• Mortgage bankers can securitize real estate loans and insure property value decline
• Investors can invest real estate based securities and derivatives to benefit from real estate price movements, portfolio diversification and fixed income return
• Property owners can insure property price decline and obtain debt-free cash

IRESE works with Brokers to facilitate original issue of Real Estate Options and Real Estate Notes.

UPCOMING REAL ESTATE Finance Auctions

Real Estate NotesReal Estate Options

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Picture Actions	Title Status Date	Amount @ Rate Credit LTV | DTI	% Funded Total Bids Closed On
	1843 CAROLINA STREET BATON ROUGE, LA 70802 RNF-70802-061440 Bidding: Active Funding: Bidding Updated:3/1/2009	$64,000 note at 10.380% fixed rate for 30 years HR credit grade 22% DTI 76% LTV	55% funded in total $35,308 52 bids 4/1/2010
	6765 CORPORATE BLVD #6302 BATON ROUGE, LA 70801 RNF-70801-100047 Bidding: Active Funding: Bidding Updated:3/1/2009	$101,250 note at 11.750% fixed rate for 30 years D credit grade 23% DTI 75% LTV	52% funded in total $53,405 61 bids 4/1/2010
	45 South Street LE ROY, NY 14482 RNF-14482-521701 Bidding: Active Funding: Bidding Updated:3/1/2009	$50,000 note at 10.500% fixed rate for 10 years HR credit grade 44% DTI 57% LTV	52% funded in total $26,105 42 bids 4/1/2010
	19111 KRIS AVENUE DESERT HOT SPRINGS, CA 92241 RNF-92241-645663 Bidding: Active Funding: Bidding Updated:3/1/2009	$84,800 note at 10.000% fixed rate for 30 years D credit grade 38% DTI 80% LTV	52% funded in total $44,254 52 bids 4/1/2010
	2513 SOUTH KINNICKINNIC AVENUE MILWAUKEE, WI 53207 RNA-53207-638428 Bidding: Active Funding: Bidding Updated:3/1/2009	$100,000 note at 10.490% adj. rate for 30 years C credit grade 49% DTI 50% LTV	52% funded in total $52,150 49 bids 4/1/2010

Trade Details

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Picture Actions	Title Status Date	Amount @ Rate Credit LTV | DTI	% Funded Total Bids Closed On
	136 36TH AVENUE NE SAINT PETERSBURG, FL 33704 ROC-33704-368863 Bidding: Active Funding: Bidding Updated:3/1/2009	Debt Free Cash Option (Price:$7,094 Term:5 years Strike:$190,000) (Financing:$3,547 Shares:500 @ $7.09) C credit grade 49% DTI 75% LTV	100% funded in total $3,547 33 bids 4/1/2010
	136 36TH AVENUE NE SAINT PETERSBURG, FL 33704 ROP-33704-847883 Bidding: Active Funding: Bidding Updated:3/1/2009	Price Decline Insurance Option (Price:$1,941 Term:5 years Strike:$150,000) (Financing:$970 Shares:500 @ $1.94) C credit grade 49% DTI 75% LTV	100% funded in total $970 41 bids 4/1/2010
	2 COLLINS DRIVE WILMINGTON, DE 19803 ROC-19803-715451 Bidding: Active Funding: Bidding Updated:3/1/2009	Debt Free Cash Option (Price:$7,615 Term:5 years Strike:$370,000) (Financing:$3,808 Shares:500 @ $7.62) D credit grade 50% DTI 90% LTV	100% funded in total $3,808 31 bids 4/1/2010
	2 COLLINS DRIVE WILMINGTON, DE 19803 ROP-19803-384472 Bidding: Active Funding: Bidding Updated:3/1/2009	Price Decline Insurance Option (Price:$1,698 Term:5 years Strike:$310,000) (Financing:$849 Shares:500 @ $1.70) D credit grade 50% DTI 90% LTV	100% funded in total $849 28 bids 4/1/2010
	7340 WILLOW SPRINGS CIRCLE SOUTH BOYNTON BEACH, FL 33436 ROC-33436-083500 Bidding: Active Funding: Bidding Updated:3/1/2009	Debt Free Cash Option (Price:$2,910 Term:5 years Strike:$200,000) (Financing:$1,455 Shares:500 @ $2.91) E credit grade 48% DTI 80% LTV	100% funded in total $1,455 29 bids 4/1/2010

Trade Details