Hanover Park Foreclosure

FORECLOSURE ACQUISITION BINDER Christian Chase - Foreclosure Agent at Chase Real Estate 630-527-0095 Office 630-484-5534 Mobile christian.chase@mychaseagent.com www.ChaseForeclosure.com

Property Address:

1325 HIALEAH LN

City:

HANOVER PARK

Zip:

60133

After Rehab Value (ARV):

169,000

Purchase Price:

110,989

Rehab Estimate:

12,800

Rental Estimate:

1,489

INVESTMENT STRATEGY FOR SUBJECT PROPERTY Rehab and Sell Rehab and Rent

ATTACHED DOCUMENTATION Pro Forma Rehab & Sell Pro Forma Rehab & Rent Comparative Market Appraisal

NOTES:

Property can be Flipped (Low Market Time) - Nice Cash Flow After Cash-Out

Print Form

Mortgage payment (interest only) Taxes Insurance Association Dues Utilities Monthly carrying costs

PROFIT CALCULATION Selling price: Less: Purchase price Less: Rehab Less: Carrying costs Less: Commission Less: Closing costs on purchase Less: Closing costs on sell Profit: Rate of return on money invested

$511.01 $476.25 $33.33 $0.00 $50.00 $1,070.59

INPUTS: Appraised value Selling price Purchase Price Annual Taxes Monthly Association Dues Rehab Homeowner's Insurance Closing costs on purchase Interest rate during rehab Loan amount during rehab (85% loan) Points paid on loan

$169,000.00 -$110,989.00 -$12,800.00 -$5,352.97 -$5,070.00 -$3,000.00 -$2,000.00 $29,788.03 78.8%

Summary: Down payment (85% loan) Rehab Closing costs on purchase Carrying costs Total dollars required:

FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED

$169,000.00 $169,000.00 $110,989.00 $5,715.00 $0.00 $12,800.00 $400.00 $3,000.00 6.50% 94,340.65 0.00

$16,648.35 $12,800.00 $3,000.00 $5,352.97 $37,801.32

Interest only payment Taxes Insurance Association Dues Total Payment less: Rent Cash Flow

Rehab Period $511.01 $476.25 $33.33 $0.00 $1,020.59

APPRECIATION CALCULATION Appreciation Percentage Initial Appraised Value

5.00% $169,000.00

End of Yr 1 Value End of Yr 2 Value End of Yr 3 Value

$177,450.00 $186,322.50 $195,638.63

PROFIT CALCULATION Cash Inflow Selling Price Yr. 3 3 Years of Cash Flow Subtotal of Inflows Cash Outflow Less: Commission on Sale Less: Closing Costs on Sale Less: 3 Yrs of Repairs Less: Carrying Costs Less: Back-end Rehab Subtotal of Outflows Gross Inflow Less: Current Loan Gross Profit Less: Money in Property Less: Deposit Returned Profit:

Rental Period $732.33 $476.25 $33.33 $0.00 $1,241.91 $1,489.00 $247.09

Interest rate during rehab Interest rate during rental period Loan amount during rehab (85% loan) Loan amount during rental period Points paid on loan

Money tied up: Appraised value: Cash out % New loan amount Minus original loan

$195,638.63 $8,895.12 $204,533.75 -$5,869.16 -$3,000.00 -$1,800.00 -$3,725.74 -$4,000.00 -$18,394.90 $186,138.85 -$135,200.00 $50,938.85 $1,059.03 -$1,489.00 $50,508.88

INPUTS Appraised value Selling price Purchase Price Annual Taxes Monthly association dues Rehab Homeowner's Insurance Section 8 Rent

(90 days to sell)

Points on refi Closing costs on refi Cash out Upfront money Money in property during rental period

$169,000.00 $169,000.00 $110,989.00 $5,715.00 $0.00 $12,800.00 $400.00 $1,489.00 6.50% 6.50% $94,340.65 $135,200.00

$169,000.00 80% $135,200.00 -$94,340.65 $40,859.35 1 -$2,000.00 $38,860.35 $37,801.32 -$1,059.03

* Investor retains tax write offs for mortgage interest and depreciation, property taxes FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED

Comparative Market Analysis Property At: 1325 HIALEAH LN Prepared For: Chase Investor

Prepared By: Christian Chase Chase Real Estate, LLC

Office Phone: (630) 527-0095 Direct Line: (630) 527-0095 Personal Fax Number: (630) 701-1030 Email: christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Subject Property

Street Number: 1325 Street Name: HIALEAH Street Suffix: LN City: Hanover Park State: Illinois Zip Code: 60133 Total # Of Rooms: 9 Bedrooms: 4 Bathrooms: 2 Lot Size: Oversized Chicago Lot Type of House: Split Level Dining Room: Separate Living Room Size: 23X10 Master Bedroom Size: 17X11 Basement: None Garage Type: 2.5 Car Garage Parking: Off Street Age: 26-50 Years Exterior Building Type: Aluminum/Vinyl/Steel Siding Elementary Sch Dist: 20 High Sch Dist: 108

Prepared By: Christian Chase Chase Real Estate, LLC

Short/All Photos (Thumbnail) - Client 1600 BEVERLY Court, Hanover Park 60133

LP: $144,900

SP: $145,000 (F)

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07401836 Area: 103 Bdrms: 4 Year Built: 1972 Baths: 2 Taxes: $5,400 Rms: 8 Approx SF: Fplcs: 1 Master Bath: No Type: Split Basement: Yes Level Park Type: Garage #Cars: 1 Lot Dimensions: 62X169 Subdivision: Greenbrook Directions: LAKE TO GREENBROOK S TO ARLINGTON RT 2 ANDOVER 2 BEVERLY

GREAT INVESTMENT PROPERTY / BEING SOLD IN "AS IS" CONDITON / PROOF OF FUNDING MUST ACCOMPANY ALL OFFERS / PREAPPROVALS NOT PRE-QUALIFICATION LETTERS / EARNEST MONEY MUST BE CERTIFIED FUNDS / FAX ALL OFFERS TO THE OFFICE / NO EMAILS PLEASE. Christian Chase Chase Real Estate, LLC (630) 527-0095 1315 Macom Drive, Unit #001 Naperville, IL 60564 christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Short/All Photos (Thumbnail) - Client 5502 Cooper Court, Hanover Park 60133

LP: $149,900

SP:

PROPERTY INFORMATION Type: DE Status: CTG MLS #: 07365892 Area: 103 Bdrms: 3 Year Built: 1972 Baths: 1.1 Taxes: $4,469.90 Rms: 6 Approx SF: Fplcs: Master Bath: No Type: Split Basement: Yes Level Park Type: Garage #Cars: 1 Lot Dimensions: 11,324' Subdivision: The Trend Directions: Country Farm to Greenbrook E to Hardy turn on Celebrity and to Cooper.

3 bedroom, 1-1/2 baths split level. Large lot with above ground pool. Finished basement with half bath. All appliances included. Some new windows. Living room wtih sliding door to back yard with pool. Garage turned into exercise room (12x12). Easily converted back to garage. New shopping and expressway. Great price for subdivision. Some updates needed. Short sale.

Christian Chase Chase Real Estate, LLC (630) 527-0095 1315 Macom Drive, Unit #001 Naperville, IL 60564 christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Short/All Photos (Thumbnail) - Client 5505 Crosby Court, Hanover Park 60133

LP: $182,000

SP: $162,000

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07438888 Area: 103 Bdrms: 3 Year Built: 1970 Baths: 2 Taxes: $4,747 Rms: 7 Approx SF: 1500 Fplcs: Master Bath: Yes Type: 1 Story Basement: No Park Type: Garage #Cars: 1 Lot Dimensions: 42X144X24X124X101 Subdivision: The Trend Directions: County Farm to Greenbrook Blvd E to Star, S to Celebrity Cir. (left) E&S to Crosby Ct.

Located on a quiet cul-de-sac at the back corner of the subdivision. This home has views of the Dupage river &Mallard Lake Forest Preserve. Updated kit. w/add'l cabinets, breakfast bar &neutral stone tile floor extending to the entry. New roof in '07, windows in '04 &'06. Large mstr suite includes br2 of floor plan; could be restored. Open floor plan with 1/2 wall between sunken liv rm & dining area.

Fenced yard.

Christian Chase Chase Real Estate, LLC (630) 527-0095 1315 Macom Drive, Unit #001 Naperville, IL 60564 christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Short/All Photos (Thumbnail) - Client 5767 S RING Court, Hanover Park 60133

LP: $165,000

SP: $163,000

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07442199 Area: 103 Bdrms: 4 Year Built: UNK Baths: 2 Taxes: $5,558 Rms: 9 Approx SF: Fplcs: 1 Master Bath: No Type: Split Basement: Yes Level w/ Sub Park Type: Garage #Cars: 2 Lot Dimensions: 62X125 Subdivision: Directions: LAKE TO GREENBROOK S TO ARLINGTON W TO RING

BEAUTIFUL CLEAN AND BRIGHT HOME. FRESHLY PAINTED, NEW CABINETS, APPLIANCES, CARPET AND FLOORS. REMODELED BATHROOMS AND KITCHEN. THIS HOME IS ALOT BIGGER THAN WHAT IT LOOKS LIKE. FINISHED BASEMENT WITH BATHROOM AND EXTRA BEDROOM. HUGE BACK YARD FOR THE SUMMER ENJOYMENT NOTHING TO DO BUT JUST MOVE IN. THE BEST HOME IN THE AREA FOR THE MONEY. IF YOU NEED A QUICK CLOSING THIS IS THE HOME. Christian Chase Chase Real Estate, LLC (630) 527-0095 1315 Macom Drive, Unit #001 Naperville, IL 60564 christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Short/All Photos (Thumbnail) - Client 5703 RING Court, Hanover Park 60133

LP: $175,900

SP:

PROPERTY INFORMATION Type: DE Status: RACT MLS #: 07488093 Area: 103 Bdrms: 4 Year Built: 1972 Baths: 2 Taxes: $3,770 Rms: 9 Approx SF: Fplcs: 1 Master Bath: Yes Type: Raised Basement: Yes Ranch Park Type: Garage #Cars: 2 Lot Dimensions: 120X58X147X125 Subdivision: Greenbrook Directions: COUNTY FARM TO ARLINGTON (E) TO RING (S) TO HOME

Over $15,000 spent in May. Including:carpet*paint*doors*bth sink/counter & toilet on lower level. Siding & soffits, furnace in '08. Great big fenced yd with a deck, patio, shed & oversized 2 car att garage. Big living rm w/sep fomal din rm and an eat in kit that opens to the deck. On the lower level there is a fam rm that is great 4 entertaing and and the 4th bdrm and bth. Bring your dec touches for the 1st floor.

Christian Chase Chase Real Estate, LLC (630) 527-0095 1315 Macom Drive, Unit #001 Naperville, IL 60564 christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Short/All Photos (Thumbnail) - Client 5883 E ANDOVER Drive, Hanover Park 60133

LP: $179,900

SP:

PROPERTY INFORMATION Type: DE Status: NEW MLS #: 07555697 Area: 103 Bdrms: 4 Year Built: 1971 Baths: 2 Taxes: $5,407 Rms: 8 Approx SF: 1268 Fplcs: Master Bath: No Type: Raised Basement: Yes Ranch Park Type: Garage #Cars: 2 Lot Dimensions: 13517 SQ FT Subdivision: Greenbrook Directions: Route 20 to Greenbrook to Arlington to Andover

Do not wait, or this move in condition raised ranch home will be gone! Property has fresh paint and new carpeting. Property has a nice size back yard waiting for its new owners. If closed by 6/30/2010, the seller will entertain up to 3.5% in a mix of closing costs and/or appliances. The is a Fannie Mae Homepath Property. This property is approved for both Homepath and Homepath renovation mortgage financing.

Christian Chase Chase Real Estate, LLC (630) 527-0095 1315 Macom Drive, Unit #001 Naperville, IL 60564 christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Short/All Photos (Thumbnail) - Client 5701 Bedford Court, Hanover Park 60133

LP: $189,900

SP:

PROPERTY INFORMATION Type: DE Status: PCHG MLS #: 07500082 Area: 103 Bdrms: 4 Year Built: 1977 Baths: 2 Taxes: $5,762 Rms: 8 Approx SF: Fplcs: Master Bath: No Type: Split Basement: No Level Park Type: Garage #Cars: 2 Lot Dimensions: 83X1250X134X101 Subdivision: Greenbrook Directions: 20/Greenbrook/Arlington R/Andover R/ Beverly R/Bedford

BIG BIG split w/3 Bedrooms up and Family Room with Full Bath & Bonus Bedroom!! Granite Counters - Laminate Floors - 3 Season Room~~ Fully Applianced incl W & D!! Pool & Clubhouse $29.00 per month! Lake Park School District!! SOLD AS-IS /NO TAX PRORATION/NO SURVEY PROVIDED Walk to Shopping!! and Fresh Food Market!!

Christian Chase Chase Real Estate, LLC (630) 527-0095 1315 Macom Drive, Unit #001 Naperville, IL 60564 christian.chase@mychaseagent.com

Prepared By: Christian Chase Chase Real Estate, LLC

Comparables Subject Property

1325 HIALEAH LN Address: Hanover Park, Illinois 60133

Comp #1

Adjustment Comp #2

Adjustment Comp #3

Adjustment

1600 BEVERLY CT Hanover Park, Illinois 60133

5505 Crosby CT Hanover Park, Illinois 60133

5767 S RING CT Hanover Park, Illinois 60133

MLS #:

07401836

07438888

07442199

Status:

CLSD

CLSD

CLSD

$144, 900

$182, 000

$165, 000

$145, 000 (F)

$162, 000

$163, 000

03/15/2010

04/23/2010

03/19/2010

List Price: Sold Price: Closed Date: Total # Of Rooms: 9

8

7

9

Bedrooms - Above Grade: 4

4

3

4

Total Full/Half Baths: 2

2

2

2

Greenbrook

The Trend

.25-.49 Acre

Less Than .25 Acre

Subdivision: Lot Size: Oversized Chicago Lot Approx Sq Ft:

Less Than .25 Acre

1500

Type of House: Split Level

Split Level

Dining Room: Separate

1 Story

Split Level w/ Sub

Separate

Separate

Living Room Size: 23X10

18X14

14X12

13X17

Master Bedroom Size: 17X11

12X16

23X12

15X12

Model:

Coronado

Basement: None

Partial, Finished

Garage Type: 2.5 Car Garage

Parking: Off Street Age: 26-50 Years Aluminum/Vinyl/Steel Exterior Building Type: Siding Elementary Sch Dist: 20 High Sch Dist: 108 Short Sale/Foreclosed/Court Approved:

Full, Finished

Attached, 2 Car Garage

Attached, 1.5 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)

None/Not Applicable

Off Street

Off-Site

26-50 Years

26-50 Years

26-50 Years

Aluminum/Vinyl/Steel Siding

Frame, Masonite

Aluminum/Vinyl/Steel Siding

20

20

20

108

108

108

$15000 N/A

N/A

F Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$7000 Attached, 2.5 Car Garage

$15000

$7000

$0

$160000

$169000

$163000

Comparables (continued) Subject Property

1325 HIALEAH LN Address: Hanover Park, Illinois 60133

Comp #4

Adjustment Comp #5

Adjustment Comp #6

Adjustment

5502 Cooper CT Hanover Park, Illinois 60133

5703 RING CT Hanover Park, Illinois 60133

5883 E ANDOVER DR Hanover Park, Illinois 60133

MLS #:

07365892

07488093

07555697

Status:

CTG

RACT

NEW

$149, 900

$175, 900

$179, 900

Total # Of Rooms: 9

6

9

8

Bedrooms - Above Grade: 4

3

4

4

$5000 2

2

List Price: Sold Price: Closed Date:

Total Full/Half Baths: 2

1.1

Subdivision: Lot Size: Oversized Chicago Lot

The Trend

Greenbrook

Greenbrook

.25-.49 Acre

Less Than .25 Acre

.25-.49 Acre

Approx Sq Ft:

1268

Type of House: Split Level

Split Level

Raised Ranch

Raised Ranch

Dining Room: Separate

L-shaped

Separate

Separate

Living Room Size: 23X10

16X14

18X16

14X13

Master Bedroom Size: 17X11

12X14

15X12

13X12

Balboa

Spacemaker

Full, Finished

Full, Finished

Full, Finished

Attached, 1 Car Garage

Attached, 2 Car Garage, 2.5 Car Garage

Attached, 2 Car Garage

Off Street, On-Site

None/Not Applicable

On-Site

26-50 Years

26-50 Years

26-50 Years

Aluminum/Vinyl/Steel Siding

Aluminum/Vinyl/Steel Siding

Frame

20

20

20

108

108

108

Model: Basement: None Garage Type: 2.5 Car Garage Parking: Off Street Age: 26-50 Years Exterior Building Type:

Aluminum/Vinyl/Steel Siding

Elementary Sch Dist: 20 High Sch Dist: 108 Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$5000

$0

$0

$154900

$175900

$179900

Comparables (continued)

Address:

Subject Property

Comp #7

1325 HIALEAH LN Hanover Park, Illinois 60133

5701 Bedford CT Hanover Park, Illinois 60133

MLS #:

07500082

Status:

PCHG

List Price:

Adjustment

$189, 900

Sold Price: Closed Date: Total # Of Rooms: 9

8

Bedrooms - Above Grade: 4

4

Total Full/Half Baths: 2

2

Subdivision:

Greenbrook

Lot Size: Oversized Chicago Lot

Less Than .25 Acre

Approx Sq Ft: Type of House: Split Level

Split Level

Dining Room: Separate

L-shaped

Living Room Size: 23X10

22X13

Master Bedroom Size: 17X11

16X12

Model:

Malibu

Basement: None Attached, 2.5 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)

Garage Type: 2.5 Car Garage Parking: Off Street

Side Apron

Age: 26-50 Years

26-50 Years

Exterior Building Type: Aluminum/Vinyl/Steel Siding

Aluminum/Vinyl/Steel Siding, Frame

Elementary Sch Dist: 20

20

High Sch Dist: 108

108

Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$0

$189900

Key

MLS #

Status

Address

Price

Beds

Baths

1)

07401836

CLSD

1600 BEVERLY CT

$145,000

4

2

2)

07438888

CLSD

5505 Crosby CT

$162,000

3

2

3)

07442199

CLSD

5767 S RING CT

$163,000

4

2

4)

07365892

CTG

5502 Cooper CT

$149,900

3

1.1

5)

07488093

RACT

5703 RING CT

$175,900

4

2

6)

07555697

NEW

5883 E ANDOVER DR

$179,900

4

2

7)

07500082

PCHG

5701 Bedford CT

$189,900

4

2

Prepared By: Christian Chase Chase Real Estate, LLC