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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:

812 Horseshoe

City:

Joliet

Zip:

60435

After Rehab Value (ARV):

137,000

Purchase Price:

78,989

Rehab Estimate:

14,800

Rental Estimate:

1,200

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:

Flip or Cash Flow Rental. Top Location in Joliet!

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

$363.68 $242.17 $33.33 $0.00 $50.00 $689.18

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

$137,000.00 -$78,989.00 -$14,800.00 -$3,445.90 -$4,110.00 -$3,000.00 -$2,000.00 $30,655.10 92.6%

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

FOR DEMONSTRATION PURPOSES ONLY - RESULTS NOT GUARANTEED

$137,000.00 $137,000.00 $78,989.00 $2,906.00 $0.00 $14,800.00 $400.00 $3,000.00 6.50% 67,140.65 0.00

$11,848.35 $14,800.00 $3,000.00 $3,445.90 $33,094.25


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

Rehab Period $363.68 $242.17 $33.33 $0.00 $639.18

APPRECIATION CALCULATION Appreciation Percentage Initial Appraised Value

3.00% $137,000.00

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

$141,110.00 $145,343.30 $149,703.60

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 $556.56 $242.17 $33.33 $0.00 $832.06 $1,200.00 $367.94

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

$149,703.60 $13,245.84 $162,949.44 -$4,491.11 -$3,000.00 -$1,800.00 -$2,496.18 -$4,000.00 -$15,787.29 $147,162.15 -$102,750.00 $44,412.15 $516.10 -$1,200.00 $43,728.25

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

$137,000.00 $137,000.00 $78,989.00 $2,906.00 $0.00 $14,800.00 $400.00 $1,200.00 6.50% 6.50% $67,140.65 $102,750.00

$137,000.00 75% $102,750.00 -$67,140.65 $35,609.35 1 -$2,000.00 $33,610.35 $33,094.25 -$516.10


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


Comparative Market Analysis Property At: 812 HORSESHOE DR 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: 812 Street Name: HORSESHOE Street Suffix: DR City: Joliet State: Illinois Zip Code: 60435 List Price: 78900 Total # Of Rooms: 6 Bedrooms: 3 Bathrooms: 2 Lot Size: .25-.49 Acre Type of House: Split Level Living Room Size: 19X12 Master Bedroom Size: 13X11 Garage Type: 2 Car Garage Parking: Off Street Age: 51-100 Years Exterior Building Type: Brick, Frame Elementary Sch Dist: 86 High Sch Dist: 204

Prepared By: Christian Chase Chase Real Estate, LLC


Short/All Photos (Thumbnail) - Client 1409 Frederick Street, Joliet 60435

LP: $119,900

SP: $118,000

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07472180 Area: 499 Bdrms: 3 Year Built: 1956 Baths: 1 Taxes: $3,268 Rms: 5 Approx SF: Fplcs: 0 Master Bath: No Type: 1.5 Story Basement: Yes Park Type: Garage #Cars: 1 Lot Dimensions: 40X132 Subdivision: Directions: THEODORE OR INGALLS TO FREDERICK STREET (EAST OF 30)

COMPLETELY UPDATED INSIDE AND OUT! 1.5 STORY HOME - 3 BEDROOMS W/ FULL BASEMENT AND 1.5 CAR GARAGE. COMPLETELY NEW KITCHEN W/ NEW CABINETS AND CERAMIC FLOOR, KITCHEN APPLIANCES, NEW BATHROOM, WINDOWS, VINYL SIDING, FURNACE / CENTRAL AC, AND FRONT PORCH. FRESH PAINT AND NEW CARPET THROUGHOUT! UPDATED PLUMBING AND ELECTRIC. NEW ROOF JULY 04. GREAT OPPORTUNITY FOR 1ST TIME BUYER. AT THIS PRICE, WHY RENT? 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 1222 ROOSEVELT Avenue, Joliet 60435

LP: $119,000

SP:

PROPERTY INFORMATION Type: DE Status: CTG MLS #: 07498551 Area: 499 Bdrms: 2 Year Built: 1947 Baths: 1 Taxes: $3,174 Rms: 7 Approx SF: 1000 Fplcs: 1 Master Bath: No Type: 1 Story Basement: Yes Park Type: Garage #Cars: 1 Lot Dimensions: 50 X 130 Subdivision: Briargate Directions: BLACK TO MIDLAND TO ROOSEVELT

BUYER BONUS PROGRAM AVAILABLE Don't let the outside fool you. It's bigger than it looks and really cute inside. New carpet, new six panel doors, new windows, updated bath. Big family room with fireplace overlooks large fenced yard. Large eat in kitchen. There is a partially finished basement with a large rec room, great for entertaining. Plenty of parking. Garage is 2 cars wide. Great starter home. Can close quick. 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 1008 CLEMENT Street, Joliet 60435

LP: $130,000

SP: $124,000

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07121946 Area: 499 Bdrms: 2 Year Built: 1929 Baths: 1 Taxes: $2,679 Rms: 4 Approx SF: Fplcs: Master Bath: No Type: 1 Story Basement: Yes Park Type: Garage #Cars: 3 Lot Dimensions: 50X134 Subdivision: Directions: INGALLS EAST OF RAYNOR TO CLEMENT SOUTH TO HOME

JUST MOVE INTO THIS IMMACULATE HOME. EVERYTHING HAS BEEN UPDATED FOR YOU. EAT IN KITCHEN WITH LOADS OF OAK CABINETS FOR STORAGE AND PANTRY CLOSET. BOTH BEDROOMS FEATURE WALK-IN CLOSETS. FULL DRY BASEMENT W/SEALED CONCRETE FLOORS ADDS TO THE LIVING SPACE OF THIS HOME. NEWER FURNACE AND ROOF IS UNDER TWO YEARS OLD! LARGE PAVER BRICK PATIO FOR THOSE SUMMERTIME GET TOGETHERS. WON'T LAST! 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 1009 Campbell Street, Joliet 60435

LP: $133,500

SP: $125,000

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07365236 Area: 499 Bdrms: 3 Year Built: 1954 Baths: 1 Taxes: $1,120.26 Rms: 5 Approx SF: Fplcs: Master Bath: No Type: 1 Story Basement: Yes Park Type: Garage #Cars: 4 Lot Dimensions: 61 X 140 Subdivision: Directions: Raynor or Midland to Campbell St.

OWNER WANTS IT SOLD! MAKE US AN OFFER!!! 3 bedroom/1 bth, one owner home on tree lined St. in Cathedral Area*3RD BDRM COULD B FMR*New double glazed wndws*New blk wndws in bsmnt*New furnace in 2000*Water Htr 2004*New cement driveway 2006*4 CAR GRG WITH NEW GARAGE ROOF*NEW UPDATED ELECTRIC* Bring us an offer*Seller Motivated* 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 1013 Vine Street, Joliet 60435

LP: $134,900

SP: $125,000

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07390618 Area: 499 Bdrms: 3 Year Built: UNK Baths: 2 Taxes: $1,835.66 Rms: 8 Approx SF: Fplcs: Master Bath: No Type: 1.5 Story Basement: Yes Park Type: Garage #Cars: 2 Lot Dimensions: 100X128.63 Subdivision: Directions: Ingalls E of Raynor to Vine S to home

This lovely brick bungalow has been in the same family since it was built 80+ years ago! Vintage appeal combines with updates and upgrades-original unpainted woodwork & doors, brass doorknobs, hardwood floors, leaded glass window...brand new roof, pretty maple kitchen w/42' cabinets, newer windows & more! Central air, upgraded electric, 9 yr old 2.5 car garage w/overhead doors front and back. 3/4 bath up. Double lot! 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 814 BARTHELME Avenue, Joliet 60435

LP: $139,900

SP: $135,000

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07385914 Area: 499 Bdrms: 3 Year Built: UNK Baths: 1 Taxes: $3,289.18 Rms: 5 Approx SF: Fplcs: Master Bath: No Type: 1 Story Basement: Yes Park Type: Garage #Cars: 1 Lot Dimensions: 60X125X61.54X125 Subdivision: Directions: BLACK RD TO BARTHELME NORTH

ATTENTION FIRST TIME HOME BUYERS! THIS 3 BEDROOM RANCH IS IN MOVE IN CONDITION! THIS HOME FEATURES HARDWOOD FLOORS, CERAMIC TILE FLOORING IN KITCHEN, FRESHLY PAINTED LIVING ROOM, NEW ROOF AND FURNACE IN 2005, NEW CENTRAL AIR UNIT IN 2008. A FULL BASEMENT THAT IS PARTIALLY FINISHED WITH BAR AND REC AREA. ALL APPLIANCES WILL REMAIN. HOME IS IN A GREAT LOCATION! SELLERS CAN ACCOMMODATE A QUICK CLOSE! 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 1223 Wilcox Street, Joliet 60435

LP: $146,500

SP: $142,500

PROPERTY INFORMATION Type: DE Status: CLSD MLS #: 07342156 Area: 499 Bdrms: 2 Year Built: UNK Baths: 1 Taxes: $3,116 Rms: 4 Approx SF: Fplcs: Master Bath: No Type: 1 Story Basement: Yes Park Type: Garage #Cars: 1 Lot Dimensions: 60 X 120 Subdivision: Directions: Ingalls E. of Raynor to Wilcox North

Totally updated - Absolutely Perfect- New windows, air & furnace, ceramic flrs, new bathrm, copper plumbing, elec., Whole hse fan, sprinkler system for back yard, hardwood under carpet,patio, spotless basement w/tv-room or 3th bed rm. All brick exterior w/ vinyl soffits & gutters. 1 1/2 car garage. Walk to park. This brick ranch is all you could ask for. Valance & hrdwre in l.r. & sm.bed rm does not stay, no shelve 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

Comp #1

812 HORSESHOE DR Joliet, Illinois 60435

1409 Frederick ST Joliet, Illinois 60435

1008 CLEMENT ST Joliet, Illinois 60435

1009 Campbell ST Joliet, Illinois 60435

MLS #:

07472180

07121946

07365236

Status:

CLSD

CLSD

CLSD

$119, 900

$130, 000

$133, 500

$118, 000

$124, 000

$125, 000

05/26/2010

02/26/2010

03/05/2010

Address:

List Price: 78900 Sold Price: Closed Date:

Adjustment Comp #2

Adjustment Comp #3

Adjustment

Total # Of Rooms: 6

5

4

5

Bedrooms - Above Grade: 3

3

2

3

Total Full/Half Baths: 2

1

1

1

.25-.49 Acre

Less Than .25 Acre

Less Than .25 Acre

1.5 Story

1 Story

1 Story

Living Room Size: 19X12

17X10

12X16

18X12

Master Bedroom Size: 13X11

10X13

12X11

12X9

Subdivision: Lot Size: .25-.49 Acre Approx Sq Ft: Type of House: Split Level Dining Room:

Model:

Ranch

Basement:

Garage Type: 2 Car Garage

Parking: Off Street Age: 51-100 Years Exterior Building Type: Brick, Frame Elementary Sch Dist: 86 High Sch Dist: 204 Short Sale/Foreclosed/Court Approved:

Full

Full, Partially Finished

Full, Unfinished

Detached, 1.5 Car Garage

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

Detached, 3+ Car Garage

Off Street

Off Street

On-Site

51-100 Years

51-100 Years

51-100 Years

Aluminum/Vinyl/Steel Siding

Aluminum/Vinyl/Steel Siding

Aluminum/Vinyl/Steel Siding

86

86

86

204

204

204

N/A

N/A

N/A

Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$0

$0

$0

$118000

$124000

$125000


Comparables (continued) Subject Property

Comp #4

812 HORSESHOE DR Joliet, Illinois 60435

1013 Vine ST Joliet, Illinois 60435

814 BARTHELME AVE Joliet, Illinois 60435

1223 Wilcox ST Joliet, Illinois 60435

MLS #:

07390618

07385914

07342156

Status:

CLSD

CLSD

CLSD

$134, 900

$139, 900

$146, 500

$125, 000

$135, 000

$142, 500

03/22/2010

01/14/2010

01/08/2010

Address:

List Price: 78900 Sold Price: Closed Date:

Adjustment Comp #5

Adjustment Comp #6

Adjustment

Total # Of Rooms: 6

8

5

4

Bedrooms - Above Grade: 3

3

3

2

Total Full/Half Baths: 2

2

1

1

.25-.49 Acre

Less Than .25 Acre

Less Than .25 Acre

1.5 Story

1 Story

1 Story

Subdivision: Lot Size: .25-.49 Acre Approx Sq Ft: Type of House: Split Level Dining Room:

Separate

Living Room Size: 19X12

12X12

12X18

15X18

Master Bedroom Size: 13X11

11X10

12X10

12X13

Full, Unfinished

Full, Partially Finished

Detached, 2.5 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)

Detached, 1.5 Car Garage Detached, 1.5 Car Garage

Off Street

Off Street

Off Street

51-100 Years

26-50 Years

51-100 Years

Brick, Clad Trim

Aluminum/Vinyl/Steel Siding

Brick

86

86

86

204

204

206

N/A

N/A

N/A

Model:

Ranch/wbas

Basement:

Garage Type: 2 Car Garage

Parking: Off Street Age: 51-100 Years Exterior Building Type: Brick, Frame Elementary Sch Dist: 86 High Sch Dist: 204 Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

Full, Partially Finished

$0

$0

$0

$125000

$135000

$142500


Comparables (continued)

Address:

Subject Property

Comp #7

812 HORSESHOE DR Joliet, Illinois 60435

1222 ROOSEVELT AVE Joliet, Illinois 60435

MLS #:

07498551

Status:

CTG

List Price: 78900

Adjustment

$119, 000

Sold Price: Closed Date: Total # Of Rooms: 6

7

Bedrooms - Above Grade: 3

2

Total Full/Half Baths: 2

1

Subdivision:

Briargate

Lot Size: .25-.49 Acre

Less Than .25 Acre

Approx Sq Ft:

1000

Type of House: Split Level

1 Story

Dining Room:

Combined w/ LivRm

Living Room Size: 19X12

18X12

Master Bedroom Size: 13X11

10X12

Model: Basement:

Partial, Crawl Detached, 1.5 Car Garage, Garage Door Opener(s) (Auto), Transmitter(s)

Garage Type: 2 Car Garage Parking: Off Street

Off Street

Age: 51-100 Years

51-100 Years

Exterior Building Type: Brick, Frame

Aluminum/Vinyl/Steel Siding

Elementary Sch Dist: 86

86

High Sch Dist: 204

204

Short Sale/Foreclosed/Court Approved: Total Adjustments:

Adjusted Price:

Prepared By: Christian Chase Chase Real Estate, LLC

$0

$119000


Key

MLS #

Status

Address

Price

Beds

Baths

1)

07472180

CLSD

1409 Frederick ST

$118,000

3

1

2)

07121946

CLSD

1008 CLEMENT ST

$124,000

2

1

3)

07365236

CLSD

1009 Campbell ST

$125,000

3

1

4)

07390618

CLSD

1013 Vine ST

$125,000

3

2

5)

07385914

CLSD

814 BARTHELME AVE

$135,000

3

1

6)

07342156

CLSD

1223 Wilcox ST

$142,500

2

1

7)

07498551

CTG

1222 ROOSEVELT AVE

$119,000

2

1

Prepared By: Christian Chase Chase Real Estate, LLC

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