OfflineThe Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
An independent agency of the federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure. Savings, checking and other deposit accounts, when combined, are generally insured to $250,000 per depositor in each bank or thrift the FDIC insures.
To find properties in your area, go to www.fdic.gov and click on:
1.Investors
Current assets for sale by the FDIC.
2. Select your state and enjoy and make the OFFER.
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"If you cannot do great things, do small things in a great way.”
Napoleon Hill quote
Thanks for the information and insight on the FDIC. It is usually a good idea to bookmark these sites that may have properties for sale and either register for auto-emails when a property becomes available in your target area or check the site on a regular basis. You never know where your next lead or deal may come from. Good luck with all your future deals. Believe and Achieve!
- Joe
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