FDIC Loan Sales - Posted by Shawn

Posted by Marvin Seawood on November 30, 1998 at 24:09:58:


FDIC Loan Sales - Posted by Shawn

Posted by Shawn on November 29, 1998 at 22:26:13:

Do you know anything about the FDIC loan sales? Can anyone participate? Where can I learn more about them?

Thanks in advance for any help.

Re: FDIC Loan Sales - Posted by John Behle

Posted by John Behle on December 01, 1998 at 11:33:44:

I have dealt with them, but actually never had a successful bid. I am unwilling to pay the prices that some of the collection companies want to pay.

Their policies vary over time and by region of the country, but usually you are talking some high dollar figures - in the hundreds of thousands and millions in some cases. Check out the FDIC site that Marvin recommended.