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FDIC in Real Estate Business

Detective Krum

It appears the Federal Deposit Insurance Corporation (FDIC) is in not only selling securities but, the real estate market as well.  Here is a partial list of properties “FDIC” is selling:

715 Stephens  Saginaw, Michigan  A two unit converted house for

$ 7,500 or best offer

5516 Oldtown  Detroit, Michigan A single family residence 3 bedroom 1 bath and 1250 square feet for $ 8,500 or best offer

To see more properties and get particulars on the properties listed here go to FDIC property information here.

The question is, who regulates FDIC in securities trading and in real estate sales? What law provides FDIC the ability to engage in securities and property selling?

 

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November 25, 2009 - Posted by | 1 | , ,

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