Lake Medina Topics: Thanks for the report!

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	Name:	roswellric -
	Subject:	Thanks for the report!
	Date:	3/20/2012 10:10:50 PM

That was a really great job of reporting. I have a few of observations;

1. King was handcuffed by the bank and obviously frustrated. They didn't make any money beyond overhead.
2. The homes & lots were not premium and couldn't command premium bids.
3 The bank is suffering from the recent takeover by outsiders and is out of touch.
4. Buyers here don't think this is a bottom. I think they are wrong but this auction didn't help things.

Overall this was a negative event for Lake Martin.I hate that. I think the bank is the biggest culprit but the auctioneers helped. I hope this doesn't happen again. It probably won't. It was a perfect storm.