Broker Price Opinion. Subject Property Address. Order Information. Subject Property Value. Broker s Opinion of Market Trend STABLE.

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Broker Price Opinion Subject Property Address 6507 13TH STREET COURT EAST BRADENTON FL 34203 Order Information BPO Type Interior Borrower Work Order ID Loan Number Order Date 07/11/2016 Reference

1 Broker Price Opinion Subject Property Address TH STREET COURT EAST BRADENTON FL Order Information BPO Type Interior Borrower Work Order ID Loan Number Order Date 07/11/2016 Reference Date Completed 08/05/2016 Project Completed By Avail. Upon Request Ordered By Jason Epstein Subject Property Value As-Is 30 Day Sale $129, Day List Day Sale Repaired $129,000 $129,000 Broker s Opinion of Market Trend STABLE Overview The subject is located in a typically suburban neighborhood with prices ranging from $95,000 to $265,000. The subject contains 1427 square feet, is approximately 50 years old and considered to be in fair condition. Based on an interior inspection completed on 07/14/2016 the subject is not in need of repairs. The subject s 30 day QuickSale price was determined to be $129,000 or $90 per square foot. The subject s Day sale price was determined to be $129,000 or $90 per square foot. The estimated fair market rent for this property is $1,400.The average sales price of the selected comparables is $116,250 and the average list price of the selected comparables is $151,467. This is a Broker Price Opinion, which is an opinion of value created by a licensed real estate broker or agent, not an appraiser. Analysis was not completed in accordance with Uniform Standards of Professional Appraisal Practice, which require evaluators to act as impartial third parties with objectivity and without personal interest. Revised 01/10/2011

2 TH STREET COURT EAST BRADENTON FL Borrower Work Order ID Loan Number Reference Neighborhood Information Neighborhood Type Suburban Market Trend Stable Price Range of Comparables $95,000 to $265,000 Market Appr / Depr % Competing Listings 8 Avg Marketing Days Vandalism Risk 30 Low Notes The neighborhood is a single street sandwiched in an industrial and manufacturing area. The neighborhood homes all have outbuildings and commercial vehicles showing that small business owners live and work of their homes. Example, cabinet shop, air conditioning repair. There are no deed restrictions. It is not a street of families with small children running around. Some of the homes are run down. the subject does not have any outbuildings. Subject Property Information Property Type SFR Rent Control Property Condition Fair Mgmt Company / HOA Name Appears Secure Yes Mgmt Company / HOA Phone # Occupancy Vacant Condo / Co-op Fees Legal Description Fair Market Rent FROM THE SE COR OF THE W1/2 OF THE SE1/4 OF THE NE1/4 OF SEC 24, RUN S 3.95 FT TO A 2 X 2 STAKE, TH S 51 DEG 03 MIN 00 SEC W, FT TO AN I P FOR A POB; TH CONT S 51 DEG 03 MIN Notes The neighborhood is a unique nugget situation in heavy manufacturing, industry and dense office/warehouse structures. The homes lining 13th court street e are not deed restricted and show vehicles parked and out buildings for small businesses such as cabinet shop, hauling, auto repair etc. Most of the homes on the street are in good repair there are a couple that show signs of deferred... [Cont'd in Subject Section of Notes Addendum] No $1,400 Subject Listing and Sale History in the Past 3 Years Currently Listed No MLS # List Price Listing Agency List Date Listing Agency Phone # 1 st Previous Sale Date 1 st Previous Sale Price 2 nd Previous Sale Date 2 nd Previous Sale Price 3 rd Previous Sale Date 3 rd Previous Sale Price Notes Tax Information Assessed Value Date Assessed Tax Rate Date Taxes Due Notes $112, Annual Taxes $1, /01/2015 Delinquent Taxes $ Other Assessments $ /30/2016 Repairs Estimated Interior Repairs Estimated Exterior Repairs Recommended Upgrades Total Notes Subject property requires extensive work. The land holds value and the private pool holds value. the condition of the structure and potable water supply (well and septic) to the property will have to be improved. thus, it is valued... [Cont'd in Repair Section of Notes Addendum] $0

3 TH STREET COURT EAST BRADENTON FL Borrower Work Order ID Loan Number Reference Market Data Address Subject Sale 1 Sale 2 Sale 3 Listing 1 Listing 2 Listing TH STREET COURT th Ave W th Ave NW rd Ave W nd St W 6315 Wellesley Dr th St E City State / Zip Proximity (miles) Subdivision Data Source Property Type Number of Units Style / Design Location / View Year Built Condition Total / Bed / Bath Gross Living Area Basement Car Storage Lot Size (acres) Land Value Original List Price Current List Price Sale Price Sale Date Price / Sq Ft Days on Market Comparability to Subject Type of Transaction BRADENTON Bradenton Bradenton Bradenton Bradenton Bradenton Palmetto FL FL FL FL FL FL FL None Other Other Other Other Other Other COUNTY SFR 1 Ranch Street 1966 Fair MLS SFR 1 Ranch Street 1963 Fair MLS SFR 1 Ranch Street 1949 Fair MLS SFR 1 Ranch Street 1949 Fair MLS SFR 1 Ranch Street 1960 Average MLS SFR 1 Ranch Street 1959 Average MLS SFR 1 Ranch Street 1963 Good ,427 none 1,320 none 1,435 none 1,332 none 1,310 none 1,662 none 1,626 none carport 0.39 $23,750 none 0.44 $18,800 $95,000 none 0.42 $59,900 $105,000 carport 0.28 $45,500 $159,900 none 0.24 $9,200 $154,500 carport 0.27 $16,750 $149,000 none 0.03 $18,000 $175,900 $129,000 $105,000 $119,900 $129,500 $149,000 $175,900 $129,000 $99,750 $120,000 05/06/ /22/ /27/2015 $90 $97 3 $69 7 $ $ $89 10 $108 5 Similar Similar Similar Similar Similar Superior REO Short Sale REO REO REO Short Sale Fair Market Subject Property Value 30 Day Sale (As-Is) $129,000 Marketing Notes and Conclusion of Pricing Day List (Repaired) Day Sale (Repaired) $129,000 $129,000 The subject needs work. The value is based upon the comp with the highest sold price. As there are few distressed properties for sale and priced under $200,000 with a private pool, the subject might garner a higher price if sold via an auction.

4 TH STREET COURT EAST BRADENTON FL Borrower Work Order ID Loan Number Reference Comments Regarding Comparability of Sales and Listings Sale 1 Sold comp. with a private pool. most similar to subject. difficult to find distressed comps currently on market. investors have purchased so many and flipped them. Sale 2 Sold comp with a private pool. most similar to subject. slim pickins with regard to sold comps in same condition as the subject. had to go a distance out and back in time to locate. other sold comps have been renovated and well updated and are not similar to the subject. Sale 3 to locate a similar sold comp had to go back over six months to find similar reo as most distressed properties have been snapped up by investors and renovated and then resold. these sold comps are very much superior to the subject and its present condition. Listing 1 Active REO comp under contract. 2 bedroom 2 bath with private pool. most similar to subject. Listing 2 Active Short Sale under contract. 2 bedroom 2 bath with private pool and carport most similar to subject. Listing 3 Very difficult to find an active comp built in similar decade, with lot size private pool and distressed. Most have been renovated by investors. this comp is most similar and has a private pool.

5 NOTES ADDENDUM SUBJECT SECTION [Cont'd from page 2]...maintenance. It is not a family street of homes but small cottage industry business owners that live and work from their home. In this regard the subject is similar to the neighborhood but does not have any outbuildings just the main structure. the subject is in need of repair. where or not it is able to be inhabited will depend upon a new owner's lifestyle and functioning water, sewer and electricity. REPAIR SECTION [Cont'd from page 2]...against all of the distressed properties that were findable on MLS to use as comparson. there were few choices. Quality Notes Similar comps were used in the valuation process to establish current pricing for the subject property. The value conclusion is considered reasonable and adequately supported.

(S) SUBJECT - 6507 13TH STREET COURT EAST S1) COMP SALE 1-2105 55th Ave W (Calculated distance: 2.48 miles) S2) COMP SALE 2-5807 4th Ave NW (Calculated distance: 6.

6 (S) SUBJECT TH STREET COURT EAST S1) COMP SALE th Ave W (Calculated distance: 2.48 miles) S2) COMP SALE th Ave NW (Calculated distance: 6.82 miles) S3) COMP SALE rd Ave W (Calculated distance: 6.36 miles) L1) COMP LIST nd St W (Calculated distance: 1.22 miles) L2) COMP LIST Wellesley Dr (Calculated distance: 2.32 miles) L3) COMP LIST th St E (Calculated distance: 9.89 miles)

7 SUBJECT FRONT VIEW Photo taken on 07/14/2016. SUBJECT SIDE VIEW SUBJECT NEIGHBORHOOD VIEW

8 SUBJECT REAR VIEW SUBJECT ADDRESS VERIFICATION view of pool

9 pool side equipment closer view of pool equipment closest view of pool equipment

10 pool cage front right side front left side equipment different angle

11 left side air conditioner left side equipment left side equipment 2

12 street sign house address carport

13 left rear rear of home facing it pool side rear of home

19 COMP SALE 1 FRONT VIEW COMP SALE 2 FRONT VIEW COMP SALE 3 FRONT VIEW

20 COMP LISTING 1 FRONT VIEW COMP LISTING 2 FRONT VIEW COMP LISTING 3 FRONT VIEW

My Florida Regional MLS - IMAPP Manatee County Tax Report - 6507 13TH STREET CT E, BRADENTON, FL 34203-7751 PID # 6567300006 Map # 5BS24 Property Type: Residential Property Address: 6507 13TH STREET

21 My Florida Regional MLS - IMAPP Manatee County Tax Report TH STREET CT E, BRADENTON, FL PID # Map # 5BS24 Property Type: Residential Property Address: TH STREET CT E BRADENTON, FL Current Owner: BANK OF AMERICA NA Tax Mailing Address: 7105 CORPORATE DR PLANO, TX County Use Code: 0100 / SINGLE FAMILY RESIDENTIAL State Use Code: 01 / SINGLE FAMILY Total Land Area: acres / 16,901 sf Land Areas: 1. SINGLE FAMILY RESIDENTIAL (1554) (0100) Zoning: RSF4.5/RESIDENTIAL SINGLE FAMILY, 4.5 DU/GA Waterfront: No Subdivision: Subdivision #: Census Tract/Block: / 1006 Twn: 35 / Rng: 17 / Sec: 24 Block: / Lot: Neighborhood: WHITFIELD C.C. HEIGHTS (3345) Latitude: Longitude: Legal Description: FROM THE SE COR OF THE W1/2 OF THE SE1/4 OF THE NE1/4 OF SEC 24, RUN S 3.95 FT TO A 2 X 2 STAKE, TH S 51 DEG 03 MIN 00 SEC W, FT TO AN I P FOR A POB; TH CONT S 51 DEG 03 MIN PROPERTY INFORMATION VALUE INFORMATION (TAX DISTRICT : 0303) Improved Value: $55,543 $50,558 $61,275 $71,729 $88,502 Ag Value: $0 $0 $0 $0 Land Value: $25,000 $22,000 $23,750 $23,750 $23,750 Just Market Value: $80,543 $72,558 $85,025 $95,479 $112,252 Percent Change: - n/a % 17.18% 12.3% 17.57% Total Assessed Value: $80,543 $72,558 $73,791 $95,228 $112,252 Homestead Exemption: Yes Yes Yes No No Total Exemptions: $50,000 $47,558 $48,791 $0 $0 Taxable Value: $30,543 $25,000 $25,000 $95,228 $112,252 Millage Rate: n/a- -n/a- Total Tax Amount: $ $ $ $1, $1, Report Prepared By BROCK

22 SALES INFORMATION Deed Type: 11 Price: $100 Qualifiers: I Sale Date: 08/2014 Recorded Date: 09/2014 Document # Bk 2535/Pg 4003 Grantor: HUD-HOUSING OF URBAN DEV Grantee: BANK OF AMERICA Deed Type: GRANT DEED Price: $0 Qualifiers: Q, I Sale Date: 06/18/2013 Recorded Date: 11/08/2013 Document # Bk 2497/Pg 5528 Grantor: BANK OF AMERICA Grantee: HUD-HOUSING OF URBAN DEV Deed Type: -n/a- Price: $60,100 Qualifiers: I Sale Date: 12/05/2012 Recorded Date: 02/06/2013 Document # Bk 2457/Pg 1389 Grantor: COX,KIRKLAN H & KIMMI C COC Grantee: BAC HOME S SERVICING LP Deed Type: n/a Price: $0 Qualifiers: Sale Date: Recorded Date: 03/17/1998 Document # Bk 1547/Pg 3717 Grantor: Not Available Grantee: COX, KIRKLAN H & KIMMI C Mortgage Amount: $169,758 Instrument Date: 01/25/2008 Document # Bk 2245/Pg 1671 Lender: TAYLOR BEAN & WHITAKER MTG Borrower: COX, KIRKLAN H & KIMMI C Mortgage Amount: $25,000 Instrument Date: 07/24/2006 Document # Bk 2144/Pg 5772 Lender: WEST COAST FEDERAL EMP CU Borrower: COX, KIRKLAN H & KIMMI C Mortgage Amount: $120,000 Recording Date: 12/01/2005 Document # Bk 2081/Pg 5803 Lender: ARGENT MORTGAGE CO LLC Borrower: COX, KIRKLAN H & KIMMI C Mortgage Amount: $37,656 Recording Date: 03/17/1998 Document # Bk 1547/Pg 3717 Lender: GREEN TREE FINANCIAL CORP Borrower: COX, KIRKLAN H & KIMMI C Deed Type: PERSONAL REPRESENTATIVE DEED Price: $65,900 Qualifiers: U 3, I Sale Date: 10/26/1995 Recorded Date: Document # Bk 1471/Pg 5263 Grantor: PDLEVI, MATT EST BY PR Grantee: COX, KIRKLAN H * Vacant/Improved Codes: V=Vacant, I=Improved Sale Qualifiers: Q=Qualified, U=Unqualified, O=Other (see note), M=Multiple, P=Partial 1 UNQUALIFIED - OTHER, 2 UNQUALIFIED - FORECLOSURE OR THIRD PARTY INTERVENTION, 3 DISQUALIFIED BUILDING INFORMATION 1. RESIDENTIAL Living Area: 1,427 sf Built: 1966 act / 1990 eff Rooms: 3 Bedrooms: 2 Baths: 2.0 Total Area: 1,988 sf Stories: 1.0 A/C Type: Heat Type: HOT AIR CENTRAL AIR/HEAT SYSTEM Roof Type: HIP GABLE Roof Cover: SHINGLES COMP Heat Fuel: ELECTRIC Int Wall: Ext Wall: MASONRY Flooring: Building Subareas: S4 - SCREEN PORCH 40 (108 sf) CP - CLOSED PORCH (285 sf) OP - OPEN PORCH (144 sf) BASE - BASE (1,427 sf) UT - UTIL UTILITY (24 sf) OTHER IMPROVEMENT INFORMATION Code Description Units Year Built CG1 CAGE 1 STORY FNR FENCE-RESIDENTIAL NV PDA POOL DECK AVERAGE SPR RESIDENTIAL POOL Covered Parking: No Pool: Yes Pool Size: 200 sf PERMITS Permit Description Permit Number Issue Date Completion Date ALUMINUM ROOFOVER W/O GAS VENT /12/1994 SWIMMING POOL /22/1996 ALUMINUM POOL CAGE /05/1996 MECHANICAL A/C CHANGE-OUT /28/1996 ROOFING SHINGLE /31/2006 FLOOD ZONE DETAILS Zone Description Panel # Publication Date AE Areas of 100-year flood; base flood elevations and flood hazard factors determined C0316E 03/17/2014 Source: FEMA Q3 and/or DFIRM PropertyKey.com, Inc., 2016 Information is believed accurate but not guaranteed and should be independently verified.

23 Invoice Invoice Number: Date: 8/5/2016 PLEASE REMIT TO: 8700 Turnpike Drive, Suite 300 Westminster, CO Ref Number: Payee Code: 2292 Company: Address: City/State: Zip: CastleRock REO 333 Westchester Ave, South Building, Ste 2 White Plains, NY Work Order: Requested By: Loan Number: Reference Number: Project: Jason Epstein Phone: (914) Borrower: Fax: Address: TH STREET COURT EAST Contact Name: City State Zip: BRADENTON, FL Description Base Fee $ Comments: PAYMENT TERMS: Due Upon Receipt Total $ Thank You. We appreciate your business. Internal Use Only Amount Paid: Date:

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