AOH :: CH9.TXT|
Buy your next home or commercial proerty at a distress sale
BUY YOUR NEXT HOME OR COMMERCIAL PROPERTY AT A DISTRESS
Buy your next home from the Resolution Trust
Corporation (RTC). Or buy two, and sell one at market
value. The RTC has control of more than 20,000
foreclosed homes around the country and is selling them
at distressed prices. Many sell for around 85% of
their appraised values. You may have to deal with a
complex bureaucratic process, but you could end up with
an excellent housing buy in the end.
The Resolution Trust Corporation, set up by the
government to liquidate assets of failed savings and
loan associations, still has a lot of property for
sale. Today the RTC is making it easier than ever for
individuals and small investor groups to purchase
assets. It's called the Small Investors Program. And
it's designed to provide the smaller investor better
access to RTC offerings.
They have a special toll-free number dedicated to
small investors, so you can have instant access to
information about auctions, sales events and seminars,
financing, and opportunities for minority- and woman-
owned businesses. Call RTC at (800)421-2073, and find
out about their Small Investors Program.
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