Chase Drive By BPO Form



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|BROKER PRICE OPINION |

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| |BORROWER: |      |

| |LOAN #: |      |

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|Property Address: |318 Cherry St |City: |Evansville |State: |IN |Zip Code: |47713 |

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|The above premises was inspected on: |8/22/2013 |by: |Craig Elliott |

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|The property was: | Vacant | Occupied | |

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|Is the exterior in good repair? | Yes | No |Is the house & yard free from debris? | Yes | No |

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|Has the property been boarded, screened, or otherwise secured? | Yes | No |Keybox Yes No |

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|Has the property been vandalized? | Yes | No | |

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|Details: | |

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| |Home is in poor condition. Doesn’t appear to be properly maintained. Broken windows and possibly a defective roof |

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|Exterior repairs needed (in order of importance) to market property. Give a "best knowledge" estimate of costs. |

|Replace roof |$5000 |

|Replace windows |$5500 |

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| Color Exterior/Interior Photos Attached | |

|NEIGHBORHOOD DATA |

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| |Property Values: | Increasing | Declining | Stable |

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| |Supply/Demand: | Shortage | Abundance | Normal |

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| |Marketing Time: | Under 3 Months | 4 - 6 Months | Over 6 Months |

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|Price Range: (Neighborhood) |High |$63500 |Low |$2200 | |

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|Number of houses in Direct Competition with Subject: |2 |Number of sales in the past 6 months: |10 |

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|Appraisal/Room count provided by lender: | Yes | No | |

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|SUBJECT PROPERTY |

|Address |

|CURRENT HOMES FOR SALE |

|Competitive Listings |

|CLOSED PROPERTIES |

|Competitive Sales |

|Please supply comps even if distance is a factor. Explain any absence of available comps, i.e., no sales, etc.: |

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|PROPERTY VALUES |

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|For Ninety (90) Day Market Period: | | |As Is Condition: |$5000 |

|      | |Repaired: |$15000 |

|For Thirty (30) Day Market Period: | | |Quick Sale: |$3000 |

|      | |Recommended List Price: |$7900 |

|MARKETABILITY |

|What current market conditions will affect the sale of the home? Available financing? | |

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|Subject is located in a neighborhood in poor condition. Subject is located by subsidized housing complexes. Subject is located in a neighborhood with a high volume of |

|REO properties, tenant occupied properties, and high risk of vandalism and crime. This property will not qualify for owner occupant financing and needs to be a cash |

|offer targeted at investors looking for rental properties |

|What are the positives/negatives of the property? | |

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|Home is in poor condition. Home is in a neighborhood in poor condition. No positives about this property |

|How do the comps that were used compare to the subject? | |

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|Used comps within 2 miles of the subject with similar characteristics |

|Note specific items that could be a potential problem: | |

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|Crime and vandalism could be a potential problem for vacant homes |

|Submitted By: |Mike Schulz |Company: |Schulz Realtors |

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|Phone:812-479-8711 | |Fax: |812-479-8714 |

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|Address: |5200 Washington Ave |City/State: |Evansville, IN |Zip: |47715 |

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Checklist of Damages

Is there any vandalism?: Yes No If yes, Where?

Broken Windows

Is there any graffiti?: Yes No If yes, Where?

Is there any damage that appears to be caused by an act of nature?:

Yes No If yes, Where?

     

Are there any broken windows?: Yes No If yes, Where?

West side of home

Are there any broken doors?: Yes No If yes, Where?

Does anything appear to be missing? (i.e., HVAC, door knobs, fencing) :

Yes No If yes, Where?

     

What is the condition and approx. age of roof?:

Yes No If yes, Where?

Roof is in poor condition and is estimated to be at the end of its life

Is this home boarded? :

Yes No If yes, Where?

No but windows should be boarded

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