax roll shows. Owner may assist with closing costs. MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: 06/12/08 CONTING: DM: 414 FURN: U CD: 06/30/08 SP: $130,000 ECD: 06/30/08 CB: ADVAO1 SPID: 0683800 SS: Anthony Denito oe Si: WE COSBR LAINE zt 08/06/08 05:24 PM Te TR: CONV sc: N SPID2: SS2: *(c) 2008 — NDAR, RAGFL, RAMB, RAMDC, SBBOR ~ INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED: PA LILIANA BANCALARI RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: M1230824 BC: PRU 01 OF: ALL-STAR REALTY SALES AREA: 50 SHORTSALE: N STATUS: CS AD: = 14721 POLK ST CITY: MIAMI RP: LEP: LPoh $129,500 CT: DADE F#: 30-50-19-001-1620 ZIP: 33176 GEOAR: ZN: 1/SFM STYLE: R30 #1: 6 LG: RICHMOND HEIGHTS PB 50-19LOT 21 BLK 13 LOT SIZE 73.550 X 100 OR 19500-1596 122000 6 OR 1 Mc: 30 TN: 50 SE: 19 SD: 1 PN: 1620 MAP: 1950 ST: FL TYPE: / SINGLE DV: SN: RICHMOND HGTS MN: LA: 1,644 TA: 0 YR: 1950/RS CONV: BED: 4 FBATH: 2 HBATH: 0 GARAG: 1 CPT: 0 WF: FACE: W F$: PARK: DRIVEWAY PARK RESTR: LT: x SF/FF: 0 LOTDS: 0-1/4ACR WTRFR: N VIEW: OTHER WTRAC: DESGN: DETACH/ iSTORY ES: CONST: CBS ROOF: OTHER MSs: FLOOR: OTHER DINE: HS: ROOMS: FAMILY . POOLS: N PL: SPA: REM: $$BANK OWNED$$ OFFERS SUBJECT TO CORPORATE APPROVAL AND SPECIAL ADDENDUMS. ALL OFFERS MU PPROVAL LETTER FROM THE LENDER OR PROOF OF FUNDS IF CASH TRANSACTION$$ CLOSING AGENT WILL BE SEVECTED BY SELLER AND ESCROW WILL BE HELD BY SELLERS ATTORNEY$$ CODE VIOLATIONS MAY OR MAY NOT EXIST, BUYER WILL ASSUME ALL CODE VIOLATION IF PRESENT$$ BUYER AGREES TO PURCHASE PROPERTY IN AS-IS CONDITION. DIR: BRK-REM: Lv: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: SB: DN: PB: BEDRM: = ENTRYLVL UR: CF: 0 MSBTH: PETS: INTER: OTHER EQUIP: OTHER WNDW: RESTR: NONE HOPA: U EXTER: OTHER GUEST: GUESTSQFT: 0 SUBDV: OTHER MAINT: HEAT: — CENTRAL ELEC SPRINK: CABLEAVL: COOL: CENTRAL ELEC WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV ASSUME: N DAV/SOH: MPR: N TOA: N FEE: : DMV/ASV: TX: $2,095 TXYR: 2007 TAX: — NOEXEMPT : ™: SPEC: AS-IS POSS: FUNDING IDX: Y LPID: 3012285 LS: Leonardo Venereo APH: 305-271-9696 OPH: 305-264-5111 x 0 2PID: 2A: 2AG: FAX: 305-552-5333 LTY: ER ON: ON#: 2PH: URL: PHOTO: NOPHO WD: EMAILA: leo@allistarrealtysales.com : VT: COBA: 3.0% COTB: 3.0% CONR: VAR: N JA: BRD: M OCCUP: VACANT SHOW: OTHER LD: 04/25/08 XD: PREV STATUS: PS STATUS CHNG: 07/07/08 OK ADV: Y Li: PREV$: $159,900 PRICECHNG: — 05/07/08 ORIG LP: $159,900 La: INet: Y/$$BANK OWNED$$ OFFERS SUBJECT TO CORPORATE APPROVAL AND SPECIAL ADDENDUMS. ALL OFFERS MUST INCLUDE A PRE APPROVAL LETTER FROM THE LENDER OR PROOF MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: 5 MISC: PD: 05/19/08 CONTING: DM: 24 FURN: U CD: 05/30/08 SP: $125,000 ECD: 06/19/08 CB: PRU O1 SPID: 3012285 ss: Leonardo, Venereo bec S1: TR: CONV SC: N SPID2: $S2: a MAIVE Cispgey, - *(c) 2008 — NDAR, RAGFL, RAMB, RAMDC, SBBOR — INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED RAT # 08/06/08 05:24 PM PACE 60 LILIANA BANCALARI RE1 - SINGLE FAI AL ' Southeast Florida MLS ML: D1269417 BC: ADVAO2 OF: RE/MAX Advance Realty, Inc. SHORTSALE: N STATUS: CS AD: 9299 SW 167 TE ! LLP: LP; $285,000 CT: DADE F#: 33-50-28-007-0180 ZIP: #33157 GEOAR: STYLE: R30 #1: 11 LG: #28 55 40BENSON PARK 2ND ADDN PB 65-138 LOT 12 BLK 9 LOT SIZE 105.80 X 119 F/A/ MC; +33 TN: 50 SE: 28 SD: 7 PN: 0180 MAP: +2850 ST: FL TYPE: = / SINGLE DV: SN: BENSON PARK 2ND ADDN MN: a LA: 2,552 TA: 2,552 YR: 1958/RS CONV: N BED: 4 FBATH: 2 HBATH: 0 GARAG: 0 CPT: 1/ ATT WF: FACE: S Fg: U PARK: COVERED DRIVEWAY PARK RESTR: LT: 105X119 SF/FF: «12,495 LOTDS: 1/4-1/2A WTRFR: ON VIEW: GARDEN WTRAC: DESGN: DETACH/ 1STORY ES: PERRIN CONST: CBS ROOF: SHINGLE MS: SOUTHW FLOOR: TERRAZZO DINE: BREAKAR DIN IV HS: PALMET ROOMS: OTHER UTIL-LAU POOLS: N PL: SPA: N REM: UNBELIEVABLE!!! This is the lowest 4-bedroom home in ALL of Palmetto Bay!!Check this have 3 or less bedrooms,2)there are only 6 homes North of 168 Street below $300K thié is the only one with 4-bdrs & the other homes have lots under 8,500SqFt...we have 12,495 on a corner!!!3)THIS IS A REGULAR SALE!!Jfe owner added a bedroom & huge family room.With some TLC you will end up with a superb home,ina an amazing location, at a recor, low-price!Living area per owner It:1)ALL the homes under $300K in Palmetto Bay DIR: BRK-REM: LV: DR: DA: uTy FR: FL: PR: MB: 28: 3B: ab: 5B: DN: PB: BEDRM: MBRGRND / UR: CF: 0 MSBTH: PETS: Y/ 20+ INTER: — 1FLENTRY i EQUIP: DISHWASH DRYER MICRO RANGE-G waster WNDW: BLINDS ; é RESTR: OTHER HOPA: U EXTER: SHED SHUTTERS fa GUEST: / GUESTSQFT: 0 SUBDV: OTHER 4 MAINT: HEAT: — CENTRAL ELEC : SPRINK: AUTO WELL ~ CABLEAVL: Y COOL: CENTRAL ELEC WTR: MUNICIPL SEWER: SEPTIC TRMSCONS: CONV OTHER Ei ~ ASSUME: Ni DAV/SOH: «$91,510 MPR: N TOA: N/& FEE: DMV/ASV: TX: «$1,609 TXYR: 7007 TAX: HOMESTEAD OTHEXEMPT 1™: SPEC: AS-IS DISCLOSURE a POSS: FUNDING IDX: Y LPID: 0692630 LS: Maria Piedra APH: 305-775-1699 OPH: 305-444-7111 x 0 2PID: 3055149 Victor Taboada 2AG: 305-815-2203 FAX: 305-663-1213 LTY: ER ON: ON#: 2PH: 305-775-1699 URL: a PHOTO: NOPHO WD: EMAILA: Maria@piedrafiomes.com vT: COBA: 3.0% / COTB: 3.0% CONR: 3.0% VAR: N JA: N BRD: D OCCUP: CLLAGT SHOW: CALL-LA : LD: 04/17/08 XD: PREV STATUS: PS STATUS CHNG: 06/16/08 OK ADV: Y La: PREV$: PRICE CHNG: ORIG LP: $285,000 L2: INet: ¥/WOW!!! LOWEST 4-BEDROOM HOME IN ALL OF PALMETTO BAY! REGULAR SALE!!! MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: 05/12/08 CONTING: DM: = 25 FURN: U CD: 06/12/08 SP: $255,000 ECD: 06/19/08 CB: CBRESO SPID: 139945 SS: Richard Green Sl: TR: CONV SC: N SPID2: SS2: eLvout as AB pins OBiirée has PM *(c) 2008 - NDAR, RAGFL, RAMB, RAMDC, SBBOR -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED* ay LILIANA BANCALARI RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: 1274732 BC: ADVAQ2 OF: RE/MAX Advance Realty, Inc. AREA: 50 -SHORTSALE: N STATUS: CS AD: 16200 SW 107 PL CITY: MIAMI RP: LLP: LP: $229,900 CT: DADE Fi#: 30-50-30-003-0680 _ZIP:«33157 GEOAR: ZN: «1/SFM STYLE: R30 #h 9 LG: *30 55 40FAIRWAY LK SOUTH SEC 2 PB 77-82 LOT 14 BLK 7 LOT SIZE 77.000 X 108 OR 1 MC: «30 TN: 50 SE: 30 SD: 3 PN: 0680 MAP: +3050 ST: FL TYPE: —/ SINGLE DV: SN: _»FAIRWAY LAKE SOUTH SEC 2 MN: ; LA: 2,032 TA: 2,032 “YR: -™1972/RS_ CONV: N BED: 3 FBATH: 2 HBATH: 0 GARAG: 1/ ATT CPT: 0 Wr: FACE: E F§: U a PARK: — SLABSTRP PARK RESTR: oa UT: SE/FF: 18,316 LOTDS: INTERIOR WESTUS1 WIRFR: N ‘ ; VIEW: GARDEN =” WTRAC: jet DESGN: ATTACH/ 1STORY RANCH ES: PINELK CONST: CBS Ye | ROOF: SHINGLE ~ MS: RICHMD FLOOR: CARPET CERAMIC (A ; DINE: _DIN-LIV HS: SOUTHR ROOMS: Fanlly \ of \\u : POOLS: PL: SPA: N REM: EAUTIFULLY AND TASTEFULLY UPDATED AND IMMACULATELY MAINTAINED AND. ‘IMPROVED UPON. GREAT, LOW TRAFFIC STREET, KID-FRIENDLY STREET IN GOOD FAMILY ORIENTED NEIGHBORHOOD. WELL BUILT BY F & R CONSTRUCTION, EXTRA LARGE ROOMS IN THIS HASTINGS MODEL VERY WELL LAID OUT HOME. TILE FLOORS, LARGE SCREENED PATIO, BIG FENCED YARD, NICE LANDSCAPE, MAJOR REMODELING WORK DONE AFTER HURRICANE ANDREW IN THE MID 1990'S. VERY MOTIVATED AND WELL PRICED ESTATE SALE. DIR: BRIC-REM: by: DR: DA: FR: FL: PR: MB: 2B: 3B: : 5B: DN: PB: BEDRM: = ENTRYLVL L UR: CF: 6 MSBTH: f PETS: Y/ NON INTER: 1FLENTRY FOYER PANTRY EQUIP: AUTOGRDR DISHWASH DISPOSAL DRYER ELECWHTR MICRO RANGE-E REFRIG SELFCLEAN WASHER WNDW: BLINDS SLIDING SHMETAL ca RESTR: NONE HOPA: U EXTER: FENCE LIGHTING SCRNPORCH SHUTTERS GUEST: é GUESTSQFT: 0 SUBDV: NONE é MAINT: HEAT: — CENTRAL ELEC Q SPRINK: CABLEAVL: Y COOL: —CEILFAN CENTRAL ELEC f WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV 7 ASSUME: DAV/SOH: «$98,471 MPR: N TOA Nf FEE: DMV/ASV: TX: $1,771 TXYR: 2007 f TAX: HOMESTEAD : ™: SPEC: AS-IS DISCLOSURE SURVEY / POSS: FUNDING IDX: Y LPID: 312376 LS: Hazel Gdldman APH: 305-665-7383 OPH: 305-665-7383 x 0 2PID: 2A: f 2aG: FAX: — 305-665-4548 LTy¥: ER ON: ON#: 2PH: 305-342-0535 URL: —HAZELSHOMES.COM PHOTO: NOPHO WD: EMAILA: hazel@hazelshomes.com’ VT: http://www.tourfactory.com/425127 COBA: 3.0% COTBE 3.0% CONR: 3.0% VAR: N JA: N BRD: D OccuP: VACANT SHOW: CALL-LA LA-ACCOMP LD: 05/14/08 XD: PREV STATUS: PS STATUS CHNG: 07/28/08 OK ADV: Y La: PREV$: PRICE CHNG: ORIG LP: $229,900 L2: INet: Y/HAZELSHOMES.COM FOR MORE DETAILS MOBILE HOME DECAL: Sz: S#: BRAND: FEEINCL: MISC: PD: 06/19/08 CONTING: DM: = 36 FURN: U CD: 07/25/08 SP: $229,900 ECD: 07/18/08 CB: ADVAO1 SPID: 585989 SS: Peter Dean S1: TR: CONV SC: Y9,285 SPID2: SS2: pens 7 ran i= on CORR LAINE a *(c) 2008 ~ NDAR, RAGFL, RAMB, RAMDC, SBBOR ~ INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED* 08/07/08 LILIANA BANCALARI REi - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: F916612 BC: 1489 OF: Abbotoni & Associates R E Inc AREA: 50 SHORT SALE: STATUS: CS AD: 17921 SW 92 CT CITY: MIAMI RP: LLP: __ LP: $230,000 CT: DADE F#: 133-50-33-012-1160 _ ZIP:=33157. GEOAR: ZN: #1 /S FM STYLE: R30" #1: 0 LG: «33 55 400RCHARD ESTATES PB 65-112 LOT 10 BLK 11 OR 16681-2027 0195 40R1 a ra MC: 133 TN: ¥50 SE: x33 SD: 412. PN: «1160 MAP: 3350 ST: FL “TYPE: ~~ / SINGLE DV: SN: “ORCHARD ESTS MN: vo LA: 2,055 TA: 2,055 YR: ¥1960/RS CONV: BED: 3 FBATH: 2 HBATH: 0 GARAG: 2/ ATT CPT: 0 WE: FACE: E — F$: U “4 PARK: — DRIVEWAY STREET PARK RESTR: a LT: 2X SF/FF: *10,104 LoTDS: — 0-1/4ACR WTRFR: N VIEW: GARDEN WTRAC: DESGN: DBTACH/ STORY ES: CONST: CBS ROOF: OTHER MS: FLOOR: TILE DIN-LIV HS: ROOMS: UTIL-GAR POOLS: N PL: SPA: N vo REM: BANK OWNED HOME!! ALL OFFERS MUST BE "AS-IS" AND INCLUDE GOPY OF DEPOSIT CHECK, PROOF OF FUNDS AND/OR PRE APPROVAL FOR OFFER TO BE PRESENTED. CALL CENTRALIZED SHOWING FOR LOCK BOX AND ACCESS INFO. . ca MTs \" we gw BRK-REM: PLEASE CONTACT "CENTRALIZED SHOWING SERVICE" FOR ACCESS @ 1-888-886-8786 (TOLL FREE). E-MAIL OFFERS TO REO@ABBOTONI.COM OR FAX TO 954-237-2542 (HEQ) w Lv: DR: DA: - KT: FR: FL: PR: MB: 2B: 7 4B: 5B: DN: PB: BEDRM: MBRGRND UR CF: 0 MSBTH: PETS: INTER: 1FLENTRY i EQUIP: DISHWASH DRYER ELECWHTR RANGE-E REFRIG WASHER WNDW: : RESTR: NONE HOPA: N EXTER: PATIO SCRNPORCH GUEST: SUBDV: NONE & MAINT: GUESTSQFT: 0 HEAT: — CENTRAL / SPRINK: CABLEAVL: COOL: — CENTRAL é WTR: MUNICIPL SEWER: SEPTIC TRMSCONS: CONV OTHER ASSUME: DAV/SOH: «$337,764 MPR: N TOA: N FEE: DMV/ASV: TX: $6,822 - TXYR: 2007 TAX: © OTHEXEMPT TM: SPEC: AS-IS / POSS; FUNDING IDX: Y LPID: 3062434 LS: Dave Scully APH: 954-801-3251 OPH: 954-922-4607 x 0 2PID: 587793 / 2A: Guy Abbotoni 2AG: 954-922-6628 FAX: 954-922-4286 LTY: ER ON: SHOWING INSTRUCTIONS ON#: 888-886-8786 2PH: 954-801-3251 URL: -ABBOTONL.COM PHOTO: SD3-8 WD: EMAILA: _ possscully@belisouth.net vi: COBA: 3.8% COTB: 3.0% CONR: 3.0% VAR: N JA: BRD: F occup:/ VACANT SHOW: BRKR-RMRKS LD: 03/25/08 XD: PREV STATUS: PS STATUS CHNG: — 05/22/08 OK ADV: Y La: PREV$: PRICE CHNG: ORIG LP: $230,000 L2: INet: Y/BANK OWNED PROPERTY PRICED TO SELL. MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: 04/02/08 CONTING: DM: 8 FURN: U CD: 05/14/08 SP: $230,000 ECD: 05/30/08 CB: DIRSOL SPID: 0632976 SS: Carol Martinez Si: TR: CONV SC: Y5,000 SPID2: SS2: S2: *(c) 2008 — NAR, RAGFL, RAMB, RAMDC, SBBOR -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARHANTEO NTS TRATIVE CO08P 7208) N P4:15 PM Tee Ps ce 5 STEPHEN MALTAGLIATI RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLS ML: 01230401 BC: TMASO1 OF: Assist 2 Sell Cromer Realty AR: 50 SH SALE: REO: STATUS: CS AD: 14300 MONROE ST CITY: MIAMI RP: LLP: LP: $185,000 CT: DADE F#: 30-50-19-001-4990 = ZIP: «33176-7339 GEOAR: ZN: #1 /S FM STYLE: R30 #15 LG: »RICHMOND HEIGHTS PB 50-19LOT 26 BLK 28 LOT SIZE 83.080 X 100 OR 16658-2634 0195 1 ---- MC: »30 TN: 50 SE: 19 sD: 1 PN: 4990 MAP: 11950 ST: FL TYPE: / SINGLE Dv: SN: RICHMOND HGTS MN: LA: 1,078 TA: «1,078 YR: =1950/RS CONV: BED: 3 BATH: 1 HBATH: 0 GARAG: 0 CPT: 1 WF: FACE: N F$: PARK: DRIVEWAY PARK RESTR: LT: 8300 SF/FF: %8,300 LOTDS: 0-1/4ACR WTRFR: N VIEW: GARDEN WTRAC: DESGN: DETACH/ 1STORY ES: CONST: CBS ROOF: SHINGLE MS: FLOOR: TILE CARPET WOOD DINE: Hs: ‘ ROOMS: OTHER POOLS: N PL: SPA: REM: BUYER MOTIVATED! Show and bring all OFFERS! Great home across Sgt. Joseph Delaney Park with spacious fenced back yard. The home features a living and dining room area. The kitchen has Formica cabinets and counters tops and includes range and refrigerator. There is wood faminate flooring in the {living/dining area, tile in the kitchen and carpet in the bedrooms. Additional features include: alarm system, carport, shutters and 5 ceiling fans. There is no HOA association fee. DIR: BRK-REM: Call office for apt., after hours or weekends call agent LV: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: "DN: PB: BEDRM: 1BR+GRND UR: CF: 0 MSBTH: PETS: INTER: 1FLENTRY EQUIP: DRYER RANGE-E WASHER REFRIG WNDW: RESTR: NONE HOPA: U EXTER: FENCE GUEST: GUEST SQ FT: it} SUBDV: OTHER MAINT: HEAT: CENTRAL SPRINK: CABLEAVL: COOL: CENTRAL WTR: MUNICIPL SEWER: MUNICIPL TRMSCONS: CONV ASSUME: DAV/SOH: $52,340 MPR: N TOA: N FEE: DMV/ASV: TX: $1,050 TXYR: 2006 TAX: HOMESTEAD ™: SPEC: AS-IS POSS: FUNDING IDX: Y LPID: 3110714 LS: Lilia Bertran APH: 305-595-1099 x3 OPH: 305-595-1099 x 0 2PID: 2A: 2AG: FAX: 305-595-4401 LTY: EA ON: ON#: 2PH: 305-609-8959 URL: PHOTO: NOPHO. WD: EMAILA: _bertranteam@bellsouth.net VT: http://www.visualtour.com/shownp.asp?sk= 13&t=126! COBA: 2.5% COTB: 2.5% CONR: VAR: N JA: BRD: D OCCUP: OWNER SHOW: ELBX-CLO APPT-ONLY LD: 10/22/07 XD: PREV STATUS: PS STATUS CHNG: 04/23/08 OK ADV: Y Li: PREV$: PRICE CHNG: ORIG LP: $185,000 La: INet: Y/Great home with large yard MOBILE HOME DECAL: SZ: S#: BRAND: FEEINCL: MISC: PD: 11/20/07 CONTING: DM: 29 FURN: U CD: 04/23/08 SP: $173,000 ECD: 01/26/09 CB: KWMBO1L SPID: 3157971 ss: Joseph Bentley $1: TR: CONV sc: N SPID2: SS2: « n Pat A *(c) 2009 — NOAR, RAGFL, RAMB, RAMDC, SBBOR ~ INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED! |" NE Gage ANT PM e IR10-072 FIRST AMERICAN CORELOGIC, INC. 08/07/08 ROOM DIMENSIONS FOR ESTIMATION OF LIVING SQUARE FOOTAGE 1 OF 121 FOLIO NUMBER: 30-5019-011-0370 ADDRESS: 10722 SW 145 ST BUILDING RATE AREA (SQFT) DMI(FT) DM2(FT) FCTR1 FCTR2 FCTR3 ADJ SQFT 01 01 1,113 25.30 44.00 1.00 1.00 1.00 1,113 Ol O01 52 2.00 26.00 1.00 1.00 1.00 52 O01 Ol 32 4.00 8.00 1.00 1.00 -25 8 01 01 304 12.00 25.30 1.00 1.00 1.00 304 Ol 02 1,008 18.00 56.00 1.00 1.00 1.00 1,008 01 03 391 oreo _ 30.00 331.00 1.00 130 GROSS SQFT 2,876 ADI SOFT 2,615 LIVING SQFT 2,477 IR10 ALL BUILDING DIMENSIONS DISPLAYED - F9 = EXIT RES IR15-022 COMPETITIVE MARKET ANALYSIS 080708 PAGE: 4 A PREPARED BY: APPRAISAL WORKS, INC. SUBJECT 30~5019-011-0370 BED BTH ADJ SQFT SL CLUC ZONING W G V LOT SIZE 10722 SW 145 st 3 2 2,615 01 01 15,225 CORRELATED PROPERTY AVERAGES SCAN 116 FOLIOS FOR 11 MATCHES AVERAGENG™ 1,597~8Q FT @ $125.08 /SOFT SALE-HIGH: 290,000 LOW: 125,000 AVG ASMT: 214,380 AVR 0.931 ASSESSED RATIO AMT: 266,291 j D SQFT AVERAGE: 327,084 X PROPERTY ADDR OR NUMBER BD BTH SQ FT DATE AMOUNT T I LOTSZE $/SF YB AVR _ 12285 SW 143 LN 3.2 2249 0708 290000 1 7500 128.9 93 0.8 _ 12285 SW 143 LN 3 2 2249 0508 290000 1 7500 128.9 93 0.8 _. 12442 SW 140 sT 32 1835 0408 278000 1 8929 151.4 98 1.4 _ 12369 SW 143 LN 4 2 . 2251 0308 285000 1 7500 126.6 94 0.8 _ 14340 MONROE st 3 441 1151 0608 130000 8 8466 112.9 50 0.8 _ 14721 POLK st 4 2 1644 0508 125000 8 7400 76.0 50 0.6 _ 13811 JEFFERSON ST 4 1 1151 0508 181000 1 8000 157.2 59 1.2 _ 14300 MONROE ST 3 21 1078 0408 173000 1 8300 160.4 50 1.1 _ 10730 SW 150 TERR 2 1 954 0408 125000 6 7875 131.0 58 0.8 _ 10935 SW 142 LN ry 3.2 1339 0408 155000 8 7500 115.7 75 0.8 _ 11220 SW 138 ST 3.2 1664 0208 165000 8 7500 99.1 89 0.7 “'X'=VIEW 'D'=DELETE F1=SHIFT DATA F4=MORE F6=ALTER SEARCH F7=SUBJECT F10=HELP IR1L7 NO MORE SALES FOR CRITERIA RES € $e. i NE ADMINISTRATIVE COMPLAL EXHIBIT 7 — ol OF oe Pe vs Z IR10-01 APPRAISAL WORKS, INC. 080708 FOLIO NUMBER: 30-5019-011-0370 PAZIP BED BTH HB BUILT ADJ SQFT $/SQFT AVR 10722 SW 145 ST 33176 3 2 0 1972 2,615 7.60 0.06 OWNER'S NAME AND ADDR W GV P FLR CONSTRUCT ZONING LV SQFT FELICIA Y FREEMON 1 CBS-POURED 01 - RU-1 2,477 10722 SW 145 ST LEGAL DESCRIPTION MIAMI FL 33176-7545 5TH ADDN TO RICHMOND HGTS ESTS PB 92-77 LOT SIZE ==> ISC COUNTY LOT 11 BLK 47 15225.00SQFT 15225.00SQF LOT SIZE 75.000 X 203 LOT TYPE => OR 24405 4438 4 2005 4 YEAR BUILDING LAND ASSESSMENT AS/FT YEAR TAXES D TX/FT 2007 N/A N/A 285,828 109.30 07 5,316.01 N 2.03 COUNTY MARKET VALUES HOMESTD SALE DATE AMOUNT AND TYPE YEAR BUILDING LAND TOTAL 25000 JUL. 2007 19,900 4 2007 166,522 119, 306 285,828 SLC CLC APR. 2006 OQ. 68 CEN TR-BLK 83.040 - 1 O01 O1 ocT. 1972 21,700 21 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-QTY SEP. 1972 26,600 1 1 21.680700 N SELLER(S)==> VELDRIN D FREEMON M MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER HOME LN & INV BK FSB 165,500 092907 CON FIXED N/A ENTER=FWD F1=DOCS F4=TAX FS=LEGL F7=DIM F8=MORE F6=COMPS MENU IR1O RECENT DEED/MTG PRESENT - F1=VIEW DADE COUNTY PROPERTY FOLIO 30- 50- 19- 011- 0370 PADDR 10722/ SW/ 145/ ST CO-USE 1/ RES SINGLE FAM PCITY MIAMI PZIP CD 33176-7545 ZONING 1/S FM GENERAL SUBDV RICHMOND HGTS ESTS 5TH ADDN ST-USE — 1/ RESID SNGL FAM LIEN? TAX CRT?¥Y LIS PEND? UPDATE 01/15/08 ppg epee pe ee - ‘OWNER NAME & ADDRESS a eee LAST ~~ FREEMON ~OADDR’ 107227 SW7 145TH /ST : FIRST FELICIA Y OCITY MIAMI FL = OZIP CD 33176 OTHER COMPANY |__ : LAND INFORMATION . FRONT FT DEPTH FT LOT IL BLOCK 47 PBK-PG = 92-77 LND SQFT 15,225 LND ACRE 0.35 WATERFRONT OR BK-PG S/LANDSF $1.00 S/ADJSF $7.610 S/TOTLSF $7.61 AV RATIO 0.07 ADISQFT E613 BEDROOMS 3 TOTSOFT 2,615 BATHRMS 2 BUILDING INFORMATION NUM UNITS” "I HALF BATHS —-YEARBLT 197200 “NUMELRS 1 LEGAL DESCRIPTION 1. 5TH ADDN TO RICHMOND HGTS ESTS 2 PB92-77 3. LOT 11 BLK 47 LOT SIZE 75.000 X 203 5 OR 24405 4438 4 2005 4 6 OR 24569 1714 4 2005 (CD) TS AUTHORITY / TAX Land $119,306 Water N Homestd Y Widow N COUNTY TAX $ 4,843 Imprv $ 166,522 Road N Veteran N Disabld N CITY TAX Total $ 285,828 Sewer N Exempt N_ Senior N MISC TAX $ 473 Prev $226,455 Light Y School N Exmpt $25,000 GROSS TAX $5,316 MillRt 20.75 Markt Val $285,828 NonEx $260,828 PREV TAX $5,179 . “TAX PAYMENT. INFORMATION PAY DATE AMOUNT PAYMENT DESCRIPTION TOTAL PAID BALANCE DUE #1 11/09/07 $5103.370 FULL RE PAYMENT $ 5,103.37 $212.64 #2 (12/10/07 $ 0.00 TOTAL TAX DELINQUENT S$ -.381,000,000,081.87 ee SALESINFORMATION - OE DESCRIPTION DEED ~~ RECORDED ~~ PRICE D-TYPE” OR BK-BG SRC S-TYPE & DESCRIPTION CURR 07/27/07 07/31/07 $ 19,900 25821-4788 D PREV 04/06/06 04/06/06 24569-1714 D EARL 04/05/06 04/07/06 $ 24,000 24405-4438 D . MLS HISTORY MLS MLS# BROKER LL. . EXTRA FEATURES AIC CPORT DOCK PATIO 87/ CON/PATIO OTHER POOL FENCE 34/ CL FEN 4-5 | fnfrmaon ant rt noma in lm Coane fn we Cunt RAIN . 08/06/08 RealQuest.com ® - Report Page 1 of 2 Property Detail Report RealQuest®'com For Property Located At : 10722 SW 145TH ST, MIAMIFL 33176-7545 | Owner Information: | | Owner Name: FREEMAN FELICIA Y j | Mailing Address: 10722 SW 445TH ST, MIAMI FL 33176-7545 C039 : | Phone Number: Vesting Codes: i _ Location Information: : _ Legal Description: 5TH ADDN TO RICHMOND HGTS ESTS PB 92-77 LOT 11 BLK 47 LOT SIZE | i 75.000 X 203 OR 24405 4438 4 2005 4 OR 24569 1714 4 2005 (CD) COC 25821- | i 4788 07 2007 5 LAWYER FREEMON JR &W VELDRIN D LOT SIZE 75.000X : 203 VELDRIN D FREEMON & FELICIA Y FREEMON OR 24569 i i | County: DADE, FL APN: 30-5019-011-0370 ; | Census Tract / Block: 83.04 /1 Alternate APN: 30-50-19-011-0370 RICHMOND Township-Range-Sect: 55-40-19 Subdivision: roe be® ESTATES : : i | Legal Book/Page: 92-77 Map Reference: 302/14C i | Legal Lot: 1 Tract #: : | Legal Block: : 47 School District: i | Market Area: 55 N26 Munic/Township: UNINCORPORATED i | Neighbor Code: : | | Owner Transfer Information: : . . 07/31/2007 / . i Recording/Sale Date: 07/27/2007 Deed Type: QUIT CLAIM DEED | Sale Price: $19,900 1st Mtg Document #: ! Document #: 25821-4788 _ Last Market Sale Information: | Recording/Sale Date: | / 09/1972 1st Mtg Amount/Type: ! : | Sale Price: $26,600 1st Mtg Int. Rate/Type: t i : Sale Type: 1st Mtg Document #: | | Document #: 2nd Mtg Amount/Type: / | : Deed Type: DEED (REG) 2nd Mig Int. Rate/Type: tf | | Transfer Document #: Price Per SqFt: $10.60 i | New Construction: Multi/Split Sale: | Title Company: i | Lender: : | Seller Name: | | Prior Sale Information: | Prior Rec/Sale Date: I Prior Lender: | Prior Sale Price: Prior 1st Mtg Amt/Type: I i | Prior Doc Number: Prior 1st Mtg Rate/Type: I | | Prior Deed Type: | Property Characteristics: | i . ... CONCRETE ] | Gross Area: 2,899 Parking Type: Construction: BLOCK : | Living Area: 2,509 Garage Area: Heat Type: j Tot Adj Area: 2,615 Garage Capacity: Exterior wall: COMpostoe ICK i | Above Grade: Parking Spaces: Porch Type: i / . . CONCRETE/MASONRY | | Total Rooms: Basement Area: Patio Type: PATIO : | Bedrooms: 3 Finish Bsmnt Area: Pool: : - Bath(F/H): 21 Basement Type: Air Cond: i | Year Built / Eff: 1972] Roof Type: Style: i | Fireplace: i Foundation: Quality: i | # of Stories: 1.00 Roof Material: Condition: i : Other Improvements: : | Site Information: : ' Zoning: RU-1 Acres: 0.35 County Use: SINGLE FAMILY (01) ; | Flood Zone: X500 Lot Area: 15,225 State Use: SINGLE FAMILY (01) MEO | Flood Panel: 1206350266J Lot Width/Depth: 75 x 203 Site influence: wih DRA WPT” LAL £. | Flood Panel Date: 03/02/1994. Res/Comm Units: 1/ Sewer Type: "! ; PAGE OF, http://www realquest.conv/jsp/report.jsp?&client=8action=confirm&type=getreport&record... 8/7/2008 RealQuest.com ® - Report Page 2 of 2 | Land Use: SFR Water Type: i | Tax Information: i _ Total Value: $285,828 Assessed Year: 2007 Property Tax: $5,316.04 : » Land Value: $119,306 Improve %: 058% Tax Area: 3000 i i . . Tax i | Improvement Value: $166,522 Tax Year: 2007 Exemption: HOMESTEAD ¥ ' Total Taxable Value: $260,828 \e5 http:/Awww.realquest.com/jsp/reportj sp?&client=&action=confirm&type=getreport&record... 8/7/2008 RealQuest.com ® - Report Page 1 of I Comparable Summary RealQuest’com For Property Located At 10722 SW 145TH ST, MIAMI FL 33176-7545 1 Comparable(s) found. (Click on the address to view more property information) ® View Report # Configure Display Fields & Modify Comparable Search Criteria Summary Statistics For Selected Properties: 1 een SUBject Property. Low __ Sale Price $26,600 $311,000 A Bidg/Living Area 2,509 2,444 2,444 Price Sqft $10.60 $127.25 $127.25 $127.25 Year Built 1972 1973 1973 . 1973 ‘Lot Area 15,225 8,000 8,000 8,000 Bedrooms 3 3 3 3 :Bathrooms/Restrooms 2 2 : 2 2 Stories 1 1 4 1 Total Value $285,828 $217,276 $217,276 $217,276 Distance From Subject 0 0.19 0.19 0.19 *= user supplied for search only [¥] # Address Subdiv Sate Price Yr Bit Bed Baths/Restrooms(Full) Last Recording Bld/Liv Lot Area Dist Subject Property ~ _ 10722 SW RICHMOND $26,600 1972 3 2 2,509 15,225 0.0 145TH ST HEIGHTS ESTATES ADD 05 Comparables i] 1 14512 sw RICHMOND $311,000 1973 3 2 03/31/2008 2,444 8,000 0.19 104TH PL HEIGHTS ESTATES ADD 09 AWIVUNIS ENALiviE GUONiERAINT 3 http://www.realquest.com/jsp/report.j sp?&client=&action=confirm&type=getreport&record... 8/7/2008 TR10-072 FIRST AMERICAN CORELOGIC, ROOM DIMENSIONS FOR ESTIMATION OF LIVING SQUARE FOOTAGE FOLIO NUMBER: BUILDING RATE AREA (SQFT) o1 OL O1 o1 o1 ol GROSS SQFT IR1LO O1 o1 OL 01 02 03 ALL BUILDING DIMENSIONS DISPLAYED - F9 = EXIT INC. FCTR2 1.00 1.00 1.00 1.00 1.00 1.00 30-5019-011-0370 ADDRESS: 10722 SW 145 ST DM1(FT) DM2(FT) FCTR1 1,113 25.30 44.00 1.00 52 2.00 26.00 1.00 32 4.00 8.00 1.00 304 12.00 25.30 1.00 1,008 18.00 56.00 1.00 391 tsreo 30.0033 2,876 ADI SQFT 2,615 LIVING SQFT FCTR3 1. 1. 00 00 225 1.00 1. 1. 00 00 08/07/08 1 0F 1 ADJ S50FrT 1,113 52 2,477 RES AUOMINIS TRATIVE GUIME ALINE EXHIBIT #9 PAGE

Docket for Case No: 10-000911PL

Issue Date	Proceedings
Apr. 22, 2010	Order Closing File. CASE CLOSED.
Apr. 21, 2010	Motion to Relinquish Jurisdiction filed.
Feb. 26, 2010	Order Directing Filing of Exhibits
Feb. 26, 2010	Order of Pre-hearing Instructions.
Feb. 26, 2010	Notice of Hearing by Video Teleconference (hearing set for May 10, 2010; 9:00 a.m.; Miami and Tallahassee, FL).
Feb. 23, 2010	Joint Response to Initial Order filed.
Feb. 22, 2010	Initial Order.
Feb. 22, 2010	Administrative Complaint filed.
Feb. 22, 2010	Notice of Appearance, Answer, Request for Investigative File and Request for a Hearing filed.
Feb. 22, 2010	Election of Rights filed.
Feb. 22, 2010	Agency referral filed.