Residential Capital, LLC filed a motion in the US Bankruptcy Court for the sale of its certain assets on January 2, 2013. The debtor seeks the Court's approval for the sale of its certain assets to the stalking horse bidder. The debtor's assets include Federal Housing Administration Loans.

To qualify as a qualified bidder, interested parties should submit their bids by February 6, 2013. The sale hearing is scheduled for April 11, 2013.