QUALIFICATIONS OF THE APPRAISER

JANICE A. HILEY, SRA, CIAO

POST OFFICE BOX 428

ROLLING PRAIRIE, IN 46371

Phone: 708.602.3737

Website: www.janhiley.com

REAL ESTATE EXPERIENCE

Present JANICE A. HILEY & ASSOCIATES, INC.
  President
  Engaged in real estate consulting, appraisal and review for lending
  institutions, attorneys, municipalities, corporations, developers and
  individuals independently and in association with Members of the
  Appraisal Institute.
1991. 1996 Part-time faculty member at Moraine Valley Community College
  teaching appraisal licensing courses.
1985-1989 JAMES O. HAMILTON & COMPANY, INC.
  Senior Appraiser
  23 South LaSalle Street
  Chicago, Illinois 60603
  Engaged in commercial, industrial and residential real estate appraisal
  and review for a Member of the Appraisal Institute serving clients in all
  fields.
1982-1985 TURNER CORPORATI0N
  Chicago, Illinois
  Assisted a project manager in the development of office buildings in the
  Midwest.

REAL ESTATE EDUCATION

  APPRAISAL INSTITUTE
2011 Worldwide ERC Relocation Appraising Seminar
  National USPAP course
2010 Appraising Historic Preservation Easements
  Business Practices and Ethics
  Appraising for the Small Business Administration Seminar
2009 USPAP Update Seminar
  Appraisal Curriculum Overview
  Worldwide Relocation Appraisal Training
  Introduction to Financial Reporting
2008 Green Buildings and Real Estate
  Indiana Statutes and Rules – Indiana Law
  Business Practices and Ethics
  Introduction to FHA Appraising
2007 Advanced Income Capitalization
  General Market Analysis & Highest & Best Use
  Experience Review Training Seminar
2006 Standards of Professional Practice Update
2005 Professionals Guide to the New URAR Form
2004 Standards of Professional Practice
  Appraising Convenience Stores
  Separating Real and Personal Property from Intangible Assets
2003 Appraiser as Expert Witness
  Documenting and Defending Appraisals
  Fraud, Flips and the FBI
  Property Tax Appeal Board Mock Hearing
2001 Standards of Professional Practice
  Appraisers & Fair Lending
2000 Advanced Income Capitalization
1999 FHA and the Appraisal Process Seminar
  Appraisers and Fair Lending Seminar
1998 Standards of Professional Practice
  Advanced Applications
1997 FHA Appraisal Seminar
1996 Case Studies
1995 Illinois Ad Valorem Taxation Procedures
  Performing Real Estate Evaluations
1994 FANNIE MAE, Appraisal Seminar
  Persuasive Style in Report Writing
1991 FIRREA,Appraisal Review/Cert.Seminars
1990 Case Studies in Real Estate Valuation Course
1989 Basic Valuation Procedures (Passed Exam 1A-2)
1988 Seminar: Writing the RM Demo Appraisal Report Symposium: Current
  Appraisal Guidelines, Regulations
  College Equivalency awarded by A.I.R.E.A.
1987 Standards of Professional Practice
  Capitalization Theory & Techniques,
  (Passed exams A & B)
1986 Industrial Valuation Course
1985 Real Estate Appraisal Principles (Passed Exam 8-2)
  Residential Valuation (Passed Exam 1A/8-1)
  Seminar on Evaluating Residential Construction
  MARSHALL AND SWIFT Seminar: Residential Cost Handbook
  CHICAGO ASSN OF REALTORS – REALTORS INSTITUTE
2007 Income Property Analysis
  PRAIRIE STATE COLLEGE
1978-1979 Basic Real Estate Transactions; Real Estate Law
LICENSES Real Estate Broker Corporation – State of Illinois No.078007225
 
  Since 1990
  Real Estate Broker - State of Illinois since 1985 No. 075-086111
  Real Estate Broker – State of Indiana since 2008 No. PB20803158
  Certified General Real Estate Appraiser - State of Illinois since 1992
  No.553.000638
  Certified General Real Estate Appraiser - State of Indiana since 1992
  No.CG69201459

ORGANIZATIONS

THE APPRAISAL INSTITUTE

Residential Member

General Associate Member

Experience Review Committee 1993-2003, 2008-09

In conformance with the educational requirements of The Appraisal Institute and the Appraisal Foundation

ILLINOIS PROPERTY ASSESSMENT INSTITUTE

Certified Illinois Assessing Officer (CIAO)

ROTARY INTERNATIONAL (Past member)

Director, Community Service 2007-2008

Director, International Service 2006-2007

President, Matteson Rotary Club 2005-2006

REAL ESTATE BOARDS

Chicago Association of Realtors

Greater Northwest Indiana Association of Realtors

GEOGRAPHIC AREAS OF BUSINESS (Predominant - Others upon request)

Indiana – Lake, Porter, LaPorte, St. Joseph, Jasper, Pulaski and Newton counties.

Illinois - Cook, Will, DuPage, Lake, Kankakee, Grundy, and LaSalle counties.


TYPES OF PROPERTIES APPRAISED

Commercial - Office, Retail, Mixed Use, Shopping Centers, Hotels, Hospitals, Nursing Homes, Special Use Facilities, Leased Fee.

Industrial – Light to Heavy Manufacturing and Special Use

Residential - Single Unit Residential, Condominiums, Cooperatives, Small Income Properties, Mobile Homes, Farms, Vacant Land, PUDs, FHA (FHA approved by examination), Mobile Home Parks, Proposed and existing subdivisions.

TYPES OF USES

REO, Liquidation, Divorce, Mortgage Lending, Relocation, Eminent Domain, Vacation, Easement, Tax Appeal, Condemnation, Right-of- Way, Appraisal Review.

All FNMA/FHLMC form appraisals for all types of properties. Restricted, Summary and Self-contained narrative reports for all types of properties.

MAJOR CLIENTS

JP MORGAN CHASE BANK HARRIS BANK

NORTHERN TRUST COMPANY

THE LA PORTE SAVINGS BANK

CITIZENS FEDERAL d/b/a CHARTER ONE BANK LSI RELOCATION SERVICES

GUARANTEED APPRAISAL MANAGEMENT DIAMOND BANK

MIDWEST BANK AND TRUST

1ST EAST SIDE SAVINGS BANK GREAT LAKES BANK

CORE LOGIC

LA PORTE COUNTY CIRCUIT COURT LAKE CITY BANK

CITY OF CHICAGO – NEIGHBORHOOD STABILIZATION PROGRAM

THE PRIVATE BANK

REFERENCES UPON REQUEST