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Real Estate Appraisers 7400 York Road Suite 103 Towson, MD 21204 Phone: 410-832-0080 Fax: 410-832-5781 Email: info@muller-casella.com www.muller-casella.com History Formed by the merger of two appraisal companies in", >*"^r~ r~ EE FF A= 11 v  55 }tjln NN $$ """ ޲4@BDFHJLNPRTVXZ\^`bhlnj   v6@C2D>$$N X8#2 #  D   -   C.,<u*N* * * @ @ @F@@ @ @ ?@ @ @z@*@u%@*&*2&%*f&$%&#*&)*&()&'*&&''*('*6'*D'*^'*'*V(d(("*)!*"*!J* **@M *@D +@E +@L ,@O ,@PO-pQO3@R 3@X ,4@YX4pZX:`\*T;@p\;@^\;@_\L<@`\<@a\N=@k\=@*N>*v>@*>@޲zv%#)' )s" J"! \)D>|$ $&\nvzHP LaserJet 2100 Series PSwinspool\\Pdcntmd1\hp2100tnHP LaserJet 2100 Series PSg od3%`PJX7HdCustom page 1XCCCustom page 2XCCCustom page 3XCC&(*,.0vz6Mg g F(0DXl ASymbol@ASymbol ASymbol ASymbol ASymbol* ASymbol      EEFFA=11v99999 55 }t9999 NN@uZZB%%8xt"~"| : ^ . |P<\    " !   \   :(O   :8aH*G2xr^$HGaramond ! MS Mincho." 0 :@8$nCtn^$HGaramond ! MS Mincho."0 :8"C "hVB "c$&Garamond !." w0) *  :PapGnzf "|$J Tw Cen MT ! 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V2(*99999vr""E%CL@P*99999h!A\\\\ 1990, Muller-Casella Associates, Inc. was created to unite two qualified appraisal firms to better meet the needs of clients and to better undertake the changes ahead in the real estate and lending industries. Both principals of the company, Stephen H. Muller and Michael H. Casella, brought together years of real estate valuation experience under one roof. With a select staff of highly qualified appraisers and a support staff trained to be familiar with client specific needs, the company has established itself as a highly respected source of real estate valuations. Our residential experts provide appraisal support for the following lender needs: Conventional Loans FHA Loans VA Loans CDA Loans Construction Loans Residential Lot Loans Draw Inspections Compliance Inspections Appraisal Reviews Master Appraisals Our experience in commercial valuations include the following property types: Office Buildings Retail Strip Centers Apartments Assisted Living Projects Mixed Use Properties Manufacturing Warehouses Special Use Properties Wetlands Subdivisions Farms Marinas Muller-casella Associates, Inc. Real Estate Appraisers Areas of Expertise Muller-Casella Associates, Inc. provides real estate valuation appraisals on a variety of property types: Residential Commercial/Industrial Agricultural Unimproved Land Our appraisers, all of whom are FHA approved, have years of experience estimating real property values for lending institutions, government agencies, corporations, attorneys and accountants. Corporations assisting employees in relocating to other parts of the country routinely call on our firm to assist them. We provide support services to attorneys and accountants for estate tax planning, estates, divorce settlements and condemnations. Government agencies employ our services for acquisition, disposition and condemnation. Our lending clients include Banks, Savings and Loans, Mortgage Companies and Mortgage Brokers. We are sensitive to the time limitations placed on our lender clients, so our turnaround times are in keeping with their needs. We realize that we represent our clients to the borrowing public, so the borrower is treated in the same professional manner that has kept our clients satisfied since our company s beginning. About the Principals Stephen H. Muller, SRA has been appraising Real estate the Baltimore area since 1978. A graduate of Towson University, he earned his SRA designation through the Appraisal Institute in 1984. Active in the real estate profession, Stephen has served as President of the Maryland Chapter of the Appraisal Institute, President of the Greater Baltimore Chapter of the Nations Association of Independent Fee Appraisers and is a past Chairman of the Appraisal Committee of the Greater Baltimore Board of Realtors. Stephen is a Certified Licensed Appraiser in the State of Maryland and a licensed Real Estate Broker. Michael H. Casella, SRA, CRP has been an appraiser since 1983. Michael holds the SRA designation from the Appraisal Institute and the CRP designation awarded by the Employee Relocation Council. As an instructor, Michael has taught appraisal courses and seminars for state licensing and Standards of Professional Practice. A graduate of the University of Massachusetts, Michael is a VA panel appraiser and has served as an FHA review appraiser. He has served as Chairman of the Educational Committee for the Maryland Chapter of the Appraisal Institute and is a certified residential appraiser in the State of Maryland. Market Area Muller-Casella Associates, Inc. services the Baltimore metropolitan market, an area that encompassing the City of Baltimore, Anne Arundel, Baltimore, Carroll, Cecil, Harford and Howard Counties. The decision to limit our market coverage was made from the start for on underlying reason: we service only those area that we know and understand. Reporting In order to tailor the depth of analysis to the client s needs, we perform both complete and limited scope appraisal reports. Reporting is also tailored to the client with complete, summary and restricted reporting types. Many times referred to as an evaluation, limited scope summary appraisal reports are routinely performed by our firm for clients looking for solid indications of value, while allowing our clients to remain competitive in the current lending environment. Our evaluation reports serve those needs while adhering to professional and regulatory guidelines. gnation through the Appraisal Institute in 1984. Active in the real estateCBDFtv\^| " J ` t  4 Z  D p   N b ~   " $ J L :h"4"BM  "1 "" ")4""A JL  """""d'f'h'j'"4"BM " "1"1 FvN 6|@@\\\8 "!" A$  086 "!" A$  08< "!"  "11e$ : "|" $( B "" $0 08> ""  "oe$  08@ ""  "oe$  08|  $ J L l2p2 "" $  082 " $  08," $  082 "!" $  08: "!"  $  088 "!" $  08* "J" $ 2 "|" $  08L  LzR R T"""d'h'j'h0," $  08. " $  082 " $  088 "|" $  082 "" $  082 "|" $  084 "|" $  08 uC@TSHFC@TSH:. 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