SOMERSET, N.J., - The Resolution Trust Corp. said it received an "overwhelming response" to auctions of residential and commercial properties in New York and New Jersey on July 16 and 17.

Mark Glannon, auction coordinator at the RTC's metropolitan New York and New Jersey sales center in Somerset, N.J., said 69 of the 78 properties offered were sold for a total of $12,086,500, or 96% of broker opinion and 65.1% of appraised value.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.