FDIC FAQ

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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