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Notes On ' 9 Assets

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• 9 assets are in eviction. These assets average 409 Days in REO and have an average of 293 days in eviction (the “difference” represents the timeline to obtain the foreclosure deed, ratify or confirm the sale or allow for the redemption period to expire)
 2 of 9 are in states with extended timelines to ratify or confirm the sale or record the vesting deed
 Of those not in extended timeline states for ratification or recording the vesting deed: o 1 asset in New Jersey has had numerous delays reported to be related to both the court and the sheriff. Per Altisource, there are no issues with the firm on this asset and all delays are “uncontrollable” because of the court or sheriff. This asset has 492 days in REO o Another asset in New Jersey has had numerous problems during the eviction. It had a lockout set in November 2015, when it was discovered it was multi-unit. It is unclear why this was not known earlier and while Altisource indicated this was not identified as 3 units originally, RMS indicated this was identified in October 2015. Many of the required notices prepared by counsel have been faulty and needed to be re-issued. It is not clear if Altisource or counsel is responsible for all the issues, but this has been an asset RMS follows up on every 2 or 3 weeks since it has been in eviction. The latest update was judgment was denied on one unit as the complaint was against unknown occupants and a PI needed to be hired. On another unit, the eviction is in the

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