ITEM ID #: Chesley01
CASE NUMBER: #05-07278-PHX-CGC
CASE NAME: Chesley, Rodger Ray & Miriam Ranee

NAME OF TIMESHARE: Paniolo Greens, 68-1845 Waikoloa Road, Waikoloa, Hawaii 96738. (808) 883-0600

MANAGEMENT COMPANY: Shell Management 75-5706 Kuakini Hwy. Kailua-Kona, HI 96740 (808) 327-1280

IMPORTANT LEGAL INFO: BKassets specializes in the liquidation of tangible and intangible bankruptcy assets. We sell all timeshares AS IS, WHERE IS, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the unit, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this timeshare after the sale including but not limited to: paying any fees/costs associated with this timeshare, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT realtors. BKAssets and the trustee shall be under no obligation to buyer except to provide the buyer with a Trustee's Deed. All the information as to the item description has been provided by the management company/Resort. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval. Please read sections of this ad carefully, especially for real estate sales. BKAssets does not send Second Chance Offers. Please beware of Second Chance Offer Scams.

DESCRIPTION OF ITEM: 2 bedroom/2 bath unit, 1 week every odd year, floating - red season. 2006 annual fees: $275.00. Past due fees are approx. $290.00 (includes 2006 fees and late fee as of 02/01/06). Transfer fee of $50. ICN #J206-O-31. First year available usage is 2007. According to Shell Vacations, timeshare was paid off in July 2003.

LIENS: Past due fees are approx. $290.00 (includes 2006 fees and late fee as of 02/01/06). We do not know of any liens.

AMENITIES: UNIT: Air Conditioning, Carpet, Dishwasher, Kitchen, Microwave, Telephone, Washer/Dryer, Wall Safe and Private Lanais/Patios. ON-SITE: Swimming Pool, Whirlpool/Hot Tub, Exercise Equipment, Tennis, Children's Pool and a Playground Area. NEARBY: Auto Rental, Beach, Boating, Child Care, Fishing, Golf, Grocery Store, Hairdresser, Health Club, Horseback Riding, Medical Facilities, Racquetball, Restaurant, Sauna, Scuba Diving, Shopping Area, Snack Bar, Spa, Squash and Wind Surfing.

LOCATION: Paniolo Greens is located in the village of Waikoloa, nestled in the heart of the Big Island's Up Country region of panoramic vistas and rolling ranch lands. The resort is a short distance from the Parker Ranch, championship golf courses, and the world famous white sands of Hapuna Beach. Paniolo Greens offers special golf privileges at Waikoloa Golf Club. For your dining enjoyment, the area boasts more than 30 restaurants and lounges. Enjoy the striking ocean and mountain views from the resort.

NOTES: This is all we know about this item. A title search was NOT performed on this property. BKAssets does not provide title insurance. If title insurance is desired, the buyer is responsible for obtaining it through a title company. A document preparation fee of $150 (payable to seller) will apply. Any fees/liens owing on this unit are not part of the final bid price. Serious bidders only. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in order to avoid the penalties listed in our Terms.