The FDIC retains all types of real estate from failed banks, including:
- Residential
- Commercial
- Land
- Bank Premises
FDIC sells real estate using brokers, auctions, and direct sales.
Properties for sale are listed on the Property Listing Site (PLS), a website owned by an FDIC third party contractor.
Some properties are sold by the FDIC on the Bargain Properties page. Bargain properties are sold by FDIC and are typically sold "as-is, where-is, with all faults."
Real Estate and Property Sales Event(s)
| Description | Property Type(s) | Location |
|---|---|---|
| There are no real estate and property event announcements at this time. | ||
Documents and Guides
To request a hard copy of the following forms, please visit the Public Information Center for more information. Information about how to download and use these files is at PDF Help & Word Help.
Sample Purchasing Contracts
Required Documents for Becoming a Purchaser
Federal Regulations and Program Advisories
Tenant Protection Act
Title VII of Helping Families Save Their Homes Act of 2009.
Historical Data
History of closed real estate sales information ranging from January 1, 2010 to present.
Frequently Asked Questions
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| Questions and Answers |
|---|
| How does the FDIC obtain real estate? The FDIC retains real estate from failed financial institutions and may obtain additional real estate through foreclosure. |
| What types of real estate does the FDIC sell? The FDIC sells various types of real estate including commercial properties, multifamily and single family residential, developed and undeveloped land, and bank branches. |
| Where can I find more details on FDIC real estate? The online listing for each individual property owned by the FDIC will typically include the name, phone number, and e-mail address (if available) of the local real estate agent and/or broker, and the FDIC real estate contractor. Any of these parties will be able to provide more details on any property of interest. |
| How does the FDIC market and sell real estate? Properties are generally sold individually through listings with local real estate agents and/or brokers, who are hired by FDIC real estate contractors to assist in the marketing and disposition of properties on behalf of the FDIC. Occasionally, the FDIC conducts open “outcry” and online real estate auctions. All properties are sold on an “as is, where is, with all faults” basis. The FDIC makes no guarantee, warranty, or representation, express or implied, as to the location, quality, kind, character, size, description, or fitness for any use or purpose, now or hereafter with regard to any of the properties listed. |
| Where can I find information on FDIC real estate auctions? Auction announcements can be found on the FDIC Real Estate and Property Sales web page. Advertising may also appear in local, regional or national newspapers or other media in each event’s local and/or regional area. |
| How are list prices established? List prices are established by a variety of factors which may include, but are not limited to, independent appraisals, broker opinions of value, property condition, time on the market, and/or current market conditions. List prices are subject to change without notice. |
| When the FDIC receives my offer, how is it evaluated? Various criteria are considered when evaluating offers from prospective purchasers. They include, but are not limited to: appraised value; purchase offer amount; earnest money deposit amount; how the purchase will be funded (e.g., cash or financing); due diligence, inspection, and closing periods; net sales proceeds; and the submission by the prospective purchaser of all complete, fully executed documents required by the FDIC. The FDIC reserves the right to accept, reject, and/or counter any offer. While reviewing such offers, the FDIC further reserves the right to continue its sales efforts, including responding to any other inquiries or offers from other parties concerning the purchase of a property. |
| Does the FDIC provide seller financing? The FDIC does not provide seller financing for the purchase of real estate. |