AVM/Fraud Check ReportTuesday Apr 25 11:12:35 EDT 2006123 / XXXXX01 / Teranet Inc

AVM GRADE:

FRAUD GRADE:

HIGH CONFIDENCE

PASS

100%

100%

Neighbourhood range: $121,898 – $499,900

Average sale value: $381,437

Median sale value: $394,500

Median lot size: 409 m2

Neighbourhood sales: 32

PIN 000000000

Registered Owner: Doe, John

Estimated Value: $437,603Estimated Value Range: $415,277 – $459,930

Equity Estimate – Mortgage Information

Estimated Value: $437,603 MINUS Registered Mortgages (Face Value): $170,000 EQUALS Est. Available Equity: $267,603

LTV: 0.69 Total Outstanding Mortgages: 2

Fraud Check Summary Aerial View of Property

FRAUD CHECK RESULT: PASS/FAIL FRAUD CHECK RESULT: PASS/FAIL

Active Mortgage: No Conc. Mortgage:

Price with N’hd Range: Vendor is Corporation:

Price Difference [$]: Active Judgement:

Price Difference [%]: Active Caution:

Suspect Purchase Price: Active Liens:

Loan to Est. Value Ratio: Power of Sale:

Recent Sales: Discharge:

Previous “Party To’’: Unusual Discharge:

Prior Foreclosure: Frequency of POS in Area:

Ownership Information

Party To: Doe, John Consideration Value: $234,900

Sales History

PARTY TO: REGISTRATION DATE: CONSIDERATION VALUE: INSTRUMENT TYPE:

DOE, JOHN 06/25/1999 $234,900 T

JONES, DAVID; JONES, DEBBIE 06/21/1985 99,900 T

PURVIEW ® REPORT

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

12345 any rd, mississauga

Neighbourhood Sales at Valuation Date

PIN ADDRESS CONSIDERATION VALUE REGISTRATION DATE AREA m2 METERS FROM S.P.

000000000 366 OAKLAND DRIVE $319,900 06-28-2007 516 141

000000000 598 WALNUT ROAD $324,000 07-25-2007 649 56

000000000 318 PINE TRAIL $317,000 01-29-2007 696 326

000000000 245 OAK AVENUE $320,000 06-10-2007 676 456

000000000 19 RIVER STREET $405,900 07-19-2007 430 570

000000000 62 MILLBROOKE AVE $375,000 04-08-2007 410 364

000000000 84 RIVER STREET $407,875 06-21-2007 444 328

000000000 41 EVERLONG CRT $415,800 07-07-2007 436 247

000000000 58 EVERLONG CRT $419,900 02-14-2007 424 364

000000000 12 MILLBROOKE AVE $403,900 01-16-2007 416 218

Neighbourhood Sales at Sale Date

PIN ADDRESS CONSIDERATION VALUE REGISTRATION DATE AREA m2 METERS FROM S.P.

000000000 601 WALNUT ROAD $292,000 05-30-1999 520 60

000000000 613 WALNUT ROAD $312,000 03-31-1999 617 108

000000000 331 PINE TRAIL $305,000 06-27-1999 512 392

000000000 369 PINE TRAIL $302,500 08-08-1999 512 445

000000000 487 MAPLE CRES $298,000 09-26-1999 533 650

000000000 23 APPLE ROAD $319,900 10-28-1999 490 900

000000000 14 MAITLAND STREET $298,000 01-15-1999 475 360

000000000 37 MAPLE CRES $310,500 01-18-1999 480 400

000000000 56 APPLE ROAD $329,800 04-12-1999 419 820

000000000 75 WALNUT ROAD $398,900 07-28-1999 430 550

Neighbourhood Index

Municipality: MISSISSAUGA Perimeter: 92 m

Assessment Roll Number: 000000000000000 Registration Type: LT

Description: PCL 00-0, SEC 0000000 ; LT 00, PL 0000000 ; MISSISSAUGA

Subject Property Identification Information

Address: 12345 ANY ROAD Area: 410 m2

Total LRO Sales: 371647Total Block Sales: 300

+ Subject Property Sales Price(s)

Average LRO Sales Price

Average Block Sales Price

LRO Sales Distribution % of Total LRO Sales

Block Sales Distribution % of Total Block Sales

+

Individual Valuation Details

Number of Sales to Calculate Neighbourhood Average at Sale Date 10

Number of Sales to Calculate Neighbourhood Average at Valuation Date 10

Max Radius Used for Collection of Neighbourhood Sales Around Sale Date 700

Max Radius Used for Collection of Neighbourhood Sales Around Valuation Date 700

Number of Sales Available on Subject Property 1

Number of Sales Used to Calculate the Final Estimate 1

Valuation Acceptance Details

FILTER AND REJECTION CRITERIA RESULTS RULE WEIGHTING PASS / FAIL MESSAGE

Test Ratio 1.66 Greater than: 0.5 1 The results for this criteria Smaller than: 2.0 are within the ranges of the acceptance criteria

Neighbourhood Score 1.13 Greater than: 0.7 1 The results for this criteria Smaller than: 1.5 are within the ranges of the acceptance criteria

Standard Deviation of the Estimate ($) $22,326 Less Than: $50,000 1 The results for this criteria are within the ranges of the acceptance criteria

Standard Deviation of Neighbourhood $16,494 Smaller than: 1.0 1 The results for this criteria Average at Valuation Date ($) are within the ranges of the acceptance criteria

Standard Deviation of Neighbourhood $5,913 Smaller than: 1.0 1 The results for this criteria Average at Sale Date ($) are within the ranges of the acceptance criteria

Relative Error (%) 5 Less Than: 20 1 The results for this criteria are within the ranges of the acceptance criteria

Subject Property Sale Value ($) $234,900 Min Value: $5,000 1 The results for this criteria Max Value: $750,000 are within the ranges of the acceptance criteria

Subject Property Area (m2) 412 Min Value: 1 1 The results for this criteria Max Value: 500,000 are within the ranges of the acceptance criteria

✓

✓

✓

✓

✓

✓

✓

✓

Fraud Check Details

FRAUD CHECK RESULTS RULE WEIGHTING PASS / FAIL MESSAGE

Active Mortgage 2 An active registered mortgage 1 The records indicate that this exists on this property. property may have an Active Mortgage registered.

Price within Neighbourhood Range 2.20 The proposed purchase price 1 Proposed purchase price is within iswithinanacceptabletolerance thetolerancespecifiedforthe of the neighbourhood average. neighbourhood average.

Price Difference ($) 12603.41 The difference between the 1 The difference between the proposed purchase price and proposed purchase price and the estimate is within the the estimate is within the tolerancespecified. tolerancespecified.

Price Difference (%) -02.97 The proposed purchase price is 1 The proposed purchase price is within an acceptable tolerance within an acceptable tolerance of the estimate. of the estimate.

Suspect Purchase Price -0.56 The proposed purchase price is 1 The proposed purchase price is within an acceptable tolerance within an acceptable tolerance of the estimate. of the estimate.

Loan to Estimated Value Ratio 00.686 The loan to value (LTV) ratio is 1 The loan to value (LTV) ratio is within acceptable range. within acceptable range.

Recent Sales 0 No registered transfers in the 1 The property records indicate that past six months. this property may not have been recently transferred.

✓

✓

✓

✓

✓

✓

✓

Previous “Party To” 0 Last name of applicant does not 1 Applicant or related party does not appear as a “Party To” previous appear to have had a previous transfers type documents. ownership interest in the property.

Prior Foreclosure 0 No foreclosure document 1 The records indicate a foreclosure registered in the past two may not have been registered on transfers. this title within the past two transfers.

Vendor is Corporation 0 The vendor is not known to be 1 The records indicate that the a corporate entity. vendor may not be a corporation.

No Concurrent Mortgage 0 The property has sold with a 1 The records indicate that the concurrent mortgage being property may have been recently registered. transferred with a concurrent mortgage being registered.

Active Judgement 0 No Active Judgement type 1 The records indicate an Active documents registered on the Judgement may not exist on title. property.

Active Caution 0 No Active Caution type documents 1 The records indicate an Active registered on the property. Caution may not exist on the title.

Active Liens 0 No Active Lien type documents 1 The records indicate an Active registered on the property. Lien may not exist on the title.

Power of Sale 1 No Power of Sale documents 1 The records indicate a Power of registered in the past two transfers Sale document may not have been registered on this title within the past two transfers.

Discharge 0 No registered Discharges in the 1 The number of discharges past12months. registeredintheperiodspecified is less than or equal to the specifiedtolerance

Unusual Discharge 0 No mortgage discharges since 1 This check indicates that no the date of the last transfer that Unusual Discharges may recently have the same “party to” as any have taken place. of the mortgage(s) (if any) that was (were) registered on or after the last transfer.

Frequency of POS in Area 0.0 The neighborhood does not 1 The past frequency of POSs in the exceedtheacceptable areaiswithintheconfigurable frequency of past POS activity tolerance within it

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

Customer Reference

SALES PRICE: $425,000 / MORTGAGE AMOUNT: $300,000 / MORTGAGE APPLICANT SURNAME: SMITH

Purview System Information

Job Type: AVMFC Date Submitted: 8-23-2007

Valuation Date: 8-23-2007 Teranet Job ID: 00000000

AVM Model: MARKET MODEL FC Model: MARKET

AVM Model ID: 00000 FC Model ID: 00000

AVM Model Type: Point Model FC Model Type: N/A

Aerial View of Neighbourhood and Subject Property

Aerial View of Closest Comparables

PIN: 000000000

Address: 598 WALNUT ROAD

Consideration Value: $324,000

Registration Date: 07-25-2007

Meters from S.P.: 56

PIN: 000000000

Address: 366 OAKLAND DRIVE

Consideration Value: $319,900

Registration Date: 06-28-2007

Meters from S.P.: 141

PIN: 000000000

Address: 12 MILLBROOKE AVE

Consideration Value: $403,900

Registration Date: 01-16-2007

Meters from S.P.: 218

Reports Not the Official Record.ReportsotherthantheParcelRegister,obtainedthroughPurview™RiskManagementServicesarenottheofficialgovernmentrecordandwillnotnecessarilyreflectthecurrentstatusofinterestsinland.

Currency of Information. Data contained in the Purview reports are not maintained real-time. Data contained in reports, other than the Parcel Register, may be out of date ten business days or more from data contained in POLARIS.

Coverage. Data, information and other products and services accessed through the Purview Risk Management Services are limited to certain land registryofficesintheareasidentifiedonthecoveragemap.

Completeness of the Sales History Report. Some Sales History Reports may be incomplete due to the amount of data collected during POLARIS title automation. Subject properties may also show nominal consideration or sales price (e.g. $2) in cases such as transfers between spouses or in tax exempt transfers.

The Property Information Services, reports and information are provided “as is” and your use is subject to the applicable Legal Terms and Conditions. SomeinformationobtainedfromtheLandRegistryInformationServicesisnottheofficialgovernmentrecordandwillnotreflectthecurrentstatusofinterests in land. Use of personal information contained herein shall relate directly to the purpose for which the data appears in land registry records and is subject to all applicable privacy legislation in respect of personal information. Such information shall not be used for marketing to a named individual.

© 2002–2007 Teranet Enterprises Inc. and its suppliers. All rights reserved