posted by Jack
Click this link to see a list of failed banks. Click here.
Tip: Did you know you can buy loans from the FDIC? When the FDIC takes over a failed bank they also manage the banks assets and this includes their loan portfolio. These loans can be sold to the public. A bank loan portfolio may include well secured commercial and private properties and sometimes excellent personal notes. The loans can range from under a thousand into the millions.
It is possible to buy a 1st deed of trust from the FDIC for a dscounted price and resell it to someone else for a profit or hang on to it and collect the interest plus principle.