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Robert B. Orgel (CA Bar No. 101875) Samuel R. Maizel (CA Bar No. 189301) Jeffrey L. Kandel (CA Bar No. 115832) PACHULSKI STANG ZIEHL & JONES LLP 10100 Santa Monica Blvd., 11th Floor Los Angeles, California 90067-4100 Telephone: 310/300-2027 Facsimile: 310/201-0760 Email: smaizel@pszjlaw.com Attorneys for Thomas P. Jeremiassen, EFI Trustee

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UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA NORTHERN DIVISION In re: Case Nos.: 9:08-bk-11457-RR and 9:08-bk-11535-RR ESTATE FINANCIAL, INC., Chapter 11 Debtor. TRUSTEES JOINT CHAPTER 11 STATUS REPORT In re: ESTATE FINANCIAL MORTGAGE FUND, LLC, Debtor. Judge: Hearing: Date: Time: Location: July 17, 2009 10:00 a.m. US Bankruptcy Court 1415 State Street Courtroom 201 Santa Barbara, CA 93101 The Honorable Robin Riblet

TO THE HONORABLE ROBIN RIBLET, U. S. BANKRUPTCY JUDGE, THE OFFICE OF THE UNITED STATES TRUSTEE, EFMF EQUITY COMMITTEE, EFI CREDITORS COMMITTEE, AND PARTIES REQUESTING SPECIAL NOTICE IN THE EFI AND EFMF CASES: Thomas P. Jeremiassen (EFI Trustee) and Bradley D. Sharp (EFMF Trustee), the chapter 11 trustees (the Trustees) for the above-captioned bankruptcy estates of Estate Financial, Inc. (EFI) and Estate Financial Mortgage Fund, LLC (EFMF), respectively, with due authorization of the EFMF Trustee and his counsel, hereby file their Trustees Joint Chapter 11 Status Report (the Report).

1 2 3 4 5 6 7 8 9 10 2P A C H U L S K I S TANG Z I E H L & J O N E S LLP 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 A. Procedural Background 1.

I. BACKGROUND

On June 25, 2008 (the EFI Petition Date), creditors filed an involuntary chapter 11

petition against EFI. On July 1, 2008 (the EFMF Petition Date), EFMF filed its voluntary chapter 11 petition. At all times prior to the appointment of the EFMF Trustee, EFI was, pursuant to EFMFs operating agreement (the EFMF Agreement), the sole manager of EFMF. On July 11, 2008, EFI consented to the entry of an order for relief under chapter 11. On July 16, 2008, an order for relief was entered in the EFI case. On July 23, 2008, the Court, in both EFIs and EFMFs chapter 11 cases (the Cases), entered that certain Order Directing the Appointment of Chapter 11 Trustee Pursuant to 11 U.S.C. 1104(a)(2). On July 25, 2008, the Trustees were appointed by the Office of the United States Trustee (OUST) and they accepted their appointments on July 28 and 30, 2008. Thereafter, the Trustees have served as the duly qualified and acting chapter 11 trustees of their respective estates. 2. On September 4, 2008, the OUST appointed an official committee of investors/equity

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holders in the EFMF Case (the EFMF Committee). On October 20, 2008, the OUST appointed an official committee of unsecured creditors in the EFI Case (the EFI Committee). No other official committees have been appointed in either case. B. Property of the Estates At the beginning of these cases there were approximately 544 outstanding loans (the Loans), all of which were supposed to be secured by real estate (the Properties). The Loans were funded by over 1,000 individual, direct investors and by EFMF, which has approximately 1,700 member/investors. The 544 Loans had outstanding principal balances totaling approximately $318 million, of which approximately $151 million was funded by EFMF and the remainder (of roughly $167 million) was funded by other direct investors. As of the EFI Petition Date, the Trustees believe that EFMF held unrecorded fractionalized ownership and TIC interests in all or most of the 544 Loans or Properties, with EFI and other direct investors holding the balance of the

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fractionalized interests. Those interests of the non-EFMF investors are either properly recorded, recorded within the relevant preference period, improperly recorded or unrecorded. II. CASE STATUS A. The Current Status of the Estates Assets 1. As of the beginning of the Cases, for approximately 42 of the 544 Loans the

Properties securing such Loans had been foreclosed upon or deeded to EFI or the investors in such Loans in lieu of foreclosure. As of the date of this Report, all of the remaining Loans remain in default and the Trustees are working together to service those Loans and, as necessary, foreclose upon the Properties to obtain control thereof for the benefit of the two bankruptcy estates, their constituencies, and other investors in such Loans. Due to the Trustees efforts to date (i) 18 properties have been sold generating gross proceeds of approximately $10.1 million (See Exhibit A attached hereto), (ii) 12 properties are currently in escrow for gross sales prices aggregating approximately $5.9 million (See Exhibit B attached hereto) , (iii) 19 properties are currently listed for sale for an aggregate price of approximately $22.6 million (See Exhibit C attached hereto), and (iv) approximately 254 loans with aggregate balances exceeding $128.1 million are in various stages of foreclosure, and a Notice of Default is about to be served in connection with an additional 23 loans with an aggregate balance of $20.5 million (See Exhibit D attached hereto). 2. As detailed in Exhibit E hereto, the estates had $5,360,650.38 in cash as of July 7,

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2009, of which $3,729,641.90 had been reserved for various purposes (e.g., sales proceeds not yet distributed to investors, funds segregated for disputed liens). The estates thus had available funds as of July 7, 2009 of $1,631,008.48. 3. As detailed in Exhibit F hereto, as of July 7, 2009, the EFI Trustee had disbursed

approximately $2.37 million to investors on account of the sales described above. B. The Procedural Status of the Cases 1. In accordance with the Courts Procedures Order Re: (1) Real Property Sales And

Related Distributions And Payments, Including Brokerage Commissions; (2) Loan Payoffs And Reconveyances; (3) Related Compromises; (4) The Making Of Secured Advances; And (5) Loan

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Collection, Administration And Enforcement, Including Foreclosures, Forbearances And Deeds In Lieu, entered October 27, 2008 in the EFI case and October 28, 2008 in the EFMF case (the Procedures Order), the Trustees have continued to file and serve notices of proposed dispositions of various estate properties, along with ex parte applications for approval of such dispositions. Since the last Joint Status Report was filed on June 4, 2009, the Trustees have sent three notices regarding proposed sales, and two notices regarding proposed short pays. The Court has recently entered orders authorizing and approving the sale of properties in Olympic Valley and San Marcos. 2. In addition, pursuant to the Procedures Order, the EFI Trustee has sent out notices

regarding stipulations with Alvand Construction, Inc. and Mitch Brown Construction, Inc. and a settlement with T.M. Cobb Company. 3. Pursuant to the Procedures Order, the EFI Trustee also sent a notice regarding a

stipulation with Foley-Gannon, Inc. providing for relief from stay for the EFI Trustee to foreclose on the real property located at 150 Hinds Avenue, Pismo Beach, CA. Despite having negotiated and entering into the stipulation, Foley-Gannon objected to an order thereon. The matter is set for hearing on July 17, 2009. 4. The EFI Trustee has investigated and responded to a motion filed by James Kimball

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seeking relief from the automatic stay to terminate loan servicing agreements for loans in which he or his trusts were the sole investors. The matter is set for hearing on July 17, 2009. The Committees continue to be actively involved in these cases, and the Trustees continue to consult with the Committees, both on a regular, periodic basis and when issues of substance arise.

Dated: July 9, 2009 PACHULSKI STANG ZIEHL & JONES LLP By /s/ Jeffrey L. Kandel Robert B. Orgel Samuel R. Maizel Jeffrey L. Kandel Attorneys for the EFI Trustee

EXHIBIT A

Estate Financial, Inc. - Status Update as of 7/7/09.

Sold
Loan(s) B355-03 B569-04 B516-05 B469-05 B496-05 B472-04 B492-05 B491-05 B150-06 B151-06 B123-07 B184-05 & B639-05 B190-05 & B645-05 B410-05, B410A-05 B495-05 B571-05 & B776-03 B648-05 B253-04 Address 107 Bates View Court Lot 14, Twin Oaks Estates 412 Montebello Oaks Drive Lot 17, Tract 2571 9190 Harvest Lot 33 5332 West Donner, Lot 11 4395 N. Ellendale, Lot 38 8911 Curbaril, Unit 4 5484 W. Indianapolis Lot 34, Tract 5368 5476 W. Indianapolis Lot 33 Tract 5368 2920 Bayview Drive Lot 2, Tract 2434 2925 Bayview Drive Lot 3, Tract 2434 5997 N. Bonta Ave. Lot 1 22205 Ryan Ridge Way Lot 1033 Tract 1000 (lot 7) 5915 Cornell Street 4387 N. Ellendale Lot 37 15 Violet Lane 220 S. Second St. 130 Creek View Court, Lot 3 City San Marcos Paso Robles Atascadero Fresno Fresno Atascadero Fresno Fresno Pismo Beach Pismo Beach Fresno Woodland Hills Woodland Hills Hemet Fresno Goleta Shandon Squaw Creek Development Bates View Montebello Oaks Harvest GHP Fresno GHP Fresno Curbaril GHP Fresno GHP Fresno Bayview Bayview Bonta Farralone Estates Farralone Estates San Bernardino GHP Fresno Goleta Homes Shandon Squaw Creek $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Sale Price 520,000.00 439,500.00 949,000.00 200,000.00 180,000.00 250,000.00 195,000.00 199,000.00 1,178,000.00 1,300,000.00 365,000.00 1,015,000.00 250,000.00 1,800,000.00 188,000.00 535,000.00 150,000.00 405,000.00 Sales Date 8/13/08 9/30/08 12/5/08 2/6/09 2/19/09 2/27/09 3/11/09 3/17/09 3/27/09 3/31/09 4/29/09 5/4/09 5/4/09 5/22/09 6/2/09 6/4/09 6/12/09 6/16/09

Total Number of Loans Total Dollar Amount

22 10,118,500.00

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EXHIBIT B

Estate Financial, Inc. - Status Update as of 7/7/09.

In Escrow
Loan(s) B399-05 B574-05 B258-04 B109-04 B647-05 B647A-05 B158-07 B650-05 B124-07 B101-06 & B777-03 B482-05 B102-06 B311-04 Address Lot 31, Tract 5215 29650 E. Norton 493 Creek End Court , Lot 9 833 Legacy Drive 230 S. Second St. 5953 N. Bonta Ave, Lot 3 Lots 4-14 Bonta Ave 5975 N. Bonta Ave, Lot 2 11 Violet Lane 5335 West Donner, Lot 24 17 Violet Lane 3542 Jasmine Crest City Fresno Escalon Squaw Creek San Marcos Shandon Fresno Fresno Fresno Goleta Fresno Goleta Olivenhain County Fresno San Joaquin Placer San Diego San Luis Obispo Fresno Fresno Fresno Santa Barbara Fresno Santa Barbara San Diego Development Spradling Escalon Squaw Creek Bates View Shandon Bonta Avenue Bonta Avenue Bonta Avenue Goleta Homes GHP Fresno Goleta Homes Wildflower Listing Price Offer Date $40,000 1/1/09 3/30/09 $589,000 4/2/09 $450,000 $99,000 4/23/09 5/4/09 $175,000 $125,000 5/7/09 $550,000 5/7/09 $375,000 5/8/09 $525,000 5/18/09 $214,900 6/5/09 6/17/09 $535,000 $2,199,500 6/30/09

Total Number of Loans Total Dollar Amount

14 $5,877,400

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EXHIBIT C

Estate Financial, Inc. - Status Update as of 7/7/09.

For Sale
Note: Agents are not able to answer investors' questions
Loan(s) B352-05 thru B366-05 (15 Loans) B154-02 B200-02 B201-02 B778-03 B570-05 B530-05, B530A-05, B530B-05 B531-05, B531A-05 B532-05, B532A-05 B533-05, B533A-05, B533B-05 B458-04 & B458A-04 B573-05 B278-05 thru B294-05, B530-04 (19 Loans) B510-05 B265-04 B501-04 B191-06 B192-06 B502-05 Total Number of Loans Total Dollar Amount
- Recently Reduced Asking Price

Address Templeton Hills Road (Lots 1-15) 3 Violet Lane 7 Baker Lane 3 Baker Lane 8 Violet Lane 1 lot California City (3 Lots Total) 589 Morro Avenue 591 Morro Avenue 593 Morro Avenue 595 Morro Avenue 77610 Ranchita Canyon Road 5555 Reindeer Place Lots 1-18, Gainsborough and Valley Center Ave 7 Florence Court 142 Rock Garden Court, Lot 20 Cook Street, Lots 1-50, Tract 16504 762/764 Spencer Street 750 Spencer Street 285 Lots of Tract 2162 58 $22,566,500

City Templeton Goleta Goleta Goleta Goleta California City Morro Bay Morro Bay Morro Bay Morro Bay San Miguel Paso Robles San Dimas Sanger Squaw Creek Victorville Monterey Monterey Paso Robles

County San Luis Obispo Santa Barbara Santa Barbara Santa Barbara Santa Barbara Kern San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Los Angeles Fresno Placer San Bernardino Monterey Monterey San Luis Obispo

Development Listing Agent Listing Price 15-Lots Templeton Joshua Miller $2,100,000 Goleta Homes Harriet Dahlstrom $250,000 Goleta Homes Lenora Bradley $275,000 Goleta Homes Lenora Bradley $250,000 Goleta Homes Lenora Bradley $275,000 Mojave Jo Ann Unger $15,000 Morro Avenue Home Gordon & Diane Hansen $899,000 $789,000 Morro Avenue Home Gordon & Diane Hansen $1,045,000 Morro Avenue Home Gordon & Diane Hansen $774,000 Morro Avenue Home Gordon & Diane Hansen Ranchita Canyon Adam Alverez $435,000 Reindeer Place Lisa Lewis $329,000 San Dimas Sanger Squaw Creek Victorville Monterey Monterey Oakshores Tom Bluemel Pat Kelley Anita Noble Jean Mustaikis Becky Jones Hap Albers Ed Steinbeck

$4,995,000 $197,000 $349,500 $665,000 $625,000 $1,399,000 $6,900,000

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EXHIBIT D

Estate Financial, Inc. - Status Update as of 7/7/09.

In Foreclosure
Note: 23 loans not listed on the current schedule are currently in the beginning stages of the foreclosure process and a Notice of Default is expected in the next few weeks. The total dollar amoun of these loans is $20,509,893
Loan B101-07 B184-04 B185-04 B186-04 B187-04 B188-04 B189-04 B190-04 B191-04 B192-04 B193-04 B194-04 B195-04 B196-04 B197-04 B198-04 B199-04 B200-04 B201-04 B202-04 B203-04 B301-06 B677A-04 B681A-04 B692A-04 B581-04 B209-06 B211-06 B219-06 B220-06 B221-06 B556-04 B559-04 B561-04 B140-06 B141-06 B142-06 B143-06 B144-06 B145-06 B146-06 B147-06 B128-05 B130-05 B132-05 B133-05 B134-05 B135-05 B136-05 B137-05 Address 144 Cayucos Drive 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 4 Parcels, Highwater Estates 7 Violet Lane, Lot 9 5439 Regio Place, Lot 7, Tract 2577 5423 Regio Place, Lot 11, Tract 2577 5424 Regio Place, Lot 22, Tract 2577 421 Montebello Oaks Drive Lot 29, Tract 2571 1812 W. Springcrest Lot 9, Tract 801 1838 W. Springcrest Lot 11, Tract 801 1310 Edgewood Drive Lot 19, Tract 801 1320 Edgewppd Drive Lot 20, Tract 801 1330 Edgewood Drive, Lot 21, Tract 801 407 Montebello Oaks Drive Lot 4, Tract 2571 400 Montebello Oaks Road Lot 7, Tract 2571 404 Montebello Oaks Drive Lot 9, Tract 2571 Lot 1, Tentative Tract 5440 Lot 2, Tentative Tract 5440 Lot 3, Tentative Tract 5440 Lot 4, Tentative Tract 5440 Lot 5, Tentative Tract 5440 Lot 6, Tentative Tract 5440 Lot 7, Tentative Tract 5440 Lot 8, Tentative Tract 5440 1854 Whittley Ave. Tract 426 1858 Whittley Ave. Lot 17, Tract 426 1974 Whittley Ave. Lot 19, Tract 426 1976 Whittley Ave. Lot 20, Tract 426 1978 Whittley Ave. Lot 21, Tract 426 1941 Preston Way Lot 22, Tract 426 1943 Preston Way Lot 23, Tract 426 1961 Preston Way Lot 24, Tract 426 City Cayucos Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Granada Hills Goleta Atascadero Atascadero Atascadero Paso Robles Hanford Hanford Hanford Hanford Hanford Paso Robles Paso Robles Paso Robles Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Corcoran Corcoran Corcoran Corcoran Corcoran Corcoran Corcoran Corcoran County San Luis Obispo Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Siskiyou Santa Barbara San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Kings Kings Kings Kings Kings San Luis Obispo San Luis Obispo San Luis Obispo Ventura Ventura Ventura Ventura Ventura Ventura Ventura Ventura Kings Kings Kings Kings Kings Kings Kings Kings Development Cayucos Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Highwater Estates Goleta Homes Regio Place Regio Place Regio Place Montebello Oaks Madison Chase Madison Chase Madison Chase Madison Chase Madison Chase Montebello Oaks Montebello Oaks Montebello Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Thousand Oaks Claire Manor Claire Manor Claire Manor Claire Manor Claire Manor Claire Manor Claire Manor Claire Manor Principle Balance 138,434 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 824,688 1,320,000 50,000 50,000 50,000 367,500 207,700 145,401 193,400 207,606 179,900 297,500 297,500 314,300 638,355 706,825 676,874 350,125 632,949 603,795 666,571 981,647 140,303 140,303 140,303 140,303 120,608 120,608 120,608 120,608 Borrower Name John Esposito Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC Highwater Granada Hills, LLC First Press Partners, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners, LLC Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Doya Partners, LLC Doya Partners, LLC Doya Partners, LLC Stephen Ching Stephen Ching Stephen Ching Stephen Ching Stephen Ching Stephen Ching Stephen Ching Stephen Ching Claire Manor, LLC Claire Manor, LLC Claire Manor, LLC Claire Manor, LLC Claire Manor, LLC Claire Manor, LLC Claire Manor, LLC Claire Manor, LLC Foreclosure Company First American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American First American First American First American First American First American First American First American First American First American First American First American First American First American All American All American All American All American All American All American All American All American First American First American First American First American First American First American First American First American NOD/NTS Recorded 3/16/09 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/13/08 3/3/08 3/13/08 2/29/08 3/16/09 3/16/09 3/16/09 3/16/09 3/16/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 7/2/08 7/2/08 7/2/08 7/2/08 7/2/08 7/2/08 7/2/08 7/2/08 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 3/20/09 Scheduled Sale Date 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/7/09 7/9/09 7/13/09 7/13/09 7/13/09 7/13/09 7/13/09 7/13/09 7/13/09 7/13/09 7/14/09 7/14/09 7/14/09 7/14/09 7/14/09 7/14/09 7/14/09 7/14/09 7/15/09 7/15/09 7/15/09 7/15/09 7/15/09 7/15/09 7/15/09 7/15/09

Estate Financial, Inc. - Status Update as of 7/7/09.

In Foreclosure
Note: 23 loans not listed on the current schedule are currently in the beginning stages of the foreclosure process and a Notice of Default is expected in the next few weeks. The total dollar amoun of these loans is $20,509,893
Loan B138-05 B139-05 B206-06 B212-06 B213-06 B214-06 B225-06 B227-06 B228-06 B304-06 B557-04 B558-04 B560-04 B563-04 B570-04 B575-04 B582-04 B583-04 B670-04 B672-04 B676A-04 B680A-04 B683A-04 B684A-04 B687A-04 B691A-04 B693A-04 B694A-04 B696A-04 B125-05 B129-05 B131-05 B111-06 B112-06 B113-06 B114-06 B115-06 B116-06 B117-06 B118-06 B119-06 B695A-04 B110-04 B111-04 B112-04 B113-04 B114-04 B115-04 B116-04 B117-04 Address 1945 Preston Way Lot 25, Tract 426 1963 Preston Way Lot 26, Tract 426 1780 W. Springcrest Lot 6, Tract 801 1850 W. Springcrest Lot 12, Tract 801 1864 W. Springcrest Lot 13, Tract 801 1874 W. Springcrest Lot 14, Tract 801 1887 W. Springcrest Lot 25 Tract 801 1863 W. Springcrest Lot 27 Tract 801 1849 Springcrest Lot 28, Tract 801 72 S. Ocean Avenue 409 Montebello Oaks Drive Lot 5, Tract 2571 411 Montebello Oaks Drive Lot 6, Tract 2571 402 Montebello Oaks Drive Lot 8, Tract 2571 408 Montebello Oaks Drive Lot 11, Tract 2571 414 Montebello Oaks Drive Lot 18, Tract 2571 432 Montebello Oaks Drive Lot 23, Tract 2571 1751 Arciero Way Lot 30, Tract 2571 1753 Arciero Way Lot 31, Tract 2571 5460 Regio Place Lot 31, Tract 2577 5459 Regio Place, Lot 2, Tract 2577 5443 Regio Place, Lot 6, Tract 2577 5427 Regio Place, Lot 10, Tract 2577 5415 Regio Place, Lot 13, Tract 2577 1320 Copado Way, Lot 14, Tract 2577 1305 Copado Way, Lot 17, Tract 2577 5420 Regio Place, Lot 21, Tract 2577 5428 Regio Place, Lot 23, Tract 2577 5432 Regio Place, Lot 24, Tract 2577 5438 Regio Place Lot 26, Tract 2577 1852 Whittley Ave. Lot 14, Tract 426 1856 Whittley Ave. Lot 16, Tract 426 1972 Whittley Ave. Lot 18, Tract 426 3309 Rockview Place, Lot 1, Tract 2502 3317 Rockview Place, Lot 2, Tract 2502 3324 Rockview Place, Lot 3, Tract 2502 3322 Rockview Place, Lot 4, Tract 2502 3338 Rockview Place, Lot 5, Tract 2502 3344 Rockview Place, Lot 6, Tract 2502 3352 Rockview Place, Lot 7, Tract 2502 3360 Rockview Place, Lot 8, Tract 2502 3366 Rockview Place, Lot 9, Tract 2502 5436 Regio Place Lot 25, Tract 2577 Lot 1 of 17 lots - Viejo Camino Rd. Lot 2 of 17 lots - Viejo Camino Rd. Lot 3 of 17 lots - Viejo Camino Rd. Lot 4 of 17 lots - Viejo Camino Rd. Lot 5 of 17 lots, Carmel Road Lot 6 of 17 lots - Carmel Road Lot 7 of 17 lots - Carmel Road Lot 8 of 17 lots - Carmel Road City Corcoran Corcoran Hanford Hanford Hanford Hanford Hanford Hanford Hanford Cayucos Paso Robles Paso Robles Paso Robles Paso Robles Paso Robles Paso Robles Paso Robles Paso Robles Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Corcoran Corcoran Corcoran San Miguel San Miguel San Miguel San Miguel San Miguel San Miguel San Miguel San Miguel San Miguel Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero County Kings Kings Kings Kings Kings Kings Kings Kings Kings San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Kings Kings Kings San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Development Claire Manor Claire Manor Madison Chase Madison Chase Madison Chase Madison Chase Madison Chase Madison Chase Madison Chase Coffee Shop Montebello Oaks Montebello Oaks Montebello Oaks Montebello Oaks Montebello Oaks Montebello Oaks Montebello Oaks Montebello Oaks Regio Place Regio Place Regio Place Regio Place Regio Place Regio Place Regio Place Regio Place Regio Place Regio Place Regio Place Claire Manor Claire Manor Claire Manor Rockview Place Rockview Place Rockview Place Rockview Place Rockview Place Rockview Place Rockview Place Rockview Place Rockview Place Regio Place Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Principle Balance 120,608 120,608 207,700 191,900 142,808 127,368 150,500 183,702 192,667 1,832,034 297,500 297,500 314,300 314,300 329,000 367,500 367,500 367,500 236,250 236,250 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 140,273 140,303 140,303 84,900 110,968 234,987 185,429 229,000 117,900 118,100 90,000 150,000 50,000 424,000 424,000 424,000 424,000 424,000 424,000 424,000 424,000 Borrower Name Claire Manor, LLC Claire Manor, LLC Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Madison Chase Homes, LLC. Signature Homes, LLC. Doya Partners, LLC Doya Partners, LLC Doya Partners, LLC Doya Partners, LLC Doya Partners, LLC Doya Partners, LLC Doya Partners, LLC Doya Partners, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Doya Partners II, LLC Claire Manor, LLC Claire Manor, LLC Claire Manor, LLC Rockview Close, LLC Rockview Close, LLC Rockview Close, LLC Rockview Close, LLC Rockview Close, LLC Rockview Close, LLC Rockview Close, LLC Rockview Close, LLC Rockview Close, LLC Doya Partners II, LLC Doya Partners II, LLC D. A. Fetyko, Inc. D. A. Fetyko, Inc. D. A. Fetyko, Inc. D. A. Fetyko, Inc. D. A. Fetyko, Inc. D. A. Fetyko, Inc. D. A. Fetyko, Inc. Foreclosure Company First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American First American All American All American All American All American All American All American All American All American All American First American All American All American All American All American All American All American All American All American NOD/NTS Recorded 3/20/09 3/20/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/26/09 3/31/09 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 4/7/09 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 Scheduled Sale Date 7/15/09 7/15/09 7/17/09 7/17/09 7/17/09 7/17/09 7/17/09 7/17/09 7/17/09 7/17/09 7/20/09 7/20/09 7/20/09 7/20/09 7/20/09 7/20/09 7/20/09 7/20/09 7/21/09 7/21/09 7/21/09 7/21/09 7/21/09 7/21/09 7/21/09 7/21/09 7/21/09 7/21/09 7/21/09 7/22/09 7/22/09 7/22/09 7/24/09 7/24/09 7/24/09 7/24/09 7/24/09 7/24/09 7/24/09 7/24/09 7/24/09 7/28/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09

Estate Financial, Inc. - Status Update as of 7/7/09.

In Foreclosure
Note: 23 loans not listed on the current schedule are currently in the beginning stages of the foreclosure process and a Notice of Default is expected in the next few weeks. The total dollar amoun of these loans is $20,509,893
Loan B118-04 B119-04 B120-04 B121-04 B122-04 B123-04 B124-04 B125-04 B126-04 B543-05 B122-07 B305-06 B518-05 B196-06 B208-06 B412-05 B417-05 B100-04 B101-04 B105-06 B106-06 B108-06 B109-06 B110-06 B121-07 B141-05 B142-05 B143-05 B144-05 B145-05 B146-05 B147-05 B148-05 B149-05 B150-05 B151-05 B152-05 B153-05 B154-05 B154-06 B155-05 B156-05 B157-05 B158-05 B159-05 B160-05 B161-05 B162-05 B163-05 B164-05 Address Lot 9 of 17 lots - Carmel Road Lot 10 of 17 lots - Carmel Road Lot 11 of 17 lots - Carmel Road Lot 12 of 17 lots - Carmel Road Lots 13 of 17 lots - Carmel Road Lot 14 of 17 lots - Carmel Road Lot 15 of 17 lots - Carmel Road Lot 16 of 17 lots - Carmel Road Lot 17 of 17 lots - Carmel Road 1140 Islay, Lots 17 and 18 NE corner of Market Ave. and Morro Bay Blvd. 1730 Willow Rd. 150 Hinds Avenue 20645 Woodford Rd. 1800 W. Springcrest Lot 8, Tract 801 2886 Casty Court, Lot 25 2677 Casty Court, Lot 48 1298 Abraham Court 1296 Abraham Court 173, 171, 169, 167, 165 Stimson Avenue 64-949 Mission Lakes Blvd. Lot 4 of Tract No. 31540 198 San Luis Street, Unit A 198 San Luis Street, Unit C 198 San Luis Street, Unit B Nutmeg Avenue Lot 3 in block 29 of Morro Del Mar 2 5457 Atalya Lot 1 5461 Atalya - Lot 2 5453 Atalya Lot 3 5447 Atalya Lot 4 5441 Atalya Lot 5 5435 Atalya Lot 6 5427 Atalya Lot 7 5423 Atalya Lot 8 5421 Atalya Lot 9 5419 Atalya Lot 10 1281 Copado Lot 11 1275 Copado Lot 12 1271 Copado Lot 13 1265 Copado Lot 14 Lots 1 thru 63, 42032 Road 72 5416 Atalya Lot 15 5420 Atalya Lot 16 5424 Atalya Lot 17 5428 Atalya Lot 18 5432 Atalya Lot 19 5436 Atalya Lot 20 5444 Atalya Lot 21 5448 Atalya Lot 22 5454 Atalya Lot 23 5456 Atalya Lot 24 City Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero San Luis Obispo Morro Bay Arroyo Grande Pismo Beach Tehachapi Hanford Sanger Sanger Mountain View Mountain View Pismo Beach Desert Hot Springs Avila Beach Avila Beach Avila Beach Morro Bay Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Dinuba Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero Atascadero County San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Kern Kings Fresno Fresno Santa Clara Santa Clara San Luis Obispo Riverside San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Tulare San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Development Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Carmel Road Islay 6 Morro Lots Willow Road Hinds Avenue Mugford Tehachapi Madison Chase Bethel Estates Bethel Estates Mountain View Mountain View Stimson Avenue Mission Lakes Shopping Center Avila Beach Avila Beach Avila Beach Nutmeg Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Charnley Land- Dinuba Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Atascadero Colony Principle Balance 424,000 424,000 424,000 424,000 424,000 424,000 424,000 424,000 424,000 2,101,719 1,380,000 2,468,710 8,960,000 442,989 191,865 123,972 155,347 719,000 984,356 3,075,923 7,439,199 714,500 711,500 696,640 745,000 99,476 99,476 305,982 311,250 311,250 311,250 265,390 297,427 311,250 311,250 309,600 256,991 335,987 272,925 3,013,141 335,881 257,829 336,750 276,987 261,355 336,750 336,750 336,750 334,505 241,644 Foreclosure Borrower Name Company D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American Islay 6, LLC All American Viana Development, LLC Pacific Oak Oakview Development All American Hinds Avenue Partn, LLC. All American Michael Mugford All American Madison Chase Homes, LLC. First American Bethel Estates First American Bethel Estates First American First Press Partners First American First Press Partners First American Hinds Avenue Partn, LLC., a CaliFirst American The Village at Mission Lakes, LLAll American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American Viana Development, LLC Pacific Oak D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American Charnley Land, Inc., a California First American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American D. A. Fetyko, Inc. All American NOD/NTS Recorded 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 6/10/08 7/9/08 7/11/08 5/7/08 6/11/08 4/14/09 4/13/09 4/13/09 4/20/09 6/9/09 6/26/09 1/25/08 6/30/08 6/30/08 2/1/06 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/2/09 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 7/9/08 Scheduled Sale Date 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/29/09 7/30/09 7/31/09 7/31/09 8/4/09 8/4/09 8/5/09 8/5/09 8/11/09

Estate Financial, Inc. - Status Update as of 7/7/09.

In Foreclosure
Note: 23 loans not listed on the current schedule are currently in the beginning stages of the foreclosure process and a Notice of Default is expected in the next few weeks. The total dollar amoun of these loans is $20,509,893
Loan B190-06 B218-06 B231-06 B405-05 B411-05 B420-05 B421-05 B422-05 B423-05 B424-05 B425-05 B426-05 B427-05 B428-05 B429-05 B430-05 B431-05 B432-05 B433-05 B435-05 B436-05 B438-05 B439-05 B440-05 B441-05 B442-05 B443-05 B444-05 B445-05 B446-05 B447-05 B448-05 B449-05 B450-05 B451-05 B452-05 B453-05 B454-05 B455-05 B456-05 B457-05 B485-04 B497-05 B499-05 B519-05 B520-05 B521-05 B522-05 B523-05 B524-05 Address City Atascadero 5464 Regio Place, Historical House Lot 32 Hanford 1296 Edgewood Drive Lot 18, Tract 801 Hanford 1811 W. Springcrest Lot 31, Tract 801 West End Of Vista Del Rio, Portions of Lots 29 & 30, RNipomo San Miguel 1176 N Street Cathedral City 29-510 Santa Rosa Street Lot 01, Tract No. 25804 Cathedral City 29-550 Santa Rosa Street Lot 02, Tract No. 25804 Cathedral City 29-590 Santa Rosa Street Lot 03, Tract No. 25804 Cathedral City 29-620 Santa Rosa Street Lot 04, Tract No. 25804 Cathedral City 29-650 Santa Rosa Street Lot 05, Tract No. 25804 Cathedral City 29-690 Santa Rosa Street Lot 06, Tract No. 25804 Cathedral City 29-700 Santa Rosa Street Lot 07, Tract No. 25804 Cathedral City 29-740 Santa Rosa Street Lot 08, Tract No. 25804 Cathedral City 29-790 Santa Rosa Street Lot 09, Tract No. 25804 Cathedral City 69-593 Manzanita Court Lot 10, Tract No. 25804 Cathedral City 69-575 Manzanita Court Lot 11, Tract No. 25804 Cathedral City 69-539 Manzaniata Court, Lot 12, Tract No. 25804 Cathedral City 69-517 Manzanita Court Lot 13, Tract No. 25804 Cathedral City 69-511 Manzanita Court Lot 14, Tract No. 25804 Cathedral City 69-508 Manzanita Court Lot 16, Tract No. 25804 Cathedral City 69-520 Manzanita Court Lot 17, Tract No. 25804 Cathedral City 69-574 Santa Rosa Street Lot 19, Tract No. 25804 Cathedral City 29-699 Santa Rosa Street Lot 20, Tract No. 25804 Cathedral City 29-675 Santa Rosa Street Lot 21 Tract No. 25804 Cathedral City 26-635 Santa Rosa Street Lot 22, Tract No. 25804 Cathedral City 69-573 Anza Court Lot 23, Tract No. 25804 Cathedral City 69-537 Anza Court Lot 24, Tract No. 25804 Cathedral City 69-515 Anza Court Lot 25, Tract No. 25804 Cathedral City 69-501 Anza Court Lot 26, Tract No. 25804 Cathedral City 69-500 Anza Court Lot 27, Tract No. 25804 Cathedral City 69-506 Anza Court Lot 28, Tract No. 25804 Cathedral City 69-518 Anza Court Lot 29, Tract No. 25804 Cathedral City 69-538 Anza Court Lot 30, Tract No. 25804 Cathedral City 69-578 Anza Court Lot 31, Tract No. 25804 Cathedral City 69-596 Anza Court Lot 32, Tract No. 25804 Cathedral City 69-599 Tortuga Road Lot 33, Tract No. 25804 Cathedral City 69-577 Tortuga Road Lot 34, Tract No. 25804 Cathedral City 69-561 Tortuga Road Lot 35, Tract No. 25804 Cathedral City 69-539 Tortuga Road Lot 36, Tract No. 25804 Cathedral City 69-517 Tortuga Road Lot 37, Tract No. 25804 Cathedral City 69-505 Tortuga Road Lot 38, Tract No. 25804 Sanger Tract 5201 and 5209 Paso Robles 2495 Sand Harbor Ct. Lot 70 Paso Robles 2475 Sand Harbor Ct. Lot 73 Paso Robles Lot13- 4645 Creekside, Lot14-4635 Creekside ,Lot15- 4 Paso Robles Lot17- 4597 Creekside, Lot18- 4583 Creekside,Lot19- 4 Paso Robles Lot21- 4610 Creekside,Lot22- 4620 Creekside, Lot23- 4 Lots 25- 4660 Creekside,Lot26- 4670 Creekside ,Lot27 Paso Robles San Miguel Lots 11 & 21 of Tract 4 Lot37- 3391Riparian, Lot38- 3381 Riparian ,Lot39- 33 Paso Robles County San Luis Obispo Kings Kings San Luis Obispo San Luis Obispo Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Riverside Fresno San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Development Regio Place Madison Chase Madison Chase Carole Deane N. Street San Miguel Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Cathedral City Sanger Winslow Winslow Creekside Lane Creekside Lane Creekside Lane Creekside Lane Creekside Lane Creekside Lane Principle Balance 355,980 191,900 187,260 6,512,774 443,751 334,965 336,000 336,000 336,000 336,000 336,000 336,000 335,991 360,000 359,377 360,000 360,000 356,919 359,259 357,743 360,000 359,826 360,000 360,000 360,000 379,882 379,834 380,000 379,725 375,406 372,094 365,087 372,256 347,812 383,076 379,000 347,594 379,912 380,000 342,500 321,000 140,079 256,208 242,500 825,308 833,577 697,918 690,036 512,430 1,111,436 Borrower Name Doya Partners II, LLC Madison Chase Homes, LLC. Madison Chase Homes, LLC. Carole Deane, LLC D. A. Fetyko, Inc. DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC DAMARTIN, INC Sanger Land Holdings, LLC Peter J. Winslow Peter J. Winslow John E. King John E. King John E. King John E. King John E. King John E. King Foreclosure Company First American First American First American First American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American All American First American First American First American First American First American First American First American First American NOD/NTS Scheduled Sale Recorded Date 5/29/09 5/29/09 5/29/09 6/17/09 7/9/08 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 9/25/08 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 5/21/09 6/26/09 5/21/09 5/21/09 5/21/09 1/31/08 7/2/09 7/2/09 4/24/09 4/24/09 4/24/09 4/24/09 7/2/09 4/24/09

Estate Financial, Inc. - Status Update as of 7/7/09.

In Foreclosure
Note: 23 loans not listed on the current schedule are currently in the beginning stages of the foreclosure process and a Notice of Default is expected in the next few weeks. The total dollar amoun of these loans is $20,509,893
Loan B525-05 B534-05 B536-05 B562-04 B577-05 B579-05 B580-05 B581-05 B583-05 B586-05 B588-05 B589-05 B590-05 B591-05 B592-05 B593-05 B594-05 B595-05 B596-05 B604-05 B605-05 B606-05 B607-05 B608-05 B609-05 B610-05 B611-05 B612-05 B613-05 B614-05 B615-05 B616-05 B617-05 B618-05 B619-05 B620-05 B621-05 B622-05 B623-05 B624-05 B625-05 B626-05 B627-05 B628-05 B629-05 B630-05 B631-05 B632-05 B633-05 B634-05 Address City Lot 41- 3351 Riparian,Lot 42- 3341 Riparian ,Lot43- 3 Paso Robles Paso Robles Buena Vista Rd. and Experimental Station Rd. Newman 40 Lots, Monte Vista Estates, Newman, CA Paso Robles 406 Montebello Oaks Drive Lot 10, Tract 2571 Hanford 774 S. Del Rio Court, Lot 2 Tract 829 Hanford 744 S. Del Rio Court, Lot 4 Tract 829 Hanford 728 S. Del Rio Court, Lot 5 Tract 829 Hanford 712 S. Del Rio Court, Lot 6 Tract 829 Hanford 727 S. Del Rio Court, Lot 8 Tract 829 Hanford 773 S. Del Rio Court Lot 11 Tract 829 Kimball Lane and Washington St. Lot 13, Tract # 829 Hanford Kimball Lane and Washington St. Lot 14, Tract # 829 Hanford Kimball Lane and Washington St. Lot 15, Tract # 829 Hanford Hanford Kimball Lane and Washington St. Lot 16, Tract 829 Kimball Lane and Washington St. Lot 17, Tract # 829 Hanford Kimball Lane and Washington St. Lot 18, Tract # 829 Hanford Kimball Lane and Washington St. Lot 19, Tract # 829 Hanford Hanford Kimball Lane and Washington St. Lot 20, Tract 829 Hanford Kimball Lane and Washington St. Lot 21, Tract 829 San Miguel Lot 1, Tract 2779, 12th Street San Miguel Lot 2, Tract 2779, 12th Street San Miguel Lot 3, Tract 2779, 12th Street San Miguel Lot 4, Tract 2779, 12th Street San Miguel Lot 4, Tract 2779, 12th Street San Miguel Lot 6, Tract 2779, 12th Street San Miguel Lot 7, Tract 2779, 12th Street San Miguel Lot 8, Tract 2779, 12th Street San Miguel Lot 9, Tract 2779, 12th Street San Miguel Lot 10, Tract 2779, 12th Street San Miguel Lot 11, Tract 2779, 12th Street San Miguel Lot 12, Tract 2779, 12th Street San Miguel Lot 13, Tract 2779, 12th Street San Miguel Lot 14, Tract 2779, 12th Street San Miguel Lot 15, Tract 2779, 12th Street San Miguel Lot 16 Tract 2779, 12th Street San Miguel Lot 17, Tract 2779, 12th Street San Miguel Lot 18, Tract 2779, 12th Street San Miguel Lot 19, Tract 2779, 12th Street San Miguel Lot 20, Tract 2779, 12th Street San Miguel Lot 21, Tract 2779, 12th Street San Miguel Lot 22, Tract 2779, 12th Street San Miguel Lot 23, Tract 2779, 12th Street San Miguel Lot 24, Tract 2779, 12th Street San Miguel Lot 25, Tract 2779, 12th Street San Miguel Lot 26, Tract 2779, 12th Street San Miguel Lot 27, Tract 2779, 12th Street San Miguel Lot 28, Tract 2779, 12th Street San Miguel Lot 29, Tract 2779, 12th Street San Miguel Lot 34, Tract 2779, 12th Street San Miguel Lot 35, Tract 2779, 12th Street County San Luis Obispo San Luis Obispo Stanislaus San Luis Obispo Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings Kings San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Development Creekside Lane Buena Vista Place Monte Vista Estates Montebello Oaks Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista Pierce Monte Vista 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel 12th Street- San Miguel Principle Balance 1,006,936 4,725,575 3,028,400 314,300 192,500 192,500 192,500 192,500 192,500 192,500 261,327 360,581 425,149 280,000 307,843 338,885 422,088 345,128 246,694 178,000 180,140 202,000 258,343 259,500 236,000 153,500 115,000 109,785 210,000 196,000 102,500 125,000 201,900 228,000 78,700 82,759 84,900 110,968 234,987 185,429 229,000 117,900 118,100 90,000 150,000 215,044 127,500 74,700 273,750 149,446 Foreclosure Borrower Name Company John E. King First American Buena Vista Place, LLC., a CalifoFirst American Del Valle Capital Corporation, In First American Doya Partners, LLC First American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Pierce Monte Vista, LLC All American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American Second Press Partners, LLC. First American NOD/NTS Scheduled Sale Recorded Date 5/20/09 6/26/09 7/2/09 4/24/09 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 5/19/08 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09 6/17/09

Estate Financial, Inc. - Status Update as of 7/7/09.

In Foreclosure
Note: 23 loans not listed on the current schedule are currently in the beginning stages of the foreclosure process and a Notice of Default is expected in the next few weeks. The total dollar amoun of these loans is $20,509,893
Loan B635-05 B636-05 B682-04 B689A-04 Address Lot 32, Tract 2779, 12th Street Lot 33, Tract 2779, 12th Street 5419 Regio Place, Lot 12, Tract 2577 1290 Copado Way, Lot 19, Tract 2577 City San Miguel San Miguel Atascadero Atascadero County San Luis Obispo San Luis Obispo San Luis Obispo San Luis Obispo Development 12th Street- San Miguel 12th Street- San Miguel Regio Place Regio Place Principle Balance 87,900 169,000 371,651 50,000 Borrower Name Second Press Partners, LLC. Second Press Partners, LLC. Doya Partners II, LLC Doya Partners II, LLC Foreclosure Company First American First American First American First American NOD/NTS Scheduled Sale Recorded Date 6/17/09 6/17/09 6/26/09 5/29/09

Total Number of Loans Total Dollar Amount

254 $128,101,720

EXHIBIT E

Estate Financial, Inc.

Cash Summary as of July 7, 2009

Cash on Hand Less Reserved Funds: Loan servicing "trust" account Construction "trust" account Post-petition receipts (rent, interest, etc.) Sale & loan payoff proceeds (undistributed) Segregated funds for disputed liens Segregated sale proceeds for individual investors Total Reserved Funds EFI/EFMF Available Funds 278,359.18 747,404.31 424,752.39 1,653,895.34 280,496.26 344,734.42

$5,360,650.38

$3,729,641.90 $1,631,008.48

EXHIBIT F

Estate Financial, Inc.

Cash Summary as of June 7, 2009
Receipts: Turnover of debtor funds Gross sales proceeds of REO's Loan payoff proceeds Borrower interest payments Rental income Interest from accumulated cash Miscellaneous Insurance claim proceeds EFMF loan Total Receipts Disbursements: Closing costs and disbursements from REO sales Distributions to investors Professional fees and costs Property management expenses Real estate consultants' fees and costs Insurance on REO and properties securing loans Foreclosure fees Payroll, payroll taxes and fees Omni fees and costs Bond premiums U.S. Trustee fees Taxes EFI Committee E&O insurance premiums Miscellaneous Total Disbursements Cash on Hand Less Reserved Funds Available EFI/EFMF Funds $732,967.85 2,367,509.72 1,079,117.11 344,347.83 502,799.98 168,805.50 11,863.06 35,408.84 593,892.53 18,252.00 8,450.00 4,790.00 14,893.45 39,962.93 $5,923,060.80 $5,360,650.38 ($3,729,641.90) $1,631,008.48 $1,091,630.08 7,529,200.00 2,213,694.99 26,467.91 212,015.58 19,099.51 15,895.73 171,207.38 4,500.00 $11,283,711.18

(1) (1) (1)

(1) These expenses are allocated to the applicable properties and will be recouped upon the disposition of the properties.

In re: ESTATE FINANCIAL, INC. Debtor. In re: ESTATE FINANCIAL MORTGAGE FUND, LLC Debtor.

CHAPTER 11 CASE NUMBERS: 9:08-bk-11457-RR and 9:08-bk-11535

NOTE: When using this form to indicate service of a proposed order, DO NOT list any person or entity in Category I. Proposed orders do not generate an NEF because only orders that have been entered are placed on the CM/ECF docket.

PROOF OF SERVICE OF DOCUMENT

I am over the age of 18 and not a party to this bankruptcy case or adversary proceeding. My business address is: 10100 SANTA MONICA BLVD., SUITE 1100, LOS ANGELES, CA 90067 The foregoing document described as TRUSTEES JOINT CHAPTER 11 STATUS REPORT will be served or was served (a) on the judge in chambers in the form and manner required by LBR 5005-2(d); and (b) in the manner indicated below: I. TO BE SERVED BY THE COURT VIA NOTICE OF ELECTRONIC FILING (NEF) Pursuant to controlling General Order(s) and Local Bankruptcy Rule(s) (LBR), the foregoing document will be served by the court via NEF and hyperlink to the document. On July 9, 2009 I checked the CM/ECF docket for this bankruptcy case or adversary proceeding and determined that the following person(s) are on the Electronic Mail Notice List to receive NEF transmission at the email address(es) indicated below: Service information continued on attached page II. SERVED BY U.S. MAIL OR OVERNIGHT MAIL(indicate method for each person or entity served): On July 9, 2009 I served the following person(s) and/or entity(ies) at the last known address(es) in this bankruptcy case or adversary proceeding by placing a true and correct copy thereof in a sealed envelope in the United States Mail, first class, postage prepaid, and/or with an overnight mail service addressed as follows. Listing the judge here constitutes a declaration that mailing to the judge will be completed no later than 24 hours after the document is filed. Via Federal Express The Honorable Robin Riblet United States Bankruptcy Court Central District of California 1415 State Street Santa Barbara, CA 93101 Service information continued on attached page III. SERVED BY PERSONAL DELIVERY, FACSIMILE TRANSMISSION OR EMAIL (indicate method for each person or entity served): Pursuant to F.R.Civ.P. 5 and/or controlling LBR, on July 9, 2009 I served the following person(s) and/or entity(ies) by personal delivery, or (for those who consented in writing to such service method), by facsimile transmission and/or email as follows. Listing the judge here constitutes a declaration that personal delivery on the judge will be completed no later than 24 hours after the document is filed. Service information continued on attached page I declare under penalty of perjury under the laws of the United States of America that the foregoing is true and correct. 7/9/2009 Michelle F. Evans

/s/ Michelle F. Evans

Signature

This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009 46346-001\DOCS_LA:204534.1

F 9013-3.1

In re: ESTATE FINANCIAL, INC. Debtor. In re: ESTATE FINANCIAL MORTGAGE FUND, LLC Debtor.

CHAPTER 11 CASE NUMBERS: 9:08-bk-11457-RR and 9:08-bk-11535

I. SERVED VIA NEF

William C Beall on behalf of Debtor Estate Financial Inc artyc@aol.com Mark Bradshaw on behalf of Interested Party Karen Guth mbradshaw@shbllp.com Martin J Brill on behalf of Petitioning Creditor 1994 Scott Revocable Trust mjb@lnbrb.com James L Brunello on behalf of Creditor Stan Young kateover66@yahoo.com Jerome S Cohen on behalf of Creditor William Adams jsc@jscbklaw.com Caroline Djang on behalf of Interested Party Courtesy NEF crd@jmbm.com Joseph A Eisenberg on behalf of Interested Party Estate Financial Mortgage Fund, LLC jae@jmbm.com Brian D Fittipaldi on behalf of U.S. Trustee United States Trustee (ND) brian.fittipaldi@usdoj.gov John W Fricks on behalf of Creditor Consolidated Propertys jfricks@ogdenfricks.com Thomas M Geher on behalf of Interested Party Bradley Sharp tmg@jmbm.com Robert P Goe on behalf of Creditor MACC Foundation kmurphy@goeforlaw.com David Gould on behalf of Interested Party David Gould dgould@davidgouldlaw.com Steven T Gubner on behalf of Creditor Committee Committee Of Unsecured Creditors sgubner@ebg-law.com, ecf@ebg-law.com Ralph P Guenther on behalf of Creditor Jack Montague rguenther@montereylaw.com Robert E Hurlbett on behalf of Creditor Foley-Gannon, Inc. bob@hurlbettlaw.com Brian M Kandel on behalf of Creditor Alvand Construction brian.kandel@bookandbook.com Lewis R Landau on behalf of Interested Party Estate Financial Mortgage Fund, LLC lew@landaunet.com
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009 46346-001\DOCS_LA:204534.1

F 9013-3.1

In re: ESTATE FINANCIAL, INC. Debtor. In re: ESTATE FINANCIAL MORTGAGE FUND, LLC Debtor.

CHAPTER 11 CASE NUMBERS: 9:08-bk-11457-RR and 9:08-bk-11535

rene Lastreto on behalf of Creditor Scott Drimmel rl2@lrplaw.net Leib M Lerner on behalf of Creditor Charles & Debra Applebaum leib.lerner@alston.com Samuel R Maizel on behalf of Trustee Thomas Jeremiassen smaizel@pszjlaw.com, smaizel@pszjlaw.com Frank F McGinn on behalf of Interested Party Iron Mountain Information Management Inc ffm@bostonbusinesslaw.com Byron Z Moldo on behalf of Creditor Highwater Granada Hills, LLC bmoldo@ecjlaw.com, tmelendez@ecjlaw.com Robert B Orgel on behalf of Debtor Estate Financial Inc rorgel@pszjlaw.com, rorgel@pszjlaw.com David M Poitras on behalf of Financial Advisor Development Specialists Inc dpoitras@jmbm.com Dean G Rallis Jr on behalf of Creditor Charles & Debra Applebaum dean.rallis@alston.com Edwin J Rambuski on behalf of Respondent James Kimball rambuskilaw@sbcglobal.net Paul F Ready on behalf of Creditor Lorraine Cagliero tamara@farmerandready.com Henry G Rendler on behalf of Creditor Conselho Supremo Da Sociedade Do Espirito Santo henry@rendlerlaw.com Martha E Romero on behalf of Creditor San Bernardino County Tax Collector Romero@mromerolawfirm.com Robyn B Sokol on behalf of Creditor Committee Committee Of Unsecured Creditors ecf@ebg-law.com, rsokol@ebg-law.com Peter Susi on behalf of Creditor Centennial Livestock cheryl@msmlaw.com, peter@msmlaw.com United States Trustee (ND) ustpregion16.nd.ecf@usdoj.gov Katherine M Windler on behalf of Creditor Bryan Cave LLP katherine.windler@bryancave.com Jennifer C Wong on behalf of Creditor Spondulix Company, Inc. and The Doctors Company bknotice@mccarthyholthus.com Jonathan R Zeko on behalf of Plaintiff Shelton Construction Company Inc
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009 46346-001\DOCS_LA:204534.1

F 9013-3.1

In re: ESTATE FINANCIAL, INC. Debtor. In re: ESTATE FINANCIAL MORTGAGE FUND, LLC Debtor.

CHAPTER 11 CASE NUMBERS: 9:08-bk-11457-RR and 9:08-bk-11535

jzeko@grantandzeko.com

II. SERVED VIA U.S. MAIL

DEBTOR Estate Financial Inc. c/o M. Freddie Reiss 806 9th St Ste 1A Paso Robles, CA 93446 FORMER DEBTORS COUNSEL William C. Beall Beall and Burkhardt 1114 State St Ste 200 Santa Barbara, CA 93101 CHAPTER 11 TRUSTEE FOR EFI Thomas P. Jeremiassen LECG LLC 2049 Century Park East, Ste. 2300 Los Angeles, CA 90067 CHAPTER 11 TRUSTEE FOR EFMF Bradley N. Sharp - Trustee 333 S. Grand Ave.. Los Angeles, CA 90071 Estate Financial Mortgage Fund, LLC a California limited liability company c/o Development Specialist, Inc. 333 South Grand Avenue, Suite 4070 Los Angeles, CA 90071-1544 COUNSEL TO BRAD SHARP Joseph A. Eisenberg, P.C. David M. Poitras, P.C. Jeffer, Mangels, Butler & Marmaro 1900 Avenue of the Stars, 7th Floor Los Angeles, CA 90067 UNITED STATES TRUSTEE (ND) Office of the U.S. Trustee Attn: Brian Fittipaldi 21051 Warner Center Lane, Suite 115 Woodland Hills, CA 91367

U.S. TRUSTEES COUNSEL Office of the U.S. Trustee Marjorie L. Erickson 128 E. Carrillo St. Santa Barbara, CA 93101 COUNSEL TO OFFICIAL COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS Steven T. Gubner, Esq. Larry Gabriel, Esq. Ezra Brutzkus Gubner LLP 21650 Oxnard Street, Suite 500 Woodland Hills, California 91367 Barry Glaser Robyn B. Sokol Ezra Brutzkus Gubner LLP 21650 Oxnard Street, Suite 500 Woodland Hills, California 91367 OFFICIAL COMMITTEE OF CREDITORS HOLDING UNSECURED CLAIMS Jim W. Davis 4 P.O. Box 15 Lemoore, CA 93245 Phone: 559-707-0084 Thomas Schultheis Investment Trends, LLC 4455 Via Bendita Santa Barbara, CA 93110 Phone: 805-964-1224 Clifford Andreas Munk Trustee of the Clifford Andreas Munk and Lois Munk Revocable Trust c/o Clifford Munk P.O. Box 433 Paso Robles, CA 93447 Phone: 805-238-1544 Donna and Robert Berg Foundation c/o Robert Berg 5161 Vineyard Drive Paso Robles, CA 93446 Phone: 805-238-5825 and 805-238-2401

This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009 46346-001\DOCS_LA:204534.1

F 9013-3.1

In re: ESTATE FINANCIAL, INC. Debtor. In re: ESTATE FINANCIAL MORTGAGE FUND, LLC Debtor.

CHAPTER 11 CASE NUMBERS: 9:08-bk-11457-RR and 9:08-bk-11535

Nancy Trotter, Trustee of the Nancy Lee Missakian Trotter Trust c/o Nancy Lee Missakian Trotter 3901 Laguna Blanca Drive Santa Barbara, CA 93110 Phone: 805-687-0130 John G. Henry, M.D.-Pension Fund c/o John G. Henry, M.D. 1905 Hidden Valley Road Templeton, CA 93465 Phone: 805-434-1873 and 805-434-1720 Fax: 805-434-2068 Marjorie Jacobsen, Trustee of the Marjorie LaVerne Jacobsen 2002 Revocable Trust c/o Marjorie L. Jacobsen 261 Leighton Avenue Cambria, Ca 93428 Phone: 805-927-0665 PETITIONING CREDITORS Steve Gardality P.O. Box 230016 Encinitas, CA 92024-0016 1994 Scott Revocable Trust, The 1994 James E Scott & Kathleen A Scott Revocable Trust 6528 Nancy Rd Rancho Palos Verdes, CA 90275 Kathleen Scott IRA 6528 Nancy Rd Rancho Palos Verdes, CA 90275 Pippin LLC San Dimas 18 LLC Attn: Jordana Cooper P.O. Box 702 Beverly Hills, CA 90213 PETITIONING CREDITORS COUNSEL Martin J. Brill, Esq. Levene, Neale, Bender, Rankin & Brill L.L.P. 10250 Constellation Blvd., Ste. 1700 Los Angeles, CA 90067 REGULATORS

Mary Ann Smith, Esq. Senior Corporations Counsel Department of Corporations 1515 K Street, Suite 200 Sacramento, CA 95814 Mary Clarke, Esq. Legal Counsel Department of Real Estate 2201 Broadway Sacramento, CA 95818-2500 COUNSEL FOR TM COBB George Sykulski 16027 Ventura Boulevard, Suite 503 Encino, CA 91367 COUNSEL FOR SIMON CONCRETE & AGGREGATE Toni Eggebraaten Attorney at Law Country Club Business Park 77-564A Country Club Drive, Suite 191 Palm Desert, CA 92211 Linda A. Barlow 2700 N. Main Street, Suite 850 Santa Ana, CA 92705-6638 20 LARGEST CREDITORS OF ESTATE FINANCIAL MORTGAGE FUND Seid & Zucker. CPAS 935 Riverside Avenue, Suite 1 Paso Robles, CA 93446 COMMITTEE OF EQUITY INVESTORS OF EFMF Attnys for Equity Committee Peter Susi Counsel for Centennial Livestock Michaelson Susi & Michaelson 7 W Figueroa St Santa Barbara, CA 93101 Centennial Livestock PO Box 9 Paso Robles, CA 93447 Attn: John W. Lacey Robert L. Meyer 45330 Vista Place King City, CA 93930 Attn: Butch LaVelle

This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009 46346-001\DOCS_LA:204534.1

F 9013-3.1

In re: ESTATE FINANCIAL, INC. Debtor. In re: ESTATE FINANCIAL MORTGAGE FUND, LLC Debtor.

CHAPTER 11 CASE NUMBERS: 9:08-bk-11457-RR and 9:08-bk-11535

O'Neal Family Trust 2870 Doty Drive Arroyo Grande, CA 93420 Attn: Sean O'Neal Mary A. Wheller 597 Avocet Way Arroyo Grande, CA 93420 Attn: Patrick W. Wheeler William Adams 4859 Oliva Avenue Lakewood, CA 90712 Harold E. Steinbeck 4995 Mill Road Paso Robles, CA 93446 James D. Buckley 901 Drake Street Cambria, CA 93428 Attn: James Lee Buckley REQUESTS FOR SPECIAL NOTICE IN EFMF CASE Estate Financial, Inc. 633 West 5th Street Suite 1600 Los Angeles, CA 90071 William H. Bartosh 62893 Indian Valley Road San Miguel, CA 93451 Attnys for Sidney H. Zusman Sidney H. Zusman c/o Edward S. Zusman 456 California Street, Suite 500 San Francisco, CA 94104 Attnys for Scott Drimmel and Bonnie Drimmel Ren Lastreto, II, Esq. Lee Ann Eager, Esq. Lang, Richert & Patch 5200 North Palm, Suite 401 Fresno, CA 93704 Attnys for Richard & Margaret Ripley John E. Kesecker Law Office of John E. Kesecker P.O. Box 650 King City, CA 93930

Attys for Erna Morris James M. Lauderdale, Esq. Lauderdale Law Offices 150 Carmelito Ave. Monterey, CA 93940 REQUESTS FOR SPECIAL NOTICE (EFI) Louise Kalshan 440 Kerwin Cambria, CA 93428 David Gould Former Dissolution Mgr. Estate Financial Mortgage Fund LLC 23801 Calabasas Road, Suite 2032 Calabasas, CA 91302 COUNSEL FOR FOLEY-GANNON, INC. Robert E. Hurlbett 3324 State Street, Suite O Santa Barbara, CA 93105 FORMER DISSOLUTION MANAGER Mr. Freddie Reiss FTI Consulting 633 West Fifth Street Los Angeles, CA 90071-2027 Lewis Landau, Esq. Law Offices of Lewis Landau 23564 Calabasas Road Suite 104 Calabasas, CA 91302 Bryan Cave LLP c/o Katherine M. Windler 120 Broadway, Suite 330 Santa Monica, CA 90401 COUNSEL FOR BOND SAFEGUARD INSURANCE CO. Mark E. Aronson Anderson, McPharlin & Conners LLP 444 S. Flower Street, 31st Floor Los Angeles, CA 90071-2901 COUNSEL FOR SHELTON CONSTRUCTION CO. Jonathan R. Zeko,, Esq. Grant & Zeko, APC 1331 India Street San Diego, CA 92101

This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009 46346-001\DOCS_LA:204534.1

F 9013-3.1

In re: ESTATE FINANCIAL, INC. Debtor. In re: ESTATE FINANCIAL MORTGAGE FUND, LLC Debtor.

CHAPTER 11 CASE NUMBERS: 9:08-bk-11457-RR and 9:08-bk-11535

The Investment Company 139 Via Fuchsia Paso Robles, CA 93446 ATTY FOR ALVAND CONSTRUCTION Brian M. Kandel, Esq. Book & Book, LLP 1414 Soquel Avenue #203 Santa Cruz, CA 95062 ATTY FOR KAREN GUTH Steven C. Smith, Esq. Smith, Chapman & Campbell 1800 North Broadway, Ste. 200 Santa Ana, CA 92706 ATTY FOR MATTOS UNDERGROUND CONSTRUCTION Michael A. Dias, Esq. Jonette M. Montgomery, Esq. Dias Law Firm 502 West Grangeville Boulevard Hanford, CA 93230 Patricia Cullinan 13505 Old Morro Road Atascadero, CA 93422 Sherri G. Bell 245 Kendal Lane Cambria, CA 93428 ATTY FOR CALIFORNIA PLASTERING, INC. Todd M. Wolfe, Esq. Green & Campbell, LLP 1777 E. Los Angeles Avenue Suite 201 Simi Valley, CA 93065 Vladimir V. Volkow 300F Danville Blvd., Suite 547 Alamo, CA 94507 COUNSEL FOR CREDITOR VLADIMIR V. WOLKOV Michael B. Peterson, Esq. Archer Norris 2033 North Main Street, Suite 800 Walnut Creek, CA 94596-3759

COUNSEL FOR STAN AND JUDY YOUNG James L. Brunello, Esq. P.O. Box 4155 El Dorado Hills, CA 95762 Frank F. McGinn, Esq. Bartlett Hackett Feinberg PC 155 Federal Street, Ninth Floor Boston, MA 02110 Leib M. Lerner, Esq. Alston & Bird, LLP 333 S. Hope Street, 16th Floor Los Angeles, CA 90071 Dean G. Rallis Jr., Esq. Alston & Bird, LLP 333 S. Hope Street, 16th Floor Los Angeles, CA 90071 COUNSEL FOR YVONNE M. ZAMORA Daniel J. Mash, Esq. Mash & Bahrick 152 N. 3rd St. Suite 530 San Jose, CA 95112 SPECIAL COUNSEL TO THE TRUSTEES Counsel for Centennial Livestock David A. Juhnke, Esq. Roger B. Frederickson, Esq. Sinsheimer Juhnke Lebens & McIvor, LLP 1010 Peach Street P.O. Box 31 San Luis Obispo, CA 93406 Robert Flores PO Box 365 Mountain Ranch, CA 95246 COUNSEL FOR JACK D. MONTAGUE, TRUSTEE Ralph P. Guenther, Esq. Duffy & Guenther, LLP 149 Bonifacio Place Monterey, CA 93940 COUNSEL FOR TWF CONSTRUCTION, INC. Attn: Jon F. Gauthier Marks, Golia & Finch, LLP 8620 Spectrum Center Blvd., Suite 900 San Diego, CA 92123

This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. January 2009 46346-001\DOCS_LA:204534.1

F 9013-3.1