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Updated over 12 years ago,

User Stats

24
Posts
7
Votes
Jared Orme
  • Gainesville, GA
7
Votes |
24
Posts

FDIC limits the banks?

Jared Orme
  • Gainesville, GA
Posted

I recently had a real estate agent inform me that FDIC had required a bank to set the asking price for the property at the loan value and not the actual property value.

Basically the 1 acre lot andmobile home is worth right at $8,000 but they were unable to accept any offer below $17,000.

Is the FDIC getting involved in the property value floating? or is this a special case where a bank is distressed and the FDIC is exerting its influence?

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