Commercial Insight

Recently we have acquired several CREO's (Commercial Real Estate Owned) this term simply stated is Commercial Real Estate that is owned by a bank and has been foreclosed on and is now once again for sale. Currently we are dealing with 3 or 4 banks and look for that number to increase over the next several months.
Since this type of property is becoming a big part of our business we are adapting to accomodate.
Actually once a property reaches this stage of the game it can be bought at a reasonable price and decisions by the Bank are usually made quickly since they have title to the properties and are anxious to move them. Don't expect to steal the property however in most cases they are priced to sell at the posted price.
This is not something you want to go it alone you will need a trained proffessional in your corner.