mock short sale package - real estate radio usa · urgent & confidential loan number: ... cover...

Urgent & Confidential Loan Number: 011-12-1234 Page

Short Sale Request and Proposal

Bank: Acme Bank Loss Mitigator: Amy Butler Borrower: John F. Smith Address: 123 Main St Fort Lauderdale, Florida 33312 Loan Number: 011-12-1234 Submitted by: Barry Johnson email @domain.com 1-877-123-4567 Date Submitted: October 12, 2007 Submittal by: Federal Express / Interdepartmental Mail / Facsimile and by Direct Personal Email

URGENT & CONFIDENTIAL

AUCTION DATE: 12/1/2007

Urgent & Confidential Loan Number: 011-12-1234

Section 1: Cover Letter and Short Sale Request……………………………………….

Section 2: The Letter of Authorization………...……………………………………...

Section 3: Request for Postponement of Auction…………………………………...

Section 4: Hardship Letter from Homeowner .……………………………………..

Section 5: Homeowner’s Financial Information ……………………………………

Section 6: Property Repair & Improvement Report w/ pictures .............................

Section 7: Municipal & Governmental Impact Report ............................................

Section 8: Latent Material Defect Report .................................................................

Section 9: Listing Agreement / MLS Listing / MLS History……………………….

Section 10: Current “AS-IS” Comparative Market Valuation Analysis ……………...

Section 11: Copy of Recorded Deed …………………………………………………..

Section 12: Executed Purchase and Sale Agreement…………………………………

Section 13: Preliminary HUD………………………………………………………….

Section 14: Legal Filing Insufficiencies……………………………………………….

Section 15: Bank Specific Support Documentation ………………………………….

Section 16: Text of Requested Payoff Letter………………………………………….

Short Sale Proposal & Package Table of Contents


Section 1: Short Sale Request and Proposal


SHORT PAYOFF OFFER & PROPOSAL LETTER Date: November 18, 2007 To: Amy Butler Loss Mitigation Representative Lender: Acme Bank Loan Number: 011-12-1234 Borrower Name: John F. Smith Property Address: 123 Main St. Fort Lauderdale, FL 33312 Auction Date: 12/ 1/07

*** NET AMOUNT OF SHORT SALE OFFER TO ACME BANK $155,000.00 *** Dear Ms. Butler: We are submitting for your review and subsequent approval, this comprehensive SHORT SALE SUMMARY PACKAGE pursuant to our recent telephone conversation regarding the possibility of a discounted payoff on the aforementioned defaulted mortgage loan. We are working very closely with your Borrower to facilitate a sale of the above referenced property. We have in fact entered into a purchase and sale contract (attached). I represent the Buyer and my clients are seeking to buy the property without the need for a mortgage contingency and subject only to your approval of this short sale proposal. Inspections have been completed. This sale requires and is only contingent upon your approval of the short sale offer Subsequent to your approval of our request for a discounted payoff, we can close very quickly. We guarantee a cash based closing of the transaction within 5-10 days of acceptance of our offer. We have been given complete authorization by the Borrower to discuss the mortgage loan that is presently in default that you are seeking to foreclose. We have again included a signed Letter of Authorization executed by the Borrower, which has been previously faxed to you Our contract offer to the Seller, Mr. John F. Smith, is $168,000.00 which will net your bank $155,000.00 after all closing costs and expenses which you can see on the Estimated HUD Statement attached hereto. We understand that in order for our offer to be accepted that there may be additional due diligence which may need to be completed. Should a second Broker’s Price Opinion (BPO) be necessary, or if one has never been completed, we urge you to have one completed and as we have control of the property we would like to meet with your representative to ensure a proper assessment of the scope of repairs of the subject property and a true and accurate appraisal of the estimated “AS-IS” value of the subject property. In order to obtain the most accurate valuation, it is our belief that it is imperative that the interior of the house be viewed and that the BPO not be limited to a cursory drive-by viewing or desktop appraisal or automated valuation.

Loan Number: 011-12-1234 Borrower Name: John F. Smith Property Address: 123 Main St. Fort Lauderdale, FL 33312 Auction Date: 12/ 1/07


We can provide interior access to the house to your representative and will meet with your representative with 48 hours notice. As an auction date is pending in the very near future, (December 1, 2007) we believe TIME IS OF THE ESSENCE in resolving this matter. We are prepared to close this transaction within 5-10 business days from receiving written notification of your acceptance of this offer or our acceptance of any counter offer that you may make in response to our offer. If you have any questions, please do not hesitate to contact us as necessary as we stand ready to facilitate and expediting a short sale payoff on the aforementioned loan. Sincerely,


Section 2: The Letter of Authorization



Date: Property and Mortgage / Lien Holder Information To: 1st Mortgage / Lien Holder: _______________________________ Re: 1st Mortgage or Loan / Account Number: ____________________ To: 2nd Mortgage / Lien Holder: _______________________________ Re: 2nd Mortgage or Loan / Account Number: ____________________ To: Other Mortgage / Lien Holder: _______________________________ Re: Other Mortgage or Loan / Account Number: ____________________

Property & Borrower / Homeowner Information Property Address: ___________________________ City: __________________ State:______ Property Owner(s) Name: ____________________________ & ___________________________ Primary Borrower SSN: ___________________ Co-Borrower SSN: ___________________ To Whom It May Concern: I, ________________________________________, & _________________________________, Borrower Co-Borrower herewith give the above referenced mortgage holder / lender, attorney, servicer, and/or insurer of the mortgage loan or credit card debt referenced above permission to speak with and disclose financial records pertaining to the loan or debt to John Doe of Doe Associates, Jane Doe of Doe Associates, Harry Doe of Doe Associates, Jeff Doe of Doe Associates, Lenny Smith of Friendly Title Company, Jen Owens of Big Time Realty, Bob Brown of Brown, Owens, & Birch Law Firm and or each of their respective assigns, associates, employees or agents. A facsimile copy of this document may serve with all of the rights and legalities as an original. Accordingly, I agree to indemnify and hold harmless, John Doe of Doe Associates, Jane Doe of Doe Associates, Harry Doe of Doe Associates, Jeff Doe of Doe Associates, Lenny Smith of Friendly Title Company, Jen Owens of Big Time Realty, Bob Brown of Brown, Owens, & Birch Law Firm and or each of their respective assigns, associates, employees or agents from any liability for actions taken by the lender or as a result of this contemplated short sale transaction. Dated this the ____ day of July, 2007. _________________________________ _________________________________ Borrower Co-Borrower


Section 3: Request for Postponement of Auction



Request for Postponement of Auction

Date: November 18, 2007 To: Amy Butler Loss Mitigation Representative Lender: Acme Bank Loan Number: 011-12-1234 Borrower Name: John F. Smith Property Address: 123 Main St. Fort Lauderdale, FL 33312 Auction Date: 12/ 1/07

Dear Ms. Butler: We have obtained a valid and fully executed Purchase and Sale Contract on the above referenced property. The Contract has no financing or inspection contingencies. The only thing holding up a closing is your agreement on the discounted payoff that you will accept as payment in full. Although the property is slated for auction on December 1, 2007, we are requesting a postponement of the auction so that we can complete our negotiations with your bank and complete the sale. I think you will agree, that our ability to consummate this transaction is a much more viable alternative than for this property to be foreclosed upon and taken back by the bank and being placed in your REO inventory for future sale. Our buyer is a formidable and experienced investor and I have attached his proof of funds for your review. This Proof of Funds Letter coupled with the Purchase and Sale Contract should provide you with enough reason to postpone the auction and allow us to finalize the deal and get this property sold and off your books. As the auction date is pending in the very near future, (December 1, 2007) we believe TIME IS OF THE ESSENCE in resolving this matter. We are prepared to close this transaction within 5-10 business days from receiving written notification of your acceptance of this offer or our acceptance of any counter offer that you may make in response to our offer. We do not want to have to seek remedy from the Court in the form of an Order or injunction and we believe that an amicable postponement is everyone’s best interest If you have any questions, please do not hesitate to contact us as necessary as we stand ready to facilitate and expediting a short sale payoff on the aforementioned loan. Sincerely,


Section 4: Hardship Letter from Homeowner


To: Whom It May Concern I have been asked to write this letter to give you some reasons why I am unable to pay our mortgage. This is a very simple answer. I don’t have the money to do so. After an exhaustive search to regain employment, My wife Jane, who lost her job a couple of months ago, became quite depressed. She has since sought the comfort of her family and has relocated to our home country, Colombia in South America. Unfortunately, I can not afford the payments on the loan and I have to be with my wife so next week I will be permanently leaving the United States and returning to Colombia as well. I understand that this letter will help you to decide if we deserve to be allowed to sell our property in what I am told is a short sale type of transaction. I can not afford to enter into any type of deferral program or forebearance agreement as our relocation to Colombia is permanent and neither my wife nor I will be returning. The cost of living is much cheaper in Colombia and although we have no savings or assets remaining, our families have agreed to support us while we get back on our feet. We do not have this kind of support group here. For months now I have struggled and tried to find a way to sell my house or come up with the money to catch up on my payments, but I have not been able to come up with any real way to do so. I have listed the home for sale and rent on the MLS since September 2006 but as a result of the sagging real estate market here in South Florida I have not received a single offer…neither for rent or



sale. As you can imagine, ever since I began falling behind, I have been getting letters and phone calls from hundreds of people who say that they can help me. Some have wanted money from me and most were just “investors” who wanted to take my house and leave me out in the cold with some form of scheme or another. Some have even tried to convince me to file bankruptcy to fight the foreclosure and even though it is an option that is available to me, I think it would make matters work in the long run since I do not have the money to hire an attorney and also because there would be no way for me to come back and forth from Colombia for court hearings that have no bearing on my future anyway since I do not plan to return to America. I would prefer to work out a friendly arrangement with your company instead of filing bankruptcy. I have had one real estate agent approach me who specializes in short sales and she has a cash buyer available if I can come to some agreement with you. She has informed me of a way that I may be able to settle this with you and it is by doing a short sale. It has been explained to me and I understand that if you approve it, I can move on with my life and we won’t have to go to court and fight over this and I’ll never have to file bankruptcy to fight the foreclosure. I agree that selling the house this way is a much better way to go for all of us. Financially, I do not have the money to make up the back payments and I would like to avoid anymore hassles. I am embarrassed by this and sometimes I can’t sleep at night worrying about what will happen and it is eating me up inside not being with my wife or being able to pay my mortgage and having to go through this.


I have not been able to make enough money lately to pay my mortgage and I also have not had the money to keep the house maintained I don’t have any alternative to foreclosure other than doing this short sale. I still have to wake up every morning as if I was going to work except now I have to look in the mirror and admit that I have let my family down. I am so sorry that I am in this position but with your help we can all work this out so we can avoid a long drawn out process. Please help me take a big step in getting my feet back on the ground by letting me accept the offer to buy my house in a way that allows them to close the deal by getting a discount from what I owe you. I don’t have anything left that I can sell or pawn and without enough money to keep the house, I now need to concentrate on helping my family survive. I don’t understand why I have to write this kind of letter as it is really embarrassing. Believe me if I had my way I would be making my payments. It would be so much better than watching things go down the tubes. Hopefully you will approve the deal quickly. I know that you may feel that I do not deserve any favors but doing this deal also helps your company as well as I know it works out better to do work things out in a friendly way than by going to a bunch of court hearings and costly hassles. I sincerely hope that this short sale can be done and we can all move forward and put this matter behind us. Sincerely, John Doe


Section 5: Homeowner’s Financial Information

CORRECTED (if checked)

Copy B

This is important taxinformation and is beingfurnished to the InternalRevenue Service. If you

are required to file areturn, a negligence

penalty or othersanction may be

imposed on you if thisitem is required to bereported and the IRS

determines that it hasnot been reported.

(keep for your records)

For Transferor

OMB No. 1545-0997

Proceeds From RealEstate Transactions

FILER’S federal identification number TRANSFEROR’S identification number

Gross proceeds

Date of closing1

TRANSFEROR’S name

Address or legal description

Street address (including apt. no.)

City, state, and ZIP code Transferor received or will receive property or servicesas part of the consideration (if checked) �

Account or escrow number (see instructions)

Department of the Treasury - Internal Revenue ServiceForm 1099-S

FILER’S name, street address, city, state, ZIP code, and telephone no.

2

3

4

$

Page 3 of 6 of Form 1099-S 7The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Form 1099-S

Buyer’s part of real estate tax5

$

2008

OMB No. 1545-0997

Proceeds From RealEstate Transactions

FILER’S federal identification number TRANSFEROR’S identification number

Gross proceeds

Date of closing1

TRANSFEROR’S name

Address or legal description (including city, state, and ZIP code)


City, state, and ZIP code Check here if the transferor received or will receiveproperty or services as part of the consideration �

Account or escrow number (see instructions)

Department of the Treasury - Internal Revenue ServiceForm 1099-S

FILER’S name, street address, city, state, ZIP code, and telephone no.

2

3

4

$

Page 5 of 6 of Form 1099-S 7The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

Form 1099-S

Buyer’s part of real estate tax5

$

For Filer

For Privacy Actand PaperworkReduction Act

Notice, see the2008 General

Instructions forForms 1099,1098, 5498,and W-2G.

Copy C

CORRECTED

2008

VOID

CORRECTED

TuitionStatement

(keep for your records)

Copy BFor Student

This is importanttax information

and is beingfurnished to the

Internal RevenueService.

Page 3 of 6 of Form 1098-T 2The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before printing.

FILER’S name, street address, city, state, ZIP code, and telephone number

3STUDENT’S social security numberFILER’S federal identification no.


2

City, state, and ZIP code

9Service Provider/Acct. No.(see instr.)

STUDENT’S name

Department of the Treasury - Internal Revenue ServiceForm 1098-T

10

Form 1098-T

OMB No. 1545-1574

Ins. contract reimb./refund

If this box is checked, your educational institutionhas changed its reporting method for 2007

Amounts billed forqualified tuition andrelated expenses

Payments received forqualified tuition andrelated expenses

1

$

$

4 Adjustments made for aprior year

6 Adjustments toscholarships or grantsfor a prior year

$7

$

5 Scholarships or grants

$Checked if the amountin box 1 or 2 includesamounts for anacademic periodbeginning January -March 2008 �

8 Checked if at least

half-time student

Checked if a

graduate student $

2007

4 I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING

DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

TLS, have youtransmitted all R text files for this cycle update?

Date

Action

Revised proofsrequested

Date

Signature

O.K. to print

OMB No. 1545-0074 SCHEDULE SE

Self-Employment Tax (Form 1040) Department of the TreasuryInternal Revenue Service

AttachmentSequence No. 17

© Attach to Form 1040. © See Instructions for Schedule SE (Form 1040).

Name of person with self-employment income (as shown on Form 1040)

Social security number of personwith self-employment income ©

Who Must File Schedule SE You must file Schedule SE if: ● You had net earnings from self-employment from other than church employee income (line 4 of Short Schedule SE or line 4c of

Long Schedule SE) of $400 or more, or

Exception. If your only self-employment income was from earnings as a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361 and received IRS approval not to be taxed on those earnings, do not file Schedule SE. Instead, write “Exempt–Form 4361” on Form 1040, line 58.

Section A—Short Schedule SE. Caution. Read above to see if you can use Short Schedule SE.

Net farm profit or (loss) from Schedule F, line 36, and farm partnerships, Schedule K-1 (Form1065), box 14, code A

1 1

Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers and members of religious orders, see page SE-1 for amounts to report on this line. See pageSE-3 for other income to report

2

2 3 Combine lines 1 and 2 3

Net earnings from self-employment. Multiply line 3 by 92.35% (.9235). If less than $400,do not file this schedule; you do not owe self-employment tax ©

4 4

5 Self-employment tax. If the amount on line 4 is:

For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule SE (Form 1040) 2007

● You had church employee income of $108.28 or more. Income from services you performed as a minister or a member of areligious order is not church employee income (see page SE-1).

Cat. No. 11358Z

Deduction for one-half of self-employment tax. Multiply line 5 by50% (.5). Enter the result here and on Form 1040, line 27

● $97,500 or less, multiply line 4 by 15.3% (.153). Enter the result here and on Form 1040, line 58. ● More than $97,500, multiply line 4 by 2.9% (.029). Then, add $12,090 to the result.Enter the total here and on Form 1040, line 58

INSTRUCTIONS TO PRINTERSSCHEDULE SE (FORM 1040), Page 1 of 2MARGINS: TOP 13 mm (1⁄ 2 "), CENTER SIDES. PRINTS: HEAD TO HEADPAPER: WHITE WRITING, SUB. 20. INK: BLACKFLAT SIZE: 203 mm (8") 3 279 mm (11")PERFORATE: (NONE)

May I Use Short Schedule SE or Must I Use Long Schedule SE?

Did you receive wages or tips in 2007?

Was the total of your wages and tips subject to social securityor railroad retirement tax plus your net earnings fromself-employment more than $97,500?

Did you receive tips subject to social security or Medicare taxthat you did not report to your employer?

Are you using one of the optional methods to figure your netearnings (see page SE-4)?

Are you a minister, member of a religious order, or ChristianScience practitioner who received IRS approval not to be taxedon earnings from these sources, but you owe self-employmenttax on other earnings?

Did you receive church employee income reported on FormW-2 of $108.28 or more?

You may use Short Schedule SE below

You must use Long Schedule SE on page 2

Ä

Ä

Yes

Ä

Yes

Ä

Ä

Ä

No

No

No

No

Yes

Ä

Yes

Ä

Yes

Ä

Yes

Ä Ä

Ä

Ä

Ä

No

Note. Even if you had a loss or a small amount of income from self-employment, it may be to your benefit to file Schedule SE and use either “optional method” in Part II of Long Schedule SE (see page SE-4).

6 5

6

Note. Use this flowchart only if you must file Schedule SE. If unsure, see Who Must File Schedule SE, above.

2007

Did you report any wages on Form 8919, Uncollected SocialSecurity and Medicare Tax on Wages?

Ä

Yes

No

Ä

Ä

No

Attachment Sequence No. 17Schedule SE (Form 1040) 2007

Name of person with self-employment income (as shown on Form 1040) Social security number of personwith self-employment income �

Section B—Long Schedule SE

A If you are a minister, member of a religious order, or Christian Science practitioner and you filed Form 4361, but youhad $400 or more of other net earnings from self-employment, check here and continue with Part I �

Note. If your only income subject to self-employment tax is church employee income, skip lines 1 through 4b. Enter -0- on line4c and go to line 5a. Income from services you performed as a minister or a member of a religious order is not church employeeincome. See page SE-1.

Self-Employment Tax

1 Net farm profit or (loss) from Schedule F, line 36, and farm partnerships, Schedule K-1 (Form1065), box 14, code A. Note. Skip this line if you use the farm optional method (see page SE-4) 1

2 Net profit or (loss) from Schedule C, line 31; Schedule C-EZ, line 3; Schedule K-1 (Form 1065), box14, code A (other than farming); and Schedule K-1 (Form 1065-B), box 9, code J1. Ministers andmembers of religious orders, see page SE-1 for amounts to report on this line. See page SE-3 forother income to report. Note. Skip this line if you use the nonfarm optional method (see page SE-4) 2

33 Combine lines 1 and 24a4a If line 3 is more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from line 34bIf you elect one or both of the optional methods, enter the total of lines 15 and 17 hereb

c Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. Exception.If less than $400 and you had church employee income, enter -0- and continue � 4c

6

97,500 00Maximum amount of combined wages and self-employment earnings subject to social securitytax or the 6.2% portion of the 7.65% railroad retirement (tier 1) tax for 2007

5a

7

Total social security wages and tips (total of boxes 3 and 7 on Form(s)W-2) and railroad retirement (tier 1) compensation. If $97,500 or more,skip lines 8b through 10, and go to line 11 8a

b Unreported tips subject to social security tax (from Form 4137, line 10) 8b

8dd Add lines 8a, 8b, and 8c

8a

Subtract line 8d from line 7. If zero or less, enter -0- here and on line 10 and go to line 11 � 9910 10

Self-employment tax. Add lines 10 and 11. Enter here and on Form 1040, line 58

Optional Methods To Figure Net Earnings (see page SE-4)

1,600 0014Maximum income for optional methods14Enter the smaller of: two-thirds (2⁄3 ) of gross farm income1 (not less than zero) or $1,600. Alsoinclude this amount on line 4b above

1515

16Subtract line 15 from line 1416

Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits3 were lessthan $1,733 and also less than 72.189% of your gross nonfarm income,4 and (b) you had net earningsfrom self-employment of at least $400 in 2 of the prior 3 years.

1717

3 From Sch. C, line 31; Sch. C-EZ, line 3; Sch. K-1 (Form 1065), box 14, code A; andSch. K-1 (Form 1065-B), box 9, code J1.

1 From Sch. F, line 11, and Sch. K-1 (Form 1065),box 14, code B.

4 From Sch. C, line 7; Sch. C-EZ, line 1; Sch. K-1 (Form 1065), box 14, code C; and Sch.K-1 (Form 1065-B), box 9, code J2.

2 From Sch. F, line 36, and Sch. K-1 (Form 1065),box 14, code A.

Multiply the smaller of line 6 or line 9 by 12.4% (.124)Multiply line 6 by 2.9% (.029)

Enter your church employee income from Form W-2. See page SE-1for definition of church employee incomeMultiply line 5a by 92.35% (.9235). If less than $100, enter -0-Net earnings from self-employment. Add lines 4c and 5b

5a5bb

6

7

1112

11

Farm Optional Method. You may use this method only if (a) your gross farm income1 was not morethan $2,400, or (b) your net farm profits2 were less than $1,733.

Enter the smaller of: two-thirds (2⁄3 ) of gross nonfarm income4 (not less than zero) or the amounton line 16. Also include this amount on line 4b above

Part I

Part II

Caution. You may use this method no more than five times.

Deduction for one-half of self-employment tax. Multiply line 12 by50% (.5). Enter the result here and on Form 1040, line 27 13

13

Schedule SE (Form 1040) 2007

12

c Wages subject to social security tax (from Form 8919, line 10) 8c

SCHEDULE E OMB No. 1545-0074 Supplemental Income and Loss (Form 1040) (From rental real estate, royalties, partnerships,

S corporations, estates, trusts, REMICs, etc.) © Attach to Form 1040, 1040NR, or Form 1041. © See Instructions for Schedule E (Form 1040).

Department of the TreasuryInternal Revenue Service

Attachment Sequence No. 13

Your social security number Name(s) shown on return

Income or Loss From Rental Real Estate and Royalties Note. If you are in the business of renting personal property, use Schedule C or C-EZ (see page E-3). If you are an individual, report farm rental income or loss from Form 4835 on page 2, line 40.

List the type and location of each rental real estate property:

1

A

B

C

No Yes 2

A

B

C Properties Totals

(Add columns A, B, and C.) Income: C B A 3 3 3 Rents received

4 Royalties received

4 4 Expenses:

5 Advertising

5 6 Auto and travel (see page E-4)

6

7 Cleaning and maintenance

7 8 Commissions

8

9 Insurance

9 10 10 Legal and other professional fees

11 Mortgage interest paid to banks,etc. (see page E-4)

12

11

12 Other interest

12

13 Repairs

13 14

Supplies

14 15

Taxes

15 16

Utilities

16 17 17

Other (list) ©

18

18

19 19 Add lines 5 through 18

19 Depreciation expense or depletion(see page E-5)

20 20 20 21 Total expenses. Add lines 19 and 20

21

Income or (loss) from rental realestate or royalty properties.Subtract line 21 from line 3 (rents)or line 4 (royalties). If the result is a (loss), see page E-5 to find out ifyou must file Form 6198

22

22

Deductible rental real estate loss.Caution. Your rental real estateloss on line 22 may be limited. See page E-5 to find out if you mustfile Form 8582. Real estateprofessionals must complete line43 on page 2

23

) ( ) ( ) ( 23 24 24 Income. Add positive amounts shown on line 22. Do not include any losses

) ( 25 Losses. Add royalty losses from line 22 and rental real estate losses from line 23. Enter total losses here.

25 26 Total rental real estate and royalty income or (loss). Combine lines 24 and 25. Enter the result here.

If Parts II, III, IV, and line 40 on page 2 do not apply to you, also enter this amount on Form 1040, line 17, or Form 1040NR, line 18. Otherwise, include this amount in the total on line 41 on page 2

26

For Paperwork Reduction Act Notice, see page E-7 of the instructions. Cat. No. 11344L Schedule E (Form 1040) 2007

Part I

Management fees

For each rental real estate propertylisted on line 1, did you or your familyuse it during the tax year for personalpurposes for more than the greater of: ● 14 days or

● 10% of the total days rented atfair rental value? (See page E-3)

2007

Attachment Sequence No. 13

Schedule E (Form 1040) 2007

Your social security number Name(s) shown on return. Do not enter name and social security number if shown on other side.

Income or Loss From Partnerships and S Corporations Note. If you report a loss from an at-risk activity forwhich any amount is not at risk, you must check the box in column (e) on line 28 and attach Form 6198. See page E-1.

(b) Enter P forpartnership; S

for S corporation

(c) Check ifforeign

partnership

(d) Employeridentification

number

(a) Name

28 (e) Check if

any amount isnot at risk

A B C D

Nonpassive Income and Loss Passive Income and Loss (h) Nonpassive lossfrom Schedule K–1

(g) Passive income from Schedule K–1

(j) Nonpassive income from Schedule K–1

(f) Passive loss allowed(attach Form 8582 if required)

(i) Section 179 expensededuction from Form 4562

A B C D

Totals 29a Totals b

30 30 Add columns (g) and (j) of line 29a ) ( 31 31 Add columns (f), (h), and (i) of line 29b

Total partnership and S corporation income or (loss). Combine lines 30 and 31. Enter theresult here and include in the total on line 41 below

32 32

Income or Loss From Estates and Trusts (b) Employer

identification number

(a) Name

33

A B

Passive Income and Loss Nonpassive Income and Loss (e) Deduction or lossfrom Schedule K–1

(d) Passive incomefrom Schedule K–1

(f) Other income fromSchedule K–1

(c) Passive deduction or loss allowed(attach Form 8582 if required)

A B

Totals 34a b Totals

35 Add columns (d) and (f) of line 34a

35 ) ( 36 36 Add columns (c) and (e) of line 34b

37 Total estate and trust income or (loss). Combine lines 35 and 36. Enter the result here andinclude in the total on line 41 below

37

Income or Loss From Real Estate Mortgage Investment Conduits (REMICs)—Residual Holder (c) Excess inclusion from

Schedules Q, line 2c(see page E-7)

(e) Income from Schedules Q, line 3b

(d) Taxable income (net loss)from Schedules Q, line 1b

(b) Employeridentification number

(a) Name

38

39 Combine columns (d) and (e) only. Enter the result here and include in the total on line 41 below

39 Summary

40 Net farm rental income or (loss) from Form 4835. Also, complete line 42 below

40 Total income or (loss). Combine lines 26, 32, 37, 39, and 40. Enter the result here and on Form 1040, line 17, or Form 1040NR, line 18 ©

41 41

Reconciliation of farming and fishing income. Enter your gross farming and fishing income reported on Form 4835, line 7; Schedule K-1 (Form1065), box 14, code B; Schedule K-1 (Form 1120S), box 17, code T; and Schedule K-1 (Form 1041), line 14, code F (see page E-7)

42

42

Part III

Part V

Part IV

Part II

Reconciliation for real estate professionals. If you were a real estateprofessional (see page E-2), enter the net income or (loss) you reportedanywhere on Form 1040 or Form 1040NR from all rental real estate activitiesin which you materially participated under the passive activity loss rules

43

43 Schedule E (Form 1040) 2007

27 Are you reporting any loss not allowed in a prior year due to the at-risk or basis limitations, a prior year unallowed loss from a passive activity (if that loss was not reported on Form 8582), or unreimbursed partnership expenses?

Yes

No If you answered “Yes,” see page E-6 before completing this section.

Caution. The IRS compares amounts reported on your tax return with amounts shown on Schedule(s) K-1.

OMB No. 1545-0074 SCHEDULE D

Capital Gains and Losses (Form 1040)

© Attach to Form 1040 or Form 1040NR. © See Instructions for Schedule D (Form 1040). Department of the TreasuryInternal Revenue Service


© Use Schedule D-1 to list additional transactions for lines 1 and 8.

Your social security number

Name(s) shown on return

Short-Term Capital Gains and Losses—Assets Held One Year or Less

(f) Gain or (loss)Subtract (e) from (d)

(e) Cost or other basis(see page D-7 ofthe instructions)

(a) Description of property(Example: 100 sh. XYZ Co.)

(d) Sales price(see page D-7 ofthe instructions)

(c) Date sold(Mo., day, yr.)

1

Enter your short-term totals, if any, from Schedule D-1,line 2

2

Total short-term sales price amounts. Add lines 1 and 2 incolumn (d)

3 3

5

Short-term gain from Form 6252 and short-term gain or (loss) from Forms 4684, 6781, and 8824 5

6 6

Net short-term gain or (loss) from partnerships, S corporations, estates, and trusts fromSchedule(s) K-1

7

Short-term capital loss carryover. Enter the amount, if any, from line 10 of your Capital LossCarryover Worksheet on page D-7 of the instructions

Net short-term capital gain or (loss). Combine lines 1 through 6 in column (f)

Long-Term Capital Gains and Losses—Assets Held More Than One Year

8

Enter your long-term totals, if any, from Schedule D-1,line 9

9

10

Total long-term sales price amounts. Add lines 8 and 9 incolumn (d)

10

11

Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or(loss) from Forms 4684, 6781, and 8824

11

12

12

13

Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts fromSchedule(s) K-1

14

Capital gain distributions. See page D-2 of the instructions 14

15

Long-term capital loss carryover. Enter the amount, if any, from line 15 of your Capital LossCarryover Worksheet on page D-7 of the instructions

( ) Net long-term capital gain or (loss). Combine lines 8 through 14 in column (f). Then go to

Part III on the back

15 For Paperwork Reduction Act Notice, see Form 1040 or Form 1040NR instructions. Schedule D (Form 1040) 2007 Cat. No. 11338H

( )

4

4

Part I

Part II

13

(b) Dateacquired

(Mo., day, yr.)

2

9

(a) Description of property(Example: 100 sh. XYZ Co.)

(c) Date sold(Mo., day, yr.)

(b) Dateacquired

(Mo., day, yr.)

(e) Cost or other basis(see page D-7 ofthe instructions)

(d) Sales price(see page D-7 ofthe instructions)

7

(f) Gain or (loss)Subtract (e) from (d)

2007

Schedule D (Form 1040) 2007

Summary

Combine lines 7 and 15 and enter the result

16

16

18

Part III

Page 2

18

Enter the amount, if any, from line 7 of the 28% Rate Gain Worksheet on page D-8 of theinstructions ©

Are lines 18 and 19 both zero or blank?

19

Schedule D (Form 1040) 2007

21

Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet on page D-9 of the instructions ©

20

If line 16 is a loss, enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of:

21

19

● The loss on line 16 or ● ($3,000), or if married filing separately, ($1,500)

%

Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then completethe Qualified Dividends and Capital Gain Tax Worksheet on page 35 of the Instructions forForm 1040 (or in the Instructions for Form 1040NR). Do not complete lines 21 and 22 below.

No. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete the Schedule D Tax Worksheet on page D-10 of the instructions. Do not complete lines 21 and22 below.

Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b?

22 Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete

the Qualified Dividends and Capital Gain Tax Worksheet on page 35 of the Instructions forForm 1040 (or in the Instructions for Form 1040NR). No. Complete the rest of Form 1040 or Form 1040NR.

( )

Are lines 15 and 16 both gains?

17 Yes. Go to line 18.

No. Skip lines 18 through 21, and go to line 22.

Note. When figuring which amount is smaller, treat both amounts as positive numbers.

If line 16 is: ● A gain, enter the amount from line 16 on Form 1040, line 13, or Form 1040NR, line 14. Then

go to line 17 below. ● A loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22.

● Zero, skip lines 17 through 21 below and enter -0- on Form 1040, line 13, or Form 1040NR,line 14. Then go to line 22.

(99)

(d) Amount paid(see instructions)

(c) Identifyingnumber (SSN or EIN)

(b) Address (number, street, apt. no.,city, state, and ZIP code)

Part I (a) Care provider’s

name

1 Persons ororganizationswho providedthe care You mustcomplete thispart.

(If you need more space, use the bottom of page 2.)

2 Part II

Credit for childand dependentcare expenses

Add the amounts in column (c) of line 2. Do not enter more than$3,000 for one qualifying person or $6,000 for two or more persons.If you completed Part III, enter the amount from line 27.

3

3 4 4 5

5 6 6 7

Enter your earned income. See the instructions.

8

8

If married filing jointly, enter your spouse’s earned income (if yourspouse was a student or was disabled, see the instructions); allothers, enter the amount from line 4.

9 9

Enter on line 8 the decimal amount shown below that applies to theamount on line 7.

Decimalamount is

If line 7 is: But not

over

Over

.27

$29,000—31,000

.35

$0—15,000 .26

31,000—33,000

.34

15,000—17,000 .25

33,000—35,000

.33

17,000—19,000 .24

35,000—37,000

.32

19,000—21,000 37,000—39,000

.23

.31

21,000—23,000 .30

23,000—25,000

3 .

Multiply line 6 by the decimal amount on line 8. If you paid 2005expenses in 2006, see the instructions.

Schedule 2 (Form 1040A) 2006 For Paperwork Reduction Act Notice, see Form 1040A instructions.

Before you begin: You need to understand the following terms. See Definitions on page 1 of the separate instructions.

Cat. No. 10749I

Department of the Treasury—Internal Revenue Service Schedule 2 Child and Dependent CareExpenses for Form 1040A Filers

(Form 1040A) 2006 OMB No. 1545-0074

Name(s) shown on Form 1040A Your social security number

Decimalamount is

If line 7 is: But not

over

Over

Enter the amount from Form 1040A, line 22.

Enter the smallest of line 3, 4, or 5. 7

Did you receivedependent care benefits?

Yes

No

Complete only Part II below. Complete Part III on the back next.

©

©

Caution. If the care was provided in your home, you may owe employment taxes. If you do, youmust use Form 1040. See Schedule H and its instructions for details.

Information about your qualifying person(s). If you have more than two qualifying persons, seethe instructions.

(a) Qualifying person’s name

(b) Qualifying person’s socialsecurity number

(c) Qualified expensesyou incurred and paidin 2006 for the person

listed in column (a)

First

Last

● Dependent care benefits ● Qualifying person(s) ● Qualified expenses

25,000—27,000 27,000—29,000

.29 .28

39,000—41,000 41,000—43,000 43,000—No limit

.22 .21 .20

Enter the amount from Form 1040A, line 28. Credit for child and dependent care expenses. Enter the smallerof line 9 or line 10 here and on Form 1040A, line 29.

10 11

10

11

( )

Schedule 2 (Form 1040A) 2006

Enter the total amount of dependent care benefits you receivedfor 2006. This amount should be shown in box 10 of your Form(s)W-2. Do not include amounts that were reported to you as wagesin box 1 of Form(s) W-2.

Part III 12

12

Enter the amount, if any, you forfeited or carried forward to 2007. Seethe instructions. Combine lines 12 through 14. See the instructions.

14 14

15 Enter the total amount of qualified expensesincurred in 2006 for the care of the qualifyingperson(s).

15 16

Enter the smaller of line 15 or 16.

16

17

Enter your earned income. See the instructions.

17

18 Enter the amount shown below that applies toyou.

18 19

19

20 Excluded benefits. Enter here the smaller of the following:

● The amount from line 20, or

20

● $5,000 ($2,500 if married filing separately and you were required toenter your spouse’s earned income on line 19).

21

Taxable benefits. Subtract line 21 from line 15. Also, include thisamount on Form 1040A, line 7. In the space to the left of line 7, enter“DCB.”

21

Dependentcare benefits

22

22

Enter the smallest of line 17, 18, or 19.

23

24 25

26

To claim the child and dependent carecredit, complete lines 23–27 below.

Enter $3,000 ($6,000 if two or more qualifying persons). Enter the amount from line 21. Subtract line 24 from line 23. If zero or less, stop. You cannot takethe credit. Exception. If you paid 2005 expenses in 2006, see theinstructions for line 9. Complete line 2 on the front of this schedule. Do not include incolumn (c) any benefits shown on line 21 above. Then, add theamounts in column (c) and enter the total here.

23

24

25

26

27 Enter the smaller of line 25 or 26. Also, enter this amount on line 3on the front of this schedule and complete lines 4–11.

27

Page 2

Schedule 2 (Form 1040A) 2006

● If married filing jointly, enter your spouse’searned income (if your spouse was astudent or was disabled, see theinstructions for line 5). ● If married filing separately, see theinstructions for the amount to enter. ● All others, enter the amount from line 18.

Enter the amount, if any, you carried over from 2005 and used in 2006during the grace period. See the instructions.

13 13



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INSTRUCTIONS TO PRINTERS FORM 1040, PAGE 1 of 2 MARGINS: TOP 13 mm (1⁄ 2”), CENTER SIDES. PRINTS: HEAD to HEAD PAPER: WHITE WRITING, SUB. 20. INK: BLACK FLAT SIZE: 203 mm (8”) 3 279 mm (11”) PERFORATE: (NONE)

Department of the Treasury—Internal Revenue Service 1040 U.S. Individual Income Tax Return OMB No. 1545-0074 For the year Jan. 1–Dec. 31, 2007, or other tax year beginning , 2007, ending , 20

Last name Your first name and initial Your social security number

(Seeinstructionson page 12.)

LABEL

HERE

Last name Spouse’s social security number If a joint return, spouse’s first name and initial

Use the IRSlabel.Otherwise,please printor type.

Home address (number and street). If you have a P.O. box, see page 12. Apt. no.

City, town or post office, state, and ZIP code. If you have a foreign address, see page 12.

PresidentialElection Campaign ©

1 Single

Filing Status

Married filing jointly (even if only one had income)

2 Check onlyone box.

3 Qualifying widow(er) with dependent child (see page 14) 6a Yourself. If someone can claim you as a dependent, do not check box 6a

Exemptions

Spouse

b (4) if qualifyingchild for child tax

credit (see page 15)

Dependents:

c (2) Dependent’ssocial security number

(3) Dependent’srelationship to

you

(1) First name Last name

If more than fourdependents, seepage 15.

d

Total number of exemptions claimed 7

Wages, salaries, tips, etc. Attach Form(s) W-2

7 8a

8a

Taxable interest. Attach Schedule B if required

Income 8b

b

Tax-exempt interest. Do not include on line 8a

Attach Form(s)W-2 here. Alsoattach FormsW-2G and1099-R if taxwas withheld.

9a

9a

Ordinary dividends. Attach Schedule B if required

10

10

Taxable refunds, credits, or offsets of state and local income taxes (see page 20) 11

11

Alimony received 12

12

Business income or (loss). Attach Schedule C or C-EZ

Enclose, but donot attach, anypayment. Also,please useForm 1040-V.

13

13

Capital gain or (loss). Attach Schedule D if required. If not required, check here ©

14

14

Other gains or (losses). Attach Form 4797 15a

15b

IRA distributions

b

Taxable amount (see page 21)

15a 16b

16a

Pensions and annuities

b


16a 17

17

Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 18

18

Farm income or (loss). Attach Schedule F 19

19

Unemployment compensation 20b

20a

b


20a

Social security benefits 21

21 22

Add the amounts in the far right column for lines 7 through 21. This is your total income ©

22

25

IRA deduction (see page 27)

23

27

33

One-half of self-employment tax. Attach Schedule SE

29

Self-employed health insurance deduction (see page 26)

34

30

26

Self-employed SEP, SIMPLE, and qualified plans

31a

27

Penalty on early withdrawal of savings

32

29

Alimony paid b Recipient’s SSN ©

36

Add lines 23 through 31a and 32 through 35

28

Subtract line 36 from line 22. This is your adjusted gross income ©

30

AdjustedGrossIncome

37

If you did notget a W-2,see page 19.

Form

Married filing separately. Enter spouse’s SSN aboveand full name here. ©

Cat. No. 11320B

%

Label

Form 1040 (2007)

IRS Use Only—Do not write or staple in this space.

Head of household (with qualifying person). (See page 13.) Ifthe qualifying person is a child but not your dependent, enterthis child’s name here. ©

Other income. List type and amount (see page 24)

Moving expenses. Attach Form 3903

32

26

Separation 2 of 2: Pantone 3005 Blue.

For Disclosure, Privacy Act, and Paperwork Reduction Act Notice, see page 83.

Boxes checkedon 6a and 6b No. of childrenon 6c who:

Dependents on 6cnot entered above Add numbers onlines above ©

● lived with you ● did not live with

you due to divorceor separation(see page 16)

31a

34

Student loan interest deduction (see page 30)

33

36

Separation 1 of 2: Black

Checking a box below will notchange your tax or refund. Check here if you, or your spouse if filing jointly, want $3 to go to this fund (see page 12) © Spouse You

Tuition and fees deduction. Attach Form 8917

37

4

5

23

Educator expenses (see page 26)

9b

b

Qualified dividends (see page 19)

24

Certain business expenses of reservists, performing artists, and fee-basis government officials. Attach Form 2106 or 2106-EZ

24 25

Health savings account deduction. Attach Form 8889

28

35

Domestic production activities deduction. Attach Form 8903

35

¶

¶

You must enteryour SSN(s) above.

2007

Self-employment tax. Attach Schedule SE

Married filingjointly orQualifyingwidow(er),$10,700 Head ofhousehold, $7,850



Separation 2 of 2: Pantone 3005 Blue.

Itemized deductions (from Schedule A) or your standard deduction (see left margin)

Add lines 64, 65, 66a, and 67 through 71. These are your total payments ©

INSTRUCTIONS TO PRINTERSFORM 1040, PAGE 2 of 2MARGINS: TOP 13 mm (1⁄ 2”), CENTER SIDES. PRINTS: HEAD to HEADPAPER: WHITE WRITING, SUB. 20. INK: BLACKFLAT SIZE: 203 mm (8”) 3 279 mm (11”)PERFORATE: (NONE)

Page 2 Form 1040 (2007)

Amount from line 37 (adjusted gross income)

38 38

Checkif:

39a

TaxandCredits

39a

Single orMarried filingseparately,$5,350

If your spouse itemizes on a separate return or you were a dual-status alien, see page 31 and check here ©

b 39b

40 40 41 Subtract line 40 from line 38

41

42 If line 38 is $117,300 or less, multiply $3,400 by the total number of exemptions claimed on line 6d. If line 38 is over $117,300, see the worksheet on page 33

42

43 Taxable income. Subtract line 42 from line 41. If line 42 is more than line 41, enter -0-

43 44 44

49

53

Education credits. Attach Form 8863

48

47

56 57

Add lines 47 through 55. These are your total credits Subtract line 56 from line 46. If line 56 is more than line 46, enter -0- ©

56 57

OtherTaxes

58

73

Unreported social security and Medicare tax from: 60 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 if required

59

61

Add lines 57 through 62. This is your total tax ©

62 62

Federal income tax withheld from Forms W-2 and 1099

64 64 65 2007 estimated tax payments and amount applied from 2006 return

65

Payments

66a

69 Amount paid with request for extension to file (see page 59)

68

67 Excess social security and tier 1 RRTA tax withheld (see page 59)

69

72

Payments from:

70

74a 74a

75 75

If line 72 is more than line 63, subtract line 63 from line 72. This is the amount you overpaid

76 76

Amount of line 73 you want refunded to you. If Form 8888 is attached, check here ©

Refund

77

Amount of line 73 you want applied to your 2008 estimated tax ©

Estimated tax penalty (see page 61)

Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge andbelief, they are true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

77

You were born before January 2, 1943,

Blind. Spouse was born before January 2, 1943,

Blind.

a

Form 2439

b

Form 4136

60

Household employment taxes. Attach Schedule H

61

70

AmountYou Owe

SignHere

Date Your signature

Keep a copyfor yourrecords.

Date Spouse’s signature. If a joint return, both must sign.

Preparer’s SSN or PTIN Date Preparer’ssignature

Check ifself-employed

PaidPreparer’sUse Only

Firm’s name (oryours if self-employed),address, and ZIP code

EIN

Phone no.

© ©

©

Your occupation

Tax (see page 33). Check if any tax is from:

Amount you owe. Subtract line 72 from line 63. For details on how to pay, see page 60 ©

b

Direct deposit?See page 59and fill in 74b,74c, and 74d,or Form 8888.

Routing number Account number

c

Checking

Savings

a

Form(s) 8814

Form 4972

b d

©

©

72

54

Retirement savings contributions credit. Attach Form 8880

58 59

Advance earned income credit payments from Form(s) W-2, box 9

73

©

Child tax credit (see page 39). Attach Form 8901 if required

Credits from:

52

Additional child tax credit. Attach Form 8812

67 68

StandardDeductionfor—

Joint return?See page 13.

Daytime phone number ( )

Separation 1 of 2: Black

Earned income credit (EIC)

Credit for the elderly or the disabled. Attach Schedule R

45 46

Alternative minimum tax (see page 36). Attach Form 6251 Add lines 44 and 45 ©

Credit for child and dependent care expenses. Attach Form 2441

50

If you have aqualifyingchild, attachSchedule EIC.

45 46

66a

Spouse’s occupation

( )

Form 1040 (2007)

● People whochecked anybox on line39a or 39b orwho can beclaimed as adependent,see page 31. ● All others:

Designee’sname

©

Do you want to allow another person to discuss this return with the IRS (see page 61)? Third Party

Designee

Phoneno.

©

( )

Yes. Complete the following. No

Personal identificationnumber (PIN)

©

55

Foreign tax credit. Attach Form 1116 if required

55

a

Form 8396

b

Form 8859

51

Residential energy credits. Attach Form 5695

63 63

Type:

c

Form 8885

Total boxeschecked ©

$ %

51

49

53

48

47

54

52

50

66b Nontaxable combat pay election ©

b

c

Form 8839

Other credits:

a

Form 3800

b

Form 8801

c

Form

71 Refundable credit for prior year minimum tax from Form 8801, line 27

71

c

Form(s) 8889

a

Form 4137

b

Form 8919

3I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING


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Reduction of Tax Attributes Due to Discharge ofIndebtedness (and Section 1082 Basis Adjustment)

Form 982 OMB No. 1545-0046(Rev. January 2006)

Department of the TreasuryInternal Revenue Service

� Attach this form to your income tax return.

Identifying numberName shown on return

General Information (see instructions)

1 Amount excluded is due to (check applicable box(es)):Discharge of indebtedness in a title 11 caseaDischarge of indebtedness to the extent insolvent (not in a title 11 case)bDischarge of qualified farm indebtednessc

22 Total amount of discharged indebtedness excluded from gross incomeDo you elect to treat all real property described in section 1221(a)(1), relating to property held for sale tocustomers in the ordinary course of a trade or business, as if it were depreciable property? NoYes

Reduction of Tax Attributes. You must attach a description of any transactions resulting in the reduction in basis under section1017. See Regulations sections 1.1017-1 and 1.1017-1T for basis reduction ordering rules, and, if applicable, required partnershipconsent statements. (For additional information, see the instructions for Part II.)

Enter amount excluded from gross income:

That you elect under section 108(b)(5) to apply first to reduce the basis (under section 1017) ofdepreciable property

55

Applied to reduce any net operating loss that occurred in the tax year of the discharge or carriedover to the tax year of the discharge

66

Applied to reduce any general business credit carryover to or from the tax year of the discharge7 7

8

Applied to reduce any net capital loss for the tax year of the discharge including any capital losscarryovers to the tax year of the discharge

8

99

10

11a

b 11b

c Other property used or held for use in a trade or business, or for the production of income 11c

Applied to reduce any foreign tax credit carryover to or from the tax year of the discharge

11

Consent of Corporation to Adjustment of Basis of its Property Under Section 1082(a)(2)

Under section 1081(b), the corporation named above has excluded $ from its gross incomefor the tax year beginning , and ending .Under that section, the corporation consents to have the basis of its property adjusted in accordance with the regulations prescribedunder section 1082(a)(2) in effect at the time of filing its income tax return for that year. The corporation is organized under the lawsof .

(State of incorporation)

Note. You must attach a description of the transactions resulting in the nonrecognition of gain under section 1081.

Form 982 (Rev. 1-2006)

For a discharge of qualified farm indebtedness, applied to reduce the basis of:

Applied to reduce the basis of nondepreciable and depreciable property if not reduced on line5. DO NOT use in the case of discharge of qualified farm indebtedness

Land used or held for use in a trade or business of farming

Part I

Part II

Part III

3

Cat. No. 17066E


Discharge of qualified real property business indebtedness

For a discharge of qualified real property business indebtedness, applied to reduce the basis ofdepreciable real property

Depreciable property used or held for use in a trade or business, or for the production of income, ifnot reduced on line 5

4

a

4

d

Applied to reduce any minimum tax credit as of the beginning of the tax year immediately afterthe tax year of the discharge

Applied to reduce any passive activity loss and credit carryovers from the tax year of the discharge

10

13

12

13

INSTRUCTIONS TO PRINTERSFORM 982, PAGE 1 of 4MARGINS: TOP 13 mm (1⁄2 "), CENTER SIDES. PRINTS; HEAD TO HEADPAPER: WHITE WRITING, SUB. 20 INK: BLACKFLAT SIZE: 216 mm (81⁄2 ") X 279 mm (11")PERFORATE: (NONE)

For Paperwork Reduction Act Notice, see page 3 of this form.

12

Discharge of certain indebtedness of a qualified individual by reason of Hurricane Katrinae

SCHEDULE D Capital Gains and Losses (Form 1120) © Attach to Form 1120, 1120-A, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-IC-DISC, 1120-L, 1120-ND,

1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-SF, or certain Forms 990-T. Department of the Treasury

Internal Revenue Service Name Employer identification number

Short-Term Capital Gains and Losses—Assets Held One Year or Less

(f) Gain or (loss)(Subtract (e) from (d))

(e) Cost or otherbasis (see

instructions)

(c) Date sold(mo., day, yr.)

(b) Date acquired(mo., day, yr.)

(a) Description of property(Example: 100 shares of Z Co.)

(d) Sales price(see instructions)

1

2 Short-term capital gain from installment sales from Form 6252, line 26 or 37

2

) (

3

Unused capital loss carryover (attach computation)

3

4

Net short-term capital gain or (loss). Combine lines 1 through 4

4

Long-Term Capital Gains and Losses—Assets Held More Than One Year

5

7 Enter gain from Form 4797, line 7 or 9

7

8 Long-term capital gain from installment sales from Form 6252, line 26 or 37

8

11 Net long-term capital gain or (loss). Combine lines 6 through 10

9

Summary of Parts I and II

12 Enter excess of net short-term capital gain (line 5) over net long-term capital loss (line 11)

12

13 Net capital gain. Enter excess of net long-term capital gain (line 11) over net short-term capitalloss (line 5)

13

14 Add lines 12 and 13. Enter here and on Form 1120, page 1, line 8, or the proper line on otherreturns

14

Schedule D (Form 1120) (2006) For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Forms 1120 and 1120-A.

Cat. No. 11460M

Short-term gain or (loss) from like-kind exchanges from Form 8824

5

6

Long-term gain or (loss) from like-kind exchanges from Form 8824

9

11

Part I

Part II

Part III

Note. If losses exceed gains, see Capital losses in the instructions.

10 Capital gain distributions (see instructions)

10

© See separate instructions.

OMB No. 1545-0123

2006

TCF NATIONAL BANK801 MARQUETTE AVEMINNEAPOLIS MN 55402

123456789012 1 2 99JOHN Q CUSTOMER123 MAIN STANYTOWN USA 54321-1234

Page 1 .STATEMENT DATE

05-25-05 .

1234567890 .3 .

YOU MAY DIRECT QUESTIONS ABOUT YOURDEPOSIT ACCOUNT (INCLUDING QUESTIONSABOUT DIRECT DEPOSIT OF FUNDS) TO THEBANK AT THE ABOVE ADDRESS OR YOU MAYCALL THE TELEPHONE NUMBER SHOWN AT THEBOTTOM OF YOUR STATEMENT. SEE THEREVERSE SIDE IF YOU WANT TO REPORTDISCREPENCIES ON YOUR DEPOSIT ACCOUNT.

GIVE FRIENDS AND FAMILY WHATEVER THEY WANT WITH A TCF VISA(R) GIFT CARD. TCF VISA GIFT CARDS AREAVAILABLE AT ANY TCF BRANCH. THERE IS NO PURCHASE FEE FOR TCF CUSTOMERS. CERTAIN FEES,LIMITATIONS, AND CONDITIONS APPLY. SEE A TCF REPRESENTATIVE FOR DETAILS.

TOTALLY FREE CHECKING STATEMENT PERIOD 04-26-05 THROUGH 05-25-05ACCOUNT NUMBER 1234567890ACCOUNT SUMMARY BALANCE 04-26-05 CHECKS/WITHDRAWALS DEPOSITS/ADDITIONS BALANCE 05-25-05 1234.56 500.00 .00 734.56

CHECKS PAIDCHECK DATE REF | CHECK DATE REF | CHECK DATE REFNUMBER AMOUNT PAID NUMBER | NUMBER AMOUNT PAID NUMBER | NUMBER AMOUNT PAID NUMBER 1012 100.00 0429 12398712 | 1013 200.00 0505 98712398 | 1014 200.00 0515 10020030

FOR BALANCE, CHECKS PAID, FUNDS TRANSFER AND DEPOSIT VERIFICATION, VISIT US ONLINE AT TCFEXPRESS.COM, OR CALLTCF'S AUTOMATED PHONE SERVICE, 612-341-0206. IF YOU ARE CALLING FROM AN AREA CODE OTHER THAN 612, 651, 763, OR952 CALL 1-800-688-4823. FOR OTHER CUSTOMER SERVICE CALL 612-TCF-BANK (612-823-2265). TDD 612-339-3075.

NSF\OVERDRAFT FEE IS $33.

www.tcfexpress.com

x 1234567890 .

04/29/2005 1012 100.00 05/05/2005 1013 200.00

05/15/2005 1014 200.00

Total Additions (+)Subtotal

CK # AMOUNT CK # AMOUNT CK # AMOUNT CK # AMOUNT

Total Subtractions (-)This adjusted statement balance shouldagree with your check register balance:

IF YOUR CHECKBOOK BALANCE AND ADJUSTED STATEMENT BALANCE DO NOT AGREE:

IN CASE OF ERRORS OR QUESTIONS ABOUT YOUR STATEMENTIf you think your statement or receipt is wrong or if you need more information about a transaction on your statement or receipt, telephone us or write us at the phone number or address shownon the front of this statement as soon as possible.Give us the following information: 1. Your name and account number; 2. The dollar amount of the suspected error; 3. Describe the error or the transfer you are unsure about, and explain asclearly as you can why you believe there is an error or why you need more information. If you need more information, describe the item you are not sure about.Unless your request for information or report of suspected error concerns an electronic transfer, an overdraft credit transaction, or a Credit Card Purchase Transaction, we must hear from you nolater than 30 days after we send you the FIRST statement on which the suspected problem or error appears. (See below for special rules for electronic transfers, overdraft credit transactions, andCredit Card Purchase Transactions.)We will investigate your request and will correct any error promptly.Right to Stop Payment on Preauthorized Payments and Procedure for Doing So:If you have arranged to have direct deposits made to your checking or savings account at least once every 60 days from the same person or company, you can call us at the phone numbershown on the front side of this statement to find out whether or not the deposit was made.If you instructed us in advance to make regular payments out of your checking or savings account, you can stop any of these payments. Call us at the telephone number or write us at the addressshown on the front of this statement in time for us to receive your request three Business Days before the payment is scheduled to be made. If you call, we may also require you to put yourrequest in writing and get it to us within 14 days after you call. We will charge you a fee for each stop payment order you give. (Refer to our current Services and Prices brochure for details.)Special Rules in Case of Errors or Questions About Electronic Transfer Transactions Involving Your Checking or Savings Account:We must hear from you no later than 60 days after we send you the FIRST statement on which the suspected problem or error appears. If we take more than 10 business days (20 business daysfor an electronic funds transaction to or from the account within 30 days after the first deposit to the account) to investigate and correct a suspected error and you have given us a writtenconfirmation of your complaint within 10 business days of an oral notice of suspected error, we will re-credit your account for the amount you think is in error so that you will have use of the moneyduring the time it takes us to complete our investigation.Special Rules for Overdraft Credit Lines and Credit Card Purchase Transactions - Your Rights and Our Responsibilities After We Receive Your Written Notice:We must hear from you no later than 60 days after we send you the FIRST statement on which the error or problem appears. You can telephone us, but doing so will not preserve your rights. Wemust acknowledge your letter within 30 days, unless we have corrected the error by then. Within 90 days, we must either correct the error or explain why we believe the statement was correct.After we receive your letter, we cannot try to collect any amount you question, or report you as delinquent. We can continue to bill you for the amount you question, including finance charges, andwe can apply any unpaid amount against your credit limit. You do not have to pay any questioned amount while we are investigating, but you are still obligated to pay the parts of your statementthat are not in question.If we find that we made a mistake on your statement, you will not have to pay any finance charges related to any questioned amount. If we did not make a mistake, you may have to pay financecharges, and you will have to make up any missed payments on the questioned amount. In either case, we will send you a statement of the amount you owe and the date that it is due.If you fail to pay the amount that we think you owe, we may report you as delinquent. However, if our explanation does not satisfy you and you write to us within ten days telling us that you stillrefuse to pay, we must tell anyone we report you to that you have a question about your statement. And, we must tell you the name of anyone we reported you to. We must tell anyone we reportyou to that the matter has been settled between us when it finally is. If we don’t follow these rules, we can’t collect the first $50 of the questioned amount, even if your statement was correct.This notice contains important information about your rights and our responsibilities under the Fair Credit Billing Act. Keep this notice for future use.Special Rules for Charges by Credit Card Purchase Transactions or to Your Overdraft Line of Credit Using Your Debit Card:If you have a problem with the quality of goods or services that you purchased with your credit card, or with your debit card, which creates a Loan on your Overdraft Line of Credit, and you havetried in good faith to correct the problem with the merchant, you may not have to pay the remaining amount due on the goods or services. You have this protection only when the purchase pricewas more than $50 and the purchase was made in your home state or within 100 miles of your mailing address. (If we own or operate the merchant, or if we mailed you the advertisement for theproperty or services, all purchases are covered regardless of amount or location of purchase.)

OVERDRAFT CREDIT INFORMATIONWe figure the Finance Charge on your Overdraft Protection Account for each day of the monthly billing cycle by multiplying the Daily Periodic Rate in effect for that day times the Principal Balancefor your Overdraft Protection Account as of the end of that day. The Principal Balance of your Overdraft Protection Account for each day is figured by taking the Principal Balance of your OverdraftProtection Account at the beginning of each day, adding any new Loan Advances and any Other Charges we have added to your Principal Balance that day, and any reduction in your PrincipalBalance due to the application of subtracting any payments or credits to your Overdraft Protection Account that occurred that day. The Daily Periodic Rate for each day is figured by dividing theAnnual Percentage Rate by 365 (or 366, in any leap year). We figure the Finance Charge for the monthly billing cycle by adding the Finance Charges for each day in the monthly billing cycle. Notime period exists within which any credit extended may be repaid without incurring a Finance Charge.All or part of your new balance may be prepaid at any time without penalty. We will compute the total amount charged to your account during the year. Upon request, we will furnish thisinformation to you within 30 days after the end of the year or, if your account is terminated during the year, within 30 days after termination.

Member FDIC

HOW TO BALANCE YOUR CHECKBOOK1. Check off in your check register each transaction shown on the front of this statement.2. ENTER your ending balance from the front of your statement on this line:3. ADD any deposits or additions not shown on the statement including ATM deposits:

4. SUBTRACT any checks written or withdrawals made that are not shown on thisstatement including bill payment withdrawals, automatic withdrawals, ATMwithdrawals, check printing charges, service fees, check card transactions, etc.:

1. Verify that all differences were corrected from your last month’s statement.2. Check additions and subtractions in your checkbook.3. Make sure that you listed all of your outstanding checks and deposits.4. Make sure that all electronic transfers, automatic deposits or withdrawals, interest deposits,

and all automatic, bill payment and ATM activities and other transactions are recorded.

5. Compare the amount of each check and deposit withthe amount recorded on this statement and in yourcheckbook.

6. Call us if you have a problem balancing your account.

11/15/04 XO66 Rev. 09/30/04

Urgent & Confidential Loan Number: 011-12-1234 Page 15

Borrower's Name Co-Borrower's Name

Social Security # Home Phone # Work Phone # Social Security # Home Phone # Work Phone #

Mailing Address Property Address

Do you occupy the property? Is it a rental? If so, what is the monthly rental Is the property listed for sale? If so, with whom?

Yes No Yes No income? Yes No

Real Estate Agent's Name: Have you contacted a credit counseling service for help? If yes, name of company

Real Estate Agent's Phone: Yes No

Do you pay Real Estate Taxes? (Outside of mortgage Are the taxes current? Credit Counselor Name:

payments) Yes No Yes No Credit Counselor Phone:Have you filed bankruptcy? If yes, which ? Filing Date Attorney's Name: Are there other liens on

Yes No Chptr 7 Chptr 13 Attorney's Phone: the property? Yes No

Borrower's Employer How Long? Co-Borrower Employer How Long?

Wages $ Wages $

Unemployment Income $ Unemployment Income $

Child Support / Alimony* $ Child Support / Alimony* $

Disability Income $ Disability Income $

Rental Income $ Rental Income $

Other $ Other $

Less: Federal & State Tax, FICA $ Less: Federal & State Tax, FICA $

Less: Other Deductions (401K, etc.) $ Less: Other Deductions (401K, etc.) $

Total $ Total $

Other Mortgages / Liens/Rents $

Auto Loan(s) $ Checking Account(s) $ / $

Auto Expenses / Insurance $ Savings / Money Market $ / $

Credit Cards / Installment Loan(s) $ Stocks / Bonds / CDs $ / $

Health Insurance $ IRA / Keogh Accounts $ / $

Medical $ 401k / ESOP Accounts $ / $

Child Care/Support/Alimony $ Home $ / $

Food / Spending Money $ Other Real Estate How Many? $ / $

Water/Sewer/Utilities/Phone $ Cars How Many? $ / $

Other $ Other $ / $

Total $ Total $ / $

* Notice: Alimony, child support, or separate maintenance income need not be revealed if the Borrower or Co-Borrower does not choose to have it considered for repaying this loan.

I agree as follows: My lender may discuss, obtain and share information about my mortgage and financial situation with ACME REALTY, JOHN DOE, AND THEIR REPRESENTATIVES TO HELP WITH THE NEGOTIATION OF A SHORT SALENegotiations for a possible foreclosure alternative will not constitute a waiver of or defense to my lender's right to commence or continue any foreclosure or other collection action, and an alternative to foreclosure will be provided only if an agreement has been approved in writing by my lender. The information contained herein is an accurate statement of my financial status.

Submitted this __________ day of ______________________, 20______.

Signed by:___________________________________________Signed by:_________________________________________

Type Estimated Value/Amount Owed

Borrower Co-Borrower

Monthly Income - Co-BorrowerMonthly Income - Borrower

Borrower Financial Statement

Monthly Expenses (Combined) Assets & Liabilities (Combined)

Borrower Co-Borrower

Employment


Section 6: Property Repair &

Improvement Report w/ pictures


FRONT VIEW FROM DIRECT FRONT

FRONT VIEW FROM RIGHT SIDE - STREET

FRONT VIEW FROM LEFT SIDE - STREET

LEFT SIDE VIEW FROM STREET

RIGHT SIDE VIEW FROM STREET FOCUSED ROOF VIEW FROM STREET

PICTURE INSPECTION TEMPLATE

Property Address: Date of Inspection:


REAR VIEW FROM DIRECT REAR

REARVIEW FROM RIGHT SIDE - YARD

REAR VIEW FROM LEFT SIDE - YARD

LEFT SIDE VIEW FROM BACKYARD

RIGHT SIDE VIEW FROM BACKYARD FOCUSED ROOF VIEW FROM BACKYARD




AC COMPRESSOR UNIT (if any) GARAGE / CARPORT (if any)

POOL VIEW FROM LEFT (if any) POOL VIEW FROM RIGHT (if any)




AIR HANDLER

KITCHEN FROM LEFT VIEW

POWER PANEL

KITCHEN FROM RIGHT VIEW

WATER HEATER



MISCELLANEOUS ITEM IN NEED OF REPAIR


BEDROOM 1 FROM DOOR BEDROOM 2 FROM DOOR

BEDROOM 3 FROM DOOR BEDROOM 4 FROM DOOR



MISCELLANEOUS ITEM IN NEED OF REPAIR MISCELLANEOUS ITEM IN NEED OF REPAIR


BATHROOM 2 FROM DOOR BATHROOM 1 FROM DOOR

BATHROOM 3 FROM DOOR

ITEM IN NEED OF REPAIR










ITEM IN NEED OF REPAIR ITEM IN NEED OF REPAIR




Sales and Service Quote

THANK YOU FOR YOUR BUSINESS!

QUOTE NO. 2011

DATE CUSTOMER ID

TO SHIP TO

SALESPERSON JOB SHIPPING METHOD

SHIPPING TERMS

DELIVERY DATE

PAYMENT TERMS DUE DATE

BJ NA Due on receipt NA

QTY DESCRIPTION UNIT PRICE DISCOUNT LINE TOTAL

1.00 Electrical Upgrade From Copper (CODE) $ 975.00 $ 975.00

7.00 Electrical Install of GFI in Kitchen and Baths (CODE) 75.00 525.00

1.00 HVAC Coil Clean and Duct Cleaning 450.00 450.00

6.00 Replace Interior Doors (As Necessary) w/ Hardware 215.00 1,290.00

1.00 Replace Kitchen Cabinets w/ New 4,213.00 4,213.00

1.00 Install Granite Countertop w/ Backsplash 2,625.00 2,625.00

1.00 Install Cermaic Tile in Living Areas 4,825.00 4,825.00

3.00 Install Carpet in Bedrooms 350.00 1,050.00

1.00 Install Baseboard Throughout 1,450.00 1,450.00

2.00 Install New Bathtub/Shower (Combo Set) / Hardware 450.00 900.00

2.00 Install New Vanity w/ Hardware 300.00 600.00

2.00 Install New Toilet 250.00 500.00

2.00 Replace Wall Tile in Both Baths 850.00 1,700.00

7.00 Replace Lighting Fixtures Throughout 85.00 595.00

1.00 Interior Painting (Prime) 1,750.00 1,750.00

TOTAL DISCOUNT

SUBTOTAL $ 23,448.00

SALES TAX

TOTAL $ 23,448.00


THANK YOU FOR YOUR BUSINESS!

SALESPERSON JOB SHIPPING METHOD

SHIPPING TERMS

DELIVERY DATE

PAYMENT TERMS DUE DATE

BJ NA Due on receipt NA

QTY DESCRIPTION UNIT PRICE DISCOUNT LINE TOTAL

1.00 Termite Tenting $ 1,175.00 $ 1,175.00

1.00 Roof Replacement - Install new S-Tile 18,755.00 18,755.00

1.00 Roof Decking and Facia Replacement 2,180.00 2,180.00

14.00 Replace Exterior Windows (Install New) 300.00 4,200.00

2.00 Replace Exterior Sliding Glass Doors (Install New) 485.00 970.00

1.00 Install New Front Door 415.00 415.00

1.00 Fence Repairs and Replacement (Where Necessary) 1,190.00 1,190.00

1.00 New Sprinkler System with Well Pump 975.00 975.00

1.00 Install New Sod (Classic) 1,600.00 1,600.00

1.00 Tree and Shrub Planting and Replacement 800.00 800.00

1.00 Exterior Painting (Body and Trim) (Wash & Prime) 1,900.00 1,900.00

1.00 Paint Fencing (Wash & Prime) 350.00 350.00

1.00 Seal Coat Driveway 415.00 415.00

1.00 Install New Pool Pump 375.00 375.00

1.00 Acid Wash Pool and Re-Marcite 3,450.00 3,450.00

1.00 Spray-Deck Pool Area 2,200.00 2,200.00

TOTAL DISCOUNT

SUBTOTAL $ 40,950.00

SALES TAX

TOTAL $ 40,950.00

QUOTE NO. 2011

DATE CUSTOMER ID

TO SHIP TO

Sales and Service Quote


Section 7: Municipal & Governmental Impact Report



Insert Copies of the following: 1. Code Violations 2. Fines 3. Hearing Information regarding the maintenance of the property 4. Evidence of lawsuits the City is filing against lenders 5. Evidence of pending litigation or changes in the law 6. Insert Tenant / Landlord provisions if it helps your case 7. Evidence of the town / city’s enforcement of fines against other banks


Section 8: Latent Material Defect Report



Latent Material Defect

A Latent Material Defect is a defect that could be possibly harmful or dangerous to a new owner that may not be readily shown during a cursory review or inspection of the subject property.

“Latent” is defined by Webster’s as “not visible or apparent although present.” It would appear evident (obvious), therefore, that any latent defect is by definition neither obvious nor “readily observable.” If it is not readily observable, the buyer is not obligated to go looking for it.

A Buyer of residential real estate can maintain a cause of action for nondisclosure of latent defects and is not required to prove a false statement by the Seller in order to recover. The Seller now has an affirmative obligation to disclose known material defects.

Since a buyer has no duty to find a latent defect, but only one that is “readily observable,” a nondisclosing Seller may not defend on the basis that a “reasonably diligent” inspection would have disclosed the material defect

This means that the eventual owner of the property being foreclosed upon, the bank included, would have to inform the new buyer of facts materially affecting the value of the property which are not readily observable and are not known to the Buyer, the Seller is under a duty to disclose them to the buyer.

So...we make sure we get as much info on the property...from criminal reports to sex offenders to road widening plans..anything that would adversely affect the value of the property and that the bank would have to disclose. FYI..an As-Is contract would not cover or protect the bank from not disclosing latent material defects.

Call us or email us at [email protected] for more information on this VERY important section.

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PLEASE NOTE: Sometimes the system will be unable to determine the exact location of the address you entered. If the system is unable to identify the exact location, it will create a map and identify offender/predator addresses around the center of your zip code. If none of the offenders or predators returned in the results are located near the address you entered, try increasing the radius of your search (2, 3, 4, or 5 miles) to look at a larger area of your city or town.

Search Details

Address Searched 5751 NE 19th Ave Fort Lauderdale , FL 33308-2416

Radius 1.0 Mile

Offenders/Predators found 20

MAPPING CERTAINTY = HIGH The physical location of this address could be determined with a high degree of certainty. The system has physically located the address entered and has determined the location of the address is

on a known street

or has been estimated based on other know locations on that street.

PROXIMITY PICTURE NAME STATUS ADDRESS ADDRESS SOURCE INFORMATION

0.0 Mile

Nelson, Nicholas VIEW FLYER

Released

5740 NE 19 AV FT LAUDERDALE FL 33308 - 2417 Show Map

Source: Registration Received: 7/21/2007 6:01:09 AM Type of Address: Permanent

0.2 Mile SE

Hoover, Ronald E. VIEW FLYER

Released

2001 NE 56th St Apt 3 Ft Lauderdale FL 33308 - 2599 Show Map

Source: Re-Registration Received: 1/12/2007 8:16:45 AM Type of Address: Permanent

5911 NE 18TH AVE APT 2 Source: Dept. of Highway Safety and

Page 1 of 7FDLE Florida Sexual Offenders and Predators

11/6/2007http://offender.fdle.state.fl.us/offender/searchNeighborhood.do

0.2 Mile NW

Shanley, William VIEW FLYER

Released

FORT LAUDERDALE FL 33334 - 5964 Show Map

Motor Vehicle Received: 3/10/2007 6:00:51 AM Type of Address: Permanent

0.2 Mile SW

Giorgetti, Victor J. VIEW FLYER

Released



0.2 Mile SW

Thomas, Edward VIEW FLYER

Supervision

1711 NE 56TH ST APT 5 FORT LAUDERDALE FL 33334 - 5862 Show Map

Source: Dept. of Highway Safety and Motor Vehicle Received: 2/28/2006 Type of Address: Permanent

0.3 Mile SW

Silverman, Sean D. VIEW FLYER

Supervision


Source: Dept. of Corrections Received: 1/31/2005 Type of Address: Permanent

0.3 Mile SW

Thomas, Anthony R. VIEW FLYER

Released



0.3 Mile SW

BURNS, TERRY D. VIEW FLYER

Released



0.5 Mile SE

Giambrone, Gregory P. VIEW FLYER

Released

2125 NE 54th St Ft Lauderdale FL 33308 - 3144 Show Map


0.6 Mile NW

Campbell, Jeremy J. VIEW FLYER

Supervision

1448 NE 62ND ST FORT LAUDERDALE FL 33334 - 5120 Show Map


0.6 Mile N

Defour, Martin N. VIEW FLYER

Released

6430 NE 18th Ave Apt 6 Ft Lauderdale FL 33334 - 5155 Show Map




0.6 Mile SE

Lucious, Gary L. VIEW FLYER

Released

2061 NE 51ST CT FORT LAUDERDALE FL 33308 - 3722 Show Map

Source: Registration Received: 7/12/2001 Type of Address: Permanent

0.6 Mile SE

GOWEN, KLINE A. VIEW FLYER

Released

5420 NE 22 TERR APT 27 FORT LAUDERDALE FL 33309 Show Map


0.6 Mile S

Wells, Kevin M. VIEW FLYER

Released

1931 NE 51ST ST APT 6 FORT LAUDERDALE FL 33308 - 3735 Show Map


0.6 Mile S

FREEMAN, DOUGLAS M. VIEW FLYER

Released

1941 NE 51st St Apt 38 Fort Lauderdale FL 33308 - 3734 Show Map


0.8 Mile SW

Mccoy, Timothy L. VIEW FLYER

Supervision

1350 NE 50TH CT APT 404 FORT LAUDERDALE FL 33334 - 4949 Show Map

Source: Dept. of Corrections Received: 9/12/2006 5:04:08 AM Type of Address: Permanent

0.8 Mile NW

JOLITZ, TIMOTHY R. VIEW FLYER

Supervision

430 SW 18TH ST POMPANO BEACH FL 33060 - 9030 Show Map


0.9 Mile N

DAVIES, ALEXANDER A. VIEW FLYER

Released

1499 SW 2ND AVE POMPANO BEACH FL 33060 - 8676 Show Map

Source: Dept. of Highway Safety and Motor Vehicle Received: 9/29/2007 6:01:24 AM Type of Address: Permanent

0.9 Mile W

PILIUS, NICHOLAS VIEW FLYER

Supervision

810 NE 58TH CT FORT LAUDERDALE FL 33334 - 3502 Show Map


1.0 Mile NW Jennings, Ray E.

Released 849 NE 63rd St Lot 140 Ft Lauderdale FL 33334 - 3699

Source: Registration Received: 9/15/2006 10:35:15 AM



A blue highlighted record indicates that new information is being added to the Sex Offender Database regarding this Sexual Offender(s)/Predator(s) and may affect his/her inclusion in your Neighborhood Search results. Please click the View Flyer link next to the record to view the most current information regarding this Sexual Offender(s)/Predator(s). .

Please review the following 24 Sexual Offender(s)/Predator(s) in BROWARD county which may or may not be located within your search parameters.

VIEW FLYER Show Map Type of Address: Permanent

PROXIMITY PICTURE NAME STATUS ADDRESS ADDRESS SOURCE INFORMATION

N/A

KATONA, CHRISTOPHER J. VIEW FLYER

County Incarceration

1450 SW 21TH TREE , FORT LAUDERDALE FL 33312


N/A

HAUSER, FREDRICK W. VIEW FLYER

Released TRANSIENT , UNKNOWN FL 00000

Source: Registration Received: 8/7/2007 2:14:39 PM Type of Address: Permanent

N/A

Saunders, Frederic P. VIEW FLYER

Released 717 NW 43 Court Sd S Frnt , Oakland Park FL 33309


N/A

Mccue, John P. VIEW FLYER

Released 1236 NW 15th Ave Apt 1 , Ft Lauderdale FL 33304


N/A

Calderon, Julio S. VIEW FLYER

Released 8071 SW 11TH STREET , PEMBROKE PINES FL 33025

Source: Florida Dept. of Law Enforcement Received: 4/26/2007 2:42:26 PM Type of Address: Permanent

N/A

Wilson, Robert T. VIEW FLYER

Released 208SW 11th St Apt N , Hallandale FL 33009




N/A

Berasain, Ernesto J. VIEW FLYER

Released 843 NW 81st Tr , Plantation FL 33324


N/A

FUQUA, JACQUE VIEW FLYER

Supervision 2942 NW 33RD WAY , LAUDERDALE LAKES FL 33311 - 1119

Source: Registration Received: 2/25/2005 Type of Address: Permanent

N/A

Digregorio, Michael VIEW FLYER

County Incarceration

555 SE IST AVENUE , BROWARD COUNTY JAIL FORT LAUDERDALE FL 33301

Source: Florida Dept. of Law Enforcement Received: 6/15/2007 8:26:33 AM Type of Address: Permanent

N/A

Cooper, Deven VIEW FLYER

Supervision

OAKLAND PK AND INTRACOAST , AL BRIDGE FORTLAUDERDAL FL 99999 - 9999


N/A

DOYLE, BRYAN C. (Predator) VIEW FLYER

Released

Transient , Nw 31st Avenue And Atlantic Blvd Fort Lauderdale FL 33311


N/A

OffenPhoto

HYER, RICHARD D. VIEW FLYER

Supervision ABSCONDED , Lauderhill FL 33313


N/A

FRAZIER, LONNIE D. VIEW FLYER


Source: Florida Dept. of Law Enforcement Received: 1/25/2006 Type of Address: Permanent

N/A

HERMAN, DENNIS VIEW FLYER

Reported Deceased

ABSCONDER , ABSCONDER FL 00000


N/A

MILNER, EDWARD M. VIEW FLYER

Supervision 415 SW 13TH TER , FORT LAUDERDALE FL 33312 - 7589




N/A

Higgins, Michael P. VIEW FLYER

Released TRANSIENT , WEST PALM BEACH FL 33401


N/A

WILSON, JAMES T. VIEW FLYER


Source: Florida Dept. of Law Enforcement Received: 7/11/2006 Type of Address: Permanent

N/A

Ulrich, Reymond R. VIEW FLYER

Supervision

OAKLAND PARK AND INTRACOSTAL , FORT LAUDEDALE FL 33301


N/A

LOEWY, JAY A. VIEW FLYER

Released TRANSIENT , HOLLYWOOD FL 33331

Source: Florida Dept. of Law Enforcement Received: 6/7/2007 2:39:05 PM Type of Address: Permanent

N/A

Vetter, Robert M. (Predator) VIEW FLYER

Reported Deceased

UNKOWN , Unknown FL 00000


N/A

Wallace, Demetrius (Predator) VIEW FLYER



N/A

Yount, Robert D. VIEW FLYER

Released

Macs Fish Cp , Macs Fish Camp Pembroke Pines FL 33332

Source: Re-Registration Received: 3/14/2007 1:24:51 PM Type of Address: Permanent

N/A

Aucoin, Edward J. VIEW FLYER



N/A Dacruz, Ragerio

Released DEPORTED TO BRAZIL5/29/97 , UNKNOWN

Source: Dept. of Corrections Received: 1/19/2006



VIEW FLYER FL 99999 Type of Address: Permanent




Section 9: Listing Agreement / MLS Listing / MLS History

Exclusive Brokerage Listing Agreement FLORIDA ASSOCIATION OF REALTORS®

1* This Exclusive Brokerage Listing Agreement(“Agreement”) is between 2* _________________________________________________________________________________________________ (“Seller”) and

3* ___________________________________________________________________________________________________ (“Broker”).

4 1. AUTHORITY TO SELL PROPERTY: Seller gives Broker the right to be the EXCLUSIVE BROKER in the sale of the real and 5* personal property (collectively “Property”) described below, at the price and terms described below, beginning the ______ day of 6* ___________________, _______, and terminating at 11:59 p.m. the ______ day of __________________, _______ (“Termination 7 Date”). Seller reserves the right to sell the Property directly to a buyer without the assistance of any real estate licensee and, if 8 successful, does not owe Broker a commission. Upon full execution of a contract for sale and purchase of the Property, all rights 9 and obligations of this Agreement will automatically extend through the date of the actual closing of the sales contract. Seller and 10 Broker acknowledge that this Agreement does not guarantee a sale. This Property will be offered to any person without regard 11 to race, color, religion, sex, handicap, familial status, national origin or any other factor protected by federal, state or local law. 12 Seller certifies and represents that he/she/it is legally entitled to convey the Property and all improvements.

13 2. DESCRIPTION OF PROPERTY: 14* (a) Real Property Street Address: ______________________________________________________________________________15* ___________________________________________________________________________________________________________16* Legal Description:___________________________________________________________________________________________17* ___________________________________________________________________________ ❏ See Attachment _______________18* (b) Personal Property, including appliances:_____________________________________________________________________19* ___________________________________________________________________________________________________________20* ___________________________________________________________________________ ❏ See Attachment _______________21* (c) Occupancy: Property ❏ is ❏ is not currently occupied by a tenant. If occupied, the lease term expires _______________.

22 3. PRICE AND TERMS: The property is offered for sale on the following terms, or on other terms acceptable to Seller:23* (a) Price: ____________________________ 24* (b) Financing Terms: ❏ Cash ❏ Conventional ❏ VA ❏ FHA ❏ Other _______________________________________________25* ❏ Seller Financing: Seller will hold a purchase money mortgage in the amount of $_________________________ with the 26* following terms: __________________________________________________________________________________________27* ❏ Assumption of Existing Mortgage: Buyer may assume existing mortgage for $____________________________ plus an28* assumption fee of $_________________________. The mortgage is for a term of _______ years beginning in ________, at29* an interest rate of ___________% ❏ fixed ❏ variable (describe) ___________________________________________________30* Lender approval of assumption ❏ is required ❏ is not required ❏ unknown. Notice to Seller: You may remain liable for an31 assumed mortgage for a number of years after the Property is sold. Check with your lender to determine the extent of32 your liability. Seller will ensure that all mortgage payments and required escrow deposits are current at the time of closing33 and will convey the escrow deposit to the buyer at closing.34* (c) Seller Expenses: Seller will pay mortgage discount or other closing costs not to exceed ___________% of the purchase 35 price; and any other expenses Seller agrees to pay in connection with a transaction.

36 4. BROKER OBLIGATIONS AND AUTHORITY: Broker agrees to make diligent and continued efforts to sell the Property until37 a sales contract is pending on the Property. Seller authorizes Broker to:38 (a) Advertise the Property as Broker deems advisable in newspapers, publications, or other media; place appropriate 39 transaction signs on the Property, including “For Sale” signs and “Sold” signs (once Seller signs a sales contract); and use40 Seller’s name in connection with marketing or advertising the Property;41 (b) Obtain information relating to the present mortgage(s) on the Property.42 (c) Place the Property in a multiple listing service (“MLS”). Seller authorizes Broker to report to the MLS this listing 43 information and price, terms and financing information on any resulting sale for use by authorized Board / Association44 members, MLS participants and subscribers; and45* (d) (Check if applicable) ❏ Use a lock box system to show and access the Property. A lock box does not ensure the 46 Property’s security; Seller is advised to secure or remove valuables. Seller agrees that the lock box is for Seller’s benefit and47 releases Broker, persons working through Broker and Broker’s local Realtor Board / Association from all liability and48* responsibility in connection with any loss that occurs. ❏ Withhold verbal offers. ❏ Withhold all offers once49 Seller accepts a contract for sale and purchase of the Property.

50* Seller (_____) (_____) and Broker/Sales Associate (_____) (_____) acknowledge receipt of a copy of this page, which is Page 1 of 3 Pages.

EBLA-4x Rev. 10/06 © 2006 Florida Association of REALTORS® All Rights Reserved

51 5. SELLER OBLIGATIONS: In consideration of Broker’s obligations, Seller agrees to:52 (a) Cooperate with Broker in carrying out the purpose of this Agreement, including referring immediately to Broker all53 inquiries from real estate licensees regarding the Property’s transfer, whether by purchase or any other means of transfer.54 (b) Provide Broker with keys to the Property and make the Property available for Broker to show during reasonable times.55 (c) Inform Broker prior to leasing, mortgaging or otherwise encumbering the Property, and immediately upon Seller56 entering into a sales contract with a buyer procured by Seller.57 (d) Indemnify Broker and hold Broker harmless from losses, damages, costs and expenses of any nature, including58 attorneys’ fees, and from liability to any person, that Broker incurs because of Seller’s negligence, representations,59 misrepresentations, actions, or inactions, the use of a lock box or the existence of undisclosed material facts. This clause will60 survive Broker’s performance and the transfer of title.61 (e) Perform any act reasonably necessary to comply with FIRPTA (Internal Revenue Code Section 1445).62 (f) Make all legally required disclosures, including all facts that materially affect the Property’s value and are not readily 63 observable or known by the buyer. Seller certifies and represents that Seller knows of no such material facts (local 64* government building code violations, unobservable defects, etc.) other than the following: ______________________________65* ___________________________________________________________________________________________________________66 Seller will immediately inform Broker of any material facts that arise after signing this Agreement.67 (g) Consult appropriate professionals for related legal, tax, property condition, environmental, foreign reporting requirements68 and other specialized advice.

69 6. COMPENSATION: Seller will compensate Broker as specified below for procuring a buyer who is ready, willing and able to70 purchase the Property or any interest in the Property on the terms of this Agreement or on any other terms acceptable to71 Seller. Seller will pay Broker as follows (plus applicable sales tax):72* (a) _____________% of the total purchase price OR $___________________, no later than the date of closing specified in the73 purchase contract. However, closing is not a prerequisite for Broker’s fee being earned.74* (b) _____________ ($ or %) of the consideration paid for an option, at the time an option is created. If the option is exercised,75 Seller will pay Broker the paragraph 6(a) fee, less the amount Broker received under this subparagraph.76* (c) _____________ ($ or %) of gross lease value as a leasing fee, on the date Seller enters into a lease or agreement to lease,77 whichever is soonest. This fee is not due if the Property is or becomes the subject of a contract granting an exclusive right to78 lease the Property.79 (d) Broker’s fee is due in the following circumstances: (1) If any interest in the Property is transferred, whether by sale, lease,80 exchange, governmental action, bankruptcy or any other means of transfer, with the assistance of any real estate licensee. (2) If81 Seller refuses or fails to sign an offer at the price and terms stated in this Agreement, defaults on an executed sales contract or82* agrees with a buyer to cancel an executed sales contract. (3) If, within ___________ days after Termination Date (“Protection83 Period”), Seller transfers or contracts to transfer the Property or any interest in the Property to any prospects with whom Broker84 or any other real estate licensee communicated regarding the Property prior to Termination Date. However, no fee will be due85 Broker if the Property is relisted after Termination Date and sold through another broker. 86* (e) Retained Deposits: As consideration for Broker’s services, Broker is entitled to receive _____________% of all deposits87 that Seller retains as liquidated damages for a buyer’s default in a transaction, not to exceed the paragraph 6(a) fee.

88 7. COOPERATION WITH OTHER BROKERS: Broker’s office policy is to cooperate with all other brokers except when not in89* Seller’s best interest: ❏ and to offer compensation in the amount of ___________% of the purchase price or $___________ to90 Buyer’s agents, who represent the interest of the buyers and not the interest of the Seller even if compensated by Seller or91* Broker in a transaction; ❏ and to offer compensation in the amount of ___________% of the purchase price or $___________92* to a broker who has no brokerage relationship with the Buyer or Seller; ❏ and to offer compensation in the amount of93* ___________% of the purchase price or $___________ to transaction brokers for the Buyer; ❏ None of the above (if this is94 checked, the Property cannot be placed in the MLS.)

95 8. BROKERAGE RELATIONSHIP: Seller authorizes Broker to operate as (check which is applicable):96* ❏ single agent of Seller.97* ❏ transaction broker.98* ❏ single agent of Seller with consent to transition into a transaction broker.99* ❏ nonrepresentative of Seller.

100 9. CONDITIONAL TERMINATION: At Seller’s request, Broker may agree to conditionally terminate this Agreement. If Broker101 agrees to conditional termination, Seller must sign a withdrawal agreement, reimburse Broker for all direct expenses incurred102* in marketing the Property and pay a cancellation fee of $____________________ plus applicable sales tax. Broker may void the103 conditional termination and Seller will pay the fee stated in paragraph 6(a) less the cancellation fee if Seller transfers or104 contracts to transfer the Property or any interest in the Property during the time period from the date of conditional termination105 to Termination Date and Protection Period, if applicable.



107 10. DISPUTE RESOLUTION: This Agreement will be construed under Florida law. All controversies, claims and other matters108 in question between the parties arising out of or relating to this Agreement or the breach thereof will be settled by first109 attempting mediation under the rules of the American Mediation Association or other mediator agreed upon by the parties. If110 litigation arises out of this Agreement, the prevailing party will be entitled to recover reasonable attorneys’ fees and costs,111 unless the parties agree that disputes will be settled by arbitration as follows:112* Arbitration: By initialing in the space provided, Seller (_____) (_____), Listing Associate (_____) and Listing Broker (_____)113 agree that disputes not resolved by mediation will be settled by neutral binding arbitration in the county in which the Property114 is located in accordance with the rules of the American Arbitration Association or other arbitrator agreed upon by the parties.115 Each party to any arbitration or litigation (including appeals and interpleaders) will pay its own fees, costs and expenses,116 including attorneys’ fees, and will equally split the arbitrators’ fees and administrative fees of arbitration.

117 11. MISCELLANEOUS: This Agreement is binding on Broker’s and Seller’s heirs, personal representatives, administrators,118 successors and assigns. Broker may assign this Agreement to another listing office. Signatures, initials and modifications119 communicated by facsimile will be considered as originals. The term “buyer” as used in this Agreement includes buyers,120 tenants, exchangors, optionees and other categories of potential or actual transferees.

121* Date: ____________ Seller’s Signature: ______________________________ Tax ID No: __ __ __ - __ __ - __ __ __ __

122* Home Telephone: _______________________ Work Telephone: _______________________ Facsimile: _____________________

123* Address: ___________________________________________________________________________________________________

124* Date: ____________ Seller’s Signature: ______________________________ Tax ID No: __ __ __ - __ __ - __ __ __ __

125* Home Telephone: _______________________ Work Telephone: _______________________ Facsimile: _____________________

126* Address: ____________________________________________________________________________________________________

127* Date: ______________ Authorized Listing Associate or Broker: ___________________________________________________

128* Brokerage Firm Name: ______________________________________________________ Telephone: _______________________

129* Address: ____________________________________________________________________________________________________

130* Copy returned to Customer on the _____ day of ________________, ______ by: ❏ personal delivery ❏ mail ❏ E-mail ❏ facsimile.

The Florida Association of REALTORS and local Board/Association of REALTORS make no representation as to the legal validity or adequacy of any provision of this form in any specific transaction. This form is available for use by the entire real estate industry and is not intended to identify the user as a REALTOR. REALTOR is a registered collective membership mark that may be used only by real estate licensees who are members of the National Association of REALTORS and who subscribe to its Code of Ethics.

The copyright laws of the United States (17 U.S. Code) forbid the unauthorized reproduction of this form by any means including facsimile or computerized forms.



Robin Sing-Cunningham RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLSML: F843664 BC: PFWR07 OF: Prudential Florida WCI Realty AREA: 3350 STATUS: AAD: CITY: FORTLAUD RP: LLP: LP: $300,000CT: F#: ¤494212020970 ZIP: ¤33308 GEOAR: FTNE ZN: STYLE: R31 #I: 0LG: ¤CORAL HIGHLANDS 40-11 B LOT 18 BLK 6

MC: TN: ¤4942 SE: ¤12 SD: ¤2 PN: ¤0970 MAP: ST: FL TYPE: / SINGLEDV: IMPERIAL POINT SN: ¤CORAL HIGHLANDS 40-11 B MN:LA: ¤1,891 TA: ¤1,891 YR: 1964/ RS CONV: BED: FBATH: 2 HBATH: 0GARAG: 1/ ATT CPT: 0 WF: FACE: E F$:PARK: CIRCLDRV GUEST PARK RESTR:LT: 7500 SF/FF: 0 LOTDS: 0-1/4ACRWTRFR: N VIEW: NONEWTRAC: DESGN: DETACH/ 1STORY ES:CONST: CBS ROOF: BARREL MS:FLOOR: CARPET TILE DINE: DIN-LIV HS:ROOMS: ATTIC FAMILY UTIL-LAUPOOLS: Y/ OTHER PL: 30X15 SPA: NREM: POSSIBLE SHORT SALE. PRICE SUBJECT TO LENDER'S APPROVAL. 30 DAYS CLOSING REQUIRED. GREAT FAMILY HOME IN DESIRABLE

CORAL HIGHLAND OF IMPERIAL POINT. LARGE POOL, VERY PRIVATE YARD FENCED WITH LANDSCAPING. NEWER BATHROOMS - CROWN MOLDING IN LIVING & DINING AREA. CONVENIENT LOCATION, NEWISH ROOF, SECURITY ALARM, IMPACT RESISTANT WINDOWS-FLORANADA SCHOOLS.

DIR: FEDERAL & COMMERCIAL - EAST ON COM AVE TO NE 18 AVE, GO NORTH TO NE 57 ST - TURN EAST TO 19 AVE TURN NORTH TO 5751 NE 19 AVE

BRK-REM: Offers to be submitted on FAR 9 forms.

LV: DR: DA: KT: FR: FL: PR:MB: 2B: 3B: 4B: 5B: DN: PB:

BEDRM: UR: CF: 0MSBTH: PETS:INTER: 1FLENTRY PANTRYEQUIP: AUTOGRDR DISHWASH DISPOSAL OWNBALRM RANGE-E REFRIG SELFCLEAN SMOKEDET

WNDW: RESTR: NONE HOPA: NEXTER:GUEST: GUEST SQ FT: 0SUBDV: PUBLICRD MAINT:HEAT: CENTRAL SPRINK: CABLEAVL: YCOOL: CEILFAN CENTRAL WTR: MUNICIPL SEWER: MUNICIPLTRMSCONS: ASSUME: DAV/SOH: ¤$365,360MPR: TOA: FEE: DMV/ASV: ¤$365,360TX: ¤$8,128 TXYR: 2006 TAX: HOMESTEAD TM:SPEC: AS-IS POSS: FUNDING IDX: YLPID: 3018687 LS: Mark McCaw APH: 954-249-2652 OPH: 954-449-27002PID: 2A: 2AG: FAX: 954-467-4142LTY: ER ON: Smith ON#: 2PH:URL: PHOTO: NOPHO WD:EMAILA: [email protected] VT:COBA: 3% COTB: 3% CONR: 0% VAR: Y JA: BRD: FOCCUP: VACANT SHOW: APPT-ONLY CALL-LA LD: XD:PREV STATUS: STATUS CHNG: OK ADV: N L1:PREV$: $530,000 PRICE CHNG: 10/23/07 ORIG LP: $530,000 L2:INet: Y/GREAT FAMILY HOME IN DESIRABLE CORAL HIGHLAND OF IMPERIAL POINT.

MOBILE HOME DECAL: SZ: S#: BRAND:FEEINCL: MISC:PD: CONTING: DM: FURN: CD: SP:ECD: CB: SPID: SS: S1:TR: SPID2: SS2: S2:

*(c) 2007 11/06/07 11:35 AM

¤5751 NE 19TH AVBROWARD R

3

1BR+GRND

DECK FENCE PATIO

CONVN N

-- Southeast Florida MLS -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED*

BROWARD COUNTY

4942-12-02-09705751 19 AVE NE

OWNER NAME & ADDRESSVERGIL J SR SMITH

FORT LAUDERDALE,FL 33308 (954) 776-4223

BUILDING INFORMATION

CBS/FRMDBL/HT

EXTRA FEATURES

LAND INFORMATION

TAX & ASSESSMENT INFORMATION

LEGAL DESCRIPTIONCORAL HIGHLANDS 40-11 B LOT 18 BLK 6

SALES INFORMATION

MLS HISTORY

MORTGAGE INFORMATION

INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED

Tax ID Subdivision: CORAL HIGHLANDS 40-11 B Address: 5751 / NE / 19TH / AV

FORT LAUDERDALE 33308 -2416 Block: 6 Lot: 18 Unit:Lien? Lis Pendens?

SMITH VERGIL J SR

5751 NE 19 AVE 5751NE 19TH AVCarrier: C019 Phone:

Building #1 # Units:Improvement Code: SINGLE FAMILY RESI Year Built: 64 Stories: 1Exterior Type: Electrical: CENTRAL AIR Bedrooms: 3Roof Type: GABLE/HIP Plumbing: GOOD TILE Baths: 2Roof Material: TILE Foundation: STEM WALL Adj SQFT: 1,891Interior Wall: DRYWALL/PLASTER Floor Type: CONC, TERRAZZO Liv Area: 1,891

Description / Size Description / Size Description / Size Description / SizeCONC/ 270X 1 DWAAS/ 1 X100 DWEAS/ 1 X100 POOLR/ 30 X 15

LAND UNITS: USE CODE FACTOR TYPE01 SINGLE FAMILY RESIDENTIAL75.00 FF

LOT FRONT FOOTAGE: 7,500

ASSESSMENTS TAXES EXEMPTIONSImprovement: $ 105,860 Tot Amount: $ 8,128.97Land: $ 259,500 Year: 2006 SOH: $ 365,360Total: $ 365,360 Millage: 322

Legal:

PRICE REC DATE BOOK / PAGE TYPE NAMECurr: $ 495,000 02/08/06 41427/ 00184 WD SMITH VERGIL J SRPrev: $ 375,000 07/20/04 37855/ 375000 WD MULLEN RAYMOND & SHERRYEarl: $ 297,000 10/24/02 33995/ 1203 WD JOLLEY, GORDON LOthr: $ 137,000 09/13/99 29838/ 0985 WD

ML# / Status: F843664/ A Amount: $ 530,000ML# / Status: F708212/ X F708212/ A F675110/ CSML# / Status: F675110/ PS F675110/ A F576015/ XML# / Status: F576015/ A F575948/ X F575948/ A

Lender: FREMONT INVS & LN Amount: $ 99,000 Type: CON

11/06/07

Property History View

ML# Status Price Date Agent Broker DOM

F843664 A $ 300,000 10/23/07 3018687 PFWR07

F843664 A $ 530,000 06/15/07 3018687 PFWR07

F708212 X $ 550,000 08/15/06 3058519 PFWR07

F708212 A $ 550,000 05/31/06 3058519 PFWR07

F708212 A $ 565,000 04/03/06 3093754 PFWR07

F708212 A $ 595,000 02/21/06 3093754 PFWR07

F675110 CS $ 495,000 02/09/06 255856 1345 66

F675110 PS $ 499,900 11/28/05 255856 1345 66

F675110 A $ 499,900 10/21/05 255856 1345

F675110 A $ 499,900 10/03/05 0551528 1345

F675110 A $ 539,900 09/23/05 0551528 1345

F576015 X $ 385,000 06/15/04 3076274 1988

F576015 A $ 385,000 06/10/04 3076274 1988

F576015 T $ 379,000 06/08/04 3076274 1988

F576015 A $ 379,000 04/23/04 3076274 1988

F576015 A $ 399,900 04/06/04 3076274 1988

F576015 A $ 415,000 03/16/04 3076274 1988

F575948 A $ 415,000 03/15/04 3076274 1988 0

F575948 X $ 415,000 03/15/04 3076274 1988 0

F462117 CS $ 297,000 10/22/02 0683230 REMX01 0

F462117 PS $ 299,000 09/16/02 0683230 REMX01 0

F462117 A $ 299,000 09/14/02 0683230 REMX01 0

F462117 A $ 319,000 07/12/02 0683230 REMX01 0

F325336 X $ 259,900 11/15/00 464337 1209 0

F333859 R $ 1,850 06/05/00 0645862 1452 0

F325336 W $ 259,900 06/05/00 464337 1209 0

F333859 A $ 1,995 04/24/00 464337 1209 0

F318164 X $ 1,995 04/17/00 464337 1209 0

F325336 A $ 259,900 02/29/00 464337 1209 0

F319209 X $ 259,900 02/21/00 464337 1209 0

F319209 A $ 259,900 01/21/00 464337 1209 0

F318164 A $ 1,995 01/15/00 464337 1209 0

F294198 CS $ 137,000 08/31/99 323230 0734 0

F294198 PS $ 155,000 08/28/99 185906 0734 0

F294198 A $ 155,000 08/03/99 185906 0734 0

11/06/07 *(c) 2007 -- Southeast Florida MLS -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED* 11:35 AM


Section 10: Current “AS-IS” Comparative Market

Valuation Analysis

Comparative Market Summary

Ref # # Beds #FB/HB LivArea Year Built Lot SqFt List Price Sale Price Close Date

F816304 3 2 ¤1,546 SqFt 1991 / Resale 4,750 $ 241,900 $ 228,500 10/29/2007

¤5520 NW 49TH AV, Coconut Creek #Grg/Cpt: 1 Pool: N Waterfront: N DOM: 21 CS

F823976 3 2 / 0 ¤2,316 SqFt 1994 / Resale ¤15,859 $ 379,000 $ 375,000 09/21/2007

4193 NW 56TH ST, Coconut Creek #Grg/Cpt: 2 / 0 Pool: Y Waterfront: N DOM: 157 CS

F807227 3 2 / 0 1,500 SqFt 1990 / New 0 $ 339,900 $ 355,000 07/18/2007

5090 NW 56TH ST, Coconut Creek #Grg/Cpt: 2 / 0 Pool: N Waterfront: N DOM: 161 CS

F818104 3 2 ¤1,627 SqFt 1991 / Resale 0 $ 460,000 $ 450,000 05/16/2007

¤4970 NW 54TH ST, Coconut Creek #Grg/Cpt: 2 / 0 Pool: N Waterfront: N DOM: 31 CS

*(c) - Southeast Florida MLS -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED*11/06/07 2007 08:43 AM

Total Listings: 4

$207.360 $205.74 98.92%

$156.468 $147.80 94.46%

$282.729 $276.58 104.44%

$195.122 $199.29 98.39%

These properties are your competition. A potential purchaser will compare your home to homes similar to these when trying to decide which to buy. Take a look a these homes, if only on paper. Try to be objective and ask yourself, "Which home is the best value?" Is it yours? If not, these other homes may sell before yours. But don't forget the "List Prices" of these homes represent what the sellers WANT for their home, not necessarily what they are really going to get if they sell their home. So, when setting the price of your home, don't simply look at the LIST PRICE of the other comparable homes, look at the SALE PRICE of homes comparable to yours which actually SOLD!

Liv.Area SqFt List Price LP$/SqFt Sale Price SP$/SqFt SP$/LP$ DOM

Average: ¤1,747 $ 355,200 $ 352,125 93

Minimum: ¤1,500 $ 241,900 $ 228,500 21

Maximum: ¤2,316 $ 460,000 $ 450,000 161

Median: ¤1,587 $ 359,450 $ 365,000 94

Robin Sing-Cunningham RE1 - SINGLE FAMILY RESIDENTIAL Southeast Florida MLSML: F816304 BC: CBRI53 OF: Coldwell Banker Res RE AREA: 3513 STATUS: CSAD: CITY: COCOCRK RP: LLP: LP: $241,900CT: F#: 484207040160 ZIP: ¤33073 GEOAR: NE41 ZN: STYLE: R30 #I: 1LG: ¤WINSTON PARK SECTION ONE 131-23B A PORTION TRACT F DESC AS COMMAT SE COR OF SAID TR,N 812.01 TO POB,N 50,W 95,S 50,E

95 TO POBAKA: LOT 16MC: TN: ¤4842 SE: ¤7 SD: ¤4 PN: ¤0160 MAP: ST: FL TYPE: / SINGLEDV: CYPRESS LAKE SN: ¤WINSTON PARK MN:LA: ¤1,546 TA: ¤1,656 YR: 1991/ RS CONV: N BED: FBATH: 2 HBATH:GARAG: 1/ ATT CPT: WF: FACE: W F$:PARK: DRIVEWAY PARK RESTR:LT: 4750 SF/FF: 4,750 LOTDS: INTERIORWTRFR: N VIEW: GARDENWTRAC: DESGN: DETACH/ 1STORY ES:CONST: CBS ROOF: S-TILE MS:FLOOR: CARPET TILE DINE: BREAKAR FORMAL HS:ROOMS: OTHER UTIL-GARPOOLS: N PL: SPA: YREM: BANK FORECLOSURE! ONE-STORY THREE BEDROOM HOME WITH SPA SOLD IN "AS-IS" CONDITION... REPAIRS REQUIRED, PROOF OF

FUNDS/PRE-APPROVAL LETTER REQUIRED WITH ALL OFFERS (USE FAR/BAR CONTRACT FORM ONLY WITH ALL OFFERS), BANK/SELLER TERMS ARE: 5% ESCROW DEPOSIT(DUE UPON ACCEPTANCE), 10 DAY INSPECTION PERIOD, 20 DAY LOAN COMMITMENT, CLOSE WITHIN 30 DAYS OR LESS, MUST CLOSE WITH SELLERS APPROVED CLOSING AGENT, FOR ACCESS PLEASE SEE BROKER REMARKS

DIR:

BRK-REM: SHOWING INSTRUCTIONS - PLEASE CONTACT (CENTRALIZED SHOWING SERVICE) FOR ACCESS @ 1-888-886-8786 (TOLL FREE), OFFERS - PLEASE FAX TO: 954-736-5777

LV: DR: DA: KT: FR: FL: PR:MB: 2B: 3B: 4B: 5B: DN: PB:

BEDRM: UR: CF:MSBTH: PETS: Y/ NONINTER: STACKBED VAULTEDEQUIP: OTHER

WNDW: OTHER RESTR: LSOK HOPA: NEXTER:GUEST: GUEST SQ FT: 0SUBDV: POOL CARDGATE MAINT: INCLCOMONHEAT: CENTRAL ELEC SPRINK: OTHER CABLEAVL: YCOOL: CENTRAL ELEC WTR: MUNICIPL SEWER: MUNICIPLTRMSCONS: ASSUME: N DAV/SOH:MPR: TOA: FEE: $96.00/ M DMV/ASV:TX: ¤$3,578 TXYR: 2006 TAX: HOMESTEAD TM:SPEC: AS-IS BANKOWNED FORECLOSE POSS: FUNDING IDX: YLPID: 553906 LS: Stephen Apicella APH: 000-000-0000 OPH: 954-452-1999 x 41612PID: 0640589 2A: Stuart Pall 2AG: 954-818-3036 FAX: 954-736-5777LTY: ER ON: SHOWING INSTRUCTIONS ON#: 888-886-8786 2PH:URL: WWW.STEVEAPICELLA.COM PHOTO: NOPHO WD:EMAILA: [email protected] VT:COBA: 2.5% COTB: 2.5% CONR: 2.5% VAR: N JA: N BRD: FOCCUP: VACANT SHOW: BRKR-RMRKS LD: 09/14/07 XD: 12/12/07PREV STATUS: PS STATUS CHNG: 10/31/07 OK ADV: N L1:PREV$: $284,900 PRICE CHNG: 09/17/07 ORIG LP: $334,900 L2:INet: Y/BANK FORECLOSURE! THREE BEDROOM HOME WITH SPA SOLD IN "AS IS" CONDITION... SOME REPAIRS REQUIRED

MOBILE HOME DECAL: SZ: S#: BRAND:FEEINCL: MISC:PD: 10/05/07 CONTING: DM: 21 FURN: U CD: 10/29/07 SP: $228,500ECD: 11/30/07 CB: ZIRE01 SPID: 3155116 SS: Robert Tolkan S1:TR: CONV SPID2: SS2: S2:

*(c) 2007 11/06/07 08:45 AM

¤5520 NW 49TH AVBROWARD RES

3

ENTRYLVL

FENCE SCRNPORCH

CONVN H

-- Southeast Florida MLS -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED*

BROWARD COUNTY

4842-07-04-01605520 49 AVE NW

OWNER NAME & ADDRESSDEUTSCHE BANK TRUST 2006-OPT4

IRVINE,CA 92618

BUILDING INFORMATION

CBS/FRMDBL/HT

EXTRA FEATURES

LAND INFORMATION

TAX & ASSESSMENT INFORMATION

HOMESTEAD

LEGAL DESCRIPTIONWINSTON PARK SECTION ONE 131-23B A PORTION TRACT F DESC AS COMM AT SE COR OF SAID TR,N 812.01 TO POB,N 50,W 95,S 50,E 95 TO POB AKA: LOT 16 CYPRESS LAKE AT WINSTON PARK

SALES INFORMATION

MLS HISTORY

MORTGAGE INFORMATION

INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED

Tax ID Subdivision: WINSTON PARK Address: 5520 / NW / 49TH / AV

COCONUT CREEK 33073 -3776 Block: Lot: Unit:Lien? Lis Pendens? Y

DEUTSCHE BANK TRUST 2006-OPT4

6501 IRVINE CENTER DR 6501 IRVINE CENTER DRCarrier: Phone:

Building #1 # Units: 1Improvement Code: SINGLE FAMILY RESI Year Built: 91 Stories: 1Exterior Type: Electrical: CENTRAL AIR Bedrooms:Roof Type: GABLE/HIP Plumbing: GOOD TILE Baths:Roof Material: BAHAMA/TILE Foundation: STEM WALL Adj SQFT: 1,656Interior Wall: DRYWALL/PLASTER Floor Type: CONCRETE PLAIN Liv Area: 1,546

Description / Size Description / Size Description / Size Description / SizeCONC/ 636SF SPAG/ 10 X 10 DWBAS/ 1 X100

LAND UNITS: USE CODE FACTOR TYPE01 SINGLE FAMILY RESIDENTIAL4750.00 SF

LOT FRONT FOOTAGE:

ASSESSMENTS TAXES EXEMPTIONSImprovement: $ 168,030 Tot Amount: $ 3,578.03Land: $ 91,680 Year: 2006 SOH: $ 175,230Total: $ 259,710 Millage: 3212

Legal:

PRICE REC DATE BOOK / PAGE TYPE NAMECurr: 02/20/07 43626/ 01718 DEUTSCHE BANK TRUST 2006-OPrev: $ 177,000 06/10/02 33253/ 177000 WD WICKS, LLOYD & VERAEarl: $ 120,000 12/16/94 22947/ 0002 WD GABRIEL ROGER & ANNE MARIEOthr: $ 102,300 09/01/90 SWD

ML# / Status: F816304/ PS Amount: $ 241,900ML# / Status: F816304/ A F438345/ CS F438345/ PSML# / Status: F438345/ A F877934/ CS BC864173/ XML# / Status: BC877934/ S

Lender: FIRST NAT'L BK/AZ Amount: $ 168,150 Type: CON

11/06/07

Property History View

ML# Status Price Date Agent Broker DOM

F816304 CS $ 228,500 10/29/07 3155116 ZIRE01 21

F816304 PS $ 241,900 10/05/07 553906 CBRI53 21

F816304 A $ 241,900 09/17/07 553906 CBRI53

F816304 A $ 284,900 08/13/07 553906 CBRI53

F816304 A $ 289,900 07/13/07 553906 CBRI53

F816304 A $ 294,900 06/12/07 553906 CBRI53

F816304 A $ 304,900 05/07/07 553906 CBRI53

F816304 A $ 319,900 04/05/07 553906 CBRI53

F816304 A $ 334,900 03/12/07 553906 CBRI53

F438345 CS $ 177,000 06/07/02 0544886 4440 0

F438345 PS $ 179,900 04/10/02 0637036 4440 0

F438345 A $ 179,900 04/05/02 0637036 4440 0

F438345 A $ 184,900 03/21/02 0637036 4440 0

F438345 A $ 187,500 03/12/02 0637036 4440 0

F438345 A $ 197,500 03/04/02 0637036 4440 0

11/06/07 *(c) 2007 -- Southeast Florida MLS -- INFORMATION IS BELIEVED ACCURATE BUT IS NOT WARRANTED* 08:45 AM


Section 11: Copy of Recorded Deed

1

________________________________Space Above This Line For Recording Data ________________________________

WARRANTY DEED This Indenture, Made this _____ day of ________, 2007, Between SELLER(S), marital status, whose post office address is: ________________________________________, hereinafter called the “Grantor", and __________________________________________________________ whose post office address is: __________________________________________________________, hereinafter called the "Grantee": Witnesseth: That said Grantor, for and in consideration of the sum of Ten ($10.00) Dollars and other valuable consideration, to said Grantor in hand paid by said Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the said Grantee, and Grantee's heirs and assigns forever, the following described land, situate, lying, and being in Broward County, Florida, to wit: Address: Legal Description: Parcel I.D. #: and said Grantor does hereby fully warrant the title to said land, and will defend the same against the lawful claims of all persons whomsoever. "Grantor" and "grantee" are used for singular or plural, as context requires. IN WITNESS WHEREOF, the said party of the first part has hereunto set its hand and seal the day and year first above written. Signed, sealed and delivered in the presence of: ______________________________ GRANTOR: STATE OF FLORIDA: COUNTY OF BROWARD: I hereby certify that the THE FOREGOING INSTRUMENT was acknowledged before me this the _____ day of __________, 2007 by _______________________________, described as the Grantor(s) above and is the executing party or parties described as the Grantor(s) above and herein and who personally appeared, and is known to me, to be the person whose name appears within instrument and acknowledged to me that executed the same. by ________________________________ (Notary Name) My Commission Expires: ___________________

PREPARED BY AND PLEASE RECORD AND RETURN TO: PROPERTY I.D. NUMBER:

Witness: _________________________________ Witness Name Printed:

(NOTARY SEAL)

Witness: _________________________________ Witness Name Printed:


Section 12: Executed Purchase and Sale Agreement

PARTIES: «Owner» __________________________________________(“Seller”) and NEW BUYER LLC ______________ _____________________________________(“Buyer”), hereby agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively “Property”) pursuant to the terms and conditions of this Contract for Sale and Purchase (“Contract”): I. DESCRIPTION: (a) Legal description of the Real Property located in Broward County, Florida: «LG» (b) Street address, city, zip, of the Property: «Address» «City», FL. «ZIP» Folio #: «F#» (c) Personal Property includes the existing range(s), refrigerator(s), dishwasher(s), ceiling fan(s), light fixture(s), and window treatment(s) unless specifically excluded below. The Personal Property listed in this Contract is included in the purchase price, and has no contributory value and is being left for Seller’s convenience. No additional Personal Property is included in this Real Estate transaction. II. PURCHASE PRICE (U.S. currency): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$«Our Offer».00 PAYMENT: (a) Deposit held in escrow by THE TITLE COMPANY (Escrow Agent) in the amount of (checks subject to clearance) ………………………………………………………………………….……………………………………………… $500.00 (b) Balance to close by cash, wire transfer or LOCALLY DRAWN cashier’s or official bank check(s), subject to adjustments, credits or prorations on Final Approved HUD Statement by and between the foreclosing lender and the Buyer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ……………………………… $«Balance».00 III. TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERS; EFFECTIVE DATE: (a) If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing between the parties within 24 hours of the Contract Submission Date shown below, this Contract will, at Buyer’s option, be returned and this offer withdrawn. As this property is in the late stage of foreclosure and is part of a Short Sale Proposal to the Seller’s mortgage lender(s), COUNTEROFFERS WILL NOT BE ENTERTAINED OR ACCEPTED. NO OTHER ADDENDUMS WILL BE UTILIZED OR ATTACHED. (b) CONTRACT SUBMISSION DATE: 11/6/2007 10:40 AM (c) The date of Contract (“Effective Date”) will be the date when the last one of the Buyer and Seller has signed or initialed this offer or the final counteroffer. If such date is not otherwise set forth in this Contract, then the “Effective Date” shall be the date determined above for acceptance of this offer. IV. FINANCING: As this property is in the late stage of foreclosure, this is a cash or hard money loan transaction with no contingencies for financing; However this offer is being submitted as a part of a request for a discounted payoff (“Short Sale”) from the Seller’s mortgage holders. This offer is contingent upon the mortgage holder’s discounting the payoff they will accept in order for the property to be closed at or below the purchase price shown above herein. V. TITLE INSURANCE; CLOSING PROCEDURE; CLOSING COSTS: Closing will take place in the county where the Property is located and may be conducted by electronic means. Closing agent will disburse at closing the net sale proceeds as directed by the Buyer. In addition to other expenses provided in this Contract, Seller and Buyer will pay the costs indicated below. (a) Seller Costs: Seller will be charged for all real estate commissions and loss mitigation services along with the cost of any documents needed to cure title; certified, confirmed and ratified special assessment liens and judgments. (b) Buyer Costs: Buyer will pay taxes and recording fees on notes and mortgages; taxes and surtaxes on the deed and recording fees for documents recording fees on the deed and financing statements; loan expenses; lender’s title policy; inspections; survey; flood insurance; title insurance expenses, abstract expenses and costs associated with the owner’s title policy, search, examination and related charges. Buyer will select the Title Agent and Escrow Agent. (c) Closing Documents: As this property is in the late stage of foreclosure and knowing that a firm Closing Date is hard to determine, the Seller(s) agree to place all closing documents in Escrow with the named Escrow Agent above. Closing documents shall be those documents that the Escrow Agent needs to close in the event that the Seller(s) choose to vacate the property and not be available for the Closing.

“AS-IS” Contract For Sale & Purchase - Short Sale - Foreclosure Contract

VI. CLOSING DATE: Seller agrees that as this Contract is part of a Short Sale Proposal to the Seller’s mortgage holder(s), a firm Closing Date is hard to determine. However in the interest in solidifying this Contract, the Seller and Buyer agree and acknowledge that the Closing Date shall be on or before December 31, 2008. If the Seller’s mortgage holder(s) respond affirmatively before the Closing Date then this transaction shall be closed and the closing documents delivered within 10 days of receipt of written acceptance by the mortgage holders on the property of their acceptance of a short payoff on the existing mortgages that will enable a closing at the purchase price as shown above herein. (“Closing”), unless modified by other provisions of this Contract. VII. OCCUPANCY: Seller shall deliver and insure that the property is VACANT at closing and in broomswept condition. Occupancy of the Property shall be delivered to the Buyer at time of Closing unless otherwise stated herein. VIII. ASSIGNABILITY: (CHECK ONLY ONE): Buyer may not assign this Contract. IX. PLACE OF CLOSING: Closing shall be held in the county wherein the Real Property is located at the office of the attorney or other closing agent (“Closing Agent”) designated by the Buyer. X. TIME: In computing time periods of less than six (6) days, Saturdays, Sundays and state or national legal holidays shall be excluded. Any time periods provided for herein which shall end on a Saturday, Sunday, or a legal holiday shall extend to 5:00 p.m. of the next business day. TIME IS OF THE ESSENCE OF THIS CONTRACT WITH THE SPECIFIC EXCEPTION OF THE CLOSING DATE. XI. ATTORNEY’S FEES; COSTS: In any litigation, including breach, enforcement or interpretation, arising out of this Contract, the prevailing party in such liti-gation, which, for purposes of this Standard, shall include Seller, Buyer and any real estate agents or brokers acting in agency or nonagency relationships authorized by Chapter 475, F.S., as amended, shall be entitled to recover from the non-prevailing party reasonable attorney’s fees, costs and expenses. XII. FAILURE OF PERFORMANCE: If Buyer fails to perform this Contract within the time specified, including payment of all deposits, the deposit(s) paid by Buyer and deposit(s) agreed to be paid, may be recovered and retained by and for the account of Seller as agreed upon liquidated damages, consideration for the execution of this Contract and in full settlement of any claims; whereupon, Buyer and Seller shall be relieved of all obligations under this Contract; or Seller, at Seller’s option, may proceed in equity to enforce Seller’s rights under this Contract. If for any reason other than failure of Seller to make Seller’s title mar-ketable after diligent effort, Seller fails, neglects or refuses to perform this Contract, Buyer may seek specific performance or elect to receive the return of Buyer’s deposit(s) without thereby waiving any action for damages resulting from Seller’s breach. Buyer may also seek compensation for damages for any breach arising out of Paragraph XVIII-Section 16 of this Contract. XIII. CONTRACT RECORDABLE; PERSONS BOUND; NOTICE; FACSIMILE: This Contract or a memorandum thereof, may be recorded in any public records in the State of Florida to protect the interest of the Buyer. This Contract shall bind and inure to the benefit of the parties and their successors in interest. Whenever the context permits, singular shall include plural and one gender shall include all. Notice and delivery given by or to the attorney or broker representing any party shall be as effective as if given by or to that party. All notices must be in writing and may be made by mail, personal delivery or electronic media. A legible facsimile copy of this Contract and any sig-natures hereon shall be considered for all purposes as an original. XIV. CONVEYANCE: Seller shall convey clear and marketable title to the Real Property by Warranty Deed. Personal Property that is included, if any, shall, at the request of Buyer, be transferred by an absolute bill of sale with warranty of title, subject only to such matters as may be otherwise provided for herein. XV. MAINTENANCE, INSPECTIONS AND REPAIR: Seller will keep the Property in the same condition from Effective Date until closing, except for normal wear and tear (“maintenance requirement”) and repairs required by this Contract. Seller will provide access for Buyer’s inspections. Buyer will repair all damages to the Property resulting from the inspections and return the Property to its pre-inspection condition. XVI. OTHER AGREEMENTS: No prior or present agreements or representations shall be binding upon Buyer or Seller unless included in this Contract. No mod-ification to or change in this Contract shall be valid or binding upon the parties unless in writing and executed by the parties intended to be bound by it. XVII. LOSS MITIGATION & SHORT SALE PROPOSAL FACILITATION: Seller acknowledges and agrees that Short Sale Servicers LLC of Fort Lauderdale, Florida shall facilitate and negotiate ALL aspects of the Short Sale Proposal to the Seller’s mortgage lender. Short Sale Servicers LLC shall charge a fee of $5,000.00 for it’s role as the named loss mitigation firm. It is understood that this shall be charged as an expense to the Seller and is subject to negotiation and final approval of the HUD Settlement Sheet as to be submitted to the Seller’s mortgage lender. In no instance shall the Seller be responsible for any expenses or fees due to Short Sale Servicers LLC if the foreclosing lender(s) disallow or reduce the compensation as stated herein for the loss mitigation efforts of Short Sale Servicers LLC.

Short Sale Servicers LLC may record additional documents necessary to secure the Seller’s performance and their interest herein. Seller agrees to execute these documents as may be necessary to meet the loss mitigation requirements of Short Sale Servicers LLC and to facilitate the foreclosing lender’s approval of the Short Sale offer. XVIII. Short Sale Special Clause(s):

1. This property is being purchased in “AS-IS” condition however the Buyer has a Right to Inspect. Buyer may perform inspections on the Property, at Buyer’s cost, to be completed on or before the 10th day after the effective date.

2. If in Buyer’s sole discretion, the property does not pass inspection, this contract may be cancelled by the Buyer without further acknowledgement and Seller and Buyer direct the Escrow agent to release any deposits held under this contract back to the Buyer without any further direction and this contract will be considered null and void.

3. As this Property is the subject of a foreclosure action, and as the Buyer will be submitting a Short Sale Proposal package to the Seller’s mortgage lenders, the Seller shall provide Buyer with a copy of any listing agreement that by and between the Seller and the Listing Broker / Agent to be included in the Buyer’s Short Sale proposal package.

4. As this Property is the subject of a foreclosure action, and as the Buyer will be submitting a Short Sale Proposal package to the Seller’s mortgage lenders, Seller agrees to cooperate, sign, execute, and provide upon request from the Buyerexecute documents that may be necessary as a part of the short sale process including but not limited to: Authorization to Release Information, Tax Returns, Financial Statements, Hardship Letter and this Contract is subject to and contingent upon the Seller’s cooperation and participation.

5. Buyer may record additional documents necessary to secure the Seller’s performance and the Buyer’s interest herein to protect title and ensure specific performance. Seller agrees to execute these documents as may be necessary to meet the Buyer’s purchasing requirements and to facilitate the foreclosing lender’s approval of the Short Sale offer.

6. Seller understands that there is no guarantee that the foreclosing lender will approve this short sale offer and the Buyer nor its real estate agent may be held liable in the event the foreclosing lender rejects the short sale offer as presented.

7. Seller will provide access with 24 hours notice for Buyer’s vendors and repairmen, and Bank inspectors to view and assess the property. Buyer may place a sign on the property prior to closing for marketing purposes to prospective tenants, contractors or assigns.

8. Seller understands and acknowledges that the Buyer is entering into this contract with the intention of earning a profit on this transaction.

9. Seller understands that there may or may not be tax consequences as resulting from this transaction. Seller is responsible for the payment of such taxes if any.

10. Seller understands and acknowledges that this agreement has been negotiated fairly and neither the Buyer nor its agents, associates or assigns has taken advantage of the Seller’s current financial situation, nor is the Seller is under physical or financial duress, or under the influence of alcohol or other mind influencing drugs at the time of signing this Contract.

11. This offer is being submitted as a part of a request for a discounted payoff (“Short Sale”) from the Seller’s mortgage holders. This offer is contingent upon the mortgage holders discounting the payoff they will accept in order for the property to be closed at the purchase price shown above herein. If the foreclosing lender does not approve this offer on or before the Seller’s Auction date, or any subsequent re-scheduled Auction Date then this contract shall be null and void.

12. Seller and Buyer understand that the Seller shall not be responsible for any repairs or any out of pocket expenses if the foreclosing lender approves this offer, additionally, the Seller will not be required to bring any funds to closing.

13. Seller understands that if the foreclosing lender does not approve this offer, the Seller’s property could very well end up being auctioned off by the Clerk of the Court and Seller may not hold the Buyer, its agents, associates or assigns liable. Seller further agrees to indemnify and hold harmless the Buyer, its agents, associates or assigns if the foreclosing lender rejects this offer and proceeds with the auction of the property.

14. If the Seller files Bankruptcy, this Contract will remain in full force and effect.

15. Seller understands fully that they / he / she / may not receive ANY proceeds whatsoever, and may not share in any profits, if any, whatsoever derived from the sale of the Property as a result of this specific real estate purchase and sale transaction or any future real estate purchase and sale transaction involving this Property, regardless if the Buyer or any agent is involved with any subsequent Sale or Purchase of the Property. The Seller further acknowledges that no promise of compensation or any other form of payment at closing or outside of closing is expected in regards to the closing of this real estate purchase and sale transaction or as an inducement for executing this Contract. Seller understands that this is a condition that the mortgage lender(s) will require to approve a short sale or discounted payoff on the Seller’s defaulted mortgage(s).

16. Seller and Seller’s Real Estate Agent or Broker, if any, understand that the Buyer prepared and submitted this contract through the Buyer’s Agent and the Buyer, who has extensive experience in Short Sale transactions, demands that this Contract be used for this transaction.

17. NEITHER THIS OFFER, NOR THE CONTRACT ONCE EXECUTED BY THE PARTIES SHALL BE TRANSMITTED, DISCLOSED, DISCUSSED, COMMUNICATED, FAXED, MAILED, OR E-MAILED TO ANY MORTGAGE LENDER OR CREDITOR OF THE SELLER WITHOUT THE EXPRESSED WRITTEN CONSENT AND AUTHORIZATION OF THE BUYER OR SHORT SALE SERVICERS LLC. ONLY THE BUYER, THE BUYER’S DESIGNEE, BUYER’S EMPLOYEES, ASSIGNS OR OTHER NAMED REPRESENTATIVES OR REPRESENTATIVES OF SHORT SALE SERVICERS LLC MAY DISCUSS THIS OFFER AND SUBSEQUENT CONTRACT ONCE EXECUTED, WITH THE SELLER’S MORTGAGE LENDER(S) OR CREDITORS. IT SHALL BE AT THE SOLE DISCRETION OF THE BUYER, THE BUYER’S DESIGNEE, BUYER’S EMPLOYEES, ASSIGNS OR OTHER NAMED REPRESENTATIVES OR REPRESENTATIVES OF SHORT SALE SERVICERS LLC AS TO IF AND WHEN SAID COMMUNICATION OF THIS OFFER AND SUBEQUENT CONTRACT WILL OCCUR. IF THE SELLER OR SELLER’S AGENT / BROKER TRANSMITS, DISCLOSES, DISCUSSES, COMMUNICATES, FAXES, MAILS, OR E-MAILS A COPY OF THIS DOCUMENT IN ANY FORM TO ANY MORTGAGE LENDER OR CREDITOR OF THE SELLER WITHOUT THE EXPRESSED WRITTEN CONSENT AND AUTHORIZATION OF THE BUYER OR SHORT SALE SERVICERS LLC AS STATED HEREIN IT WILL BE AN ABSOLUTE BREACH OF THIS CONTRACT AND THE SELLER AND THE SELLER’S REAL ESTATE AGENT AND OR BROKER, SHALL BE PERSONALLY AND PROFESSIONALLY LIABLE TO THE BUYER AND SHORT SALE SERVICERS LLC FOR ANY POTENTIAL LOSS OF PROFIT INCURRED BY TO THE BUYER AND SHORT SALE SERVICERS LLC DUE TO THE SELLER’S OR SELLER’S AGENT OR SELLER’S BROKER’SINTERFERENCEAND ABSOLUTE BREACH OF THIS CONTRACT.

18. THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING. SELLER ACKNOWLEDGES BY SIGNATURE BELOW THAT THEY EITHER UNDERSTAND THE RAMIFICATIONS OF EXECUTING THIS CONTRACT OR HAVE OBTAINED COUNSEL AND ADVICE FROM EITHER AN ATTORNEY, ACCOUNTANT, REAL ESTATE AGENT OR BROKER AND HAVE FULL UNDERSTANDING OF THE TRANSACTION AT HAND AND NEITHER SHORT SALE SERVICERS LLC, THE BUYER, IT’S ASSCOAITES, AGENTS, EMPLOYEES OR REPRESENTATIVES CAN BE HELD LIABLE FOR ANY DAMAGES OR LIABILITIES THAT THE SELLER MAY INCUR AT ANY TIME HERE OR IN THE FUTURE AS A RESULT OF THIS REAL ESTATE TRANSACTION.

19. COMMISSION NEGOTIATION: THE LISTING AGENT IS AWARE THAT THE COMMISSION AS STATED AND ADVERTISED ON THE MLS AND AS OFFERED BY THE LISTING AGENT IS SUBJECT TO THE RESULT OF THE SHORT SALE NEGOTIATION BY AND BETWEEN THE NAMED LOSS MITIGATION FIRM AND THE BANK. IT IS ACKNOWLEDGED BY THE LISTING AGENT AND THE BUYER’S AGENT THAT THE COMMISSION AS NEGOTIATED BY THE LOSS MITIGATION FIRM FACILITATING THE SHORT SALE TRANSACTION SHALL BE DEEMED THE FINAL COMMISSION AND THE FINAL COMMISSION NEGOTIATED BY AND BETWEEN THE NAMED LOSS MITIGATION FIRM AND THE BANK SHALL SUPERSEDE ANY COMMISSION ADVERTISED ON THE MLS BY THE LISTING AGENT AND THE LISTING AGENT AND BUER’S AGENT AGREE TO SPLIT THE NEGOTIATED COMMISSION EQUALLY (50/50) AND BOTH THE LISTING AGENT AND BUYER’S AGENT ACKNOWLEDGE AND AGREE TO THIS EVIDENCED BY THEIR SIGNATURES TO THIS CONTRACT.

(BUYER) (SELLER) BROKERS: The brokers named below are the only brokers entitled to compensation in connection with this Contract: : Selling Sales Associate License Number: / Brokerage Fee: ( «COBA» % of Purchase Price) ____________________________________ ________________________________________ Listing Sales Associate License Number: «L1» Listing Firm / Brokerage Fee: ($_______ or _____ % of Purchase Price)

__________________________ ________ (SELLER) (DATE) __________________________ ________ (SELLER) (DATE) Sellers’ address for purposes of notice: ________________________________ ________________________________ Phone: _________________


Section 13: Preliminary HUD

A. Settlement Statement U.S. Department of Housingand Urban Development

OMB Approval No. 2502-0265

B. Type of Loan

1. FHA 2. FmHA 3. Conv. Unins.

4. VA 5. Conv. Ins.

6. File Number:

7. Loan Number:

8. Mortgage Insurance Case Number:

C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.c.)"were paid outside the closing; they are shown here for informational purposes and are not included in the totals.

D. Name & Address of Borrower: E. Name & Address of Seller: F. Name & Address of Lender:

G. Property Location:

H. Settlement Agent:

Place of Settlement:

I. Settlement Date:

J. Summary of Borrower's Transaction K. Summary of Seller's Transaction

100. Gross Amount Due From Borrower 400. Gross Amount Due To Seller

101. Contract sales price $0.00 401. Contract sales price $0.00

102. Personal property 402. Personal property

103. Settlement charges to borrower (line 1400) 403.

104. 404.

105. 405.

Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance

106. City/town taxes to 406. City/town taxes to

107. County taxes to 407. County taxes to

108. Assessments to 408. Assessments to

109. 409.

110. 410.

111. 411.

112. 412.

120. Gross Amount Due From Borrower 420. Gross Amount Due To Seller $0.00

200. Amounts Paid By Or In Behalf Of Borrower 500. Reductions In Amount Due To Seller

201. Deposit or earnest money $0.00 501. Excess deposit (see instructions)

202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400) $0.00

203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to

204. 504. Payoff of first mortgage loan $0.00

205. 505. Payoff of second mortgage loan $0.00

206. 506. $0.00

207. 507. $0.00

208. 508. $0.00

209. 509.

Adjustments for items unpaid by seller Adjustments for items unpaid by seller

210. City/town taxes to 510. City/town taxes to

211. County taxes to 511. County taxes to $0.00

212. Assessments to 512. Assessments to

213. 513. Delinquent Taxes $0.00

214. 514.

215. 515.

216. 516.

217. 517.

218. 518.

219. 519.

220. Total Paid By/For Borrower 520. Total Reduction Amount Due Seller $0.00

300. Cash At Settlement From/To Borrower 600. Cash At Settlement To/From Seller

301. Gross Amount due from borrower (line 120) 601. Gross amount due to seller (line 420) $0.00

302. Less amounts paid by/for borrower (line 220) ( ) 602. Less reductions in amt. due seller (line 520) ( ) $0.00

303. Cash From To Borrower 603. Cash To From Seller $0.00Section 4(a) of RESPA mandates that HUD develop and prescribe this standard formto be used at the time of loan settlement to provide full disclosure of all chargesimposed upon the borrower and seller. These are third party disclosures that aredesigned to provide the borrower with pertinent information during the settlementprocess in order to be a better shopper. The Public Reporting Burden for thiscollection of information is estimated to average one hour per response, including thetime for reviewing instructions, searching existing data sources, gathering andmaintaining the data needed, and completing and reviewing the collection ofinformation.

This agency may not collect this information, and you are not required to completethis form, unless it displays a currently valid OMB control number. The informationrequested does not lend itself to confidentiality. Section 5 of the Real EstateSettlement Procedures Act (RESPA) requires the following: • HUD must develop aSpecial Information Booklet to help persons borrowing money to finance thepurchase of residential real estate to better understand the nature and costs of realestate settlement services; • Each lender must provide the booklet to all applicantsfrom whom it receives or for whom it prepares a written application to borrow moneyto finance the purchase of residential real estate; • Lenders must prepare anddistribute with the Booklet a Good Faith Estimate of the settlement costs that theborrower is likely to incur in connection with the settlement. These disclosures aremanadatory.

Previous editions are obsolete Page 1 of 2 form HUD-1 (3/86)

ref Handbook 4305.2

L. Settlement Charges

700. Total Sales/Broker's Commission based on price $ $0.00 @ % = $0.00 Paid From

Borrowers

Funds at

Settlement

Paid From

Seller's

Funds at

Settlement

Division of Commission (line 700) as follows:

701. $ 0.00 to

702. $ 0.00 to

703. Commission paid at Settlement $0.00

704.

800. Items Payable In Connection With Loan

801. Loan Origination Fee %

802. Loan Discount %

803. Appraisal Fee to

804. Credit Report to

805. Lender's Inspection Fee

806. Mortgage Insurance Application Fee to

807. Assumption Fee

808.

809.

810.

811.

900. Items Required By Lender To Be Paid In Advance

901. Interest from to @$ /day

902. Mortgage Insurance Premium for months to

903. Hazard Insurance Premium for years to

904. years to

905.

1000. Reserves Deposited With Lender

1001. Hazard insurance months@$ per month

1002. Mortgage insurance months@$ per month

1003. City property taxes months@$ per month

1004. County property taxes months@$ per month

1005. Annual assessments months@$ per month

1006. months@$ per month



1100. Title Charges

1101. Settlement or closing fee to $0.00

1102. Abstract or title search to

1103. Title examination to $0.00

1104. Title insurance binder to

1105. Document preparation to $0.00

1106. Notary fees to

1107. Attorney's fees to

(includes above items numbers: )

1108. Title insurance to

(includes above items numbers: )

1109. Lender's coverage $

1110. Owner's coverage $

1111.

1112.

1113.

1200. Government Recording and Transfer Charges

1201. Recording fees: Deed $ ; Mortgage $ ; Releases $

1202. City/county tax/stamps: Deed $ ; Mortgage $

1203. State tax/stamps: Deed $ ; Mortgage $ $0.00

1204.

1205.

1300. Additional Settlement Charges

1301. Survey to

1302. Pest inspection to

1303.

1304.

1305. $0.00

1400. Total Settlement Charges (enter on lines 103, Section J and 502, Section K) $0.00

Previous editions are obsolete Page 2 of 2 form HUD-1 (3/86)

ref Handbook 4305.2


Section 14: Legal Filing Insufficiencies

Barry C

Oval


Section 15: Bank Specific Support Documentation


Section 16: Text of Requested Payoff Letter