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<a href="http://www.accessmylibrary.com/coms2/summary_0286-10760416_ITM" title="Facts and information about New York To Sell Problem Realty Loans.(Brief Article)">New York To Sell Problem Realty Loans.(Brief Article)</a>
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New York To Sell Problem Realty Loans.(Brief Article)
The New York Department of Citywide Administrative Services is selling a pool of approximately 300 mortgages with total outstanding charges of almost $30 million to a special-purpose trust named the NYC Mortgage Sale Facilitation Trust-2001.
The sale is expected to close in June 2001. The trust will then sell the pool through a competitive bidding process on a servicing released basis. The loans are primarily on commercial properties located throughout the five boroughs.
A bid package describing ...
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