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Frequently Asked Questions for Asset Sales  

Q.Where can I find a house or property to buy?
A.The FDIC Real Estate for Sale page is a searchable database of all FDIC-owned real estate for sale. 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. Additional questions and answers can be found on Real Estate Sales FAQs.
Q.How can I buy furniture or equipment from the FDIC?
A.The FDIC sells various items such as furniture or office equipment in two ways – as the leftover assets from a bank failure or through liquidation of old FDIC-owned property. For information about failed bank items, please visit Other Assets from Failed Banks; for information about FDIC excess property, please visit FDIC Excess Office Equipment.
Q.Can I buy loans from the FDIC?
A.A loan sale is a commonly used term for the sale of loans or loan pools. Loans acquired by the FDIC from failed financial institutions are generally sold in pools through sealed bid sale or English outcry auction.

The FDIC markets loans through two loan sales advisors:

First Financial Network

Debt-X, The Debt Exchange

When FDIC has loans available for sale they will be assigned to one of the two loan sale advisors and the loans will be market on their respective websites. The loan sale advisors will provide approved bidders information on the loan pool(s) being offered for sale. Each advisor has the ability to offer both electronic due diligence on their website and hard copy due diligence. Each of their websites has an internet bid platform where bids on FDIC loan sales will be submitted.

If you are interested in participating in a loan sale offering, you are recommended to contact each of the loan sale advisors and request an account on their web site. Each advisor has their own requirements for granting access to their site. You are encouraged to make application so you will receive notice of any FDIC loan sale offering.

Q.Do you have historical information on FDIC property sales?
A.Closed Real Estate Sales is a searchable database with real estate sales results from 1995 to the present. Closed Loan Sales provides data on pools of loans sold from 1994 to the present.

Last Updated 1/4/2008 webmaster@fdic.gov

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