OCWEN REALTY ADVISORS PROPERTY EVALUATION FORM

DO NOT CONTACT BORROWER UNLESS REQUESTED TO DO SO BY OCWEN

SUBJECT
Order No: OF_109:13:57:10258690 Ordered Date: 1/21/2011 Borrower L. Name: Alexandra Pena Vendor No: 100075291 Seller No: Address 1: 8620 Nw 24 Ave Address 2: City: Miami Property Access Phone: Legal Description: County: DADE State: FL APN: 30-31-10-014-0200 Zip: 33147 Loan No: 70929203 Due Date: 1/26/2011 Vendor Name: AARON BEAUMONT Phone: (305) 878-1010

86th Street Manor Lot 22 Pb 45-100 Lot Size 67.000 x 138 Coc 25322-3456 01 2007 1 John F Nagy & W Henrietta

NEIGHBORHOOD CHARACTERISTICS
Location

Urban

Declining Prices Neighborhood Price Range: From $ REO #: 29 # units in project: Market Time:

Yes

No

Oversupply # Months: Boarded Homes #: 12 Vacant Homes #: 50 # units for sale in project:

10,250.00 To $ X Under 6 Months

125,000.00
Over 6 Months

Competing Listings #: 35

Last/Current List Price(within last 3 years)$: Prior/Current Listing Agent:

Date Listed: Agency Phone #:

SUBJECT PROPERTY INFORMATION

Property Type: Single Family Residence Occupancy Status: Leasehold Visible Flood/ Water Damage Est. Repairs Needed:$ Other Assessments: Managing/Association Name: Market Data - Sale ITEM Address 1 Address 2 City Dist. to Subj. Orig. List Price Current List Price Sale Price Price/GLA Land Value Design Sale Date Days on Mkt. Sales or Financing Concessions Number of Units Leasehold Interest Est. Gross Inc. Est. Oper. Exp % $ $ $ $ $ $ SUBJECT SALE 1 SALE 2 SALE 3 Phone: Appears to be Occupied Rent Control Subsidence/ Pest Infestation

X Appears to be Vacant
Vandalized/Damaged House Condo/Coop Fees:$ Fire/Razed/Condemned Environmental Hazard

8620 Nw 24 Ave Miami

1625 NW 85TH ST Miami .25

$ $ $ $

2031 NW 92 ST Miami .38

9950 NW 24TH AVE Miami .45

89,900.00 89,900.00

$ $

100,000.00 74,000.00 43.89 15,000.00

64,900.00 64,900.00 55,000.00 34.03 12,000.00

85,000.00 $
$ $ $

75,000.00 $ 49.28 $ 12,000.00 $ Ranch 08/11/2010 88 2220

15,000.00

Ranch

Ranch 10/18/2010 25 0

Ranch 08/04/2010 68 0

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

Site Size Location / View Condition Age Above Grade Room Count Gross Living Area Basement Garage/Carport Porches, Pool, etc Indicated Value

9246.00 Typical Poor 61

Total Bdms Baths

8008.00 Typical Average 55

Total Bdms Baths

8925.00 Typical Average 64

Total Bdms Baths

8400.00 Typical Average 70

Total Bdms Baths

6.00 1892 0 None PORCH

2.00
Sq.Ft

6.00 1522 0 None PORCH

$

2.00
Sq.Ft

6.00 1686 0 None PORCH

2.00
Sq.Ft

6.00 1616 0 None PORCH

2.00
Sq.Ft

$ 105637.00 The subject is in need of extensive bathroom repairs.

65548.00

107333.00

103693.00

Comments

Adj. Value

75,000.00

74,000.00

55,000.00

Market Data - Listing ITEM Address 1 Address 2 City Dist. to Subj. Orig. List Price Current List Price Sale Price Price/GLA Land Value Design Sale Date Days on Mkt. Sales or Financing Concessions Number of Units Leasehold Interest Est. Gross Inc. Est. Oper. Exp % Site Size Location / View Condition Age Above Grade Room Count Gross Living Area Basement Garage/Carport Porches, Pool, etc Indicated Value $ $ $ $ $ $ SUBJECT LISTING 1 LISTING 2 LISTING 3

8620 Nw 24 Ave Miami

2731 NW 100TH ST Miami .5

$ $ $ $

1835 NW 87TH ST Miami .2

2971 NW 83RD TERR Miami .35

65,000.00 65,000.00 34.21 10,000.00

$ $ $ $ $

119,900.00 79,000.00 47.76 12,000.00

$ $ $ $ $

72,500.00 72,500.00 48.72 10,000.00

15,000.00

Ranch

Ranch 43

Ranch 131

Ranch 30

0.00

0.00

0.00

0.00

0.00 9246.00 Typical Poor 61

Total Bdms Baths

0.00 7000.00 Typical Average 56

Total Bdms Baths

0.00 8340.00 Typical Average 58

Total Bdms Baths

0.00 7500.00 Typical Average 57

Total Bdms Baths

6.00 1892 0 None PORCH

$

2.00

6.00 0 None PORCH

2.00
Sq.Ft

6.00 1654 0 None PORCH

2.00
Sq.Ft

6.00 1488 0 None PORCH

2.00
Sq.Ft

Sq.Ft 1900

105637.00

139898.00

108592.00

88326.00

The subject is in need of extensive bathroom repairs.

Comments

Adj. Value

65,000.00

79,000.00 $

72,500.00

EVALUATOR INFORMATION Comments:

The subject is located in close proximity to schools, shopping plazas, major roadways, and city park. There is heavy REO and short sale activity in the market area.

Interior and Exterior inspections completed and photos are attached. Evaluator Name: AARON BEAUMONT Evaluator Opinion of Value Low:$ Phone #: (305) 878-1010 License #: 3082840 Market Time "as is" 3 Months

60,000.00

High:$

65,000.00

Date Completed: 01/26/2011

OCWEN REALTY ADVISORS PROPERTY EVALUATION FORM

Ocwen Loan Servicing, LLC
Order ID: OF_109:13:57:10258690 Loan: 70929203 Address 1: 8620 Nw 24 Ave Address 2: Vendor ID: 100075291

IV.REPAIRS AND IMPROVEMENTS RECOMMENDED REPAIRS NEEDED:

REPAIR BOTH DAMAGED BATHROOMS REPAIR CEILING NONE

Total ADDITIONAL REPAIRS WHICH WOULD IMPROVE MARKETABILITY:

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

8,000.00 250.00 0.00

8,250.00

Total Total of ALL Recommended Repairs and Improvements V. MARKETING THE SUBJECT PROPERTY A. MARKETING CONSIDERATIONS:
Functional or economic obsolescence? Positive or negative site influences? Hazardous conditions? Anticipated resale problems?

8,250.00

NONE NONE NONE Resale problems due to repairs being needed.

FHA First Time VA Move Up

Indicate the type of financing the property will qualify for: Indicate the most probable purchaser: Identify what personal property is typically sold with the home (example: range, oven, refrigerator, etc.):

X Conventional
Empty Nester

X Investor

refrigerator, oven

B. THE RELATIONSHIP OF TIME AND MONEY: Number of COMPETING LISTINGS in the subject's market area: 35
Range of Current Listing Prices: Range of Days on Market: Have PRIOR listing periods been included in this DOM range?
(low) $ (least)

43,000.00 3.00
Yes

(high) $ (most)

158,000.00

293.00

X No

Number of SALES within the past year in subject's market area: 62

Range of these SALE prices: Range of Days on Market: Have PRIOR listing periods been included in this DOM range? These sales had FINAL listing prices that averaged These sales had original listing prices that averaged MARKET VALUE "AS REPAIRED" LOW: HIGH:
(low) $ (least)

10,250.00 25
Yes

(high) $ (most)

135,000.00

193

X No 10.00 15.00 60,000.00 65,000.00

% above the final sales price. % above the final sales price. SUGGESTED LIST "AS REPAIRED" LOW: HIGH:

SUGGESTED LIST "AS IS" LOW: HIGH:

$ $

70,000.00 75,000.00

$ $

$ $

75,000.00 80,000.00

C. OTHER MARKETING ISSUES:

Actual or pending assessments: Assessment Description: Delinquent association dues for the subject: Owner's association financially solvent? Which utilities covered in the association fee? Are common areas adequately maintained? If co-op, number of shares owned: Estimated monthly rent? Typical security deposit? Typical lease term? Landlord paid utilities? Should the property be marketed as Vacant Tenant occupied No Yes

X No

Yes

Probability of vandalism if property left vacant?

X X Yes X Yes
Yes Yes

Low

Medium

High

D. PROACTIVE MARKETING ACTIONS:

Make recommended repairs? List in MLS? Open Houses? Advertising? Canvassing? Pricing Strategy? Other? At what point would it be useful to review the effectiveness of these marketing actions? Other comments? No No

No

X No
No

X Yes

The subject should be listed on the low end of the price range due to heavy REO and short sale activity.

Property Details: If known, please confirm if the subject property is part of any COA COA/HOA Please provide details of the COA/HOA/Management Company below, if applicable. Name: E-mail ID: Phone #: Condo/Coop Fees: $

HOA

None

SUBJECT PROPERTY PHOTO

Order ID: OF_109:13:57:10258690 Loan: 70929203 Address 1: 8620 Nw 24 Ave Address 2: Vendor ID: 100075291

SUBJECT FRONT VIEW

SUBJECT REAR VIEW

SUBJECT STREET VIEW

COMPARABLE (SALE) PROPERTY PHOTO

Order ID: OF_109:13:57:10258690 Loan:

70929203

Vendor ID: 100075291

Address 1: 8620 Nw 24 Ave Address 2:

SOLD COMP 1 FRONT VIEW

1625 NW 85TH ST

SOLD COMP 2 FRONT VIEW

2031 NW 92 ST

SOLD COMP 3 FRONT VIEW

9950 NW 24TH AVE

COMPARABLE (LISTING) PROPERTY PHOTO

Order ID: OF_109:13:57:10258690 Loan:

70929203

Vendor ID: 100075291

Address 1: 8620 Nw 24 Ave Address 2:

LISTING COMP 1 FRONT VIEW

2731 NW 100TH ST

LISTING COMP 2 FRONT VIEW

1835 NW 87TH ST

LISTING COMP 3 FRONT VIEW

2971 NW 83RD TERR

SUBJECT INTERIOR PHOTO

Order ID: OF_109:13:57:10258690 Loan: 70929203 Address 1: 8620 Nw 24 Ave Address 2: Vendor ID: 100075291

SUBJECT INTERIOR PHOTO

living room

SUBJECT INTERIOR PHOTO

dining room

SUBJECT INTERIOR PHOTO

bedroom

SUBJECT INTERIOR PHOTO

SUBJECT INTERIOR PHOTO

bedroom

SUBJECT INTERIOR PHOTO

bedroom

SUBJECT INTERIOR PHOTO

LOCATION MAP

Alexandra Pena Borrower: Property Address: 8620 Nw 24 Ave Miami City: Lender:

State: FL

File No.: 70929203 Case No.: 70929203 Zip: 33147

SUBJECT INTERIOR PHOTO

SUBJECT INTERIOR PHOTO

SUBJECT INTERIOR PHOTO

damaged bathroom

SUBJECT INTERIOR PHOTO

damaged bathroom

SUBJECT INTERIOR PHOTO

SUBJECT INTERIOR PHOTO

damaged ceiling

SUBJECT INTERIOR PHOTO

SUBJECT INTERIOR PHOTO

LOCATION MAP

Alexandra Pena Borrower: Property Address: 8620 Nw 24 Ave Miami City: Lender:

State: FL

File No.: 70929203 Case No.: 70929203 Zip: 33147