Example Of Eviction Timelines

of the asset (asset group) at the date it is tested for recoverability, whether in use (see paragraph 360-

R/s the contractors stated that they can’t work in the home because there is too much crap in the home. R/s contractors said that there is clothes, food, pot and pans everywhere. R/s there is so much stuff throughout the kitchen you can’t see the counter. R/s he filed for eviction of the family and the court date is September 6th.

Days in REO for active assets increased to 215 days in November 2017 compared to 187 days in October 2017

If incarceration had come to define the lives of men from impoverished black neighborhoods, eviction was shaping the lives of women. Poor black men were locked up. Poor black women were locked out”.2 Stability and housing, while considered to be separate aspects of one’s life, are deeply intertwined. Race has invariably played a role in financial stability and obtaining housing as it has impacted the distribution of housing through stringent eligibility requirements for tenancy and preferential selection on part of shelter-seekers.

Overall, RMS believes the Altisource personnel work diligently to resolve issues, however many of the delays identified require coordination with Ocwen Loan Servicing for resolution, particularly the Contract Management Department (execution of documents) and foreclosure counsel (typically related to vesting deeds). Our concern is the coordination does not always appear to function smoothly, causing unnecessary delays. In these instances, RMS requests Ocwen’s oversight to escalate any issue where overall timelines appear extended

It begins to establish fair market value (basis) for tax reporting purposes. Note that it is estimated at this time and that some values are subject to change. Items with “pending” in the comments column represent accounts that I have requested to be closed, filed required documents and I am waiting to receive the funds. I am following up and working to close the accounts and get the funds as quickly as possible. It is a slow challenging process, but ultimately the Estate will be paid.

Sampling of known “sale” properties are not being assessed uniformly at 50% of true cash value

The first time i went out of the United States, was the first time I was the cause of our eviction. My mother and I lived in a homeless shelter with a curfew of 10:00pm. We couldn’t sign into the residence unless the other was already present. The rules were strict and upheld by security guards. There was always the threat of having your housing swiped away. I was given the rare opportunity to travel to Tohoku, Japan for two weeks to interact with survivors of the 2011 tsunami/earthquake disaster and how a country grounded in traditions recovered from a tragedy. When I received my acceptance e-mail, there was a rush of emotions. I was afraid of traveling thousands of miles away. Yet, I was excited to be traveling to land of anime and my favorite

6 assets are under contract. 2 of 6 are in a state with an extended timeline to ratify or confirm the sale, complete the redemption or record the vesting deed. These assets average 385 days in REO, have an average of 113 days in eviction and average Days on Market of 69.

Across the United States, vacant homes are sitting useless and have a negative impact on the housing market. According to census.gov (2018), at the end of 2017, the vacancy rates of homes were 6.9% for rentals and 1.6% for homeowners. Thousands of homes are sitting empty when they could be demolished to benefit the housing market or repurposed to benefit someone else. This is a problem that needs to be solved so that homeowners, the economy, and communities can reap the benefits. Although vacant homes are a large issue, it is important that the pros and cons of bulldozing homes are heavily weighed before choosing whether or not demolition is performed.

Protect short-term housing risk. No immediate decision would be necessary to sell Northbrook home or convert it where it would be burdened by a renter. Home will be maintained in an empty status until the expiration of the Probationary Period. During this time, I am seeking support on the mortgage, or the “Housing-Probationary” Relocation Package benefit.

As RMS continues to indicate, based on our observations and more importantly on the review of assets during our weekly calls with Altisource, RMS continues to believe on many of these assets, the condition or location of the property is the primary driver behind not only the large reduction in list price, but ultimately a sales price well below the initial list price, all of which contribute to extended days on market and an increase in carrying costs incurred by the Trust. We believe one of the contributors to this relates to the Altisource process where the listing agent is not local to the property and typically has not personally visited the asset to assess the condition, the location, drive by the comps and generally may not be

Net Asset Valuation was the valuation to value Liberty Property Trust. The reasoning for using Net Asset Valuation is that real estate investment trusts are just a bundle of individual properties and their gross real estate operating assets and the net operating real estate on their balance sheet. Total real estate value is the largest driver for the value of the company, and total real estate value usually drives between 90% and 95% of their revenue and their net operating income

2 listed assets have a variance (current list price as a percentage of the initial list price) outside of what RMS believes is an acceptable range

A victim of foreclosure has to think creatively in order to find ways to take advantage of a good real estate market. In doing so, these buyers may discover that the “rent-to-own” option provides many advantages with only limitedfinancial risks making it a valid alternative worth serious consideration. “Rent-to-own” options, vary state to state, but are legally binding contracts that typically involve a renter leasing a home for a set amount of time with the option to purchase it at a future date for a predetermined sales price. While the benefits of the “rent-to-own” option for victims of foreclosure are interwoven, the renter’s finances, material interests and reputation are all protected.