FDIC Real Estate Auction to Offer More Than 100 Properties in Atlanta and North Georgia

Single-Family Homes, Townhomes, Lots, Land and Commercial Properties to Be
Auctioned
ATLANTA--(Business Wire)--
J.P. King Auction Company, the nation`s leading real estate auction firm, will
manage the Federal Deposit Insurance Corporation`s (FDIC) auction of over 100
foreclosed properties throughout North Georgia and greater Atlanta. The sale
will take place on October 27 and October 28, 10 a.m. daily at the Renaissance
Waverly Hotel in Atlanta. A variety of assets are available, and many of each
property type will sell absolute with no minimums and no reserves through J.P.
King`s Asset Auctions Division.

The sale will offer single-family homes, townhomes and home lots. The
residential properties range from one-bedroom condos to six-bedroom homes.
Commercial properties include office condos, office buildings, warehouses and a
convenience store with gas station and car wash. Land properties range from
smaller commercial development land to 137+/- acre agricultural land.

"Whether you are a developer or investor looking for great opportunities in the
Atlanta area or a first time buyer still seeking to take advantage of the $8,000
tax credit, the FDIC sale can accommodate every need," said Craig King,
president & CEO of J.P. King Auction Company.

Property locations include the Atlanta city limits and surrounding cities such
as Hampton, Convington, Athens, Alpharetta, Greensboro, McDonough and other
areas covering much of North Georgia.

Properties will be open for inspection at designated times during the weeks
leading up to the auction, which will be posted on www.jpking.com. Individuals
interested in information about the upcoming auction may contact J.P. King`s
Asset Auctions Division at 800.558.5464 or visit the company`s Web site. Online
bidding will be available and interested participants can visit the Web site for
additional information. A $1,000 per property registration fee is required via
cashier`s check.

Federal Deposit Insurance Corporation (FDIC)

Congress created the Federal Deposit Insurance Corporation in 1933 to restore
public confidence in the nation's banking system. The FDIC insures deposits at
the nation's 8,494 banks and savings associations and it promotes the safety and
soundness of these institutions by identifying, monitoring and addressing risks
to which they are exposed. The FDIC receives no federal tax dollars--insured
financial institutions fund its operations.

J.P. King Auction Company`s Asset Auctions Division, based in Gadsden, Ala.,
works closely with the FDIC and other institutions by providing assistance in
the liquidation of properties. J.P. King has marketed upscale properties in 49
states and six countries. This sale is conducted through its Asset Division,
which serves corporate clients, financial institutions and government entities
in the disposition of strategic assets.

The Conroy Martinez Group
Jose Boza/Jorge Martinez, 305-445-7550

Copyright Business Wire 2009