FDIC to offer 200 properties at auction. (Federal Deposit Insurance Corporation auctioning properties at various U.S. locations, December 14 and 15, 1993) From: Real Estate Weekly | Date: November 17, 1993 | COPYRIGHT 1993 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

On December 14 and 15, investors from across the country will plunk down $50,000 to become bidders at one of the largest government-sponsored auctions in history. They will be bidding on 200 commercial real estate properties in 26 states being offered by the Federal Deposit Insurance Corporation (FDIC). The properties range in value from $500,000 to $18 million, with an aggregate total of one half billion dollars.

The auction takes place on December 14-15 in Boston and i...

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