'I talked to her on Sunday and she sounded out of it, but again promised me that she was okay.' He said that he was shocked when he heard that Kacey was hospitalized.'I told her to just lay low and not do anything crazy because I’d be off the grid Monday and then I hear about this and she’s in the hospital.' Kacey is said to be still being treated at the Northwestern Memorial Hospital today, where she is undergoing a mental evaluation.But Blatt said that he has heard no news from his client.'I haven’t talked to her yet and the hospital won’t give me information because I’m not family,' he said.'I wish her the best and I’m happy she’s alive.Over half of the 0,000 Laguna Madre parcel lies underwater.There is no sewer hookup and no sea wall, and there are high fees to maintain a private bridge that connects the island with Port Isabel on the mainland.
All told, RTC officials estimate they now must dispose of close to billion worth of real estate currently on the books of 268 failed thrifts in 33 states. Most of the properties will fetch pennies on the dollar’s worth of book value – if they can be unloaded at all.
RTC inherited the property when it took over the bankrupt Southwest Savings & Loan Association earlier this year.
“There’s not a great market for 53,000-square-foot houses,” says Jack Lake, the RTC agent charged with finding a buyer.
Karmin For the grab bag of less luxurious listings that constitute the bulk of the RTC portfolio – foreclosed homes, motels, shopping malls, office and apartment buildings, industrial parks and vacant land – the market seems even more forbidding.
Still, plucky sales agents are rising to the challenge.