About Us | Contact Us
View Cart

False Representations of FDIC-Owned Real Estate Properties for Sale

By Dan Hadaway | Thursday, November 5, 2009 - Leave a Comment

The Federal Deposit Insurance Corporation (FDIC) is warning the general public and interested investors of false claims from various entities (individuals and companies) claiming to represent the FDIC in the sales of FDIC-owned properties.

These individuals and companies present a common theme. First, they claim to have “inside access” and, secondly, they attempt to charge fees or collect money up front from potential buyers of FDIC Owned Real Estate (ORE) properties with promises of steep discounts off appraised values. Information on ORE assets in the FDIC’s inventory is free to the general public. Any person approached by an individual or business entity with an offer requiring upfront fees and/or the disclosure of personal bank information should exercise extreme caution.

The FDIC has contracted with and authorized a number of asset management companies to market, sell, and maintain FDIC ORE properties. In representing the FDIC, they are not brokers or brokerage services firms. Rather, they are asset managers who contract with licensed real estate brokers and other vendors in the disposition FDIC-owned properties.

FDIC-owned properties currently being marketed for sale are available for FREE public viewing and access on the FDIC Web site at http://www2.fdic.gov/drrore/. The listing for each asset includes the assigned asset management company, local brokers, and contact information.


 

Posted in Article Reviews

Latest News
    Another awareness poster for YOUR customers (and users).  Now that we have our own employees aware, maybe it’s time to start posting content for our customers! Download the large versions here: Awareness Poster (Portrait) Awareness Poster (Landscape)   You are welcome to print out and distribute this around your office. Data by Rob Sobers, writing […]
    Thanks for being interested in our Technology Planning Webinars! This year‘s annual webinar on the subject will include a review of the previous years’ movies that are already available, and a discussion about alternative tactics that have arisen from recent virtual conferences and regulator panels. It’s not too late to register for the 2020 Technology […]
    Check out the Sponsor Video! We will be updating the video on YouTube in the coming days, but will include the credits so everyone is recognized for all their hard work. Like our Facebook, Twitter, and Subscribe on YouTube for further updates! Credits Producer: Bryan Bonnell “K0s$” Director: Sara Fultz Editor: Sofia Tafoya Wardrobe: Our […]
    Welcome 2020 IBA Cybercon Attendees! You can download a zip folder that includes our Simplified Insurance Review Boilerplate! Download Here Also, if you are interested in Insurance Review check out our video!    
    PRESS RELEASE – FOR IMMEDIATE RELEASE BUSINESS NEWS NEW EMPLOYEE FOR INFOTEX infotex has just hired Sara Fultz, to be a new Creative Assistant to assist with creative engagement for both clients and employees. “I’m ecstatic to have Sara join the infotex team!  I feel she is an excellent addition to help with the creative […]