Free Complaint - District Court of California - California


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Date: September 5, 2008
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State: California
Category: District Court of California
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Case 3:08-cv-03977-JCS

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ton l'1f,5 .a0i,1L VL,hd0Ni id x)[Esr]sdvarc.yat]nrid? r. l"lark lpp r'sB, nc rV

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Eomrd aL.ll

sdney scholl

f l: No. 050530JG cdmrJ okrahomr srale oK Tncdde 73003

16424Efrest cdu.l Fro0elvAdCress
!5rer Washi4glon t'tdual 8ank, FA

TASLEOF COIITENTS

L]NAN Sun|{lrr'r Di;r il di!Skelrhirrft rr .i,rl$L{4 ;lood Uat SLF,ne tl L iidr Cordirors

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lornrltCP- T0.aLl.r r'tftcla rF3rrla solllde by3 2 n,oie rc

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lF,re oma3oJd No

Shk ok 7n cnle 73003 lot Leoellescfdlon 4, B oct 11. Reocm! Poi.re S.c 1 tusr6sofs Patrel R2o52s17o0 lo. IaxYe$NtAssd BE Taxss sM.h rs'ssftd\$ 000 Cr,fl O\ J B doeD.d oe'looFenl c,ou! LLc 0*rrm fl o$ftr fl trmrt Fl t,aorr r o D e l1 q t ' 2 D F d s r d N r e e S r r 0 e I ! P o E . r l , o pt " l o J D !tulhod l04l i c o m m h r l fi r J t w r m , v r Nam Reoen.yPoinreAddirion Nei0no'hoodProi..l or lliaDAelct6c. CXa1I214l111 Ce66Trad |iA Lr.sd,lri &a Sai$d 0l oincheors/ctmrssiors Grc!i $lbr lDL Lefdeioni washirE o. Mdu.lBaok FA Addcss 591 Broad@y, S.Mha, cA 95,176
Addrr{ rl?'6 N Don.ad S.'03 O k l r h . m a C i t y ,O K 7 l I l 2

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,19,0 2
r. not aprrrtet t..tor..

E Ndrikiy I ! tnproes

trkry

Nei0hbdrl"doi hound:iies Jn rharucarlsli.s Bounded on the North by We.t 2hd Stet, on lhe SoLti by West 1sth Steet, oh the West by Porthnd and on the Ea6t by f"by Avehue in Soutr!-st_Edl]1gd_ _- . _ ia.lo6lhalilkc:ltErwtelabi|lyo]lhploEilEs|ii|tf|!ibnfoJd(Dloti|nlyLL)elrIDntal]dantn|bs A new m.rkel afea ol q@lilv homes rn mosllv new .ondiri.h. Ged access to al a hen! e6 shools 3 nd .ood access lb : .ro6sro\s ahd abod 5 miles to DMowr erpres6\y Edmcnd. Ave.@

MaleI.otdil0ls[tEs!b.cli*lqhL0'hod0jcMn0nDponfotih!;boecii.6060lakdloIhenad0lpIo]lnyl?!6demt(sUDyfdlmikii{1[E su{has cn.oooellipr00ediei salernlhe dala lo idgrrhorh0od, descriOtron prclarefte saks iinm.ing olhe 0f ard mfas0rE, ilc ) The frBtropollan oklatDha Cnv area has been favda bV atrected wnh tE advern ot bwEr interFt rates ove. ri basi 4-5 veaB. ranoiM rrom
4 5 lo 5 5 peae.n givim tv-ely hlatile harket All loms ol fiMming is available wth .on%ntioEl lehding being rhe tust used

.. P'oi.cl Lnto,nrtior Pli06(r aN rcabre) s $e d$drperlburddc0drot re ucnre ld ir (fiA)? or 0sft6 Alsociatim llN0 Ey" Approx lotaiftmbr0l uhlis t|lesuiet poFcl male li 23 A0proximaleldarnlmbroturitsldsahtiSEsubpdtOr0ed 7 Deso crnor e smnk aM rfleal omllircr be rties Greenbetr. oool oarl 6nd cofrmDna rea mainreErce Tonoll'aohy Fafiy level -_ Tvpicallorarea Sire Sh.pe RecGnsular ._ ociB3r 4pp!eq!qqq,!! Hrdt( & t{n 6e a m[*d vhw . A.!!94eL Landscapiig Av.raqe ror th. srea Eb.tidrl El El l-l Dr[w.ySldrce concrete ea' Clr./!]rds Corcrete eAenr6ils Nohaf Ul lhv lE E] ll Appddd wrrd L! tEMAsp,dJ focd FaDrd a.e ll 16 3Io sanira,vseler E iEl AZ0E X .-_ UarlxP, 7t2t2CB2 FFMAM?n 4OrOSCOtl6,lG ln Cohftil5 (a00a:ntrdrdsc.6.meils e(rdcrmenls sp4ci!lrsressmds sltear0rt Lleqrlor !qrioncontom0groin06e etc) hls or erc.o3.hmer s obsend

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Adve etunoimnkl lidis isnrhis butrcllmkdio luDfdoLrssasLes lrisliNs s .0nd loi. ,0redialevrliniy ol lb soq,n rrqdy !Lq!!rysl9?fv!j!Itq!!l!!t4"r"!!!9!4!

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Case 3:08-cv-03977-JCS

Document 1-3
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Filed 08/20/2008

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Borr4/Ckr sro.'! s(fsl, jo F'0r1r k., rba2a rm6r Cor|| ai! qdho.d 1.1d6' Washnolon M(nla Bank.FA

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Subjcct Front
6r6s LiYrnq Area 4 096

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6W dmond Restlentil 11,400 Ex.elbrn

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Case 3:08-cv-03977-JCS

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Page 6 of 12
l?,blli 05053081

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lCompalable Photo PagG

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Case 3:08-cv-03977-JCS

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Filed 08/20/2008

Page 10 of 12
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Case 3:08-cv-03977-JCS

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lFGtl)Go$ojcl

pti.r lrli.h ? prop,lyshoud ig In d cdnpelilive oplnnu d undd,l codlijois DtFllllTlON OF MAnXET VAfllE: Ih trrosr b od Fohrbl slirulus ltrDlit in lhls aqurlr i0 a latrsale, buFf ard sehr,earhaclliqFd$dy, iiowkdoea.rt assumnq pdcs s not 4flid4dty ir4du! arn rhe llE (1) deln[dnis llE coMmaijoi ol a sah6 ol a speD'ied aid lla l)assirq fi]e lron relfl io buyd DdercoiCilioos dl v.lctsayr bqe' a'n se rr are dala ly0caL|ymo!Yaled(2)L0lhpad]esarvellin1omedo|wcla&8ed'andedhaNli!ii!lB1h!0r6ldgshis0Nnbeslk.ler6I|p]a'ealonabhtillEilal!d lor ep|sft ii $ oEi riad(elrI4l primnl is mde m ldns ol cashln U S dollals0l m terms0l lrMnclal arranFndls coqraGbhlhfleldtari (51tE pric ( reoreseiis ioinal !06iderali0n lfri or0piiysob dmlirded soeckl nealw lira,ring vhs c0i.2sdd6'granted aiyoft asscialed w(h by or bt tiE hr

'Adiush*rts to rb conioarabbs b. nadr Jor sriirl 0r cr*ttive rumingfi sd$ corcessiorsN0 adt|Blmls de mtessary l musi p,d by selle$ a resL{ol lradtlon lavrli a m*et area dEsecosts readt idodifiaoh !fi.h arc rotmaly s or are br thossc0srs shre tie seld payslh*e ,osl! n vinratrfall sahs 1rara.liotrs Specal dealivtilMicriq ad6lmd! cah h mala 10 llE fi ifrotoedli lh. cofrp3kbb Frd!.rry by cmliisoG lo frnerinq terc o(ead by e trird Danyis&r,lioial hider llBl s nol alrdady dn, dedhancal d0l!r jor dolarcon ol Itu lmnihg o' .on.esroi or 0roplrry lransadionarv idl$lmn shold ncl bi talculrled lrre based he on bL,{L\e dolla lmoufl ol arryadpnoerl sho!d dtD'ornate niadeLrreelon ld ltE lrrrciiq or concessrcG aopetersrLdom.nl

AlTO APPRA]SER'S CERTIFICATIOII STATEMEIIT LIMITIHGCOIIDITIOIIS OF
CoNfl GGilT AilD LIMIII||G CO{D|T|O S: Thea0DBisdfs csnilirarlon aD0a$ li thr aD0ra6al lhal c0o'1is slbjerllo lhe iolorxrr

r ttt a0Orasei ndr0er6poinbhtor mands a lcgat wlt oi iru/e firot afird .hrfl Ilp !.op!(y beiigappraisedfte lte 10ll lhe atFajsdasres ]ral ff lh,1i|esqoodefdmrbL!ceaAd'!i.iel0ld.{nolld!ddai!ooid0saboUt1f|it|i'llEpr0Der[|5!ooraijedo|lfha!soflt|^!d0lf'ooij]bk

2 TIE ?oprais ias prd dd r sklch n he ippraisar0!0n to sho! approliale drndNlofs 0l tu improlennts llE sket.hrs hcluded aid ody h dssst rN nader l.e rpi).n v6,altrn!llEprrjreny moccra|d lhea0pdiserdde.m'nar is si?? ln ed n! i nn 0f 3 TIDa[lass hasesnrlL]ed aulzble lhe 1Md mps that lrrovlde. 1! fedo;rrnBqcrcy a{ irl itMqrmil Aqamy 0lhddab r0ur!4)rnd 1r4 noled ior n he atinszlreocflwhe${ Fc slblctlsileis l@aled andcnltedstec,alFiood i iladrdArea.Eeiafe l]rerurrasd s ml a slieydr hedrslremales noqu,larr*s. tr0ress irnGd rqrdhq lhr dctdnimroi or 4 TIE aDBsfll nolglverestinorjo'app3ari0iourlb3c!16horslrirude!nrptBs?i01lh?rotdyiqLrestLoiD65s!ed'caraumentslddo a li s0h,|ye h?d.h?l0chan. ter 5.Ih?appfi!tlhaje'i|n,r1dlh!Vd]joilhe|aid]ilte.ola3]nloeL:h,!lih9h9sIa]dbeslLsea|'dl|Ei0]Jl|Ntmoll5

p6me 0l haddous 6 ifr dop'dsf has $hd n theaprcFale0o'1ary adfrse loddiLro'6 Msles tori. issh rs rE!@d.!0a6 deDredaloi:re iub!ra('cs, elc) oLscto.d lruolved penorfinq L. duriiqlie hs0eclrm ho srbrs! Fo0fl { lhri h. 0r sh! b0camaLre di dmn?themmd cs?ar.n d th! aDpidi' llnessollD.rse sld3dii lhe dpprai5alrp0ri dppi?ircr i0 lioovhdgi anyhlddmor lMppaad cmdrl06 01llr D$prry ia5 lhe ol 0l id]'s9i!ilo|fn|amidlimj(i[c1Ud[rlh9pf*|t.lhJialdoU5'anh1.thsUllld1ct5elc)lhdlwudmaktE!.0F|tyneoIbssvdUa&'and h asnrftr rhd rrre re m srih.sndiro$ aln mik6 n. lruriilecs rr srirlh! e4r?sr or lfrtrlrd 403idliglrr condirdn rhep'ope4t lhe or lh:llEr such rppftiw wir n01 rcspoNiue aiy suchcardloN lfdl d0 xr{ r. 10ri]ry eltneei{ 0r lrstLfq mqlrtbe.equred Crsmver be lor llial l0 rie iporlmml oot be ronsidend an iolfirns e!s: SsiaLrs! amrarerB nor ai *pen li D ied 0l eflftnentar hardiis ti! appaisai us !i!r,on0rla assssrrn d fi. D,00en/ i rhe apt?Es obhric,l lilomlloi es:rales iid ormlon! rere cxOrssed lfd,r0prarsl| llBi lr eron kom s0ur6 lMl he or siE.cNd.6 lo be tho relabl0 bcd.s lim i0 b. trle id.otrel aid Ttre lporalsd dos nolasslm,rspoi5ibrlly hr rccuacy lo; ol5!ch ilenj lhalvrre rudshed 0lfer by

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TrEappriissdll nt dLsdode crilnls ol llD alloraLsal exrect 0l(idedlor n Irr Udton Slaidads Prcl6sioulApFaisrl lE rpirl ar ol Pkcie

lhe aoonisdhrs bded h,s or hd aDpiaisa rcDrri,nd vdtrrlror.('r.srdi 10rtrr apprarszl is rdberl t, radsiaclory llD, conpletoi, rcoac or ans:i1i5dntu a$unolhtat domdsdn lM mprdenIr6 dl {llb. Oendrn?d podfrailke lna danDr llE aD0rarser pio!& hs 0r tEl onorwrillefi mdsl .onsmlbclore fncd/client ir ftpoil cai dslib0te appksatapon lir llD slrilled ttu appirisal ideriil_v 0rokssrcBl tfe a|d dcsiqruums. relecncb lo aoy p'ol:ssonal dd aDpra6rl ik|lldiiq .Nd6i06 abo{,1 |lrq:'ry v?be.thr apDraijtrs t as$cataiit0 ary.f clhr lhal lhebor0rrrithi monqage {s sldess06 and or assrgttIlt nodgaqe oilanizations linr \i1li v/,hich apFa(s 15 r tiri in5u',rc0isL,{aiIs'0'o1$5on!|app.aijaloIqaii]al[marnabd,edeidlIapprWdJ|naicie||i5tIut]of0Ia[ydepned oj1heUiiedstats|'ahyslaltflh'Dslric10ico|Umtraiefdlha1llledl{]f/.|]dll]navdh|liie1ioI wdtenc0Ned irri l0pocrl flrsl llso .oiedim or apo'lfq sMa(sl wiholl hrvnq1o oblditr appirberrpro vllen c06eLt Trt iLp0rais*l lhr |3 rLk red bdoc he rDpiarsal be cor(e!4i bl anloie t0 lhe ouhc liroulh ad!.dlsing, can l)uhir readD$.ilrs sabs or otE med6 li

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Case 3:08-cv-03977-JCS

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Page 12 of 12
F,r].b-oin5roi6l

celries ao.esurat and APPAAISEB'S CEBTIFICATIOIiI: TrEAp!6ise, es l0 1 | |!le rsea|.hedth. $btocl ma.k.l 4!a andt6ve selecled mm a fiw 0r thresre.eil saks 0r proirer mst smilt andpr0rima{e lrD slhiecl trofny Jfi roisrderai i0 ttE satls Nodoadsm l0 on anatslsaid h&e rode a dolhr adiustoHllvien aprroo'lale rslbd thero el cact on10lhdselpns 0l slg.alt3.11 lealoi liasiqdlcdldeminaco'hparableor0tedyissuped.rlo0fmorehrmbelleilmsLbF{lpro|)tny,llElam?dean.qalrc!4slmrlorcdu* prdDcrl) id4iorlo,dr h$ laydabr.l|!nlh prcpedy, ln a s subildl hde nade lheadjusled oi.e ol lhecom0a6blc ll a siqtrrrlcanlilrm conpaabb sls ad a p6irivd adiunhrnricreasr rlf,adju$ed Flceol tir co,nparabk. sal6 h iol have:rn roacl rn laLD n hr ddedpmdr lid eslrrrh ol ddd 6fud n,tu alpraha[pdrl I hzre ot 2 | Mw lakeiidd coisiddatiol lado6 that lhe kmliigly anyslgnilcad lilomuJon lrd lhe app6halftpo't dn bleue rhebesl0l ov rnslledqr,lhal slileEds !||d ifo'halionh [E l0 al "ilhiidd apprasa re0orl lrc aid dofrect de mns.a|n dontcids, rh|.i dc lrlail on! lo lie ionrrnleol 3 slat! li he aDoraisala00n onymy oui pdsdd, lrbascd eia lohssionraialyrs,0D a0d mtun0 cotuilom socclled inlhs lra 4 | have presenl 0r6p6li!e inbrcstln lhe proDe'ly m or thalis l13 subFcllo tlrs 'enorl,a't I hate no oresenl r6F.tNe rrlonnl idesl or blaslxti tr rspeil t0 xie Fartcltids in M nar6a*0f. I did n01base, eilherparijal prcspslive propdrly o' lt pnstnl slalus, oriqliol dilh! IID orfr or occlpads lh, srblecl ol or onllreEe mlor,rci904s* handlcaF.lamiial e Rrlioral prpedl lrth. vLlniry llEsubie:l ol owners orc!0?irs rhe or 0l lroteires 5 hawno prsar or .mtenDbled lulureinreestIn nE slbied Fope.ly.afd triiq a!Ddlsal commqerrtlie amahedva[4 oj lheprope'ly h dr ny cuftd dr lLilur qndcyn*"r i0' r, compeisai l0r pe/ionnq lhls 0d

6|Y1a5nclaquEdlof0o'llpredleminedVa[ro'd|rclj0nnva|'e1t|la!06lh.sU5c0ILhc.IL6ioraiyrdedDa'1y1herm0Un|0lVau9cs0iB1e lt.aia|rolasp{lii'6![0t|Pmdrrlm*olas$sEL}]neved]n0ddloleco!enyi'npei5.|io0!4cl0lenr],oyitllilol0ellol lo:t|rovea sE.i{c ror'aie o?r dldml bA.lh:44rblsalepdn a req@sied di nlnimmv! ullor 3 siftllrcvaualion 0rrh,ieeo /. Ioedome!IhsapOdisafidooriityv/ilhlhellnilomSlalardsdlPrcfgsotoAppcrsiPraxl..dlleetsaCoplrd,mDromull],tedbythrApprarst dil! Slecrds 80ard Tlr lnprasalFoodalior lhalwflelr [l2d as 0t lh ellcilive 0i llrisiroprafrlvhhth4acco0cn U.rdira.lr prorislcn lhoie oi ad ol ol sh0dalds9hichdfsi0lap!iy|ackno9|edqet]ra1aes1imahdarasombal]mel0re40s[eh|i?n|enFa*elisd$ndr|Ljil^edelniln0i0Ed!a]B I s aid the slimaledddcDed ro$ slcri eilh fie malatiN Iirc io'd r lhr mqhLrortoise4lof 0'lii rrri. Lii.ss I luw otnr;e slnedli llD

8'|h'Je0els0n!|]inspec1ed!|Emtelfaider1d!0lali?sdllhe5!te.1Dl0oeiiyald1heen'lLd;|a0|0De4est1edascdm'aEb.si1ao0'a$a|eood inprEnd s oi ll.sltJedsili d 0i ai! slr Llil r rlE imfnlrls liunnd *niJt lhaiI hawnded,r dppaenl tnsvi add* toidlo6 ii l|l suiledl d valu vi.ir!! ol dE subi{l y0p.O ol vhch 1amawa@ hdre afd madiadi6tEnh lor lfBe adle6e .0d[otrs in myamilss ol lhepropedy t0lheerleillfal lhadmarke: elidetre luppod lo lftnr. hlvedlso i0rnrneild abollltu eilect lie adyerse 0l mNli0ris th: nrd(e1ab ci lhE eclaropedf 0n lilf sub 9lp6ona|yp'90&edaL|'0ll6o.JandoollioIab0|ilfta]esialetha|w'Iesl|odl]inIbap|JDisi|tllon|la]edon!q||Jca[L)|ol6s|0n I'om aq irnNduar rdruidrah thepe'lormaoe lheapprarssl theDrDa.?lon lhee0onlsalre|)oih,c mnrd srih iidi/dfl(s) ard in I 65islarce d 0l o' 01 d6cl05edf50ecdi.tash'terlol@db}ll.4hdlher.oncla|dn5ed|ni0lllrs,D0Dsllp4nl.cdiyli.i'n,'ndMdulsoi?med1s;|iedlc|.d0im is lhclask h3r nn adhorrec aiyoiel0.iakc adha$cl0 ar! iem iilfe rcpo(lfddor. I ai jauthor .haiqc oudc1olf. a4r; sL clitl | wll lak

,epdd ,p|rrsr rqneilfe ;DD,aisa he0-s e c:dn6ardzqreei rlril SUPEBVISOAY APPRAISEB'S CERTIFICATI0S:rl a rurre,!60,, |dieclysu0e|r|sellEi|pPraLsdWh1pr0ardt|napplnsaecdlh,!a'?!i'L{?dlh;]|o!lsar0!4ll'aE4\lh!!deieds]d a,trde10b.h0!|nbylheaoorais(s.sllhalionsnunbdd4flouqrTabove zndanlai[qlLrllks0onsb a9!rasL lm4rt asl .c00fl tyio lne md ADDRESS PROPEBTY OF APPRAISED:jq4?a Eftsr co-'4 E!qql{I3n.q3_ APPRAISER: SUPERVISOAY APPAAEER (only if rEuired):

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Case 3:08-cv-03977-JCS

Document 1-4

Filed 08/20/2008

Page 1 of 16
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Case 3:08-cv-03977-JCS

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Filed 08/20/2008

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Uniform Residential

F eddie i,rla. Fom /0 i,4ach 2005

Page2 ol6 to.m10i4 'WilolAl' am6 salso{vare a amcde,m-l.3m.AlAtio0t hy

Fannie Mae fom 1004 Mrch 2005

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Case 3:08-cv-03977-JCS

Document 1-4

Filed 08/20/2008

Page 8 of 16

lJniform Residential

Frcddie Mac Fdm 70 Ma.ch 2005

Page3 of 6 10,m1004 'dlnIoIAL'aplraEat sottwa.e a ianed, ioc by t.800.AL M00E

Feni Mae Fom 1004lva.ch?005

Case 3:08-cv-03977-JCS

Document 1-4

Filed 08/20/2008

Page 9 of 16
lFre o5otrJcl no.

Uniform Residential Appraisal Report

smhary Alpraisl Fk, 050571JG

rportan apprailal a_one-unir poperty o' a one.0nitpropedy wih an acLessory un/t; ,Tjl..j:.r^"119jI,! -dT'!jlJ-d,lo ncruorng un. n a pta|nedunit devDtopmen 9t This repalttorm is not designed reportdn arpmisatot a a (pUD). ro manufactuEd homeor a unit in a condorninium coopmtiy proiect or Thrsapprdrs.al reponis subiectto the fottowing scopeot work, intended use, Intnded user,denntuon markejvatoe. ot s{aemen( ol_assump[ons nmitn{ condfuons. cedjncatons. ano dnd Modrtications, adddjons, detUons thc tntended or to However. aodnrondt cedriaatonslhai do ro this app.arsar report, such as thaserequ.red raw or'rroie rerael to rre appraisers oy l1*"jT1{:..1*:!,1"El{ons comnu|trg duca[on memoershp an appraisal or in orgdnizatlon, permitred. are

assumprrons yyLf".l9"!^T:,,_!g.f'sol rg,rq Idu9,..9' and rmirrns gi conditi;ns notpermined appniser are Trre mjy romctude rsearch or necessdry onrie iomptexfiy appraisat based o.r'rris :y1I-11 ..",9p_9,,91-!91 any.addnionat are analysis 4srgnmeff Moorlrcarons de|etons the ce(ilicarions also not pemitied. or l0

SCoPE0f WoRK: The_ sc00eof wo(k for this appraisat deUned ths comptexity this appraisat is by ot assignment the and 'jqrllTJq. ol dlrs.appraisal rpon lonii inclodins th fo[iiwlns deJiiition'olmarkeivalue,stataenr or 9q91!sassumpnons_ tunongconditions, ceftitrcations appraiser and and The must, at a minimum: pedorma comptete (1) visual inspection tie intrior of afld sxterior areasot the subjectprol;rty, (2) inspect tne neiqhboriobd, inspcte:ch ot the G) IlT_1-lenst.rhe (4J resarch, verity,and anatyz p data fiom-retiaore irii anilor p,i";t":;;;*, TTl:{ay:_:dS- or nef anarysrsi ster, ano {rt reponnrs opinion!.dnd conclusions ihrs apprahdt In repod us or thrs appraisatrport is ror the tender/crient evaruare propeny mar ls rhe to rhe Ul!PP.!!Et rn$ apprasat d ,jI: :"J!nd4d suDjecr or tor mortqaqe ftmnce transacton INTENDED USER: Ihe intnded user or rhis appraisat rporlis tie hnder/ctient DERNIIIoNOFITARKEMLUE: The most probabte price whrch a p.opedyshoutobrins In a compem*eand open mafrer underali cond(ions requsireto d lair sale,lhe buyerand setrei,eactr'aaingprude;w, EnodedoFsbrv dssummo and Ine pnce |s nor an.c(edDy unduestimulus. lmDlicit this delinfuon the consurnmation a saleas ot d sftLdied darean; in 's ot pamesa.e war lnrormed wefi advisedand eachaclng m whar he or sh consideEhis 0r her o. own best inlerest a3)d arowedr0r exposure the openmarleti (4) payment madein terms ol cashin U S. do[a6 or'i; tems ifl is ol ftnancial anangements comparabre thereto; and (5) the pri;; r;presenb tne normarconsd;;;tion ror l}'e property sord unaficted speciar creative by or tinancing satesconcessions* or giantedby anyoneassociared lne sare. wth *Adiustmenls lhe comparables t0 must be madeto. specialor creative fimncing or salesconcessions adjustments No are necessary thosecostswhlch are normally rot paidby selleGas a resu{tt tradiion or taw in a martet area.fliese costs are pays rhes; ;osb in viduay atr saresr,aniiai*" sl!"i"i c,earive rinancins 1e,1-d.:l_,1_".Tt1*1".:T:_!e_!_erh' aoluslmenG De madelo fie co'nparable can propetty compansons linancing by "i t! tems otferedby a ihid parqiinsttuniona{ lender,rhat,is aheady nor Invoived he propefiy h or_tra;sacti . Aoy adjustment;hota not u" Dn a mechanicat 0I tn Inancindor ._oncession the ddtar amountot any adjustment "ar"ur*"0 t'rn shoutdapproximate ma*et s the reaclion the linancing conces;ions to or basedon tne app{aiseas iudqment STATEMEIoF ASSUMPTIoNS AND LIMITING CONDTTIONS: appraiseiscertification tnls reportrs Th in subjectlo the lollowingassumptions timitingconditionsl and I rhe appraiser not be .esponsible mattersof a legalnaturethat affecterther properry wili for rhe Derns app.a6ed ihe rifle or to it exceptfor inlormatio. hat ne or she became av/are;l duringthe rsafoh involveo rierrormrnq appraisat. in thrs rhe appraiser assums that the taueis good and mart(etabk wi n;t renderany opinions jboi,Ittie nte and 2 The appraisr provided skerchio this appraisar has a repaftto show the appronmate dimensions the rmproveme,ts Dr lhe stetch is included onlv to assistthe readerin visratizing prop"rty,nit *o"otunoing ire appraisersdeterminalion the 3. Ihe appraiser examined availabte has the flood mapsthat are provided the Federat by Emergancy Manaqement Agency (or othfl datasources) and has natedin this app.aisai rcportwherher*V p6rt"" srUi"r sne 6 bcated ii an identilied Special Floadthrard Area Because appraiser not a suwiybr, he or she maies no guaranlees "iti" fli is express or implied,regadjnqthas determjnatian j:,^1" -T,oj,?:rl]l'l_!9J qrve.teshmDny appear cour because or she madean appraisat rhe property questjon, or in he or in uness speclrlc arrangemnts do so have been madebeforehand, as otherwise lo or reqtiied bV law. notdh thrs apprarsat repodany a{tue,se conditaons (such as needed repars,detnararon, tre :"^-IlT^-"pg'"j::1,19 wasrs, or Fresence nazafoous toxic substances, etc) obswddudngthe inspectioo the subjctpropertyd that he or of sr* be",xre awareof duringth rsearch invorved perrorming in fte_appraisai. unressotherwisd $aied in-this appnisai report.he apprdiser no knowledqe any hiddeflor unapparent Ms ol ptrjsicatdeficiencies adverse or conrrrtrons tre ot limrtedro,.neded repairs, detrioraaion, iresenc or halardous th; wasres roxrc subslances. ll.."pj-g ^q::l-st-9'l conorlrons, ""t etc.) lhat would makelhe property less valuable, and has assumed that there are n0 such conomons and maresnc quatanrees warrantres, Dr e&ress or imptied. The appraiser nol be responstbte any such will tor condfionslhat do e(rst or fol anv enghns 0r testiig that mtgit be requir; to a""""ei i.ir'iiri"r such condtrons exisr. 8-ecause-the appraher nor an.erpei jn he lieid of e-nvir*."itrr na:art", rriJdil;; is ;;;ii musr not be consrdred as an enviroflmntal assessment tie prope(y. of 6 Theappniserhas basedhis ot her atpraisalrepoftandvaluation conctusion an appraisat rs for that subjectt0 satistactory ' that ,aai'", ii jns oniheassumpti;nthcom0rtion, ",-Jdr'aiiJ"i tt'" ",bi;"i ;.;;'ty ;ii ilT,itj?ft;"?f 5 ,,?i,fl",lil,

j1"*lp:,.9.91'g:-Pl :qre, buyer.under to conditions whereby: ruye, serrei typii"rrv (t) ant are ;;,i;aii,-iiii"r'ii

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I

Case 3:08-cv-03977-JCS

Document 1-4

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Page 10 of 16
Fe No.050671n summaryAppraisal

Unif Residential orm Appraisal Report
APPRAISER'S CERIIFICATIoN:TheAppnisa.cerriries aorees and rhat:

l. I haye,at a minimum, developed reported appraisal accordance be scopeot wo* requirements and this in with statedin repo( lhis appraisal 2. I perfomeda cornplete visualinspectaon the interiorand exteior areasof the suiiect prapertyI rpoited conditiDn ol the of the improvemenls factual,specificterms. I idenlilied in and reported physicaldeiiciencies the that could afiect the livability, soundness,or structural integrity ol the property. 3 | perlomedthis appnisalin accordance with the rquirsmenis the UniformStandards Prcfessional ol of Appraisal Practice that wer adoptedand promulqatedby the Appnisal StaodardsSaard of The AppraisalFoundation and that were io placeat the tme this appraisal .epod was prpard. 4 | develDped opinion the marketvalueol $e real propedy my ot that is the subiectol tfs reportbasedon the sates corytaison approach val|]e.I have adequate to comparable marktdata ta devlop .eliablesales comparison a approach lor this appraisal assigflmenl. lurthercertilythat I corsidered cost and incomeapp,oaches valubut did not develop I the to them,uo'essoherwiseindicated tnis report in 5- | researched, verilied, analyzed, reported any cunentagreemeBt salfor the subiectpropdy, and on for any aflerjngtor saleot the subjectproperty the twelvemonthspriorto the eftectiv an dateol this appraisal, the priorsalesof ihe subject and propedy a minimum threeyeals priorlo the etlective io. ol date of this appraisal, unlessothMiseindicated this reporL in 6. i researched, verilid, analyzed, .eported the pdor salesol th comparable and on saleslor a minimurn one year prior of to the dateol sale ol the compamble sale, lnlss otherwise indicated this report. in T lselectedandusedcomparable pnysically, functionally mostsimild to the subiect salesthatarelocalionally, property. and the 8 | havenol lsd comparabl saies thatwerethe rcsultof combining landsalewih the contract a purchase priceof a homethat has beenbuiltor will be buit on ihe land. 9. I havereported adiustments the comparable to salsthat reflect ma*t's reaction the d ierences the to between subject the pfoprty and the comparabl sahs. 10. I vritied. froma dasintersied sou,ce,all inlofmalion this repart in thatwas provided padies by who havea nnancial intrest in ihe sale 0r hancing ol the subjectproperty ll lhave l
12. I am aware andhaveaccess ihe necessary aOpropriate ol, plblic andprivate lo, and datasources. suchas multipte listinq publictandrecords services, assessment tax records, and othersuch datasoufces lhe areain wh,chthe propeny located. for is 13 | obtainEd mlormatjon, the estamates, opinions and turnished olher parties by and enressedin this appraisal rcportirom reliabie sourcesthat I believe be true and correct. to 14. I havetakeninto consideralion factorsthat have an impacton valuewith respect the subjectnelghborhood, the to subject propedy, andthe proximity the subtect of propeny advers to influsnces the development my opinionol market in of value.I havenatedin this aporaisal rportany advers (suchas, bLrll|ot limited needed conditlons repars,deterioration to, the presence hazardous ol wastes, toric substances, adverse environmental conditions, etc.) obsewed duringthe inspection the of slbiecl property that I bcame or awarol dudngthe rcsearch involved peforming in this appmisat. h;ve considrd I tnese adveGe conditions my analysis the prope.ty in of value,andnavereported the efiect0f the cond{ions the valuand on on marketability fl,lesubjectproperty. of 15 | havenot knowingly withh?ld any signifacant informatjon lrom this appraisal reportand,to the best oi my knowtedge, att slatements antormation this appraisal and in rcportare true and conect. 16. lstated in Ihjs apprajsal ,epot1 own personal, nry unbrased. p.oressi0nal and analysis. opinions, conclusions, and vr'hich aresubtecl onlyto the assumpnons lmrtingconditions this appraisal and ifl rpo( 17. I haveno prssent prospective or interest the property is the slbject of tiis report, I haveno present ifl that and or prospctiveprsoml anterest bias with respectts the partjcipantsin the tnnsaction I did not base, eithrpartialy or or compltly, analysis my and/oropinion ma*et valuin this appraisal o{ reporton t} race,cotor,rc{igion, agd,maital sex, status, handicap. familial stalus,or national originof eithr prospctive the ownersor occupants the subieDt p.operty of tn of or present ownersor occupants ttre prcperties the vicinityoi the subiect o[ property 0n anyothrbasisprohit]ited law. in or by 18. My employment and/orcompensaton performing appraisal afly tuture0r aflticipated for this appraisats was not condfioned dny agreement undrstanding, 0n or writtenor othrwis, I woutdreport{or presefltanalysis that suppoding) a predetemined speciticvalue.a predetermined minimum value,a ranqeor dirccdon value,a valuethat favo6 the causeof in any party,ar the attainment a speciticresuttor cccurronce a specilicsubsequent ol of event(suchas appro/at a pendinq of loan applacation). mofigage Jc I nersDnally prepared conclusions opinions all and aboutthe reatestat that wereset fodh in thi:; appraisat repo( tf I reliedon sionrlicant propeq appra|sal real ass$tance from any ifldividual lndivid(als the grJomran;of this appraisal or in or the preparation lhis apprajsal of .port,I havenamedsuch individual(s) disclosed speci{ic and the tasksperlomedin this appraisal repo( | certirythat any individual namedis qualifedto perfom the tasks.I havenDtauthorized so anyone make to a clrange fiy item in this appraisal lo Eport; therlore, chanqemadeto thasaporaisat unadhodzed I wil takeho any is and 20 | idnhtied lender/client hrs apprarsai lhe in repolrwho is the indivjduat, orqafliation, agert tor lhe organilation or that oroefeo w|||recerve appra]sarrelort imo n6
F.eddie Mac Fom /0March 2004 Page ol6 5 form1004 WoT0Tlralp.aisal soltwac a lafrodeiic by 1.800 ALAMO0:

Fenie Mae Form1004lMdch2005

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Jal Fr Nqnsos
Smmaty App66al

Report Appraisal Unif Residential orm

21. Tie tende./clientmay disclose or disaibute this apprajsalrport to: the bor.owei anotherlender at tie requestof lie boffosei lhe mortgageeor its successors and assiqns; mortgageinsurers; go'/emment sponso.edente.pdses;oher scofldary martet participants;data cotlectiofl or repoding seflices; professionalappraisal organizations:any depaftmnt, agency, or Inslrumefltatfty the tlnited States; and any state, the District oI Columbia,or Dtheriudsdictions;wihout having to of thasappraisal must be obtaifled belore appraiseis(if applrcable) consenLSuch consent tne app.aiser's supeNisory or obtain public advertising, but or to reportmay be disclosd distfibuted any othrpady (includinq not lmitedto. lhe pud'c through relations, news,sales,or olhermedia), or 22. I am awarethat any dasctDsurc dhtrib$aon ol this appralsalreporl by me or the leMer/client may be subject to certain laws and rogulaljons.Further,I am also subiect to the provisionsot the Unilom Standardsof ProfessiooalAppmisalPmctice that pertainto disclosureor distribufioflby me. the or mortgage another lender tie request th borrower, mortgagee its successors assiqns, at ol and 23. Thebonower, insurem,govemmntspons0redenteQrises,and otier secon&ry market participantsmay rely on thasappraisalreport as part linance transactjon involves oneor moreof theseladies. $at o{ ey mortgage any 'electronic record' containingrYty"elcaonic signature, as ttose terffs are 24. lf this appraisal.eport was bansmittedas an ol and/o{ siate laws (excluding audioand videorecodings), a lacsimite or transmission this defined applicatle in fedral appraisalreport conhining a copy or fepresentation my signatur,tne appft*sal report snall be as effeclive, enforceableand of nry contaning oiginal nand writtensignatu.. valid as if a pa!e. veGionoi this appraisal reportwere delivercd repoft may resultin civil liability and/or misreprsentation(s) contamd ihrs appraisal in 25. Any intentioflal negligent or or of c.iminalpenaliies includinq, not limitedto, fne or imprisonment both under[re provisions Iitle 18, UnitedStates bd Code,Section1001,et seq., or similarstatelaws AppBiser crtilres asresthat: SUPERVISoRY APPRAISER'S CERTIFICATION: supewisory and The haveread appraisal the report, agrcewiththe apparser's and L I directly srpewised appraiser this appraisal th lor assignment, certilication analysis, opinions, statments, conclusions, th appmiser's and lull lor ancluding, not limited the appraiseis bd to, anatsis,oprnions, 2. I accept responsibility the contents this appnisalreport of c0nclusions, the appraiser's and statements, certilication identified this appraisaj in or Dl appraiser the 3. fte appEiser rcpoltis eiiler a sub'contractor an employe the supeNisory ior statelaw. appraisal ,rm), js qualtied perlom this appraisal, is aDceptable perfomthis appraisal to and ! underthe applicable Appraisal and 4. This appmisal reportcomplies with the UnilormStandards Prolessional 01 Practice thal we. adopted promulgated ihe Appraisal by Stan&rdsEoardol Thc Appraisal Foundatron that were ir placeat the time this alpmisal and repon was prpareo. my 'electronic 5 lf this appraasal reportwastransmitted an 'electronic record contarning agnatu.e, 6 thosetermsare as in ldemlandor statelaws (excluding audioand vdo recordinqs), a facsamil or transmission thas ol delifled applicable and feportcontaining copy or representation my signature, appraisal a the reportshallbe as effeclrve, enlorceable appraisal ol valid as il a paperversionol this appraisal containing original my nand writtensignature reportwere delivered

APPRAISER renyGi|| Srgnature

APPRAISER SUPEBVISORY {ONLY fiEOUIREO) IF Signature

4?16 N Pordandste 1o3 OkiEhonaCitu OK73l12 TelephoneNumber 4o5 60.4-0725 [email protected]

--,_ _ .__

CompanyAddress TelephoneNumber EmailAddress

Date Sisnature Repo( O.tobq 20, 2005 of and Etlctiv0ate ol Appraisal ocroberlS l0o5 statecertincatian # arosler{descib) Stat # State Exoiraton Date 0lcedlication orLicense 12131/2006 ADDRESS PROPERIYAPPRAISED Of

,

Datcol Signaure
,t StdteCertiliLaLion State

Expiration or Cedificauon Oate orLicense SUBJECT PRoPERTY property not s|]bieci E oad inspect propetty exterior subject ol lrornsveet I Didinspect f propedy Didinspect interaor exterior subiect and or
Dale of Inspectiofi

APPRAISED VATUE SUBJECT Of PROPERTY 567.000 $ LENOEfuCLIENT

SALES CO[,IPARABLE extrior comparable ol sales lromstreet i. ] Oidnotiospect inspectexterior comparable tl Ord of sales fromstreet Date lnspectjDn of

EmailAddress

Freddi Ma. Fom 70 March2005

6 Page of6 ;0,m100"1-'WLnToTAr hc alp.aisal solt,rae b mode bya 1801ALALloot

Fannie filaeFom 1004Ma.ch2005

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Subiect Photo Page

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Case 3:08-cv-03977-JCS

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Case 3:08-cv-03977-JCS

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Building

Filed 08/20/2008
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Case 3:08-cv-03977-JCS

Document 1-5

Filed 08/20/2008

Page 7 of 12

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Case 3:08-cv-03977-JCS

Document 1-5

Filed 08/20/2008

Page 8 of 12
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Case 3:08-cv-03977-JCS

Document 1-5

Filed 08/20/2008

Page 9 of 12
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Case 3:08-cv-03977-JCS

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Page 11 of 12
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Case 3:08-cv-03977-JCS

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Filed 08/20/2008

Page 12 of 12
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IIOIIDE APPITAISAL SERV ICE

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Document 1-6

Filed 08/20/2008

Page 2 of 30 P,02
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APPRAISAL SVC FRI JAN_27_06 i(]:26 AI{ ROllDE
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Case 3:08-cv-03977-JCS

Document 1-6

Filed 08/20/2008

P 301/a2l

Page 3 of 30

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