Marketing and Selling Real Property on an Individual Basis and Disposition of Real Estate-Related Assets

Resumo

The Resolution Trust Corporation (RTC) is adopting the interim rule, which was published at 59 FR 47790 on September 19, 1994, as a final rule without change. The rule provides policies and procedures, required under subsections (w) (2) and (3) of section 21A of the Federal Home Loan Bank Act, for the marketing of real estate owned (REO) assets on an individual basis and for the disposition of REO assets with a book value of more than $400,000 and non-performing real estate loans with a book value of more than $1 million.