REO Asset Auction

94 Units on 6.7+- Acres

Bethel Townhomes Apartments, 3102 Baltimore Avenue

Indianapolis (Marion County), Indiana 46218

ONSITE AUCTION: Thursday, February 18th, 2010 at 11 AM EST

OR BID ONLINE AT www.auctionEbid.com

INSPECTION: Monday, February 15th, 2009 at 10 AM- 2 PM or By Appointment

Built ca. 1971 and zoned “D611- Dwelling District Two”, the garden-style apartment asset includes 12 two-story buildings, an 8,000+- sf brick leasing/ clubhouse, and 153+- parking spaces. There are 5+- down units. Units are individually metered for electric and gas. Owner pays water, sewer, and trash. It consists of Parcel Numbers 1044651 and 1099882.

# Type SF

64 2 BR/ 1.5 BA 796

30 3 BR/ 1.5 BA 1006

94 Total 81,124 SF

Terms: Proof of Required Earnest Money Downpayment Funds required to bid , 10% Buyers Premium added to winning bid to determine sale price, 10% Earnest Money Deposit payable immediately after the auction, close no later than Thursday, March 18th, 2010.

Escrow and Closing Agent: First American Title, attn Carol Perry. Closing agent fees split between Buyer and Seller.

.

Broker Co-Op: 2% Commission Paid to Properly Registered Brokers, see BROKER PARTICIPATION section in website terms for details

For additional property information, auction terms, and contract form, visit www.auctionEbid.com or call 770-980-9565, TOLLFREE 877-980-9565

Questions? Contact Jeb Howell, 770-841-9924, at jeb@auctionEbid.com

Rex D. Schrader #AU01005815

Julian E Howell

1827 POWERS FERRY ROAD, BLDG. 5

ATLANTA, GA 30339

770-980-9565, tollfree 877-980-9565

www.auctionEbid.com

Property Owner: TriTex Real Estate Advisors