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In The News Preparation Referral Partners REO

REO FDIC Inventory July 22, 2009

This list is for your use exclusively and may not be circulated or distributed without written permission of Administrator.

This is the July 22nd, 2009 summary of available packages for sale. All sold packages are noted and will be removed next week.

Make an offer in the form or a “Letter of Interest” and a Non-circumvention agreement (we provide), also be prepared to provide Soft Proof of funds to the bank.
Make an offer regardless of the sales price or asking price!

Real Estate Owned by the Bank (REO)
Make an offer in the form or a “Letter of Intent” and a Non-circumvention and Non-Disclosure agreement will be sent to you (we provide the LOI and funds verification template for you), also be prepared to provide Soft Proof of funds to the bank or seller when they call you. See attached preferred LOI and authorization format. All Letters of Intent must be signed by the buyer. No assignments are allowed.

Other documents to presented with your LOI
1) a Resume of the Buyer to present to Seller
2) a Company Biography

Make an offer regardless of the sales price or asking price!

PERFORMING NOTES
Performing Note packages are available for purchase by submitting a “Letter of Interest” which must include at a minimum the name of the buyer and their attorneys that will handle proof of fund. The letters must be signed by the buyer. No assignments are allowed in contract.
The Buyer and the Buyers representative will receive from our legal office a NCND which must be returned to us signed by the buyer and all paper work should be made out to Continental Funding Company.

Other documents to presented with your LOI
1) a Resume of the Buyer to present to Seller
2) a Company Biography

PACKAGE # 5-4j – SOLD to CREDITOR–7/22/09
REO unfinished Condos Package with 10K commercial leased 20+ years
Foreclosure underway 60 days to clear
80+ SFR all in downtown Los Angeles, CA
Units are 800 to 1500 square feet
BPO to be determined in escrow (make an offer)
Make offer Plus 3 % in fees

PACKAGE # 5-6 – –AVAILABLE- 7/17/09
Performing Hotel 1st Trust Deeds for sale both borrowers
1) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910 – Available
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.

PACKAGE # 5-26 – STATUS –AVAILABLE 7/17/09
Performing Notes for sale Arkansas
Hospital Performing
Payers credit over 700 FICO
Remaining Balance $107,000
Make offer

PACKAGE # 5-27 – STATUS –AVAILABLE 7/17/09
Performing Notes for sale Washington DC – 83,411 Square Feet
south of Class B Washington DC Suburban Office Property – 83,411 SF
$7.8M Owners valuation – Property is 100% occupied
Seller is willing to take 15% off
ACTUAL TTM NOI of $744,530 (9.5% DY to Last Dollar)

PACKAGE # 5-28 – STATUS – AVAILABLE 7/17/09
REO SFR LAND package
233 SFR Lots located in various states FL, NC,SC,
Owner BPO =$6.1.million
Make offer Plus 3 % in fees

PACKAGE # 5-29 – STATUS – AVAILABLE 7/17/09
REO Commercial LAND package
18 Lots located in various states FL, NC,SC,
4 commercial, 3 office buildings, 3 Convenience stores
Owner BPO =$71.3.million
Make offer Plus 3 % in fees

PACKAGE # 5-32 – STATUS – AVAILABLE 7/17/09
REO COMMERCIAL Orlando, FL
5K Sq.ft., 1+ AC Historic 2 Story
BPO = $4.9 million
Asking = $3.3 Million

PACKAGE # 5-33 – STATUS – AVAILABLE 7/17/09
REO COMMERCIAL Spartanberg, SC
30K Sq,ft. Hotel
BPO = $20 million
Asking = 18.00 Million

PACKAGE # 5-34 – STATUS – PENDING 7/17/09
REO COMMERCIAL Columbia, SC
7+K Sq.ft. Restaurant
BPO = $1.7 million
Asking = $1.15 Million
Fees included

PACKAGE # 5-35 – STATUS – AVAILABLE 7/17/09
REO COMMERCIAL Tampa, FL
16K Sq.ft., Office Building
BPO = $1.0 million
Asking = $690K
Fees included

PACKAGE # 5-37 – STATUS – PENDING 7/17/09
REO COMMERCIAL , NC
2,8K Sq.FT. Convenience store
BPO= $525K
Asking = $ 357K
Fees included

PACKAGE # 5-38 – STATUS – available 7/17/09
REO COMMERCIAL, GA, 4.3K Sq.ft. commercial building
BPO= $370K
Asking = $ 251K
Fees Included

PACKAGE # 5-39 – STATUS – PENDING 7/17/09
REO COMMERCIAL, SC, 2.3K Sq.ft. convenience store
BPO= $350K
Asking = $ 231K
Fees Included

PACKAGE # 5-40 – STATUS – available 7/17/09
REO COMMERCIAL , NC, .8 AC. Convenience store
BPO= $370K
Asking = $ 251K
Fees Included

PACKAGE # 5-41 – STATUS – available 7/17/09
REO COMMERCIAL , FL, 4.3K Sq.ft. Office building
BPO = $380K
Asking $258K
Fees Included

PACKAGE # 5-42 – STATUS – updated 7/17/09
REO COMMERCIAL , NC, 2.8K Sq.ft. Convenience store
BPO= $274K
Asking $191K
Fees Included

PACKAGE # 5-43 – STATUS – available 7/17/09
REO COMMERCIAL , SC, 5K Sq. Ft. Restaurant
BPO = 350K
Asking = $228K
Fees Included

PACKAGE # 5-44 – STATUS – available 7/17/09
REO COMMERCIAL , NC, 1.2K Sq. Ft. Office
BPO = $220K
Asking =$149K
Fees Included

PACKAGE # 5-50 – STATUS – available 7/17/09
14 Waterfront Condos and boat lifts. The project is 85%, FL
BPO finished in 2008 = $7.5 million
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-55 – STATUS – PENDING 7/10/09
REO state,
22 Office buildings, motels, warehouse, retail other
BPO = $ 39.0mm
Price = $ 13.2mm
Make offer add 3.0% BPO fees in price

PACKAGE # 6-1 – STATUS – PENDING 7/17/09
Non Performing Notes
14 office and retail New Units. 20,000+ sq.ft., FL
BPO fto be determined in Escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-2 – STATUS – available 7/17/09
Non Performing Notes
9 Condos 1,600+ Sq.Ft., FL
BPO to be determined in Escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-3 – STATUS – nonexclusive 7/17/09
Non Performing Notes
150+ room Hotel , FL
Recently Remodeled
BPO to be determined in Escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-4 – STATUS – available 7/17/09
Non Performing Notes
3 Condos 2,000+ Sq.Ft., FL
Recently Remodeled
BPO estimated $340,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-5 – STATUS – Updated 7/17/09
Non Performing Notes
75+ unit Apartment building FL
BPO estimated $7,550,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-8 – STATUS – available 7/17/09
Non Performing Notes
13 Condos (1,100+ Sq.Ft). FL
BPO estimated $1,490,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-13 – STATUS – PENDING 7/17/09
Non Performing Notes
2 Building office complex (3,340+ Sq.Ft). FL
BPO estimated $524,900
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-14 – STATUS – SOLD 7/17/09
Non Performing Notes
5 Condos 2/2 (950 Sq.Ft.) FL
BPO estimated $400,900
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-15 – STATUS – SOLD 7/17/09
Non Performing Notes
20 units in 3 building FL
BPO to be determined
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-16 – STATUS – SOLD 7/17/09
Non Performing Notes
1 Office condo 2,500+ Sq.Ft. FL
BPO to be determined
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-17 – STATUS – available 7/17/09
Non Performing Notes
1 SFR (2300+ Sq.Ft.) FL
BPO estimated $575,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-18 – STATUS – SOLD 7/17/09
Non Performing Notes
1 Office condo 2,500+ Sq.Ft. FL
BPO to be determined
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-19 – STATUS – PENDING 7/17/09
Non Performing Notes
1 Townhome (F0+ Sq.Ft.) FL
BPO estimated $375,000
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-20 – STATUS – available 7/17/09
Non Performing Notes
1 Townhome (2500+ Sq.Ft.) FL
BPO to be determined in escrow
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-21 – STATUS – available 7/17/09
Non Performing Notes
1 SFR (2200+ Sq.Ft.) FL
BPO = 290K
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-22 – STATUS – available 7/17/09
Non Performing Notes
1 SFR (2400+ Sq.Ft.) FL
BPO = 200K
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-23 – STATUS – available 7/17/09
Non Performing Notes
1 Commercial Building (1600+ Sq.Ft.) FL
BPO = 270K
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-25 – STATUS – SOLD 7/20/09
Non Performing Notes
44 Townhomes with 2 car Garage (1800+ Sq.Ft.) CA
Loan Balance 14.1MM
Status: 95% Complete
Exclusive Bank Sale – Must submit LOI with SPOF contact information
Price: Make an offer .68 cents on the BPO and include 3% BPO fees

PACKAGE # 6-35 – STATUS – Available 7/17/09
Performing Note Medical Center Pool,
1 notes secured by (1) Medical Center, State AZ
Loan Balance = $19.0 mm
Appraised Property collateral Price = $26.2 mm
Make an offer include 3.0% fees

PACKAGE # 6-37 – STATUS – Available 7/17/09
Performing Note Commercial Pool- Ohio
1 notes secured by (2) apartment complexes (245+ units)
Loan Balance = $9.26 mm
Appraised Property collateral Price = $14.56 mm
Make an offer 82% plus 3.0% fees

PACKAGE # 6-41 – STATUS – Available 7/17/09
Non-Performing (Foreclosure) in progress, US Territory
Hotel (Flagged) (425+) Rooms with conference center
Non performing Debt Facility Via Bank
Financing is available with 11 million down good terms available
08 Storm damaged to be repaired 5 million required
BPO = $61.7 million
Price= $26.5 million
Make an offer 43% of BPO includes all fees

PACKAGE # 6-42 – STATUS – Available 7/17/09
REO HOTEL 155+ rooms (Flagged) State: FL Near Disneyworld
Remodeled in 2008
BPO = 7.5 mm
Price = 5.9mm Fees included in sales price

PACKAGE # 6-43 – STATUS – Available 7/17/09
Non-Performing Note SFR Pool,
12 notes, State CA, FL, GA, WI
Loan Balance = $2.4 mm
Sales Price = $1.16 mm
Make an offer fees included in sales price

PACKAGE # 6-45 – STATUS – Back on the Market 7/17/09
Performing Note Pool,
2 notes secured by Long Beach CA. 4-plex and duplex
Loan Balance = $600K
Sale Price = $525K
Make an offer include 3.0% fees

PACKAGE # 6-46 – STATUS – Available 7/20/09
Performing Note Pool,
1 note secured 1st deed Hotel Kingsland GA
Loan Balance = $3.1mm
Due in 2017
Make an offer include 3.0% fees

PACKAGE # 6-47 – STATUS – Available 7/17/09
REO Land,
101 Parcels, FL, SC, NC
134 Residential Lots
338+ Acres
Appraised = 18.2mm
BPO = $6.1mm
Sales Price = 2.62mm
Make an offer include 3.0% fees

PACKAGE # 6-52 – STATUS – SOLD 7/17/09
REO state, FL
22 Office buildings, motels, warehouse, retail other
BPO = $ 39.0mm
Price = $ 13.2mm
Make offer add 3.0% BPO fees in price

PACKAGE # 6-55 – STATUS – Duplicate 7/17/09

N
PACKAGE # 6-56 – STATUS – Amended 7/17/09
REO state, New York – Brooklyn
9 Apartment buildings 430+ units
BPO = $ 95.0mm
Price = $ 75.3mm
Make offer add 3.0% fees in price

PACKAGE # 6-58 – STATUS – Available 7/17/09
Non-Performing Notes (SFR)
164 Nation Wide SFR
BPO = $ 13.12 mm
Price = $ 5.65 mm
BPO Commissions fees in price

PACKAGE # 6-62 – STATUS –Available 7/17/09
LAND – Retail Pads
Cities: TX (1), Houston
BPO estimate: $12.9mm
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-64 – STATUS –AVAILABLE 7/17/09
LAND – SFR Land for 70 Pads 310 acres
Cities: CA (1), Corona
BPO estimate: $12.6mm
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-65 – STATUS –Available 7/17/09
SFR – Kukio
Cities: HI (1), Kona
BPO estimate: $5.9mm
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-66 – STATUS –Available 7/17/09
SFR – 5200 Sq. FT. 5b/5.5b/6.5ac
Cities: CA (1), Saratoga
BPO estimate: $2.4mm
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-67 – STATUS –Available 7/17/09
SFR – Penthouse Lofts (5) 85% finished 5k sq.ft. each
Cities: NV (1), Lake Las Vegas
BPO estimate: $6.9 mm
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-68 – STATUS –Available 7/17/09
SFR – Office 30k sq.ft. include retails
Cities: CA (1), San Jose
BPO estimate: $8.9 mm
Loan: $5.0MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-70 – STATUS –SOLD 7/17/09
SFR – Constr. Condos 15K sq.ft. include 6 units
Cities: CA (1), Oakland
BPO estimate: $3.7 mm
Loan: $2.7MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-71 – STATUS –Available 7/17/09
Commercial – Multi-tenant retail & Office 2 bldg. 12.5K sq.ft.
Cities: CA (1), San Jose
BPO estimate: $6.1 mm
Loan: $4.0MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-72 – STATUS –SOLD 7/17/09
Commercial – Multi-tenant retail 3 bldg. 34.7K sq.ft.
Cities: CA (1), Sacramento
BPO estimate: $8.8 mm
Loan: $6.48MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-73 – SOLD – 7/17/09
Com. Constr 100% – Retail 11 unit bldg. 12.7K sq.ft.
Cities: CA (1), Sacramento
BPO estimate: $4.2 mm
Loan: $2.18MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-74 – STATUS –Available 7/17/09
SFR Constr 38% – complete 4.4K sq.ft.
Cities: CA (1), Bel Air
BPO estimate: $2.6 mm
Loan: 1.04MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-75 – STATUS –SOLD 7/17/09
SFR Constr 31% – complete 3.8K sq.ft.
Cities: CA (1), Bel Air
BPO estimate: $2.7 mm
Loan: .9MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-76 – STATUS –AVAILABLE 7/17/09
Com. Constr – Retail 29 unit 3 bldg. 34.2K sq.ft.
Cities: CA (1), Santa Rosa
BPO estimate: $8.2 mm
Loan: 4.9MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-77 – STATUS –SOLD 7/17/09
LAND – 57 acres zoned RC for 17 acres development.
Cities: CA (1), Riverside
BPO estimate: $13.6 mm
Loan: 10.9MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-78 – STATUS –SOLD 7/17/09
Com. Constr – 36 acres Zoned (M-2) 33 Industrial 3 Retail lots
Cities: NV (1), North Las Vegas
BPO estimate: $25.4 mm
Loan: 15.98MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-79 – STATUS –PENDING 7/17/09
Com. Constr BK – 1.02 acres Zoned (A(PD)) 15 units (TH)
Cities: CA (1), San Jose
BPO estimate: $3.3 mm
Loan: 2.73MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-80 – STATUS –Available 7/17/09
Com. Constr BK – Retail 2.76 acres 2 bldg. 30.0K sq.ft.
Cities: CA (1), Tracy
BPO estimate: $15.5 M
Loan: 7.34M
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-81 – STATUS –Available 7/17/09
Com. Constr BK (14%) – 2.2 acres Zoned (RS) + 8 SFR included
Cities: CA (1), Hayward
BPO estimate: $3.57 M
Loan: 3.0M
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-82 – STATUS SOLD 7/17/09
Com. Constr – 2 bldg. 63.0K sq.ft. + 20K sq.ft. retail
Cities: CA (1), Morgan Hill
BPO estimate: $ 1.3 M
Loan: .7 M
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-83 – STATUS –SOLD 7/17/09
SFR Constr – 10 Units 3b/2.5b 1,800+ sq.ft.
Cities: CA (1), Los Angeles
BPO estimate: $ 6.2 mm
Loan: 4.43 MM
Price: Make an offer and include 3% BPO fees

PACKAGE # 6-84 – STATUS –Available 7/17/09
SFR. Constr – 2 bldg. 350 units 730.0K sq.ft. condos retail
Cities: FL (1), Miami
BPO estimate: $ TBD mm
Loan: TBD MM
Price: Exclusive Bank Sale – Must submit LOI with SPOF 250 mm contact information
Price: Make an offer include 3% BPO fees

PACKAGE # 6-85 – STATUS –Available 7/17/09
SFR Non-performing Notes – 164 SFR
States: (TX,IL,OH,FL,GA,MO,WI,NY,MI,other)
Loan Bal estimate: $ 13.1 mm
Price: Make an offer and include 4% BPO fees

PACKAGE # 6-86 – STATUS –Available 7/17/09
SFR Non-performing Notes –
100 SFR
States: (OH,MI,MO,WI,IN,IL,other)
Loan Bal estimate: $ 6.3 mm
Price: Make an offer and include 4% BPO fees

PACKAGE # 7-01 – STATUS –SOLD 7/17/09
SFR – REO – 56 Townhomes, SFE,ten-plex,4-plex,duplex
States: (AZ)
BPO: $ 4.3 mm
Price $3.1 all fees included

PACKAGE # 7-2 – STATUS – Amended 7/17/09
REO state, Nation Wide
810 SFR
BPO = $ TBD
Price = $ 9.2mm
all commissions included

PACKAGE # 7-3 – STATUS – Amended 7/17/09
REO state, Nation Wide
31 SFR
BPO = $ TBD
Price = $ 143,000.00
all commissions included

PACKAGE # 7-4 – STATUS –Available 7/17/09
SFR Non-performing Notes –
34 SFR
States: (GA,FL,IL,OH,MS,PA, other)
BPO = ;
TBD
Price: $204,000 all Fees included

PACKAGE # 7-5 – REMOVED –Available 7/17/09
SFR Non-performing Notes –

PACKAGE # 7-6 – STATUS –Available 7/17/09
HOTEL Non-performing Note –
380+ Rooms
ADR 500.00
States: (MI)
Loan Balance = 10M
TBD
Price: $2,12,000

PACKAGE # 7-7 – STATUS Available 7/17/09
REO state, CA,GA, IL, IN, AZ, AR, FL, MO, MS, NJ,NY,OK,PA
715 SFR
BPO = To be determined in Escrow
Price = $ 8.2M
% fees in price

PACKAGE # 7-8 – STATUS Available Non Exclusive 7/20/09
REO state, MI
167 SFR
BPO = To be determined in Escrow
Price = $399,000
% fees in price

PACKAGE # 7-9 – STATUS –Available 7/20/09
Com. Constr Land loans- 33 Performing Notes and 99 Non-Performing Notes
TOTAL notes # 132
States: AZ, CA
Loan Balance: $668.0M
Original Loan: $900.0M
Price: $421.0M all fees included

PACKAGE # 7-10– DUPLICATE –Available 7/20/09

PACKAGE # 7-11– STATUS –Available 7/20/09
PRIVATE SALE (will go fast)
NYNY Hotel
500 PLUS rooms
States: NYNY
Price: $CALL

PACKAGE # 7-12 – STATUS – Available 7/20/09
PRIVATE SALE
state, FL, GA, IN,KY,MO,MI,OH, PA, SC,TN
27,000 Apartments
BPO = $ 1.6B
Loans =$ 1.35B
Price = $ 1.4B
all commissions included

PACKAGE # 7-13 – STATUS – Available 7/20/09
PRIVATE SALE
state, PA
840 Apartments
BPO = $ 20.7M
Price = $ 10.98M
all commissions included

PACKAGE # 7-14 – STATUS – Available 7/20/09
REO state, North Eastern
11 Hotels (no Flags or deflagged)
States:AZ,MN,CA
BPO = $ 70.1M
Price = $ 26.0M
all commissions included

PACKAGE # 7-15 – STATUS –Available 7/20/09
Non Performing Notes
5 SFRs in various states of completion 4 lots included
Cities: FL (5), Myrtle Beach
BPO estimate: $7.3M
Price: $3.9M
Price: Make an offer and include 3% BPO fees

PACKAGE # 7-16 – STATUS –Available 7/20/09
Non Performing Notes
22 Townhomes with 25 boat docks
Cities: FL (22), Fort Lauderdale
BPO estimate: $13.3M
Price: $7.05MM
Price: Includes all fees

PACKAGE # 7-17 – STATUS –Available 7/20/09
Non Performing Notes (Subdivision)
10 SFR with 10+ building lots
Cities: GA (11), Covington
BPO estimate: $2.0M
Price: $3.9M all fees included

PACKAGE # 7-18 – STATUS –Available 7/20/09
Non Performing Notes (Subdivision)
19 SFR Finished 25 Unfinished with 30+ developed building lots
Cities: FL (19), Miami
BPO estimate: $9.4M
Price: $5.4M all fees included

PACKAGE # 7-19 – DUPICATE –Available 7/20/09

PACKAGE # 7-19 – STATUS –Available 7/20/09
Non Performing Notes (Subdivision)
90+ SFR Finished, 70+ developed building lots
Cities: FL (90), Palm Beach, Boca Raton
BPO estimate: $35.9M
Price: $20.4M all fees included

PACKAGE # 7-20 – STATUS –Available 7/20/09
Non Performing Notes (Apartments)
160+ Units
Cities: FL (160)
BPO estimate: $10.9M
Price: $6.5M all fees included

PACKAGE # 7-20 – STATUS –Available 7/20/09
Non Performing Notes (House)
SFR- 10,000+ Sq. ft.
Cities: FL Broward county
BPO estimate: $3.0M
Price: $1.7M all fees included

PACKAGE # 7-21 – STATUS –Available 7/20/09
Non Performing Notes (Retail, Strip center)
7+ Units
Cities: FL (7) Saint Petersburg
BPO estimate: $1.9M
Price: $820,000 all fees included

PACKAGE # 7-20 – STATUS –Available 7/20/09
Non Performing Notes (Apartments)
160+ Units
Cities: FL (160)
BPO estimate: $10.9M
Price: $6.5M all fees included

PACKAGE # 7-21 – STATUS –Available 7/20/09
REO (40 SFR and Townhomes)
Cities: AZ (40) Phoenix, Glendale, Mesa, other
BPO estimate: $ 3.16M
Price: $2.3M all fees included

PACKAGE # 7-22 – STATUS –Available 7/20/09
Non-performing (125 condos in high rise)
Cities: FL (125) Panama City
BPO estimate: $ 16.0M
Price: $10.3M all fees included

PACKAGE # 7-23 – STATUS –Available 7/20/09
Non-performing (44 condos in high rise Additional Land included for 55+ more)
Cities: FL (44) Palmetto
BPO estimate: $ 17.0M
Price: $10.6M all fees included

PACKAGE # 7-24– STATUS –Available 7/20/09
PRIVATE SALE (will go fast)
(9) Hotels (All Flagged)
1,345 rooms total
States: AZ, NM, CA, TX
Price: $106M fees included

PACKAGE # 7-25– STATUS –Available 7/20/09
Non-performing Notes (5 commercial)
(5) Office Condos, Industrial Storage
States: FL (Delray Beach)
Price: $425K fees included

PACKAGE # 7-26– STATUS –Available 7/20/09
Performing Notes (3)
(3) SFR
States: FL (Big Coppit Key)
Value: 425K
Price: $352K all fees included

PACKAGE # 7-27– STATUS –Available 7/20/09
Performing Notes (3)
(3) SFR
States: FL (Big Coppit Key)
Value: 268K
Price: $236K fees included

PACKAGE # 7-28– STATUS –Available 7/20/09
Performing Notes (1)
(1) Strip Center
States: FL (Marcos Island)
Value: 2.835M
Price: $2.409M fees included

PACKAGE # 7-29– STATUS –Available 7/20/09
Performing Notes (111)
(11) SFR
States: FL,CA,GA, WA
Value: 2.442M
Price: $2.076M fees included

PACKAGE # 7-31– STATUS –Available 7/20/09
Non-Performing Notes (New construction
Multifamily 1481 (Townhomes, condos, slips, cottages, 100% complete Apts)
(11) Project all require finishing
States: FL,SC,GA,
Value: 233.3M
Price: $135.5M fees included

PACKAGE # 7-32– STATUS –Available 7/20/09
Non-Performing Notes (New construction
Commercial (Office, Strip Centers, Golf Courses, warehouses, industrial)
(15) Project all require finishing
States: GA, SC, FL
Value: 23.5M
Price: $13.6M fees included

PACKAGE # 7-33– STATUS –Available 7/21/09
Non-Performing Notes (New construction
Sub-divisions (SFRs, High rise condos, office, land, finished lots, raw land)
(29) Project all require finishing
States: GA, FL
Value: 202.3M
Price: $97.6M fees included

PACKAGE # 7-34 – STATUS –Available 7/21/09
REO (17 SFR)
Cities: CA (17) Los Angeles, Riverside, Long Beach, Other
BPO estimate: $ 3.47M
Price: $2.13M all fees included

PACKAGE # 7-35– STATUS –Available 7/21/09
MIXED tape REO, Sub Performing, Non-Performing
(204) SFR
States: FL,NC,GA,AL
Value: 67.3M
Price: $34.5M fees included

PACKAGE # 7-36– STATUS –Available 7/21/09
Private Sale
(1) Living Facility (Pompano Beach)
States: FL
Value: TBD
Price: $8.25M fees included

PACKAGE # 7-37– STATUS –Available 7/21/09
MIXED tape REO, Sub Performing, Non-Performing
(30) SFR
States: FL,NC,GA,AL
Value: 67.3M
Price: $34.5M fees included

PACKAGE # 7-38– STATUS –Available 7/21/09
Private Sale
(1) Assisted Living (Miami Beach)
States: FL
Value: TBD
Price: $14.42M fees included

Re: Acquisition of FDIC Inventory

We have access to FDIC liquidation event properties, one of only 10 invited buyers.

We have earned this relationship through years of profitable business and only serious Buyers will be offered this opportunity.

If you want our representative to pull product for you at this event we need the required documentation from you.

A simple Letter of Intent detailing the product class and geographical area desired and absolute hard proof of funds in the amount you intend to use for the acquisition.

Section I. Your LOI (sample attached);

1. Identify the actual Buyer who will be delivering hard proof of funds.

2. Identify the product class you wish to purchase from the list below and the amount of capital you will spend on that inventory type. If you select more than one property class, identify separate capital amounts for each class.

3. Identify the Geographic location in which you wish to purchase, however reducing your take area will reduce the inventory available.

4. If you have a Buyer’s mandate or representative they must be named and the amount of fee to be paid to them disclosed.

5. The due diligence period is 14 days from inventory access to hard contract.

Section II. Property Classes;

A. Performing Commercial Notes        B. Non Performing Commercial Notes

C. Performing Residential Notes         D. Non Performing Residential Notes

E. Performing Corporate Notes           F. Non Performing Corporate Notes

G. REO Residential 1-4 Units             H. REO Multifamily 5-20

I.   REO Multifamily 20+                     J. REO Commercial/Retail

K.  REO Commercial/Office                L. REO Commercial/Industrial

M. REO Commercial Development      N. REO Residential Development

O. REO Vacant Land                         P. REO Business Hotel/Motel/Convenience

Q. Accounts Receivable                     R. Personal Property Auto/Boat/RV/Airplane

S. Personal Property Inventories         T. Mobil Home Park/RV Parks/ Recreational

Section III. Geographical Identification

A. Western States                              B. Southwest

C. Central States                                D. Northwest

E. Eastern States                               F. Northeast

G. Southeast                                      H. Southern

I. Rust Belt                                         J. Alaska, Hawaii

K. Name States in order of preference

Section IV. Required Institutional Hard Proof of Funds

A. Depository Statement in name of Buyer

B. Brokerage Account Statement in name of Buyer

C. Depository or Brokerage Name, address, phone number, Contact Name, Position and phone number (of Personal Banker, Account Manager or Corporate Counsel)*

*If you elect option C and your contact does not hard proof your funds by affidavit or method A or B no product will be pulled for you.

Section V. Procedure

A. Your LOI properly completed with signature must be received via e-mail.

B. The representative will be purchasing as a principal and it will take at least 3 days for the Inventory he acquires to be split out to the respective Buyers.

C. When the breakout is completed your package information will be forwarded to you.

D. In all purchases, there will be a 14 day Due Diligence period prior to hard contract and you do not have to close on inventory not in compliance with your LOI.

Many of you have been waiting for actual, well valued inventory to be available.

This is the best opportunity we have seen for our clients to purchase pre bid inventory on a wholesale level.

There will be no purchases made unless all the above documentation has been delivered. If you are unable to complete the list above in the given time frame please complete the documentation listed above in order to be ready for the next round.

There is no guarantee that this opportunity will occur again but should it occur, there will be very little notice. The selling prices should amaze you, the contact is direct and our representative was invited and approved by the FDIC. Time is of the essence.

Here is an example of the LOI we need:

Company Letterhead: LOI must be on

Date:  Jxxx XX, 2009

From:  Companies Name

Attn:  Joe Tufo, President: Cash Flow Specialists, Inc.

Property Type: Include all the property types interested in

Purchase price: describe property (e.g. sfr, commercial, office) then put in the range that you are willing to pay (e.g. 30-60 ltv off of unpaid balance, or BPO etc)

Then language something to the effect of –   Please provide us the data of all “bulk” trade properties available for acquisition. The outline below is a summary of what we are looking for:

1. Order Amount:

2. Property type:

3. Price Ranger per asset: e.g. homes between 100k-350k

4. property condition: no rehab, light rehab

5. LTV: range you are willing to buy

6. Occupancy :

7. Preferred Geographical Location:

8. Financing:

9. proof of funds ( reputable banking institution, contact name, and account number to verify )

We are looking to establish a long term client relationship and acquire quality properties at a volume discount.

Please contact me with any questions, concerns or comments. Thank you.

CEO

Company

Address

Numbers

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