Properties to Be Auctioned
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Two federal regulatory agencies will sell more than $100 million worth of residential and commercial investment property at a New York auction early next year.
The properties, which the Federal Deposit Insurance Corp. and the Federal Savings and Loan Insurance Corp. obtained when they foreclosed on several banks and savings and loan associations, range in value from $1 million to $35 million.
Local offices of Cushman & Wakefield will assist potential bidders and arrange for pre-auction inspections. Although the date of the auction hasn’t been set, it will be held during the first three months of next year in New York City at Christie’s main sale room.
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