QUALIFICATIONS

Michael A. Driscoll

Ph# & Fax # 603-432-0859

Massachusetts Certified General Real Estate Appraiser

Certificate #86

New Hampshire Certified General Real Estate Appraiser

Certificate #274

EDUCATION

Phillips Academy Andover, Andover, Mass. 1971-1973

Central Catholic High School, Lawrence, Mass. 1973-1975

Boston College, Boston, Mass. 1976-1980

University of Mass., Amherst, Mass - B.A. degree 1981-1984

Lee Institute Real Estate School , Passed Sales Exam 1984

Commonwealth of Mass. Licensed Real Estate Broker - 1980

Society of Real Estate Appraisers RS 101, Passed Exam 1985

Society of Real Estate Appraisers RS 102, Passed Exam 1986

SREA RS 201 Principles of Income Property Appraising, Passed Exam February 1988

Narrative Report Writing Seminar SREA - 1987

Land Development Law, State of Massachusetts, Sept. 88

Appraisal Standards & Ethics, Mass. Assoc. of Realtors - Passed Exam 1991

Commercial Site Selection/Financing Workshop, AI & MBREA - Sept. '93

Standards of Professional Practice Part A & B, AI - June '94

Discounted Cash Flow Workshop - The Evaluation & Limited Restricted Report - Accounting for Reserves for Replacement and Capital Improvements - Capitalization Rates & Today's Market - Commercial Program, MBREA & AI - Sept. '94

Advanced Income Capitalization, JMB Real Estate Academy Oct. 96

Appraising Income Property, JMB RE Academy, Oct. 98

USPAP, JMB RE Academy, Oct. 98

Appraising Income Property, JMB RE Academy, Oct. 01

USPAP, JMB RE Academy, Oct. 01

USPAP, Appraisal Institute, Nov. 7, 04

Feasibility, Market Value, Investment Timing: Option Value, Dec. 2, 04

Internet Search Strategies for R.E. Appraisers, Nov. 20, 04

Analyzing Operating Expenses, Nov 27, 04

Appraising From Blueprints and Specifications, Nov. 11, 04

Small Hotel/Motel Valuation, Dec., 04

Analyzing Distressed Real Estate, Jan. 20, 05

USPAP, JMB RE Academy, Dec. 16, 05

USPAP, Appraisal Institute , 10/19/2007

Real Estate Finance and Statistics, Appraisal Institute, 10/11/07

Appraising Reo and Foreclosure Properties, McKissock, 11/3/07

Appraising Convenience Store, Apprasial Institute On-line, 11/30/07

EMPLOYMENT RECORD

Driscoll & Driscoll Certified Real Estate Appraisers, May 1983 to present:

Residential & Commercial Appraiser, Owner

EXPERIENCE

Fee Appraising in Last 5 Years For:

Enterprise Bank and Trust, Lowell, MA

Schaefer Mortage Corp., Londonderry, NH

First National Bank Of Ipswich, MA

Citicorp Mortgage, Inc., Eastern MA

HUD

USDA

Boston Federal Savings Bank, Boston, MA

Danvers Bank, Danvers, MA

Salem 5, Salem, MA

Southern New Hampshire Bank, Salem, NH

Wells Fargo Bank, Texas

Types of Appraisal Assignments Completed in last five years:

Single family residences and condominiums primarily in the Merrimack Valley of Massachusetts and Southern New Hampshire

2-4 Family residences in the communities of Methuen, Lawrence, Haverhill, Lowell & Manchester, NH

4-8 Family residences in the communities of Methuen, Lawrence, Lowell, Lynn & Manchester, NH

Automotive Dealers, Plaistow, Tilton NH

Automotive and Truck Repair Facilities - Salem, NH Methuen, MA, Bow, NH

Light Industrial Factories, Warehouses, Condos - Salem, Hudson, Manchester NH, Dracut, Billerica, Lawrence, MA

Luxury Homes - Cape Cod, Martha’s Vineyard, Lake Winnipesauke, NH Oceanfront

Subdivisions – Rockingham, Hillsborough, Merrimack Co. NH, Essex, Middlesex, Worcester Co. MA

Drug Store - Methuen, MA

Condominium Developments - Rockingham, Hillsborough, Merrimack Co. NH, Essex, Middlesex, Worcester Co. MA

Office Buildings and Condos - Rockingham, Hillsborough, Merrimack Co. NH, Essex, Middlesex, Co. MA

Convenience Stores, Gas Stations, Strip Centers - Rockingham, Hillsborough, Merrimack Co. NH, Essex, Middlesex, MA

Licensed Appraiser:

License #86 - Certified General Real Estate Appraiser - State of Mass. - Expiration Date 2/5/11

New Hampshire Certified General Real Estate Appraiser - #274 - Expiration Date 12/31/09

Expert Witness:

Lawrence District Court

Worcester Federal Court

Rockingham Co. District Court