Has anyone done a deal on new construction where the FDIC holds the underlying loan on the unsold lots?
I'm 5 weeks into a deal and my client is getting itchy feet, I am too.
I know the listing agent/contractor is doing the best they can, but we have not heard anything from the FDIC.
Anybody with an experience with the FDIC holding a mortgage would be helpful. It's not actually the FDIC, but a sub-contractor for them thats handling this matter.

Thanks in advance!