REO and Notes Keep on coming

This is the current April 8th summary of available packages for sale.

Make an offer in the form or a Letter of Interest and be prepared to provide Soft Proof of funds to the bank.

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

Trade Special

Locomotive ready for export! 18,000 hours left on engine and chassis!!! Owner will take Real Estate, COINS, CARS, RV, LAND, DIAMOND, WINE, GUNS, AMMO, METALS

sw1200 locomotive 12-567-BC has been complete rebuilt and has 1,500 hours on the clock (it is a switch engine with 1200 horse power) estimated value $120,000.00, good condition ($850,000 NEW) and stored in San Francisco CA. Make offer or exchange!

Photo Link: http://norriscoit.com/locomotive/
contact Paul Lucero
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NOTES
PACKAGE # 1 – STATUS – UPDATED 4/07/09
Non Performing Notes

8 hotels - Loans values are variable many different position
Submit a letter of Interest for more information or sign a NCND.

1) 361 units - Loan value - $89,250,000
Location: St.Petersberg FL
As Is value:
112,000,000

2) 560 Units - Loan value - $87,975,000

Location: Esmeralda CA
As is value:
112,000,000

3) 144 Units - Loan value - $31,000,000
Location: Berkeley CA
As Is Value
26,000,000

4) 199 Units - Loan value - $16,250,490
Location: Portland OR
As Is Value
40,100,000

5) 182 Units - Loan value - $8,450,000
Location: Metairie LA
As Is Value
25,000,000

6) 665 Units - Loan value - $6,324,000
Location: Vacaville CA
As is Value
77,500,000

7) 315 Units - Loan value - $78,500,000
Location: Rockville MD
As is Value
98,000,000

8) NA Unit count - Loan value - $3,763,000
Location: Plainville NY
As is Value
7,400,000

PACKAGE # 2 – STATUS – available 4/07/09

Non Performing Commercial properties

Original BPO was $1,362,760,000

Loan Value is $430,000,000.00

City Parkway
Flagstone Apartments
Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)
Ventana Village Apartments
Hacienda Terrace
Lembi Bridge 11 Portfolio
Lembi Bridge 11 Portfolio (Mezzanine Loan)
Lembi Bridge 4 Portfolio
Lembi Bridge 4 Portfolio (Mezzanine Loan)
Plaza at San Ramon (A2-Note)*
Wateridge Plaza (A3-Note)**
Merritt Crossing
The Piers at Caesars (B1-Note)
The Piers at Caesars (B2-Note)

PACKAGE # 3 – STATUS – SOLD 4/07/09
Non-Performing Notes for Sale in one package
The follow is available based on a current BPO of 435K for total package price of 120K.

1) (2) Vero Beach FL - SFR - 222K
2) (1) Vero Beach FL - Condo -130K
3) (1) Youngstown OH - SFR - 15K
4) (1) Riverside CA - SFR - 250K
5) (1) Palm Bay FL - SFR - 259K
6) (1) Ocala FL - SFR - 52K

Present a letter of intent and proof of fund and all details delivered in 24 hours. Remember these are NON- Performing notes!


PACKAGE # 4 – STATUS – SOLD - 4/07/09
Notes Non-Performing 38 homes
Single Family Homes Florida

PACKAGE # 5 – STATUS – Available 4/07/09
Non Performing Note Package
Multi-family & Commercial assets including:
States and quantities in those states: CT (7), FL (2), IL (3) , NJ (12), NY(22), PA(2)
Apartments, Multi-family plus small retail, and office
49 notes valued at $57,044,686
LTV average 70%
Priced at 81 cents on the dollar = $46,206,196
To review tape make an offer in the form of an LOI and provide SPOF contact information in the LOI

PACKAGE # 6 – STATUS – available 4/07/09
Two Performing Hotel 1st Trust Deeds for sale both borrowers
1) 5.2 million note, rate 6.612, 10 year with balloon, LTV 67.00% Discounted to $4,228,200
2) 3.054 million note , rate 6.642, 10 year with balloon, LTV 63.00% Discounted to
$2,473,910
Available for 81 cents on the dollar.
To review tape:
Make an offer in LOI for and include contract POF information.

PACKAGE # 7 – STATUS – available 4/07/09
Multi Family Package
Performing and Non Performing (NPA) Commercial properties
Original loan Balance average LTV between 63- 77%
1) 144 Unit Apartments - IN (Performing)
2) 196 Unit Apartments - OH (NPA)
3) 248 Unit Apartments -OH (NPA)
4) 420 Units Student Housing - LA (NPA)
5) 900K Sq.ft Office - IL (NPA)
6) 27K Sq.ft. Office Medical - NJ (NPA)
7) 110K Sq. ft. Office - NJ (NPA)
8) 130K Sq. ft. Shopping Center - AZ (Performing)
9) 56K Sq. ft. Shopping Center - CA (NPA)
10) 11K Sq. ft. Office Medical - OH (NPA)

PACKAGE # 8 – STATUS – available 4/07/09
Performing Hotel Notes for Sale
220 room Hotel - NC

PACKAGE # 9 – STATUS– available 4/07/09
Performing Hotel Notes for Sale
250 room Hotel - FL 160 million notes available for discount

PACKAGE # 10 – STATUS – available 4/07/09
Performing Hotel Notes for Sale
220 room Hotel - NC

PACKAGE # 11 – STATUS – available 4/07/09
Performing Hotel Notes for Sale
717 hotel rooms - cross-collateralized/cross-defaulted, full service hotels in D.C. and CA.

PACKAGE # 12 – STATUS – available 4/07/09
Performing Hotel Notes for Sale
300+ room Hotel - Cayman Islands -13 million in Notes Including the A series

PACKAGE # 13 – STATUS – available 4/07/09
Performing Hotel Notes for Sale
350+ room Hotel - FL - 49 million 1st

PACKAGE # 14 – STATUS – available 4/07/09
Performing Hotel Notes for Sale
190+ room Hotel - MA -

PACKAGE # 15 – STATUS – available 4/07/09
REO California and Hawaii
1 SFR 3914 sq.ft. Kailua-Kona HI
1 – 1900 sq.ft. SFR Lancaster, CA

PACKAGE # 16 – STATUS – available 4/07/09
Residential Construction – Los Angeles County
8 SFR – 72% complete
23 unit 82% Complete- Condo Project
25 unit 86% % Complete- Condo Project
25 unit 28% % Complete- Condo Project
12 unit 99% % Complete- Condo Project
30 unit 86% % Complete- Condo Project
4 unit 98% % Complete- Condo Project
7 unit 97% % Complete- Condo Project

PACKAGE # 17 – STATUS – available 4/07/09
Residential Land – Southern California
36 potential lots SFR- Cucamonga CA
195 units – Apple Valley, CA
28 Lots SFR- Riverside, CA
49 units Perris, CA
42 lost SFR Lancaster, CA
70 raw lots – Wildomar CA
285 lots – Corona, CA
40+ acres zoned 120+ SFR – Meifree CA
4 lots – Temcula, CA

PACKAGE # 18 – STATUS – available 4/07/09
Commercial Land – CA and NV
16 acres – Long Beach, CA
36 acres – Redding, CA
23 acres – Las Vegas, NV
3 acre – Las Vegas, NV
29 acres – Hesperia, CA
18 acres – Yucaipa, CA
17 acres – Las Vegas, NV
2.+ acres – North Las Vegas

PACKAGE # 19 – STATUS NEW – available 4/07/09
Residential REO
Estimated Current BPO: $5,582,000
Asking Price: $3,070,000
City
St
Zip
Property Type
LOS ANGELES
CA
90018
Ranch
LOS ANGELES
CA
90059
MFD/2 unit
COMPTON
CA
90220
Condo
LOS ANGELES
CA
91331
Ranch
SAN GABRIEL
CA
91776
Ranch
CHULA VISTA
CA
91915
Condo
INDIO
CA
92201
Ranch
DESERT HOT SPRINGS
CA
92240
Ranch
APPLE VALLEY
CA
92308
Ranch
BLOOMINGTON
CA
92316
1 story/bnglw
FONTANA
CA
92336
1 story/bnglw
HESPERIA
CA
92345
Ranch
RIALTO
CA
92376
MFD 2 unit
VICTORVILLE
CA
92392
2 story
SAN BERNARDINO
CA
92405
Ranch
SAN BERNARDINO
CA
92410
Land Only
RIVERSIDE
CA
92506
2 story
RIVERSIDE
CA
92507
MFD - 2 unit
LAKE ELSINORE
CA
92530
Ranch
MORENO VALLEY
CA
92551
2 story
SAN JACINTO
CA
92583
Ranch
HANFORD
CA
93230
Bungalow
WASCO
CA
93280
Ranch
BAKERSFIELD
CA
93301
Ranch
BAKERSFIELD
CA
93306
Ranch
BAKERSFIELD
CA
93306
Ranch
BAKERSFIELD
CA
93306
Ranch
BAKERSFIELD
CA
93308
Ranch
BAKERSFIELD
CA
93309
Ranch
CALIFORNIA CITY
CA
93505
Ranch
CALIFORNIA CITY
CA
93505
Ranch
CALIFORNIA CITY
CA
93505
Ranch
PALMDALE CITY
CA
93550
Ranch
PALMDALE AREA
CA
93551
2 story

PACKAGE # 20 – STATUS NEW – available 4/07/09
Residential REO
219 Single Family Homes in Los Angeles (69), Riverside (64), Orange (1), Ventura (1) and San Bernardino (85) CA