Having auctioned good loans, bad loans, and real estate, Resolution Trust Corp. now plans to auction the rights to go after borrowers whose loans have already been charged off.

"You've heard of the good, the bad, and the ugly? This is the ugly," said Joel b. Segart, president of JBS & Associates, the auctioneer conducting the Dec. 10 sale in Atlanta. Although the loans were charged off, and the collateral foreclosed, many of the borrowers granted recourse to the lenders or signed personal guarantees.

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