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Collected from Loopnet.com and AJC.com reportsSo far ten banks have failed in Georgia and the FDIC is selling off their loans through two approved loan brokers. Debtx.com is the approved loan seller for east coast including Georgia. According to crenews.com, the FDIC has sold $1.2 billion in commercial mortgages at roughly 62 cents on the dollar. $702 million of those loans were classified as performing and sold for 79 cents on the dollar. While $304 million in non-performing loans sold for 33 cents on the dollar. The subperforming loans sold for 46 cents on the dollar. 
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