Frequently Ask Questions


1. I am interested in a few properties off the current listing. How do I find out more information relating to those properties?


Each property will have a contact name and phone number. The contact name will either be an individual from an FDIC office or an individual associated with the sales initiative (e.g. Auction Company, Real Estate Broker). If a property information package ("PIP") has been prepared on a particular property, it can be obtained from this individual.


2. How often is the listing of properties updated?


It is ResolutionXpress intent to update the listing of properties by close of business each Monday. Therefore, with the volatile nature of the real estate business, it is important to contact the individual associated with a particular property to find out if the property is still available since the last update.


3. What is the condition of properties sold?


All properties are sold in an "AS IS" condition. ResolutionXpress, Quantum Partners and subsidiaries makes no guarantee, warranty, or representation, expressed or implied as to the location, quality, kind, character, size, description, or fitness for any use or purpose, now or hereafter.


4. How is the Listed Price established?


Listed prices are established by a variety of factors which may include independent appraisals, brokers' opinion of value and current market conditions. All prices are subject to change without notice.


5. Once an offer is submitted on a property, how is my offer evaluated?


A number of criteria are considered when evaluating offers from prospective purchasers. These include, but are not limited to, net funds received after deducting brokerage commissions and sale expenses, and payment terms considered in light of the applicant's credit worthiness and ability to perform. The FDIC reserves the right to accept, reject or counter any submitted offer. While reviewing such offers, the FDIC further reserves the right to continue its sales efforts, including responding to any inquires or offers to purchase the property.