| A.     | Wholly-owned subsidiaries of Whitemark              Homes,              Inc., a Colorado corporation:                                                                             |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                              |
|   | Whitemark Homes of Florida, Inc., a              Florida              corporation                                                                                                 |
|   |                                                                                                                                                                              |
| B.     | Wholly-owned                subsidiary of Whitemark Homes of Florida, Inc.:                                                                                                       |
|   |                                                                                                                                                                              |
|   | Home Funding, Inc., a Florida              corporation                                                                                                                            |
|   |                                                                                                                                                                              |
| C.     | Partnership                and Limited Liability Corporation interests held by WhitemarkHomes                of Florida, Inc.:                                                    |
|   |                                                                                                                                                                              |
|   | Whitemark at Fox Glen, Ltd., a Florida              limited partnership (99% limited partnership interest; the remaining              1%              interest is held by general |
|   | partner Fox Glen Management Corporation,              which is wholly- owned by Kenneth              L. White)                                                                    |
|   |                                                                                                                                                                              |
|   | Sheeler              Hills, Ltd., a Florida limited partnership (99% limited partnership              interest; the remaining 1% interest is held by general                      |
|   | partner                Sheeler Hills Management Corporation, which is wholly-owned by Kenneth                L. White)                                                            |
|   |                                                                                                                                                                              |
|   | Whitemark at Corner Lake, LLC                                                                                                                                                     |
|   | Whitemark                at Glenbrook, LLC                                                                                                                                        |
|   | Whitemark                at Little Creek, LLC                                                                                                                                     |

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