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107- 1490 NE 33rd BPO

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					                                                         9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID       37688200                                           Loan Number              n/a
                                                                  Client Project ID        07132010_A

Client Contact Info
Client     VERTICAL FINANCIAL GROUP                                     Branch             IRVINE,CA
Attention DAVIS, JUDY                                                   Fax/Email          Judy@verticalmtg.com

Subject Property Information
Address: 1490 NE 33 RD #103 , HOMESTEAD, FL 33033
Borrower/Owner: n/a, n/a                                                              Subject Property Type:         Condominium
Is subject vacant? Y                                                                  If vacant, is subject secured? Y
Condition/Curb Appeal: Good                     Good                                  Estimated deferred maintenance costs:           $0
Has subject been listed in the last 12 months? Y                                      Listing Date:                    Listing Price:
Has subject transferred in last 12 months?      No                                    Sale Date: 11/28/2005            Sale Price: $150,000
Subdivision Name: N/A                                                                 Market Rent: $275
Is there a guest house? No        Guest house sq ft: N/A                              Is subject a Condo/PUD? Yes

Neighborhood Information
Location:                  Suburban                                                   Marketing Time for neighborhood: 90
Pride of Ownership:        Good                                                       Neighborhood Demand/Supply:      Oversupply
Neighborhood Price Range: $50,000-$60,000                                             Neighborhood Trend:              Depreciating
Predominant Occupancy:     Owner
Similar Homes Sold Prior Month: 9                                                     # of Listings in Direct Competition: 10
Zoning:                    N/A

Comparable Listings
                                            Subject                              Listing 1                          Listing 2                        Listing 3
Address                          1490 NE 33 RD #103                 1485 NE 33 RD #207                  3370 NE 13 DR #106-20            1490 NE 33 AV #109-13
Data Source                                                         MLS D1388307                        MLS D1395718                     MLS M1367820
# Units                          1                                  1                                   1                                1
Listing Type                                                        Unspecified                         Unspecified                      Unspecified
Days on Market                   N/A                                6                                   14                               169
List Price                                                          $50,000                             $57,900                          $60,000
Original List Price              $0                                 $50,000                             $57,900                          $60,000
Distance (miles)                 N/A                                0.1                                 0.2                              0.1
Site Size (acres)                0.01                               0.01                                0.01                             0.01
View                             No                                 No                                  No                               No
Age                              5                                  4                                   5                                4
Condition                        Good                               Good                                Good                             Good
Square Footage                   1234                               1062                                1169                             1379
Bedrooms                         3                                  3                                   3                                3
Bathrooms                        3                                  2                                   2.5                              2
Garage/Pool                      0              No                  0           No                      0           No                   0           No
Basement / % Finished            None           N/A                 None        N/A                     None        N/A                  None        N/A

Comparable Sales
                                               Subject                            Sale 1                             Sale 2                           Sale 3
Address                          1490 NE 33 RD #103                 1495 NE 33 AV #110                  1495 NE 33 AV #103               1490 NE 33 RD #106-18
Data Source                                                         MLS M1360130                        MLS F1024866                     MLS D1385114
# Units                          1                                  1                                   1                                1
Sale Type                                                           REO                                 Shortsale                        Shortsale
Days on Market                   N/A                                47                                  28                               116
List Price                                                          $54,900                             $65,000                          $51,000
Sale Price/Date                                                     $60,000           03/22/2010        $58,000         01/26/2010       $50,000          06/30/2010
Distance (miles)                 N/A                                0.1                                 0.1                              0.1
Site Size (acres)                0.01                               0.01                                0.01                             0.01
View                             No                                 No                                  No                               No
Age                              5                                  5                                   5                                5
Condition                        Good                               Good                                Good                             Good
Square Footage                   1234                               1169                                1234                             1069
Bedrooms                         3                                  3                                   3                                2
Bathrooms                        3                                  2.5                                 2                                2.5
Garage/Pool                      0             No                   0               No                  0            No                  0             No
Basement / % Finished            None          N/A                  None            N/A                 None         N/A                 None          N/A

Broker Comp Comments

Comments regarding the comparability of listings to the subject specifically addressing their overall similarity (equal/superior/inferior)

Listing #1: This property is smaller in gross living area than the subject. Short Sale.
Listing #2: This property is smaller in gross living area than the subject. REO.
Listing #3: This property is bigger in gross living area than the subject. Short Sale.

Sale #1:   This property is smaller in gross living area than the subject. REO.
Sale #2:   This property is equal in gross living area as the subject. Short Sale.
Sale #3:   This property is smaller in gross living area than the subject. Short Sale.

Broker Value Opinion

Normal Market Value                                                  Quick Sale Value
                                     $55,000                                                     $46,000                        As of:    07/16/2010
“As Is”:                                                             “As Is”:
Normal Market Value                                                  Quick Sale Value
“As Repaired”:                       $55,000                         “As Repaired”:              $46,000
                                                       9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




 Order ID      37688200                                         Loan Number           n/a
                                                                Client Project ID     07132010_A


 Additional Broker Comments
The value given to the subject is based on the comparables found in the immediate area that best matched the subject's characteristics. Tax Assessed Value was
estimated. Subject sold over 5 years ago. Due to this, the subject's value has been decreasing. Subject appears to be in good working condition. Increasing number
of REO's and short sales wich affects the marketability of subject.




 Exterior Repair Addendum

 Item Category                    Cost to Cure       Comments
 Roof                             $0                 None
 Exterior/Siding                  $0                 None
 Foundation                       $0                 None
 Construction in Progress         $0                 None
 Outbuildings                     $0                 None
 Yard Maintenance                 $0                 None
 Other                            $0                 None
 Total                            $0

 Comparable Location Map




Broker Price Opinion offers a value opinion derived from analysis of local market data and subject property information. Comparable market
data for the area is provided by a local Real Estate Broker. Information on the subject property is obtained via MLS, county records, personal files,
or it may be provided to LPS by the client. In some cases, information on the subject property may be limited or unavailable. In these instances,
the information is provided by the Real Estate Professional's exterior physical inspection of the subject. The report is based upon data that LPS
deems reliable, however, no guarantee or warranty is provided. LPS does not provide opinions on, nor assume responsibility for the existence of
any environmental, structural, or title related defects associated with the subject property. This analysis and evaluation of an interest in real
property for ownership or collateral purposes is prepared for the above named financial institution to be used for internal
purposes only. This document is not an appraisal and is intended for use only for loan transactions valued at $250,000 or less, as
required by Title XI of FIRREA. The agent submitting this report represents that she/he drove by the property and has no
interest in the property.  

Notwithstanding any preprinted language to the contrary, this opinion is not an
appraisal of the market value of the property. If an appraisal is desired, the
services of a licensed or certified appraiser must be obtained.
                                   9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID    37688200                       Loan Number         n/a
                                           Client Project ID   07132010_A


Subject Property Satellite Image




Subject Photo




Street Scene Photo
                             9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID    37688200                 Loan Number         n/a
                                     Client Project ID   07132010_A


Address Verification Photo
                                            9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID    37688200                               Loan Number          n/a
                                                   Client Project ID    07132010_A

Comparable Listing 1 1485 NE 33 RD #207, HOMESTEAD, FL 33033




Comparable Listing 2 3370 NE 13 DR #106-20, HOMESTEAD, FL 33030




Comparable Listing 3 1490 NE 33 AV #109-13, HOMESTEAD, FL 33033
                                             9339 Carroll Park Dr, Suite 100 San Diego, CA 92121 t 858.909.4300 f 858.909.2900 www.hanqual.com




Order ID   37688200                                  Loan Number         n/a
                                                     Client Project ID   07132010_A

Comparable Sale 1     1495 NE 33 AV #110, HOMESTEAD, FL 33033




Comparable Sale 2     1495 NE 33 AV #103, HOMESTEAD, FL 33033




Comparable Sale 3     1490 NE 33 RD #106-18, HOMESTEAD, FL 33033

				
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posted:5/4/2011
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