Valuation # rd Street, Earle, AR 72331

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Valuation # 4760233 Loan# 8736 Arkansas Delta Realty, 870-358-1944

an appraisal of the market value of the property.

1 Valuation # Loan# 8736 Arkansas Delta Realty, Notwithstanding any preprinted language to the contrary, this 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.

2 Subject Property Loan #: 8736 Property Type: Residential: 2 Project/Deal Name: Regions: 8736 FC Sale Date: Parcel Number: Occupancy Status: Vacant # of Units: 2 Comments: It did not appear that anyone lives in the property. Unit 1 Unit #: 100 Unit 1 Sq. Ft.: 823 Property Secured: No Occ Type: Unit 2 Unit #: 102 Unit 2 Sq. Ft.: 824 Property Secured: No Occ Type: Suggested Pricing Listing Price Selling Price Est. Mkt. Time As Is $22,000 $20, days Repaired $27,500 $25, days As Is 30 day Quick sale $19,800 $18, days Annual Tax Amount: $308 Delinquent tax amount: $0 Type of Financing: Conventional Seller Concession: Cash Total # of properties, of the same property type, on market in the same zip code as subject listed in the MLS: 0 Total # of properties, of the same property type, closed in the last three months, in the same zip code as subject: 0 Current Listing Information Currently Listed: No List Date: Days on Market: Original List Price: Current List Price: MLS#: Agent Name: Agent Phone: Sale History for last 5 years Has subject property been sold in the last 5 years: No Property Information Primary source of Property Information: MLS Projected Market Rent(Monthly): 400 Type of Ownership: Property Description Property Location Property Zoned Current Use Rural Approximate Lot Size 0.14 Year Built 1977 Type of Heating and Cooling # of Energy Efficient Items Quality of Construction Age typical for area? Architectural Style Style's Market Appeal Style typical for area? Ext. Bldg. Material sgarage Type Approximate Above Grade Living Area Total # Above Grade Rooms Conforming Yes Ranch Yes Brick, cars 1647 sq.ft. Above Grade Rooms Beds / Baths: 4 / 2. 0 Below grade rooms adding value Basement Type Other Amenities Market Conditions Market area local economy Market area employment Market area property inventory Very Weak Very Weak In Balance 8 None noted. Slab/None, Deck/Patio, Condition Are there any visible or known problems? Overall Ratings General condition Exterior appeal Lot Characteristics View Location Marketability Location factors adding to marketability/value Neighborhood value trend: Monthly rate (%) change: # months of trend: Number of competing listings in subject s zip code that are REO or Corporate owned Landscape: $500 - Mowing and tree trimming and power wash the house Windows/Doors: $1,500 - Boarded Windows Other: $200 - Pick up trash in the yard and front of house Owner occupied % in zip 51 Location factors detracting marketability/value Located in Most likely buyer? None noted during my drive by exterior inspection on 12/15/2016. Stable 0 0 High-tension wires: No Boarded-up homes: No answer Commercial uses: No Railroad tracks: No Freeway/highway: Yes Airport/flight path: No Waste facilities: No Vandalism Risk: High Slide area: No Flood plain: No : Yes Investor

3 Will new construction in area affect resale Average marketing time Sale Price range for property type in the last 3 months in zip List Price range for property type in zip Absorption Rate Comments No 151 $15,000 - $26,000 $15,000 - $30,000 Slow market due to the lack of jobs in the area. Many residents have to commute to Memphis for work. New construction affects market ability of subject Describe any economic obsolescence Describe any functional obsolescence No None noted. None noted. Describe in detail subject property, exterior condition and neighborhood This property is a duplex with two apartments. The windows are boarded and I assume that the windows have been broken. Yard needs mowing as well as the tree needs trimming. There is debris in the front yard and porch that needs to be discarded.

Competitive Listings Loan #: 8736 Property Type: Residential: 2 Project/Deal Name: Regions: 8736 FC Sale Date: Parcel Number: Item Subject Listing #1 Listing #2 Listing #3 Address View: Satellite 100

4 Competitive Listings Loan #: 8736 Property Type: Residential: 2 Project/Deal Name: Regions: 8736 FC Sale Date: Parcel Number: Item Subject Listing #1 Listing #2 Listing #3 Address View: Satellite 100 3rd Street Earle, AR A & B West Forrest Street Jonesboro, AR West Matthews Ave Jonesboro, AR Meadowbrook Street Jonesboro, AR Estimated / Calculated Proximity to Subject (in miles) 35 / / / Original List Price $49,000 $49,500 $75,000 Current List Price $49,000 $49,500 $75,000 Days Since Last Price Change Original List Date 11/9/2016 9/30/ /16/2016 Primary Property Information Source MLS MLS MLS MLS Property Type Residential: 2 Property Style Ranch Ranch Ranch Ranch Building Material Brick Alum/Vinyl Wood Brick Days on Market Lot Size (in acres) Car Storage Type Year Built # Above-Grade Rooms Bedrooms/Baths 4 / / / / 2.0 Basement Approximate Above-Grade Living Area Other amenities Deck/Patio Deck/Patio Deck/Patio Deck/Patio Detracting Factors Overall Condition Good REO/Short Sale? REO Fair Market Fair Market Description Listing #1 This comp has 4 bedrooms and 2 bathrooms. It is frame constructed. It has more GLA than subject. Description Listing #2 This property has many similarities with the subject proepty. Description Listing #3 This comp is superior to subject with condition and appeal as well as in ta better market. Subject Property As Is Repaired Sales Price $20,000 $25,000 Suggested List Price $22,000 $27, Day Quick Sale $18,000

Comparable Sales Loan# 8736 Item Subject Sale #1 Sale #2 Sale #3 Address View: Satellite 100 3rd Street Earle, AR 72331 651 Bailey Earle, AR 72331 621 & 623 Izard Street Forrest City, AR 72335 311

5 Comparable Sales Loan# 8736 Item Subject Sale #1 Sale #2 Sale #3 Address View: Satellite 100 3rd Street Earle, AR Bailey Earle, AR & 623 Izard Street Forrest City, AR East Day Street Forrest City, AR Estimated / Calculated Proximity to Subject (in miles) 0.5 / / / Original List Price $15,000 $30,000 $26,000 Final List Price N/A $15,000 $30,000 $26,000 Sales Price N/A $15,000 $26,000 $26,000 Original List Date 1/20/2016 5/27/2016 1/27/2016 Under Contract Date N/A 5/3/2016 9/5/2016 6/2/2016 Closing Date N/A 6/6/ /7/2016 6/28/2016 Primary Property Information Source MLS Tax records Tax records Tax records Property Type Residential: 2 Property Style Ranch Ranch Ranch Ranch Building Material Brick Brick Brick Brick Days on Market Lot Size (in acres) Car Storage Type 0 0 Attached 2 0 Attached Year Built # Above-Grade Rooms Bedrooms/Baths 4 / / / / 2.0 Basement Approximate Above-Grade Living Area Other amenities Deck/Patio Deck/Patio Deck/Patio Deck/Patio Detracting Factors Overall Condition REO/Short Sale/Fair Market? Fair Market Fair Market Fair Market Description Sale #1 This property and subject have many similarities. This comp has more living square feet. Description Sale #2 This comp has many similarities with subject property Description Sale #3 This property and subject have many similarities. This comp has a younger age than subject. Subject Property As Is Repaired Sales Price $20,000 $25,000 Suggested List Price $22,000 $27, Day Quick Sale $18,000

market time: 151 days Listing #1 201 A & B West Forrest Street

Original List Price: $49,000 Current List Price: $49,000 Days on

6 Competitive Listings 1647 sq.ft. Suggested List Price: $22,000 Projected Sale Price: $20,000 Estimated market time: 151 days Listing #1 201 A & B West Forrest Street Jonesboro, AR sq.ft. Original List Price: $49,000 Current List Price: $49,000 Days on Market: 40 Listing #2 714 West Matthews Ave Jonesboro, AR sq.ft. Original List Price: $49,500 Current List Price: $49,500 Days on Market: 90 Listing #3 709 Meadowbrook Street Jonesboro, AR sq.ft. Original List Price: $75,000 Current List Price: $75,000 Days on Market: 2

market time: 151 days Sale #1 651 Bailey Earle, AR 72331 0.5 1716 sq.ft.

Days on Market: 138 Sale #2 621 & 623 Izard Street Forrest City, AR 72335

Original List Price: $30,000 Sales Price: $26,000 Closing Date: 10/7/2016

7 Comparable Sales 1647 sq.ft. Suggested List Price: $22,000 Projected Sale Price: $20,000 Estimated market time: 151 days Sale #1 651 Bailey Earle, AR sq.ft. Original List Price: $15,000 Sales Price: $15,000 Closing Date: 6/6/2016 Days on Market: 138 Sale #2 621 & 623 Izard Street Forrest City, AR sq.ft. Original List Price: $30,000 Sales Price: $26,000 Closing Date: 10/7/2016 Days on Market: 156 Sale #3 311 East Day Street Forrest City, AR sq.ft. Original List Price: $26,000 Sales Price: $26,000 Closing Date: 6/28/2016 Days on Market: 176

8 MAP View Loan #: 8736 Property Type: Residential: 2 Project/Deal Name: Regions: 8736 FC Sale Date: Parcel Number:

Date: Parcel Number: Address Numbers Closeup Street View

9 Additional Subject Photos Loan #: 8736 Property Type: Residential: 2 Project/Deal Name: Regions: 8736 FC Sale Date: Parcel Number: Address Numbers Closeup Street View street sign Condition: Landscape Condition: Windows/Doors Condition: Other

10 Summary Loan #: 8736 Property Type: Residential: 2 Project/Deal Name: Regions: 8736 FC Sale Date: Parcel Number: Summary of Days On Market #1 #2 #3 Average Competitive Listings Comparable Sales Agent's estimated marketing time for subject as is: 151 Summary of Price/Sq.ft. #1 #2 #3 Subject pricing as is Competitive Listings listing price Comparable Sales selling price Summary of Listing/Sale Prices #1 #2 #3 Average Competitive Listings 49,000 49,500 75,000 57,833 Comparable Sales 15,000 26,000 26,000 22,333 Agent's estimated selling price for subject as is: 20,000 Exceptions: 0 Competitive Listings #1 #2 #3 None None None Comparable Sales #1 #2 #3 None None None

Broker Price Opinion - BPO # N 15th St, Coeur d Alene, ID Kootenai Loan# Debtor: Dr. Timothy J Stoddard

Broker Price Opinion - BPO # N 15th St, Coeur d Alene, ID Kootenai Loan# Debtor: Dr. Timothy J Stoddard Broker Price Opinion - BPO # 961600 1802 N 15th St, Coeur d Alene, ID 83814 Kootenai Loan# 106879001 Debtor: Dr. Timothy J Stoddard Interior BPO completed by Brent Covey Keller Williams, 509-290-5305 Completed