FOR IMMEDIATE RELEASE

A slowdown in the real estate market and the resulting surplus of inventory has lead serious sellers of all property types to choose AUCTION as the most efficient method to sell their real estate. This is true for both residential and commercial offerings as evidenced by the 14 property auction being conducted by Tranzon Fox over a period of 6 days in September. Sellers for these Virginia and North Carolina opportunities include three separate lenders, the U.S. Bankruptcy Court for the Eastern District Court of Virginia, Richmond Division, and an estate, presenting unique opportunities for all kinds of buyers.

The ABSOLUTE offerings include the estate property - a single family two-story colonial home in Richmond, VA – being offered absolute to the highest bidder regardless of price. In addition, six Bank-owned residential building lots in Caswell County, NC, will be sold absolute to the highest bidder regardless of price.

For residential buyers – investors or those looking for a starter home – Tranzon Fox will auction four single-family homes, three with rental history. And, for those in the market for a showplace, a brick custom ranch home on the tee box of the 2nd hole of Brickshire’s 18-hole Curtis Strange golf course in Providence Forge, VA will be auctioned.

For land buyers, on behalf of the U.S. Bankruptcy Court for the Eastern District Court of Virginia, Richmond Division, Tranzon Fox will auction a 26 ± acre parcel full of possibilities in Goochland County, VA, and a 2 ± acre lot featuring approximately 190 feet of frontage and roughly 500 feet of depth in Louisa County, VA.

For developers and investors, a unique redevelopment site offers 6.7+/-, multi family-zoned acres surrounding a classic 1940 Brick school building. Located on the southwest corner of Brentwood Street and Russell Avenue, the Property is just off of 85-Business in High Point, NC.

Tranzon Fox, headquartered in Virginia Beach, VA, is a full-service real estate auction company and a founding member company of Tranzon, L.L.C., a real estate auction group based on the premise that combining the powerful auction selling process with a highly professional organization with national resources, and regional member companies having local market knowledge, offers a compelling value proposition to sellers of real estate desiring to sell their property for the highest price possible in the shortest time possible. The member companies of Tranzon have experience in selling virtually all types of property, and our staff includes among the most respected names in the industry with backgrounds in finance, law, and accounting, to name just a few. Tranzon member companies auction over 1,000 properties every year. Since our founding in November 2000, we have conducted auctions in 46 states and the District of Columbia generating over $800 million in sales proceeds for our clients.

For a complete list of auctions and sales or to learn more about Tranzon visit www.tranzon.com.