BANKS

Market Summary

Denver Metro Area Active Listings Residential + Condo July 1, 2010

			% Change vs
			Prior Month	Prior Year
Active	22,689		5.86	8.8
Pending	551		-5.49	-
Under Cnt	3,885		.05	-31.41
Sold	4,046		-7.31	-3.34
Avg Price	273,511		10.23	5.83
Avg DOM	82		9.62	-17.93

Bank Owned Estimated

1.) $100-200,000 = 908 Properties

2.) $200-9M = 1,089

Total = 1,997 Properties (8.8%)*

Pending Status is a new category, contracts pending lender approval, either in Short Sale or Bank Owned, Buyer and Seller signed, reflecting the significance of that inventory as different from standard "Under Contract".

Project Analysis: Given status of property, condition, existing liens, community impact factors, and other in house file factors, what is the Value vs Debt picture?

Construction Management: General contractor services are available, following their pro forma spread sheet analysis, in order to bottom line critical decisions of additional capital investment, if any, allied with Marketing and Sales.

Marketing & Sales: Comprehensive Cost Benefit Analysis helps the lender evaluate incomplete projects, or at least allow a value adjustment in cases where no capital contribution is possible. Coordination of comprehensive Marketing Research, Strategy, and Launch are all possible, capping off the package of services outlined above.

For lender REO and Asset Management site specific proposals, Contact Us.

*Caveat: unknown portion is also Short Sale or Pre Foreclosure, of which there are additional properties, for a total not addressed in this summary.