FDIC Foreclosed Land Sealed Bid Event Opens Today
In today’s Wall Street Journal, the FDIC announced a sealed bid sale of over $12,000,000 worth of raw land and residential lots in Metro Atlanta. For the past year, Fitzgerald Land has listed and marketed FDIC owned land and lots but this is first time any of the properties have been offered in a sealed bid auction.
Bids are due by May 12, 2010 and potential purchasers are encouraged to perform their due diligence ahead of submitting a bid. Bids will be evaluated based on the conditions of the sale as well as the bid price. For example, two bids might be received for the same amount, but the bid with the quick close will win out.
Please contact one of our agents today if you would like to learn more about this exciting opportunity to purchase land and subdivision lots at unbelievably low prices. We can provide you with sample bid forms, bid instructions and due diligence information on the properties offered for sale.
UPDATE: The properties are posted at http://sealedbidlistings.cbre.com Contact us if you would like to place a bid.