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IN RE: GT ARCHITECTURE CONTRACTORS CORP., et al., CHAPTER 11, Debtors.

OPINION REGARDING FAIR MARKET VALUE

MARGARET MURPHY, Bankruptcy Judge

Hearings were held October 30, 2009, November 18, 2009, and concluded November 20, 2009, on valuation of the collateral securing the claim of Bank of North Georgia ("BNG"). At those hearings, testimony and argument were presented regarding the value of four houses located in the Hallmark Hills Subdivision in Spalding County (1607, 1666, 1606 and 1600 Hallmark Hills) and one house located in the Davidson Landing Subdivision located in Henry County, Georgia ("Susie Court") (collectively the "Property"). For the reasons set forth on the record at the hearing, the undersigned finds the fair market value of the Property to be:

1607 Hallmark Hills $ 92,000 1666 Hallmark Hills 95,000 1606 Hallmark Hills 95,000 1600 Hallmark Hills 95,000 Susie Court 101,000 Total $478,000 The Clerk, U.S. Bankruptcy Court, is directed to serve a copy of this order upon Debtor's attorney, attorney for BB T, and the U.S. Trustee.

IT IS SO ORDERED, this the 29th day of September, 2010.

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IN RE GT ARCHITECTURE CONTRACTORS CORP
(Sep 30, 2010)