|1. How should I use this listing of
This listing of Real Estate is intended to
provide interested parties with preliminary information only. This list is not a
solicitation of offers and does not constitute an offer to sell. The information is
provided for the purpose of inviting further inquiry and has been obtained from sources we
believe to be reliable.
2. I am interested in a few properties off
the current listing. How do I find out more information relating to those properties ?
Each property will have a contact name and phone
number. The contact name will either be an individual from an FDIC office or an individual
associated with the sales initiative (e.g. Auction Company, Real Estate Broker). If a
property information package ("PIP") has been prepared on a particular property,
it can be obtained from this individual.
3. How often is the listing of properties
It is the FDIC's intent to update the listing of
properties by close of business each Monday. Therefore, with the volatile nature of the
real estate business, it is important to contact the individual associated with a
particular property to find out if the property is still available since the last update.
4. 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.
5. How is the Listed Price established ?
Listed prices are established by a variety of
factors which may include independent appraisals, brokers' opinion of value and current
market conditions. All prices are subject to change without notice.
6. 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.
7. 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 Special Real Estate Sales Events, 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 our Service Centers: