Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!americast.com!americast.com!americast-post Newsgroups: americast.latimes.money From: americast-post@AmeriCast.Com Organization: American Cybercasting Approved: americast-post@AmeriCast.com Subject: BANKING & FINANCE Date: Sat, 7 Nov 92 09:20:14 EST Message-ID: HEADLINE: BANKING & FINANCE Publication Date: Friday November 6, 1992 BYLINE: RTC Puts Great American Assets on the Block: The Resolution Trust Corp. is soliciting bids on a $474-million book value portfolio of land and loans secured by land from the failed Great American Federal Savings Assn. of San Diego. The RTC seized Great American in August, 1991. The portfolio being offered includes 56 loans secured by land, 47 of which are non-performing. In addition, there are 23 residential and commercial sites. The loans have a book value of $386 million, while the real estate assets have a book value of $88 million. The deadline for submitting bids is Nov. 30. This article is copyright 1992 The Los Angeles Times Home Edition. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM