WHWEHREER ER REEAALL EESSTTAATTEE IS I SM OMVOINVGING™
Investment Strategies 
Residential real estate investors have 2 primary strategies: 
FLIP RENT OTHER 
© Auction.com | Confidential & Proprietary 
2 
Buying to fix and sell or 
wholesale immediately. 
Buying to repair and rent or 
maintain current tenant. 
Vacation Rental 
OWC Finance 
Farm… 
A very small % have niche 
strategies.
Types of Residential Real Estate Investment Properties 
Homes can be purchased on two sides of the foreclosure divide: 
Pre-Foreclosure Post-Foreclosure 
© Auction.com | Confidential & Proprietary 
3 
Short Sale Foreclosure Sale 
Negotiate with the 
lender and homeowner 
to purchase for less 
than owed to lender. 
Purchase at live* 
foreclosure sale (aka 
Trustee Sale, Sheriff 
Sale, etc.). 
REO Traditional 
These homes have 
gone through the 
foreclosure sale 
process and are now 
owned by the lender. 
For sale by an 
individual or investor 
to be purchased 
direct. 
FORECLOSURE 
Differing paths to a common goal: 
Profiting from the purchase of an investment property. 
* In many counties in Florida, these sales are conducted as daily online auctions.
Judicial and Non-Judicial Foreclosure Auctions 
• Live auctions currently held in: 
AZ, CA, GA, ID, MO, NC, NV, TN, 
TX, WA 
• No Auction.com Buyer’s Premium 
• Judicial assets available to bid on 
online in FL 
• Additional states where Auction.com 
markets foreclosure properties: AL, 
CO, IL, IN, MD, MI, MN, MS, NJ, 
NY, OH, OK, OR, PA, SC, UT, VA, 
WS 
• Value-Based Bidding 
© Auction.com | Confidential & Proprietary 
4 
(1) Many opening bids are set to equal the outstanding loan balance, even if it’s more than the property is worth. However, 
“Value-Based Bids” are set by the lender to more closely reflect the current value of the property, not what the past owner owes 
the bank. Not all homes will have Value-Based Bidding, but those that do are priced to sell.
Foreclosure Third Party Sales Auction Map 
Servicers maximize execution in judicial model states by leveraging investor demand 
through efficient and transparent platform at Auction.com 
© Auction.com | Confidential & Proprietary 
5 
Foreclosure Third 
Party Sale States 
Non-Active Foreclosure 
Third Party Sale States 
We are now in 29 states 
bringing our signature 
marketing and 
transparency to an 
otherwise closed market 
which has increased 
competition for the 
assets and yielded more 
sales at higher prices. 
Expansion 
AL 
AZ 
AR 
CA CO 
CT 
DE 
FL 
GA 
ID 
IL IN 
IA 
KS 
KY 
LA 
ME 
MD 
MA 
MI 
MN 
MS 
MO 
MT 
NV NE 
NH 
NJ 
NM 
NY 
NC 
ND 
OH 
OK 
OR 
PA 
RI 
SC 
SD 
TN 
TX 
UT 
VT 
VA 
WA 
WV 
WI 
WY 
AK 
HI
Value Based Bidding vs. Total Debt Bidding 
Value-Based Bid Total Debt Red Total Debt Blue 
© Auction.com | Confidential & Proprietary 
6 
The lender is expected to 
submit a bid based on the 
current market value of the 
property and below the total 
amount owed. 
We mark these properties with 
the red total debt banner to 
indicate that the lender is 
expected to submit a bid equal 
to the amount owed. 
The blue total debt banner 
indicates that the lender is 
expected to submit a bid equal 
to the amount owed. BUT, we 
believe that the amount is less 
than the current value of the 
property.
REO Online Auctions 
What you should know 
© Auction.com | Confidential & Proprietary 
7 
Auctions are conducted 
weekdays online at 
Auction.com 
Registration is free. All that 
is required is a small deposit 
in the form of a credit card 
authorization. 
% 
Some properties have a 
Buyer’s Premium but many 
do not. 
Some properties may be 
occupied and have no interior 
inspection. These are noted 
on Auction.com 
Some properties are 
financeable, others may not 
be due to occupancy or a 
needed repair. 
Read and understand all due 
diligence documents and 
transaction details prior to 
the auction.
Types of REO Properties 
Bank-owned properties: 
Newly Foreclosed 
• Posted just days after foreclosure 
• Likely occupied 
• May require eviction 
• No interior inspection 
• Not financeable, in most cases 
• Not on MLS 
• Broker co-op may be available 
© Auction.com | Confidential & Proprietary 
8 
Occupied 
• In differing stages of eviction 
• May be vacant 
• No interior inspection 
• Not financeable, in most cases 
• Broker co-op may be available 
Vacant 
• No longer occupied 
• Open house dates on Auction.com 
• Financeable, in many cases 
• Broker co-op may be available 
• Institutional sellers motivated to move properties 
• Most of these properties are unavailable anywhere else
MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY 
Southeast 
Southwest 
CA / NV 
© Auction.com | Confidential & Proprietary 
Northeast 
Midwest 
Pacific 
Northwest/Hawaii 
Special 
Events* 
Southeast 
Southwest 
CA / NV 
Northeast 
Midwest 
Pacific 
Northwest/Hawaii 
Auction Regions – Auctions End on Weekdays 
9 
AL 
AZ 
AR 
CA CO 
CT 
DE 
FL 
GA 
ID 
IL IN 
IA 
KS 
KY 
LA 
ME 
MD 
MA 
MI 
MN 
MS 
MO 
MT 
NV NE 
NH 
NJ 
NM 
NY 
NC 
ND 
OH 
OK 
OR 
PA 
RI 
SC 
SD 
TN 
TX 
UT 
VT 
VA 
WA 
WV 
WI 
WY 
AK 
HI
Auction.com 
How it Works 
WHWEHREER ER REEAALL EESSTTAATTEE IS I SM OMVOINVGING™
How to Buy a Property on Auction.com 
Auction.com enables you to find, bid and buy properties online 
Find Bid Win 
© Auction.com | Confidential & Proprietary 
11 
Search for properties that 
interest you. Save them as your 
favorites or sign up for alerts. 
Once you find your favorite 
property, register for its 
auction, and get ready to bid. 
If you are the winning bidder, 
submit your payment and 
documents to begin the 
closing process.
Search Page 
© Auction.com | Confidential & Proprietary 
12
Property Page 
© Auction.com | Confidential & Proprietary 
13
Log into your account from the homepage 
© Auction.com | Confidential & Proprietary 
14
Email Notifications 
• Choose cities of interest and types of properties you’d like. Once criteria are 
set, Auction.com emails you listings that fit your criteria. 
• Visit www.auction.com/email to learn more. 
© Auction.com | Confidential & Proprietary 
15 
Benefits 
1 2 3 
Get newest listings 
from Auction.com 
emailed to you 
every day 
Choose only the 
cities and property 
types that interest 
you 
Be first to know 
when and where an 
auction in your area 
will take place
My Dashboard 
When you sign up for an account you can track your saved assets, register for 
an event, and monitor bid activity all through your dashboard 
© Auction.com | Confidential & Proprietary 
16
My Dashboard – Saved Assets Tab 
What you can do from the Saved Assets Tab: 
• Register for an event (A) 
• Create a brochure (B) 
• Download an asset list to excel (C) 
• Get directions to the properties (D) 
© Auction.com | Confidential & Proprietary 
17 
(A) 
(B) (C) (D)
iPad 
© Auction.com | Confidential & Proprietary 
18
VIP Offering Summary 
Just for registering for this webinar, 
you are granted access to the 
bi-weekly Auction.com VIP Offering 
Summary. Here’s what it is: 
© Auction.com | Confidential & Proprietary 
19 
• Bi-weekly data files of all properties 
on Auction.com 
• Custom groupings of properties 
highlighting special opportunities 
• Exclusive distribution to our top 1% of 
multiple property buyers 
• Use Excel to slice, dice and filter 
• The #1 tool we provide our top 
regional and institutional investors 
• Look for an email next week with all 
details on how to receive this 
INVITATION ONLY property source!
Disclosure and Confidentiality 
This document, including all attachments, addenda, and exhibits provided in any form (together the “Confidential Documents”), is being furnished to the recipient (the “Recipient”) 
solely for the Recipient’s own limited use in considering whether to place real estate and/or mortgage notes (“Assets”) into an auction with Auction.com (the “Company”). 
The Company has prepared these Confidential Documents, which contain brief, selected information pertaining to the business and affairs of the Company. This information does 
not purport to be all-inclusive nor does it purport to contain all the information which the Recipient may desire. Neither the Company nor any of its respective partners, officers, 
employees or agents make any representations or warranties, expressed or implied, as to the accuracy or completeness of these Confidential Documents or of its contents, and no 
legal liability is assumed or shall be implied with respect thereto. 
The Recipient agrees that (a) the Confidential Documents are confidential information, except for such information contained in these Confidential Documents that is a matter of 
public record, (b) the Recipient, the Recipient’s employees, agents and consultants (collectively, the “Need to Know Parties”) will hold and treat these Confidential Documents in the 
strictest of confidence, and the Recipient and the Need to Know Parties will not, directly or indirectly, disclose or permit anyone else to disclose their contents to any other person, 
firm, or entity without the prior written authorization of the Company, and (c) the Recipient and the Need to Know Parties will not use or permit to be used these Confidential 
Documents or its contents in any fashion or manner detrimental to the interest of the Company or for any purpose other than use in considering whether to conduct business with 
the Company. The Recipient and the Need to Know Parties agree to keep these Confidential Documents and all confidential information contained herein confidential indefinitely 
and further agree to use these Confidential Documents solely for the purpose set forth herein. 
© AUCTION.COM, LLC & AFFILIATES | CONFIDENTIAL AND PROPRIETARY | PHOTOCOPYING, DUPLICATION AND DISTRIBUTION ARE STRICTLY 
PROHIBITED. 
Auction.com, LLC, 1 Mauchly, Irvine, CA 92618, (800) 499-6199. AL RE Brkr 000094404-0; Auction Firm C17; Auctioneer Mark Buleziuk 5097, Michael Carr 5117; AK Auction.com RE Brkr 2207; AR RE Brkr PB00069447; Auctioneer Michael Eugene Carr 2241; AZ REDC RE Brkr 
CO586378000; CA Auction.com RE Brkr 01093886; Auction Company SB 0475258, Mark Buleziuk SB 0418863, Michael E. Carr SB 0447257; CO RE Brkr EL100028410; CT RE Brkr Mary C. Quella REB.0788534; DC RE Brkr LL98370409; DE RE Brkr RB-0003407; Auction Firm 
2010102063; Auctioneer Michael E. Carr 2010602450; FL Auction.com RE Brkr No. CQ1031187; Auctioneer Mark Buleziuk AU3448, Michael E. Carr AU2913; GA RE Brkr H-61904; Auctioneer Michael E. Carr AU002162, Mark Buleziuk AU003653; HI Auction.com, Inc. RE Brkr RB-20620; 
IA Auction.com, Inc. RE Brkr F05393000; ID RE Brkr LC38200; IN RE Brkr RC51100011; Auction Firm AC 31100002; Auctioneer Michael E. Carr AU10800046, Mark P. Buleziuk AU10900036; IL Auction.com RE Brkr 478.012986; City of Chicago Auctioneer Mark Buleziuk 1717389, Michael 
E. Carr 1845772; KS RE Brkr CO00001663; KY RE Brkr 70386; Auctioneer Michael E. Carr RP3128, Mark Buleziuk RP3242; LA RE Brkr BROK.0995681059-CORP; Auction Firm AB-328; Auctioneer Michael Carr 1734, Mark Buleziuk 1733; ME Auction.com RE Brkr AC90602657; 
Auctioneer Mark Buleziuk AUC1527; MD RE Brkr 632690; MA Real Estate Disposition Corporation RE Brkr 7990; Auction Firm Real Estate Disposition Corporation 03058; Auctioneer Michael E. Carr 2888, Mark Buleziuk 2788; MI Auction.com RE Brkr 6505355610; MN Auction.com RE Brkr 
40040398; MS RE Brkr 19897; Auction Firm 1203F; Auctioneer Michael E. Carr 1202, Mark Buleziuk 1241; MO Auction.com RE Brkr 2008027754; NE Auction.com RE Brkr 20090564; NV Auction.com RE Brkr B.1000803.CORP; NH RE Brkr Dwight Keeler 053700; Auctioneer Mark Buleziuk 
5058 NJ Auction.com RE Brkr 1110662; NM RE Brkr 18057; NY Auction.com RE Brkr 10991207955; Auctioneer Michael E. Carr 1310812, Mark Buleziuk 1182103; NC Auction.com RE Brkr C20400; Auction Firm Auction.com 8781; Auctioneer Mark Buleziuk 8336, Michael E. Carr 8509; ND 
RE Brkr 2918; Auctioneer Michael E. Carr 918; OH RE Brkr Rick A. Kigar 0000299461; Auction Firm Auction.com, ltd 2009000113; Auctioneer Rick A. Kigar 57198129859; OK RE Brkr 157084; OR RE Brkr 201102068; PA Auction.com RE Brkr RB067122; Auction Firm Auction.com, Inc. 
RY000927; Auctioneer Mark Buleziuk AU005557, Michael E. Carr AU005518; RI Auction.com RE Brkr B16782; Auctioneer Mark Buleziuk 5163; SC RE Brkr 15690; Auction Firm 3933; Auctioneer Mark Buleziuk 3992, Michael E. Carr 2652; TN RE Brkr Michael E. Carr 317462; Auction Firm 
Auction.com, Inc. 5430; Auctioneer Michael E. Carr 4573; TX Auction.com RE Brkr 0580708; Auctioneer Mark Buleziuk 16063, Michael E. Carr 16354; UT RE Brkr 7923219-CN00; VT RE Brkr 083.0078393-MAIN; Auctioneer Mark P. Buleziuk 057.0068633; VA Auction.com RE Brkr 0226 
020092; Auction Firm Auction.com 2908000750; Auctioneer Mark Buleziuk 2907003422, Michael E. Carr 2907003599; WA Auction.com RE Brkr 9943; Auction Firm 2370; Auctioneer Michael E. Carr 2801, Mark P. Buleziuk 2731; WI RE Brkr 936870-91; Registered Auction Firm 384-53; 
Auctioneer Mark P. Buleziuk 2585-52; WV Auction.com RE Brkr 004930-00; Auctioneer Michael E. Carr 1976; WY Auction.com RE Brkr 189700. 03202012 
Auction.com, LLC and its affiliates maintain a firm commitment to providing professional services to any person regardless of race, color, religion, sex, disability, familial status, or national 
origin. The Company shall not knowingly be a party to any plan or agreement to discriminate against a person or persons on the basis of these or any similar prejudices or practices. This is not 
an offer for extension of credit or a commitment to lend. All loans satisfy underwriting guidelines. PAGE | 20 
© AUCTION.COM, LLC | CONFIDENTIAL AND 
SOS ResiRPEROO 1P1R/1IE3/T2A0R14Y

How to Buy at Foreclosure Auction

  • 1.
    WHWEHREER ER REEAALLEESSTTAATTEE IS I SM OMVOINVGING™
  • 2.
    Investment Strategies Residentialreal estate investors have 2 primary strategies: FLIP RENT OTHER © Auction.com | Confidential & Proprietary 2 Buying to fix and sell or wholesale immediately. Buying to repair and rent or maintain current tenant. Vacation Rental OWC Finance Farm… A very small % have niche strategies.
  • 3.
    Types of ResidentialReal Estate Investment Properties Homes can be purchased on two sides of the foreclosure divide: Pre-Foreclosure Post-Foreclosure © Auction.com | Confidential & Proprietary 3 Short Sale Foreclosure Sale Negotiate with the lender and homeowner to purchase for less than owed to lender. Purchase at live* foreclosure sale (aka Trustee Sale, Sheriff Sale, etc.). REO Traditional These homes have gone through the foreclosure sale process and are now owned by the lender. For sale by an individual or investor to be purchased direct. FORECLOSURE Differing paths to a common goal: Profiting from the purchase of an investment property. * In many counties in Florida, these sales are conducted as daily online auctions.
  • 4.
    Judicial and Non-JudicialForeclosure Auctions • Live auctions currently held in: AZ, CA, GA, ID, MO, NC, NV, TN, TX, WA • No Auction.com Buyer’s Premium • Judicial assets available to bid on online in FL • Additional states where Auction.com markets foreclosure properties: AL, CO, IL, IN, MD, MI, MN, MS, NJ, NY, OH, OK, OR, PA, SC, UT, VA, WS • Value-Based Bidding © Auction.com | Confidential & Proprietary 4 (1) Many opening bids are set to equal the outstanding loan balance, even if it’s more than the property is worth. However, “Value-Based Bids” are set by the lender to more closely reflect the current value of the property, not what the past owner owes the bank. Not all homes will have Value-Based Bidding, but those that do are priced to sell.
  • 5.
    Foreclosure Third PartySales Auction Map Servicers maximize execution in judicial model states by leveraging investor demand through efficient and transparent platform at Auction.com © Auction.com | Confidential & Proprietary 5 Foreclosure Third Party Sale States Non-Active Foreclosure Third Party Sale States We are now in 29 states bringing our signature marketing and transparency to an otherwise closed market which has increased competition for the assets and yielded more sales at higher prices. Expansion AL AZ AR CA CO CT DE FL GA ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NV NE NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY AK HI
  • 6.
    Value Based Biddingvs. Total Debt Bidding Value-Based Bid Total Debt Red Total Debt Blue © Auction.com | Confidential & Proprietary 6 The lender is expected to submit a bid based on the current market value of the property and below the total amount owed. We mark these properties with the red total debt banner to indicate that the lender is expected to submit a bid equal to the amount owed. The blue total debt banner indicates that the lender is expected to submit a bid equal to the amount owed. BUT, we believe that the amount is less than the current value of the property.
  • 7.
    REO Online Auctions What you should know © Auction.com | Confidential & Proprietary 7 Auctions are conducted weekdays online at Auction.com Registration is free. All that is required is a small deposit in the form of a credit card authorization. % Some properties have a Buyer’s Premium but many do not. Some properties may be occupied and have no interior inspection. These are noted on Auction.com Some properties are financeable, others may not be due to occupancy or a needed repair. Read and understand all due diligence documents and transaction details prior to the auction.
  • 8.
    Types of REOProperties Bank-owned properties: Newly Foreclosed • Posted just days after foreclosure • Likely occupied • May require eviction • No interior inspection • Not financeable, in most cases • Not on MLS • Broker co-op may be available © Auction.com | Confidential & Proprietary 8 Occupied • In differing stages of eviction • May be vacant • No interior inspection • Not financeable, in most cases • Broker co-op may be available Vacant • No longer occupied • Open house dates on Auction.com • Financeable, in many cases • Broker co-op may be available • Institutional sellers motivated to move properties • Most of these properties are unavailable anywhere else
  • 9.
    MONDAY TUESDAY WEDNESDAYTHURSDAY FRIDAY Southeast Southwest CA / NV © Auction.com | Confidential & Proprietary Northeast Midwest Pacific Northwest/Hawaii Special Events* Southeast Southwest CA / NV Northeast Midwest Pacific Northwest/Hawaii Auction Regions – Auctions End on Weekdays 9 AL AZ AR CA CO CT DE FL GA ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NV NE NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY AK HI
  • 10.
    Auction.com How itWorks WHWEHREER ER REEAALL EESSTTAATTEE IS I SM OMVOINVGING™
  • 11.
    How to Buya Property on Auction.com Auction.com enables you to find, bid and buy properties online Find Bid Win © Auction.com | Confidential & Proprietary 11 Search for properties that interest you. Save them as your favorites or sign up for alerts. Once you find your favorite property, register for its auction, and get ready to bid. If you are the winning bidder, submit your payment and documents to begin the closing process.
  • 12.
    Search Page ©Auction.com | Confidential & Proprietary 12
  • 13.
    Property Page ©Auction.com | Confidential & Proprietary 13
  • 14.
    Log into youraccount from the homepage © Auction.com | Confidential & Proprietary 14
  • 15.
    Email Notifications •Choose cities of interest and types of properties you’d like. Once criteria are set, Auction.com emails you listings that fit your criteria. • Visit www.auction.com/email to learn more. © Auction.com | Confidential & Proprietary 15 Benefits 1 2 3 Get newest listings from Auction.com emailed to you every day Choose only the cities and property types that interest you Be first to know when and where an auction in your area will take place
  • 16.
    My Dashboard Whenyou sign up for an account you can track your saved assets, register for an event, and monitor bid activity all through your dashboard © Auction.com | Confidential & Proprietary 16
  • 17.
    My Dashboard –Saved Assets Tab What you can do from the Saved Assets Tab: • Register for an event (A) • Create a brochure (B) • Download an asset list to excel (C) • Get directions to the properties (D) © Auction.com | Confidential & Proprietary 17 (A) (B) (C) (D)
  • 18.
    iPad © Auction.com| Confidential & Proprietary 18
  • 19.
    VIP Offering Summary Just for registering for this webinar, you are granted access to the bi-weekly Auction.com VIP Offering Summary. Here’s what it is: © Auction.com | Confidential & Proprietary 19 • Bi-weekly data files of all properties on Auction.com • Custom groupings of properties highlighting special opportunities • Exclusive distribution to our top 1% of multiple property buyers • Use Excel to slice, dice and filter • The #1 tool we provide our top regional and institutional investors • Look for an email next week with all details on how to receive this INVITATION ONLY property source!
  • 20.
    Disclosure and Confidentiality This document, including all attachments, addenda, and exhibits provided in any form (together the “Confidential Documents”), is being furnished to the recipient (the “Recipient”) solely for the Recipient’s own limited use in considering whether to place real estate and/or mortgage notes (“Assets”) into an auction with Auction.com (the “Company”). The Company has prepared these Confidential Documents, which contain brief, selected information pertaining to the business and affairs of the Company. This information does not purport to be all-inclusive nor does it purport to contain all the information which the Recipient may desire. Neither the Company nor any of its respective partners, officers, employees or agents make any representations or warranties, expressed or implied, as to the accuracy or completeness of these Confidential Documents or of its contents, and no legal liability is assumed or shall be implied with respect thereto. The Recipient agrees that (a) the Confidential Documents are confidential information, except for such information contained in these Confidential Documents that is a matter of public record, (b) the Recipient, the Recipient’s employees, agents and consultants (collectively, the “Need to Know Parties”) will hold and treat these Confidential Documents in the strictest of confidence, and the Recipient and the Need to Know Parties will not, directly or indirectly, disclose or permit anyone else to disclose their contents to any other person, firm, or entity without the prior written authorization of the Company, and (c) the Recipient and the Need to Know Parties will not use or permit to be used these Confidential Documents or its contents in any fashion or manner detrimental to the interest of the Company or for any purpose other than use in considering whether to conduct business with the Company. The Recipient and the Need to Know Parties agree to keep these Confidential Documents and all confidential information contained herein confidential indefinitely and further agree to use these Confidential Documents solely for the purpose set forth herein. © AUCTION.COM, LLC & AFFILIATES | CONFIDENTIAL AND PROPRIETARY | PHOTOCOPYING, DUPLICATION AND DISTRIBUTION ARE STRICTLY PROHIBITED. Auction.com, LLC, 1 Mauchly, Irvine, CA 92618, (800) 499-6199. AL RE Brkr 000094404-0; Auction Firm C17; Auctioneer Mark Buleziuk 5097, Michael Carr 5117; AK Auction.com RE Brkr 2207; AR RE Brkr PB00069447; Auctioneer Michael Eugene Carr 2241; AZ REDC RE Brkr CO586378000; CA Auction.com RE Brkr 01093886; Auction Company SB 0475258, Mark Buleziuk SB 0418863, Michael E. Carr SB 0447257; CO RE Brkr EL100028410; CT RE Brkr Mary C. Quella REB.0788534; DC RE Brkr LL98370409; DE RE Brkr RB-0003407; Auction Firm 2010102063; Auctioneer Michael E. Carr 2010602450; FL Auction.com RE Brkr No. CQ1031187; Auctioneer Mark Buleziuk AU3448, Michael E. Carr AU2913; GA RE Brkr H-61904; Auctioneer Michael E. Carr AU002162, Mark Buleziuk AU003653; HI Auction.com, Inc. RE Brkr RB-20620; IA Auction.com, Inc. RE Brkr F05393000; ID RE Brkr LC38200; IN RE Brkr RC51100011; Auction Firm AC 31100002; Auctioneer Michael E. Carr AU10800046, Mark P. Buleziuk AU10900036; IL Auction.com RE Brkr 478.012986; City of Chicago Auctioneer Mark Buleziuk 1717389, Michael E. Carr 1845772; KS RE Brkr CO00001663; KY RE Brkr 70386; Auctioneer Michael E. Carr RP3128, Mark Buleziuk RP3242; LA RE Brkr BROK.0995681059-CORP; Auction Firm AB-328; Auctioneer Michael Carr 1734, Mark Buleziuk 1733; ME Auction.com RE Brkr AC90602657; Auctioneer Mark Buleziuk AUC1527; MD RE Brkr 632690; MA Real Estate Disposition Corporation RE Brkr 7990; Auction Firm Real Estate Disposition Corporation 03058; Auctioneer Michael E. Carr 2888, Mark Buleziuk 2788; MI Auction.com RE Brkr 6505355610; MN Auction.com RE Brkr 40040398; MS RE Brkr 19897; Auction Firm 1203F; Auctioneer Michael E. Carr 1202, Mark Buleziuk 1241; MO Auction.com RE Brkr 2008027754; NE Auction.com RE Brkr 20090564; NV Auction.com RE Brkr B.1000803.CORP; NH RE Brkr Dwight Keeler 053700; Auctioneer Mark Buleziuk 5058 NJ Auction.com RE Brkr 1110662; NM RE Brkr 18057; NY Auction.com RE Brkr 10991207955; Auctioneer Michael E. Carr 1310812, Mark Buleziuk 1182103; NC Auction.com RE Brkr C20400; Auction Firm Auction.com 8781; Auctioneer Mark Buleziuk 8336, Michael E. Carr 8509; ND RE Brkr 2918; Auctioneer Michael E. Carr 918; OH RE Brkr Rick A. Kigar 0000299461; Auction Firm Auction.com, ltd 2009000113; Auctioneer Rick A. Kigar 57198129859; OK RE Brkr 157084; OR RE Brkr 201102068; PA Auction.com RE Brkr RB067122; Auction Firm Auction.com, Inc. RY000927; Auctioneer Mark Buleziuk AU005557, Michael E. Carr AU005518; RI Auction.com RE Brkr B16782; Auctioneer Mark Buleziuk 5163; SC RE Brkr 15690; Auction Firm 3933; Auctioneer Mark Buleziuk 3992, Michael E. Carr 2652; TN RE Brkr Michael E. Carr 317462; Auction Firm Auction.com, Inc. 5430; Auctioneer Michael E. Carr 4573; TX Auction.com RE Brkr 0580708; Auctioneer Mark Buleziuk 16063, Michael E. Carr 16354; UT RE Brkr 7923219-CN00; VT RE Brkr 083.0078393-MAIN; Auctioneer Mark P. Buleziuk 057.0068633; VA Auction.com RE Brkr 0226 020092; Auction Firm Auction.com 2908000750; Auctioneer Mark Buleziuk 2907003422, Michael E. Carr 2907003599; WA Auction.com RE Brkr 9943; Auction Firm 2370; Auctioneer Michael E. Carr 2801, Mark P. Buleziuk 2731; WI RE Brkr 936870-91; Registered Auction Firm 384-53; Auctioneer Mark P. Buleziuk 2585-52; WV Auction.com RE Brkr 004930-00; Auctioneer Michael E. Carr 1976; WY Auction.com RE Brkr 189700. 03202012 Auction.com, LLC and its affiliates maintain a firm commitment to providing professional services to any person regardless of race, color, religion, sex, disability, familial status, or national origin. The Company shall not knowingly be a party to any plan or agreement to discriminate against a person or persons on the basis of these or any similar prejudices or practices. This is not an offer for extension of credit or a commitment to lend. All loans satisfy underwriting guidelines. PAGE | 20 © AUCTION.COM, LLC | CONFIDENTIAL AND SOS ResiRPEROO 1P1R/1IE3/T2A0R14Y

Editor's Notes