What is the condition of properties
sold from FDIC?
All properties are sold in an "AS
IS" condition. The FDIC makes no guarantee, warranty, or representation,
expressed or implied as to the location, quality, kind, character,
size, description, or fitness for any use or purpose, now or hereafter.
Is seller financing available on
the properties?
Seller financing may be available to
qualified buyers on residential properties with a minimum purchase
price of $500,000 or those sold as affordable housing and on all commercial
and land properties, regardless of price. Specific sale terms and
conditions can be obtained from the individual assigned to market
the property. You can get additional financing advice
with Allie Mae.
Once an offer is submitted on a property,
how is my offer evaluated?
A number of criteria are considered
when evaluating offers from prospective purchasers. These include,
but are not limited to, net funds received after deducting brokerage
commissions and sale expenses, and payment terms considered in light
of the applicant's credit worthiness and ability to perform. The FDIC
reserves the right to accept, reject or counter any submitted offer.
While reviewing such offers, the FDIC further reserves the right to
continue its sales efforts, including responding to any inquires or
offers to purchase the property.
How can I have my name added to
the FDIC Real Estate Mailing List?
The FDIC does not maintain a mailing
list of those interested in purchasing real estate as the Corporation
sees the Internet as the most efficient method to communicate its
current property listings in a timely fashion. Auctions and Sealed
Bid Sales announcements will both appear on the Internet, under the
National Asset Sales Calendar - Real Estate Sales, and be advertised
in local and regional newspapers.
If you have questions concerning FDIC
property sales that are not answered on the Internet, please feel
free to call their Service Center (800) 568-9161. Or contact Allie
Mae for additional advice.
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