ALEXANDRIA, Va. – NCUA's Asset Management Assistance Center (AMAC) is selling off non-performing consumer, charge-off and deficiency balances, which the center does periodically, it announced this week. The package has a face value of approximately $3.6 million. Bidder packages are available through the AMAC at 512-231-7900 or [email protected]. The timeline for the loan sale is: *Due Diligence Review: Through Nov. 8 *Bid Date: Nov. 8 – 5:00 p.m. CST * Closing Date: Nov. 12 * Payment Due Date: Nov. 22 * Transfer Date: Nov. 27 The AMAC was organized in 1988 to conduct liquidations and manage and recover assets, conservatorships and records reconstruction, as well as aiding the regions review complex loan portfolios, bond claims
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