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PROPERTY ADDRESS:                                                               MORTGAGER NAME:                        REFERENCE NUMBER:                    REPORT DATE:
                                   1770 Star Crest Pl, San Marcos, CA 92078                                        Smith                                  123456                               02/03/2012
Broker/Agent Estimate                                        Market Overview                                                           Comments

 As-Is Value                         $ 490,000               Neighborhood Market Trend                    Stable                       Subject is a 5/3.5 sfr located in the suburban City of San Marcos
                                                                                                                                       County of San Diego Ca. Located in the beautiful foothills of northern
 Quick-Sale Value                              $ 451,000     Overall Market Trend                         Stable                       San Diego County is San Marcos. From miles of trails in the local hills,
                                                                                                                                       to unique dining and shopping opportunit...
 Cost-to-Cure                                        n/a
                                                             Range of Comparable Sales                 $ 450,000 - $ 522,000           see page 6 for complete comments
 As-Repaired Value                                   n/a
                                                             Range of Comparable Listings              $ 475,000 - $ 529,000           Agent Name                          S. Graydon Carter
Subject Overview
 Is the Subject Listed?                              No      Market Supply                             Normal                          License Number                      CA 00891045
 Bank Owned/REO                                      No      Foreclosure Activity                      High                            Valuation Date                      02/3/2012


                            Subject Property                                  Sold Comparables                                                                 Listed Comparables




Street Address            1770 Star Crest Pl         1710 Weatherwood Ct     2523 Blue Oak Pl             1784 Star Crest Pl         2622 Fallsview Rd         1758 Weatherwood Ct       1751 Weatherwood Ct
                          San Marcos, CA             San Marcos, CA          San Marcos, CA               San Marcos, CA             San Marcos, CA            San Marcos, CA            San Marcos, CA
                          92078                      92078                   92078                        92078                      92078                     92078                     92078

Proximity to Subject                           n/a            0.259 Miles             0.121 Miles                    0.030 Miles               0.204 Miles               0.081 Miles                0.075 Miles
Sale Price                                     n/a             $ 450,000                $ 500,000                      $ 522,000                         n/a                      n/a                       n/a
Sale Date                                      n/a             11/4/2011                12/1/2011                      09/2/2011                         n/a                      n/a                       n/a
REO/Short Sale                                 No              Short Sale              Short Sale                              No               Short Sale                Short Sale                 Short Sale
Original List Price                            n/a             $ 575,000                $ 524,000                      $ 537,000                 $ 512,000                 $ 479,000                 $ 529,000
Original List Date                             n/a            03/19/2011               09/01/2011                     07/10/2011                12/03/2011                11/09/2011                12/01/2011
Current List Price                             n/a                    n/a                        n/a                           n/a               $ 475,000                 $ 479,000                 $ 529,000
Current List Date                              n/a                    n/a                        n/a                           n/a              12/23/2011                11/09/2011                12/01/2011
Days on Market                                 n/a                   181                         91                             7                         43                       87                        65
Year Built                                2005                      2005                      2005                         2005                         2005                    2005                      2005
Gross Living Area                         2,922                    2,935                     2,898                         2,710                     3,152                      2,935                     2,590
Total Basement Area                            n/a                    n/a                        n/a                           n/a                       n/a                      n/a                       n/a
Bedroom Count                                   5                      5                          4                             4                         5                         4                         4
Bathroom Count                             4.00                     4.50                        3.00                        3.50                        3.50                     4.00                      3.00
Site Size                           0.115 Acres              0.128 Acres              0.172 Acres                    0.125 Acres               0.149 Acres               0.149 Acres               0.133 Acres
Garage Capacity                                 2                      2                          2                             2                         2                         2                         2
As Compared to Subject                         n/a              Superior                    Inferior     Similar or Model Match      Similar or Model Match                   Inferior   Similar or Model Match
Amenities                                                                                                                                                                                           P



                          www.valuationvision.com                                                                                                                                 Order: 25 | Page 1
PROPERTY ADDRESS:                                                  MORTGAGER NAME:                     REFERENCE NUMBER:              REPORT DATE:
                                1770 Star Crest Pl, San Marcos, CA 92078                           Smith                               123456                         02/03/2012

Location Map                                                                                                         Overhead Subject Image




                                                                                                                     Bird's Eye View




Subject Property                                                       Proximity              Estimated Value

     1770 Star Crest Pl, San Marcos, CA 92078                                           n/a         $ 490,000
                                                                                                                     Street View
Sold Comparables                                                       Proximity                Sold Price

     1710 Weatherwood Ct, San Marcos, CA 92078                                     0.259 mi         $ 450,000

     2523 Blue Oak Pl, San Marcos, CA 92078                                        0.121 mi         $ 500,000

     1784 Star Crest Pl, San Marcos, CA 92078                                      0.030 mi         $ 522,000

Listed Comparables                                                     Proximity               Listed Price

     2622 Fallsview Rd, San Marcos, CA 92078                                       0.204 mi         $ 475,000

     1758 Weatherwood Ct, San Marcos, CA 92078                                     0.081 mi         $ 479,000

     1751 Weatherwood Ct, San Marcos, CA 92078                                     0.075 mi         $ 529,000




                        www.valuationvision.com                                                                                                            Order: 25 | Page 2
PROPERTY ADDRESS:                                         MORTGAGER NAME:       REFERENCE NUMBER:              REPORT DATE:
                                             1770 Star Crest Pl, San Marcos, CA 92078                  Smith                 123456                         02/03/2012


                  Sold Comparables

                      1710 Weatherwood Ct                                       2523 Blue Oak Pl                         1784 Star Crest Pl
                      San Marcos, CA 92078                                      San Marcos, CA 92078                     San Marcos, CA 92078
MLS Photo
Overhead View
Bird's Eye View




                                     www.valuationvision.com                                                                                     Order: 25 | Page 3
PROPERTY ADDRESS:                                         MORTGAGER NAME:       REFERENCE NUMBER:              REPORT DATE:
                                             1770 Star Crest Pl, San Marcos, CA 92078                  Smith                 123456                         02/03/2012


                  Listed Comparables

                      2622 Fallsview Rd                                         1758 Weatherwood Ct                      1751 Weatherwood Ct
                      San Marcos, CA 92078                                      San Marcos, CA 92078                     San Marcos, CA 92078
MLS Photo
Overhead View
Bird's Eye View




                                   www.valuationvision.com                                                                                       Order: 25 | Page 4
PROPERTY ADDRESS:                          MORTGAGER NAME:   REFERENCE NUMBER:              REPORT DATE:
                        1770 Star Crest Pl, San Marcos, CA 92078   Smith             123456                         02/03/2012


Subject Neighborhood View




                 www.valuationvision.com                                                                 Order: 25 | Page 5
PROPERTY ADDRESS:                                                             MORTGAGER NAME:                         REFERENCE NUMBER:                   REPORT DATE:
                                 1770 Star Crest Pl, San Marcos, CA 92078                                      Smith                                   123456                              02/03/2012


   Vendor Comments



Subject is a 5/3.5 sfr located in the suburban City of San Marcos County of San Diego Ca. Located in the beautiful foothills of northern San Diego County is San Marcos. From
miles of trails in the local hills, to unique dining and shopping opportunities in its retail centers. Just a 35-minute drive south to downtown San Diego; while a short jaunt west
across north county takes you to the majestic shores of the beautiful Pacific Ocean. San Marcos is bisected by SR 78 between Interstates 5 and 15. Other regional arteries
are: San Marcos Blvd/Palomar Airport Road, Rancho Santa Fe Road and Twin Oaks Valley/San Elijo Road. Home to Palomar College and California State University San
Marcos, the City has also become the heart of education in San Diego North. California State University at San Marcos (CSUSM) is currently serving 9,200 students with
enrollment increasing annually. Palomar College has an enrollment in excess of 30,000 full and part-time students. A dedication to parks and community services is another
priority for the City of San Marcos.




                        www.valuationvision.com                                                                                                                                 Order: 25 | Page 6
PROPERTY ADDRESS:                                                MORTGAGER NAME:                          REFERENCE NUMBER:                 REPORT DATE:
                           Exterior Inspection                    1770 Star Crest Pl, San Marcos, CA 92078                         Smith                                    123456                            02/03/2012
Subject Photo                                                              Neighborhood Valuation Driver

                                                                             Neighborhood Type                                Suburban                   Railroad Tracks                                No

                                                                             Neighborhood Condition                           Good                       Airport/Flightpath                             No

                                                                             Forclosure Activity                              High                       Waste Management Facilities                    Yes

                                                                             Boarded Homes                                    No                         Gated Community                                No

                                                                             Audible Freeway/Highway Noise                    No                         Community Pool/Park                            No

                                                                             Overhead Powerlines                              No                         Nearby Schools                                 Good

                                                                             Commercial Uses                                  No                         Other

                                                                           Structural Assessment
                                                                             Structural Damage                                No                         Evidence of Fire Damage                        No

                                                                             Broken Doors/Windows                             No                         Evidence of Flood/Water Damage                 No

                                                                             Major Cracks in Foundation/Walls                 No                         Evidence of Natural Disaster                   No
Property Inspection Summary
Property Use                                    Single-Family Attached     Repairs
                                                                           Summarize all repairs needed to bring this property from its present as is condition to average for the neighborhood.
Exterior Condition                              Good                       Check those repairs you recommend that we perform for successful marketing of the property.


Condition Relative to Adjacent Properties       Similar

Subject Visible From Street                     Yes

Style Typical of Neighborhood                   Yes
                                                                             Estimated Total of All Repairs                   $0                         Estimated Days to Complete Repairs
Occupancy Status                                No

Boarded Home                                    No                         Comments
                                                                             The subject is in the desirable San Elijo Old Ranch community. The neighborhood is well maintained, compared to other
Property Under Construction of Renovation       No                           neighborhoods with similar foreclosure/short sale problems. The subject property appears occupied, and very well maintained. The high
                                                                             pride in ownership supports a value on the mid- to higher- end of the comparable range. No repairs were visible from the exterior.
Real State Agent/For Sale Sign Visible          No

Parking Type                                    Attached Garage

Garage/Carport Capacity                         2

Waterfront View                                 No
                                                                             Agent Name                                         License Number                                     Inspection Date

Golf Course View                                No                           S. Graydon Carter                                  CA 00891045                                        02/3/2012

Other                                           Partial Mountain View




                                www.valuationvision.com                                                                                                                                   Order: 25 | Page 7
PROPERTY ADDRESS:                          MORTGAGER NAME:              REFERENCE NUMBER:      REPORT DATE:
                      Exterior Inspection        1770 Star Crest Pl, San Marcos, CA 92078   Smith                        123456                 02/03/2012
Subject Front View                                Subject Left Profile                               Subject Right Profile




Street Scene (Left)                               Street Scene (Right)                               Subject Address




                       www.valuationvision.com                                                                                    Order: 25 | Page 8

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BPO Lite With Inspection

  • 1. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Broker/Agent Estimate Market Overview Comments As-Is Value $ 490,000 Neighborhood Market Trend Stable Subject is a 5/3.5 sfr located in the suburban City of San Marcos County of San Diego Ca. Located in the beautiful foothills of northern Quick-Sale Value $ 451,000 Overall Market Trend Stable San Diego County is San Marcos. From miles of trails in the local hills, to unique dining and shopping opportunit... Cost-to-Cure n/a Range of Comparable Sales $ 450,000 - $ 522,000 see page 6 for complete comments As-Repaired Value n/a Range of Comparable Listings $ 475,000 - $ 529,000 Agent Name S. Graydon Carter Subject Overview Is the Subject Listed? No Market Supply Normal License Number CA 00891045 Bank Owned/REO No Foreclosure Activity High Valuation Date 02/3/2012 Subject Property Sold Comparables Listed Comparables Street Address 1770 Star Crest Pl 1710 Weatherwood Ct 2523 Blue Oak Pl 1784 Star Crest Pl 2622 Fallsview Rd 1758 Weatherwood Ct 1751 Weatherwood Ct San Marcos, CA San Marcos, CA San Marcos, CA San Marcos, CA San Marcos, CA San Marcos, CA San Marcos, CA 92078 92078 92078 92078 92078 92078 92078 Proximity to Subject n/a 0.259 Miles 0.121 Miles 0.030 Miles 0.204 Miles 0.081 Miles 0.075 Miles Sale Price n/a $ 450,000 $ 500,000 $ 522,000 n/a n/a n/a Sale Date n/a 11/4/2011 12/1/2011 09/2/2011 n/a n/a n/a REO/Short Sale No Short Sale Short Sale No Short Sale Short Sale Short Sale Original List Price n/a $ 575,000 $ 524,000 $ 537,000 $ 512,000 $ 479,000 $ 529,000 Original List Date n/a 03/19/2011 09/01/2011 07/10/2011 12/03/2011 11/09/2011 12/01/2011 Current List Price n/a n/a n/a n/a $ 475,000 $ 479,000 $ 529,000 Current List Date n/a n/a n/a n/a 12/23/2011 11/09/2011 12/01/2011 Days on Market n/a 181 91 7 43 87 65 Year Built 2005 2005 2005 2005 2005 2005 2005 Gross Living Area 2,922 2,935 2,898 2,710 3,152 2,935 2,590 Total Basement Area n/a n/a n/a n/a n/a n/a n/a Bedroom Count 5 5 4 4 5 4 4 Bathroom Count 4.00 4.50 3.00 3.50 3.50 4.00 3.00 Site Size 0.115 Acres 0.128 Acres 0.172 Acres 0.125 Acres 0.149 Acres 0.149 Acres 0.133 Acres Garage Capacity 2 2 2 2 2 2 2 As Compared to Subject n/a Superior Inferior Similar or Model Match Similar or Model Match Inferior Similar or Model Match Amenities P www.valuationvision.com Order: 25 | Page 1
  • 2. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Location Map Overhead Subject Image Bird's Eye View Subject Property Proximity Estimated Value 1770 Star Crest Pl, San Marcos, CA 92078 n/a $ 490,000 Street View Sold Comparables Proximity Sold Price 1710 Weatherwood Ct, San Marcos, CA 92078 0.259 mi $ 450,000 2523 Blue Oak Pl, San Marcos, CA 92078 0.121 mi $ 500,000 1784 Star Crest Pl, San Marcos, CA 92078 0.030 mi $ 522,000 Listed Comparables Proximity Listed Price 2622 Fallsview Rd, San Marcos, CA 92078 0.204 mi $ 475,000 1758 Weatherwood Ct, San Marcos, CA 92078 0.081 mi $ 479,000 1751 Weatherwood Ct, San Marcos, CA 92078 0.075 mi $ 529,000 www.valuationvision.com Order: 25 | Page 2
  • 3. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Sold Comparables 1710 Weatherwood Ct 2523 Blue Oak Pl 1784 Star Crest Pl San Marcos, CA 92078 San Marcos, CA 92078 San Marcos, CA 92078 MLS Photo Overhead View Bird's Eye View www.valuationvision.com Order: 25 | Page 3
  • 4. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Listed Comparables 2622 Fallsview Rd 1758 Weatherwood Ct 1751 Weatherwood Ct San Marcos, CA 92078 San Marcos, CA 92078 San Marcos, CA 92078 MLS Photo Overhead View Bird's Eye View www.valuationvision.com Order: 25 | Page 4
  • 5. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Subject Neighborhood View www.valuationvision.com Order: 25 | Page 5
  • 6. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Vendor Comments Subject is a 5/3.5 sfr located in the suburban City of San Marcos County of San Diego Ca. Located in the beautiful foothills of northern San Diego County is San Marcos. From miles of trails in the local hills, to unique dining and shopping opportunities in its retail centers. Just a 35-minute drive south to downtown San Diego; while a short jaunt west across north county takes you to the majestic shores of the beautiful Pacific Ocean. San Marcos is bisected by SR 78 between Interstates 5 and 15. Other regional arteries are: San Marcos Blvd/Palomar Airport Road, Rancho Santa Fe Road and Twin Oaks Valley/San Elijo Road. Home to Palomar College and California State University San Marcos, the City has also become the heart of education in San Diego North. California State University at San Marcos (CSUSM) is currently serving 9,200 students with enrollment increasing annually. Palomar College has an enrollment in excess of 30,000 full and part-time students. A dedication to parks and community services is another priority for the City of San Marcos. www.valuationvision.com Order: 25 | Page 6
  • 7. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: Exterior Inspection 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Subject Photo Neighborhood Valuation Driver Neighborhood Type Suburban Railroad Tracks No Neighborhood Condition Good Airport/Flightpath No Forclosure Activity High Waste Management Facilities Yes Boarded Homes No Gated Community No Audible Freeway/Highway Noise No Community Pool/Park No Overhead Powerlines No Nearby Schools Good Commercial Uses No Other Structural Assessment Structural Damage No Evidence of Fire Damage No Broken Doors/Windows No Evidence of Flood/Water Damage No Major Cracks in Foundation/Walls No Evidence of Natural Disaster No Property Inspection Summary Property Use Single-Family Attached Repairs Summarize all repairs needed to bring this property from its present as is condition to average for the neighborhood. Exterior Condition Good Check those repairs you recommend that we perform for successful marketing of the property. Condition Relative to Adjacent Properties Similar Subject Visible From Street Yes Style Typical of Neighborhood Yes Estimated Total of All Repairs $0 Estimated Days to Complete Repairs Occupancy Status No Boarded Home No Comments The subject is in the desirable San Elijo Old Ranch community. The neighborhood is well maintained, compared to other Property Under Construction of Renovation No neighborhoods with similar foreclosure/short sale problems. The subject property appears occupied, and very well maintained. The high pride in ownership supports a value on the mid- to higher- end of the comparable range. No repairs were visible from the exterior. Real State Agent/For Sale Sign Visible No Parking Type Attached Garage Garage/Carport Capacity 2 Waterfront View No Agent Name License Number Inspection Date Golf Course View No S. Graydon Carter CA 00891045 02/3/2012 Other Partial Mountain View www.valuationvision.com Order: 25 | Page 7
  • 8. PROPERTY ADDRESS: MORTGAGER NAME: REFERENCE NUMBER: REPORT DATE: Exterior Inspection 1770 Star Crest Pl, San Marcos, CA 92078 Smith 123456 02/03/2012 Subject Front View Subject Left Profile Subject Right Profile Street Scene (Left) Street Scene (Right) Subject Address www.valuationvision.com Order: 25 | Page 8