Jul 20, 2009
Fire Sale: Investing in Distressed Properties
Commercial foreclosures should increase in the remaining months of 2009 as banks refuse to renew loans or require additional collateral on existing loans. As the banks sell off these distressed assets, prices will decline substantially. But once the bulk of these assets are sold, prices should rebound.
Commercial foreclosures should increase in the remaining months of 2009 as banks refuse to renew loans or require additional collateral on existing loans. As the banks sell off these distressed assets, prices will decline substantially. But once the bulk of these assets are sold, prices should rebound.
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