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PREFERRED EQUITIES CORPORATION SOLD TO THE FOLLOWING PARTIES: KRAFT, ANTHONY C. AND NAOMI H. FOR HILLTOP RESORT Unit: 411 TIMESHARE, 1/51ST INTEREST$17,000

MARSH, JOHN R. AND CATHY J. FOR HILLTOP RESORT Unit: 412 TIMESHARE, 1/51ST INTEREST$13,000

JOSEPH, LEON M. AND GUADALUPE G. FOR HILLTOP RESORT Unit: 415 TIMESHARE, 1/51ST INTEREST$12,000

SAGRILLO, DOUGLAS S. AND RITA A. FOR HILLTOP RESORT Unit: 417 TIMESHARE, 1/51ST INTEREST$14,000

NELSON, GARY W. AND CATHY T. FOR HILLTOP RESORT Unit: 510 TIMESHARE, 1/51ST INTEREST$19,000

VONFELDT, ANGELA K. AND CHRISTOPHER FOR HILLTOP RESORT Unit: 506 TIMESHARE, 1/51ST INTEREST$18,000

SPANO, VITO M. FOR HILLTOP RESORT Unit: 516 TIMESHARE, 1/51ST INTEREST$16,000

WEMLINGER, ADAM P. AND JENNIFER S. FOR HILLTOP RESORT Unit: 514 TIMESHARE, 1/51ST INTEREST$17,000

KELLEN, JOHN F. AND BRENDA A. FOR HILLTOP RESORT Unit: 516 TIMESHARE, 1/51ST INTEREST$16,800

VAN VOORST, WILLIAM J. AND DIANA M. FOR HILLTOP RESORT Unit: 516 TIMESHARE, 1/51ST INTEREST$16,000

WILSON, WILLIAM H. AND ROBBY S. FOR HILLTOP RESORT Unit: 510 TIMESHARE, 1/51ST INTEREST$16,000

FIELDS, MICHAEL E. AND KATHY D. FOR HILLTOP RESORT Unit: 511 TIMESHARE, 1/51ST INTEREST$9,000

GUZMAN, DELLA FOR HILLTOP RESORT Unit: 509 TIMESHARE, 1/51ST INTEREST$11,000 STEPHENS, JANET M. AND DEAN L. FOR HILLTOP RESORT Unit: 505 TIMESHARE, 1/51ST INTEREST$13,000

ARNDT, RONALD E. AND PATRICIA S. FOR HILLTOP RESORT Unit: 509 TIMESHARE, 1/51ST INTEREST$13,000

MILLER, RICHARD M. AND LISABETH D. FOR HILLTOP RESORT Unit: 515 TIMESHARE, 1/51ST INTEREST$13,000

MACOSKO, CHERYL FOR HILLTOP RESORT Unit: 515 TIMESHARE, 1/51ST INTEREST$12,300

BRECKHEIMER, CHARLES T. AND SCHORR, SANDRA J. FOR HILLTOP RESORT Unit: 515 TIMESHARE, 1/51ST INTEREST$13,000

JOHNSON, CAROLYN L. AND COLLINS, BRIDGET M. FOR HILLTOP RESORT Unit: 517 TIMESHARE, 1/51ST INTEREST$14,000

NYLANDER, DANIEL G. AND AFSHAN FOR HILLTOP RESORT Unit: 515 TIMESHARE, 1/51ST INTEREST$13,000

MONTANO, LYNN FOR HILLTOP RESORT Unit: 517 TIMESHARE, 1/51ST INTEREST$13,000

OLSON, MARK D. AND DEBORAH L. FOR HILLTOP RESORT Unit: 517 TIMESHARE, 1/51ST INTEREST$13,000

KAHLER, RICHARD C. AND DENISE E. FOR HILLTOP RESORT Unit: 503 TIMESHARE, 1/51ST INTEREST$13,000

WRINKLE, JOHN R. AND VALORIE J. FOR HILLTOP RESORT Unit: 201 TIMESHARE, 1/51ST INTEREST$17,000

OSTERTAG-PALMER, JOAN M. PALMER, JOHN C. FOR HILLTOP RESORT Unit: 401 TIMESHARE, 1/51ST INTEREST$18,000

DAVIS, ROBBY G. AND DEBBIE K. FOR HILLTOP RESORT Unit: 103 TIMESHARE, 1/51ST INTEREST$10,000

EHRMAN, TED J. AND DILORETO, SUSAN J. FOR HILLTOP RESORT Unit: 103 TIMESHARE, 1/51ST INTEREST$14,000

HESKER, RAYMOND B. AND SANDY, STELLA D. FOR HILLTOP RESORT Unit: 111 TIMESHARE, 1/51ST INTEREST$33,000

LESTER, JULIA AND MARTINEZ, RONALD FOR HILLTOP RESORT Unit: 110 TIMESHARE, 1/51ST INTEREST$16,000

STEELE, ROBERT AND MARGARITA FOR HILLTOP RESORT Unit: 111 TIMESHARE, 1/51ST INTEREST$18,400

SMITH, WILLIAM AND JULIE FOR HILLTOP RESORT Unit: 112 TIMESHARE, 1/51ST INTEREST$19,200

LENCZYK, RANDOLPH FOR HILLTOP RESORT Unit: 405 TIMESHARE, 1/51ST INTEREST$13,000

COLEMAN, JAMES D. AND PAMELA K. FOR HILLTOP RESORT Unit: 312 TIMESHARE, 1/51ST INTEREST$21,000

GRIFFIN, MARK A. AND REBECCA H. FOR HILLTOP RESORT Unit: 311 TIMESHARE, 1/51ST INTEREST$24,000

LOFTIN, JAMES, JR. AND SHANNON L. FOR HILLTOP RESORT Unit: 210 TIMESHARE, 1/51ST INTEREST$24,000

HASTY, GREGORY M. AND HASTY, SUSAN V. FOR HILLTOP RESORT Unit: 112 TIMESHARE, 1/51ST INTEREST$21,000

SIMMONS, JAMES AND KARRIE FOR HILLTOP RESORT Unit: 312 TIMESHARE, 1/51ST INTEREST$20,000

REDDELL, RAYMOND D. AND STEPHANIE A. FOR HILLTOP RESORT Unit: 112 TIMESHARE, 1/51ST INTEREST$22,000

PARKER, ALEXIS J. FOR HILLTOP RESORT Unit: 212 TIMESHARE, 1/51ST INTEREST$21,000

LANGAN, THOMAS E. FOR HILLTOP RESORT Unit: 112 TIMESHARE, 1/51ST INTEREST$22,000

CARBONE, LOUIS AND DONNA FOR HILLTOP RESORT Unit: 312 TIMESHARE, 1/51ST INTEREST$21,000

STENSON, MARK A. AND CATHERINE K. FOR HILLTOP RESORT Unit: 212 TIMESHARE, 1/51ST INTEREST$21,000

CABLE, JOHN W. AND PATRICE A. FOR HILLTOP RESORT Unit: 311 TIMESHARE, 1/51ST INTEREST$22,000

EBERLY, GEORGE W., III AND CINDY L. FOR HILLTOP RESORT Unit: 211 TIMESHARE, 1/51ST INTEREST$21,000

CALDWELL, WILLIAM J. AND LORENE F. FOR HILLTOP RESORT Unit: 212 TIMESHARE, 1/51ST INTEREST$20,900

JOHNSON, WESLEY AND RHONDA FOR HILLTOP RESORT Unit: 310 TIMESHARE, 1/51ST INTEREST$21,000

HALL, MARTHA M. FOR HILLTOP RESORT Unit: 311 TIMESHARE, 1/51ST INTEREST$20,900

BROGAN, JOSEPH M. AND GLADIE D. FOR HILLTOP RESORT Unit: 211 TIMESHARE, 1/51ST INTEREST$24,000

KING, GARY L. AND STIPE, AMY J. FOR HILLTOP RESORT Unit: 403 TIMESHARE, 1/51ST INTEREST$21,000

Total time share sales$851,500

WEIMER, REX A. TO MOUNTAIN MEADOW PRESERVE LLC FOR SKY HARBOR SUBD Block: 2 & 3$3,940,000

VAN WIRT, DONNA S. TO DYER, ROSS N. AND SALLY G. FOR FISH CREEK MEADOWS SUBD Unit: 26$425,000

PIONEER VILLAGE OF STEAMBOAT, LLC TO BELL, JANICE KAY FOR PIONEER VILLAGE SUBDIVISION, F2 Lot: 13$224,000

ELKINS, STEPHEN S. TO KIMM, G. EDWARD, JR. AND JO LYNN FOR STONE RIDGE F2 Unit: 1$400,000

O'BRIEN, TIMOTHY J. AND PEGGY L. FOR SILVERVIEW ESTATES, FILING #1 Lot: 39$85,000

FOX, ALLEN R. TO P.E.B., LLC FOR MORRISON DIVIDE RANCH Lot: 11$327,500

WOODWORTH, ROBERT J. TO BASHAW, WENDY FOR EAGLES NEST THM AT STAGECOACH PHASE I, LOT 2$128,000

SADOWSKI, PETER L. AND MARCIA A. FOR SADDLE CREEK THM SOUTH Unit: B-4$383,000

MCGEARY, BONNYE W. TO MAYOR, SCOTT FOR SILVERVIEW ESTATES, FILING #1 Lot: 31$85,000

THUNDERHEAD DEVELOPMENT #1, LLC TO REESE, ROBERT W. AND KATHRYN K. FOR HERITAGE PARK SUBD Lot: 19$339,400

NATIONAL EXCHANGE SERVICE CORPORATION TO PAULA E. SCAFURI 1998 REVOCABLE TRUST FOR HIGHLANDS II TOWNHOMES Lot: B$737,300

STETSON, FRANKLIN O., FRANKLIN LEE, JAY SHELDON, MARY JOLENE AND WOODS, LAURA JEAN STETSON TO CORMACK, CONRAD C. FOR EAGLES WATCH SUBD AT STAGECOACH, LOT 79$60,000

SILVER SPUR DEVELOPMENT, LLC TO WINEMILLER, HARVEY AND BROWN, JULIE D. FOR SILVERVIEW ESTATES, FILING #1 Lot: 25$76,000

PATRICK, LINDA TO SCHAEFFER, LISA M. FOR TIMBER RUN CONDO Unit: 309, BLDG. 300$166,000

SUMMER, VERNON F. TO COLORADO, STATE OF, DEPT TRANSPORTATION FOR

NE1/4NE1/4 SEC 17-5N-84W PROJECT CODE 11442 PROJECT NO. STR 131A-023 UNIT 1 PARCEL NO. 108$2,700

SHARP, JOHN R. AND PATRICIA S. TO HARRIS, CAROL ANN FOR FAIRWAY MEADOWS SUBD F1 Lot: 70$230,000

TRUJILLO, JENNIFER AND DAVID TO BIERY, BENJAMIN HAROLD FOR

SADDLE CREEK THM SOUTH Unit: B-3$389,000

EAGLES WATCH 20, LLC TO RICE, KENNETH M. TO RICE, BARBARA D. FOR

EAGLES WATCH SUBD AT STAGECOACH, LOT 20$370,000

NIERENBERG, PETER ALBERT TO CLAY, LISA A. AND GREGORY S. FOR

STEAMBOAT GRAND RESORT HOTEL CONDOMINIUM Unit: 521 QUARTER SHARE ESTATE IV$47,500

GOLDSMITH, RICHARD A. AND PATRICIA J. TO MATTHEWSON, ALLEN AND BENTLEY, CATHERINE A. FOR SOUTH SHORE SUBD AT STAGECOACH, LOT 86$27,000

GIRARD, GEORGE A. AND EMOJEAN B. TO BOLA ENTERPRISES INC. FOR

STEAMBOAT LAKE SUBD 3 Lot: 71, 74, STEAMBOAT LAKE SUBD 4 Lot: 2

STEAMBOAT LAKE SUBD 5 Unit: 89$18,000

HANSEN, DONALD V. AND JEANETTE A. TO BOLA ENTERPRISES INC. FOR

STEAMBOAT LAKE SUBD 5 Unit: 108$2,000

DUNLAP, L. MICHAEL TO BOLA ENTERPRISES INC. FOR STEAMBOAT LAKE SUBD 5 Unit: 59$10,000

LIMA, JUDITH E. TO S.A.B.L.E. DEVELOPMENT, LLC FOR STEAMBOAT LAKE SUBD 7 Lot: 271, 272$3,300

Total real property sales$8,475,700

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