270 REO Nationwide Bulk Trade

[Peter Mitchell]

Hello all,

I am selling 270 properties nationwide. Don’t want to waste anyone’s time, so please see detail below:

1. Seller - My firm, G8 Capital, owns these properties and I am the one coordinating this sale on the companies behalf.
2. Current Values - Properties are low value. Current BPO’s were completed in August/September 2009 and range from $1-40K
3. Conditions - Buyer to purchase properties "as-is" with responsibility for all liabilities associated with the property (i.e. outstanding taxes, liens, etc.)
4. Title - Title to transfer via Quit Claim Deeds (we will prepare)
5. Footprint - Location of properties is spread over 29 states. Probably no surprise: AL, AR, AZ, CA, FL, GA, IA, IL, IN, KS, KY, LA, ME, MI, MN, MO, MS, NC, NE, NY, OH, OK, PA, RI, SC, TN, TX, VA, WI
6. Pricing - Looking for the highest and best offer for the entire population. I will also carve up the tape by state, however, an “all in†bid will take priority. I get how an investor will price this deal, so know that my expectation is reasonable. I am motivated to move these properties.

Once again, we own these properties / we are the seller. My company, G8 Capital, has acquired 20 distressed portfolio's over the past two years. Please feel free to check out our website for press releases, more info, etc.

If you are interested or know legitimate groups that would be interested, please contact me direct (email below). I will want to get on a phone call to discuss further which will hopefully give both parties (me and buyer) a chance to have some level of comfort before proceeding further.

Thank you all and look forward to working with you.

PJ Mitchell, VP Finance
G8 Capital