real estate Auction ZAREMBA BARRETT, LLC DIRECTS First Quarter Sell-Out of the remaining townhomes at villas

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1 real estate Auction Saturday, February 21st, 2009, 1 p.m. Cobb Galleria Centre, Atlanta 8 Townhome Condos Offered Absolute, Regardless of Price! Suggested Opening Bids Discounted 70% of Original Asking Price! ZAREMBA BARRETT, LLC DIRECTS First Quarter Sell-Out of the remaining townhomes at villas the at barrett lakes 2114 Brimfield Court Kennesaw (Suburban Atlanta), GA 30144

2 Premier real estate Auction event! Saturday, February 21st, 2009, 1 p.m. Cobb Galleria Centre, 2 Galleria Pkwy., Atlanta, GA 24 BRAND NEW LUXURY, TWO & THREE BEDROOM, TWO AND ONE HALF BATHS, TOWNHOME CONDOMINIUMS SURROUNDED BY SHOPPING, RESTAURANTS, AND BUSINESSES. Kennesaw is located in the heart of Cobb County approx. 20 miles NW of Downtown Atlanta. A True Urban Setting that is walking distance to many fine restaurants, TowneCenter Mall, Barrett Lakes Industrial Park, Cumberland Mall, The Cobb Galleria, Lake Alatoona, Kennesaw Mountain National Park, Shopping and More! Units range from approx. 1,655 S.F. to 2,047 S.F. Gourmet Kitchen with Granite Countertops, GE Appliances Excellent 90% Financing (APR@4.993%) to qualified (Stainless Steel optional) & Designer Cabinets owner occupants thru Fidelity Mortgage Moen Bath Fixtures Rate fixed at the time of application. Custom Wood Trim with Crown Moldings Closings: 2-car garages with Electric Openers A) Standard Closing, 40 days B) Quick Closing for 1% discount, 10 days Spacious and Flowing Floor Plans Builder s and Manufacturer s Warranties Private Gated Pool with Party Facilities Hardwood Floors Optional Community more than 60% Sold Out! All units have fenced deck or patio Located Minutes from I-75, I-575 & I-285 Sales Office: 2114 Brimfield Court, Kennesaw (Suburban Atlanta), Georgia. Sales Office Telephone : ZAREMBA BARRETT LLC DIRECTS 1 st QUARTER CLOSE OUT OF THE REMAINING TOWNHOMES AT BARRETT LAKES Originally Priced from $199,900 to $264,900 Now Buy at Your Price, Absolute Auction on 8 Individual Townhome Condominiums

3 The villas at barrett Lakes Sit The Windsor 3br/2.5ba (C2) The Napa 3b

4 e Plan The Monterey 3br/2.5ba (C1) br/2.5ba (C3) The Sonoma 2br/2.5ba (A1)

5 The Villas at Barrett Lakes Real Estate Auction Virtual Tour at Search: City of Kennesaw for tours of all Four models! The First 8 Units chosen at the Auction through the Choice Method of Bidding will be Absolute, Regardless of Price, with the balance to be offered with Reserve, Subject to Seller Acceptance. Group A PARCEL TYPE LOT ADDRESS BDRMS BATHS ESTIMATED SQ. FOOTAGE YEARLY REAL ESTATE TAXES MONTHLY Maint. FEE ORIGINALLY PRICED AT SUGGESTED OPENING BID CASHIER S CHECK REQ D. TO BID 1 A Bexley Place ,655 $1, $ $212,900 $75,000 $5,000 FEATURES MODEL : hardwood, custom paint, den molding 2 A Gates Mill Dr ,655 $1, $ $199,900 $67,500 $5,000 Deck, light granite countertop package 3 A Gates Mill Dr ,655 $1, $ $199,900 $67,500 $5,000 Deck, light granite countertop package 4 A Gates Mill Dr ,655 $1, $ $199,900 $67,500 $5,000 Deck, black granite countertop package 5 A Gates Mill Dr ,655 $1, $ $199,900 $67,500 $5,000 Deck, black granite countertop package 6 A Gates Mill Dr ,655 $1, $ $199,900 $67,500 $5,000 Patio, black granite countertop package 7 A Gates Mill Dr ,655 $1, $ $199,900 $67,500 $5,000 Patio, black granite countertop package 8 C Bexley Place ,879 $1, $ $199,900 $67,500 $5,000 Deck, black granite countertop package 9 C Bexley Place ,879 $1, $ $199,900 $67,500 $5,000 Deck, light granite countertop package 10 C Gates Mill Dr ,879 $1, $ $215,900 $67,500 $5,000 Deck, light granite countertop package 11 C Gates Mill Dr ,879 $1, $ $215,900 $67,500 $5,000 Deck, black granite countertop package 12 C Gates Mill Dr ,879 $1, $ $215,900 $67,500 $5,000 Deck, black granite countertop package 13 C Gates Mill Dr ,879 $1, $ $215,900 $75,000 $5,000 Deck, black granite countertop package 14 C Gates Mill Dr ,879 $1, $ $215,900 $67,500 $5,000 Patio, black granite countertop package 15 C Gates Mill Dr ,879 $1, $ $215,900 $67,500 $5,000 Patio, black granite countertop package Group B PARCEL TYPE LOT ADDRESS BDRMS BATHS ESTIMATED SQ. FOOTAGE YEARLY REAL ESTATE TAXES MONTHLY Maint. FEE ORIGINALLY PRICED AT SUGGESTED OPENING BID CASHIER S CHECK REQ D. TO BID 16 C Brimfield Ct ,915 $1, $ $240,900 $87,500 $8,500 FEATURES MODEL : hardwood, bathroom tile, custom paint, den molding, washer/dryer, range, microwave, dishwasher 17 C Gates Mill Dr ,915 $1, $ $229,900 $82,500 $8,500 Deck, black granite countertop package 18 C Gates Mill Dr ,915 $1, $ $229,900 $82,500 $8, C Gates Mill Dr ,915 $1, $ $229,900 $82,500 $8,500 Deck, black granite countertop package 20 C Gates Mill Dr ,915 $1, $ $229,900 $82,500 $8,500 Deck, black granite countertop package 21 C Gates Mill Dr ,915 $1, $ $229,900 $82,500 $8,500 Patio, black granite countertop package 22 C Gates Mill Dr ,915 $1, $ $229,900 $82,500 $8,500 Patio, black granite countertop package 23 C Brimfield Ct ,047 $1, $ $264,900 $87,500 $8,500 MODEL : hardwood, bathroom tile, custom paint, den molding, 1/2 bath wallpaper, washer/ dryer, stainless steel appliances 24 C Bexley Place ,047 $1, $ $239,900 $87,500 $8, C Bexley Place ,047 $1, $ $239,900 $87,500 $8, C Bexley Place ,047 $1, $ $239,900 $87,500 $8,500 Deck, black, stainless appl, hardwood on main, carpet upstairs, NOT end unit 27 C Gates Mill Dr ,047 $1, $ $239,900 $87,500 $8,500 Deck, black granite countertop package 28 C Gates Mill Dr ,047 $1, $ $239,900 $87,500 $8,500 Deck, black granite countertop package 29 C Gates Mill Dr ,047 $1, $ $239,900 $87,500 $8, C Gates Mill Dr ,047 $1, $ $239,900 $87,500 $8,500 Deck, black granite countertop package 31 C Gates Mill Dr ,047 $1, $ $239,900 $87,500 $8,500 Patio, black granite countertop package 32 C Gates Mill Dr ,047 $1, $ $239,900 $87,500 $8,500 Patio, black granite countertop package OPEN HOUSE SHOWINGS ALL S WILL BE OPEN FOR VIEWING ON SATURDAYS AND SUNDAYS JAN , 31, FEB. 1, 7-8, 14-15, FROM 12:00 NOON to 3:00 P.M. S WILL ALSO BE OPEN ON WEDNESDAY EVENINGS, JAN. 28, FEB. 4, 11, 18, FROM 5:00 P.M. to 8:00 P.M. DISCLAIMER: The information contained herein is subject to inspection and verification by all parties relying on it. This sale is being conducted subject to the Terms of Sale and the Real Estate Purchase Agreement. No liability for its inaccuracy, errors or omissions is assumed by the seller or auctioneer. ALL ACREAGE, SQUARE FOOTAGE, AND DIMENSIONS ARE APPROXIMATE. This offering may be withdrawn, modified, or canceled without notice at any time. Each property is subject to prior sale. This is not a solicitation or offering to residents of any state or jurisdiction where prohibited by law. AUCTION DATE & LOCATION: Saturday, February 21, 2009 at 1:00 P.M. Cobb Galleria Centre/2 Galleria Parkway/ Atlanta, GA 30339/Tel Registration will begin at 12:00 Noon. REASON FOR SALE: Zaremba Barrett LLC has now directed their remaining inventory of brand new townhomes at the Villas at Barrett Lakes for disposition in the 1st quarter of Rather than sell the assets slowly over a period of years, Zaremba Barrett has decided on this one-time sale, passing substantial savings on to the successful bidders at auction. Your bid at auction may be a once in a lifetime opportunity you have been waiting for to purchase a townhome or investment property of your choice at a fraction of replacement cost. FINANCING: Financing is available on each Unit for up to 90% of the total purchase price for Owner-Occupants and up to 80% of the total purchase price for investors through Fidelity Mortgage, the Designated Lender. Purchasers will have the option of using a Designated Lender for financing or closing their purchase for cash. The Designated lender can be reached at: Debbie F. Cheshire/Sr. Loan Specialist/Fidelity Mortgage/1000 Mansell Exchange West, Suite 360, Woodside Center, Alpharetta, Georgia 30022/Cell: /Office: /Fax: / Deborah. cheshire@lion.com. SCHEDULED OPEN HOUSES & AUCTION SALES OFFICE: The Chartwell Auctions Sales Office is located at Unit 10 in The Villas at Barrett Lakes. The Sales Office will be open from 12:00 Noon to 3:00 P.M. on Saturdays and Sundays, January 24, 25, 31 & February 1,7,8,14,15. as well as Wednesday Evenings January 28, February 4, 11, 18 from 5:00 P.M. to 8:00 P.M. The telephone number to the Sales Office during open house times is DIRECTIONS: From I-75 N, Exit 269 Barrett Parkway, Turn Left onto Barrett Parkway (3 miles), Turn Right onto Cobb Parkway, Turn Right at Vaughn Road (First Traffic Light). The Luxurious Villas at Barrett Lakes will be on your left! APPLIANCES/FINISHES: To upgrade to hardwood floors in the A1 units $4,900 per unit, in the C1 units $6,100 per unit, in the C2 units $6,000 per unit, in the C3 units $7,100 per unit will be added to the winning bid to determine the total purchase price. To upgrade the kitchen packages to Stainless Steel the cost will be $3,150 per unit. MODEL S: Model Units can be purchased with the furniture that currently resides in the model units for an additional cost of: Parcel 1, Style A-1 Model: $11,775, Parcel 16, Style C-1 Model: $30,250 and Parcel 23, C-3 Model: $23,750 to be added to the high bid price to determine the total purchase price. Please see the Real Estate Purchase and Sale Agreement for more details. LICENSED BROKER PARTICIPATION: A referral fee equal to 2% of the High Bid Price, will be paid by the Seller to the real estate broker acting as a buyer broker, whose Client pays for and closes on the property. For full terms and conditions please reference the Bidder s Packet. CASHIER S CHECK REQUIRED TO BID: A Cashier s Check in the amount listed in the brochure payable to O Kelley & Sorohan, LLC: Attn: Richard Dobkin, Escrow Agent, 1979 Lakeside Parkway, Suite 340, Tucker, Georgia 30084/ Tel: /Fax: / rdobkin@oslawllc.com is required for each property, and will be used as Earnest Money for each property purchased at auction. BUYER S PREMIUM: This sale at auction will provide that the Purchaser pay to the Seller as part of the total purchase price a premium (fee) equal to 7% of the high bid or offer price. The buyer s premium will be added to the high bid or offer price in the Real Estate Purchase Agreement to determine the Total Purchase Price. Financing, if any, is calculated on the Total Purchase Price. CLOSING: All townhomes will be delivered with Free and Clear Title with Title Insurance. All Real Estate Taxes and Condo Association Fees will be pro-rated at the time of closing. Each sale will close on or about April 3rd, 2009, at the Offices of O Kelley & Sorohan, LLC: Richard Dopkin, Escrow Agent, 1979 Lakeside Parkway, Suite 340, Tucker, Georgia 30084/ Tel: at which time Purchaser shall pay the balance of the purchase price. Time is of the essence. DISCOUNT FOR QUICK CLOSING: For Purchasers that close within 10 days of the auction, a 1% credit of the high bid amount will be given at closing. BIDDERS PACKETS: A complete Bidder s Packet has been prepared providing information on each Condominium at Auction with Purchase & Sale Agreement, Financing Information, and other Pertinent Information. Bidder s Packets are available for $10 at the time and place of all Open Houses, at the time and place of the Auction, and by mail. EACH PARTY WHO WILL BE BIDDING AT AUCTION IS REQUIRED TO ACQUIRE A BIDDER S PACKET.

6 Gordon Greene / GA Broker & GAAL: AUNR Chartwell Group LLC 1301 East Ninth Street, Suite 2210 Cleveland, OH Telephone: (216) Fax: (216) AUCTION HOTLINE: Presorted First-Class Mail U.S. Postage P A I D Minneapolis, MN Permit 3723 axp/ real estate Auction Saturday, February 21st, 2009, 1 p.m. Cobb Galleria Centre, Atlanta 24 BRAND NEW LUXURY, TWO & THREE BEDROOM, TWO AND ONE HALF BATHS, TOWNHOME CONDOMINIUMS SURROUNDED BY SHOPPING, RESTAURANTS, AND BUSINESSES. A True Urban Setting that is walking distance to many fine restaurants, TowneCenter Mall, Barrett Lakes Industrial Park, Cumberland Mall, The Cobb Galleria, Lake Alatoona, Kennesaw Mountain National Park, Shopping and More! Kennesaw is located in the heart of Cobb County approx. 20 miles NW of Downtown Atlanta. 8 Townhome Condos Offered Absolute, Regardless of Price! Suggested Opening Bids Discounted 70% of Original Asking Price!