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Resolution Trust Corporation: Real Estate Activities in Bellevue, Washington

GGD-91-18FS Published: Nov 09, 1990. Publicly Released: Nov 09, 1990.
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Highlights

Pursuant to a congressional request, GAO reviewed the Resolution Trust Corporation's (RTC) activities in Bellevue, Washington, focusing on: (1) thrifts and real estate assets placed under RTC control; (2) high-value real estate property managers and their salaries; (3) real estate assets that RTC sold and the purchasers of sales over $1 million; and (4) the number of real estate agents that RTC qualified for contracts, and the reasons why RTC disqualified some agents.

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Bank failuresFederal property managementInsured commercial banksLicensesProperty disposalReal estate purchasesReal estate salesReal propertyReal property acquisitionSavings and loan associations