AUCTION: Foreclosed Apt. Community, Indianapolis, IN | DG 576

AUCTION DATE: 2/29/2012 @ 11 AM ET

PREVIEW: 2/22/12 at 10 AM ET and 1 hr. prior to auction

Sealed Bids Due Onsite: 2/29/2012 at 11 AM ET

Suggested Minimum Bid: $1,500,000

Pinnacle Square consists of 460± one, two and three bedroom units nicely situated on nearly 20 acres of level property. The property is in good condition with over 250 occupied units, but includes approximately 68

For complete information, either download the Property Information Package at TRANZON.COM or contact Indiana Operations Center at (877) 374-4437 or jbarber@tranzon.com. All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

Buyers Premium: 10% Buyers Premium based on the high bid.

Closing: On or before 3/28/2012, sold in As-Is condition, no contingencies.

Deposit Amount: $100,000 cashier's check with sealed bid package. Balance of 10% due within 24 hrs. via wire transfer after being notified as successful bidder.

Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

EDWARD D. DURNIL, IN AUCTIONEER/BROKER #AU10000242. 10% BUYERS PREMIUM, $100,000 INITIAL DEPOSIT REQUIRED TO BID AND OTHER TERMS APPLY