Broker Participation:
Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well a Broker's license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on Tuesday, March 11, 2008. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent.

Basic Terms and Condtions:

1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins on site at 11:00 AM. Please bring a driver’s license for identification.
   
2. TERMS OF SALE: All property is sold “AS IS, WHERE IS.” Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate. ALL SALES ARE FINAL. The Property is being sold subject to Seller confirmation.
   
3. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, WORLD HOUSING CORPORATION.
   
4. ANNOUNCEMENTS: Announcements day of sale take precedence over all prior releases, verbal and written, concerning this sale.
   
5. BIDDING: The auctioneer will determine bid increments.
   
6. BUYER’S PREMIUM: A Buyer’s Premium will be charged. The Buyer’s Premium is five percent (5%) of the high bid amount. The Buyer’s Premium is added to the high bid amount to determine the sale price.
   
7. DEPOSIT: A deposit in the amount of ten percent (10%) of the sale price (high bid plus Buyer’s Premium) will be required on day sale. The deposit is payable by cash, cashier’s check. pre-approved personal check made payable to Woltz & Associates, Inc. or wire transfer into Woltz & Associates, Inc. Escrow Account on sale day. Personal checks will be approved if the Buyer presents, at time of registration, a letter from its bank stating that the Buyer is a customer of the bank and that the account on which the check is drawn is in good standing.
   
8. CLOSING DATE: The balance of the purchase price is due at settlement on or before April 14, 2008.
   
9. TRANSFER OF TITLE: The real estate will be conveyed by general warranty deed free and clear of liens subject, however, to any rights of way, easements, conditions and restrictions of record.
   
10. BIDDER PACKET: A Bidder Packet with information regarding the property is available from the Auction Company.
    
11. BOUNDARY LINES AND OTHER INFORMATION: The information contained in this brochure is subject to verification by parties relying upon it. No liability for its accuracy, errors or omissions is assumed by the Auction Company or Seller.