Friday, November 21, 2008

Commercial Real Estate Foreclosures

These are trying times, many real estate investors are finding themselves in positions they never dreamed of; commercial real estate foreclosures are on the rise and are expected to get worse. If you find yourself being challenged by the market, I can help.

Short sales in commercial real estate are going to become the reality for some investors. The process can be simple really; it can be certainly better than dealing with the lender if you are in foreclosure.

Here is how it works. Utilizing my marketing program I find a willing and able buyer who will purchase the property at its current market value and then renegotiate the loan with the lender.

I have had numerous conversations with clients and lenders over the past several months; lenders are not renegotiating current loans. You have to prove current market value by bringing a qualified buyer, or talk with them during foreclosure proceedings.

I hope that all my clients can weather this storm, but I’m finding even my most sophisticated clients are being challenged.

I’m helping them, can I help you?

No comments: