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Commercial Foreclosures

Commercial foreclosures are a great investment for anybody that owns a company, or anybody that is looking for a great investment property. Commercial foreclosures are very similar to home foreclosures. Simply put, commercial foreclosures take place when the owner, or mortgagee, defaults on their loan payment. This means that the lender will take over the property. Commercial foreclosures are then usually sold back to the public so that the lender does not lose any more money on the deal. They will try to sell commercial foreclosures as quickly as possible, so there is a very good chance that you will be able to get a great deal.

Who Purchases Commercial Foreclosures?

There are two types of people that purchase commercial foreclosures. The first batch is people that own businesses and want to also own their own building. Many times business owners do not want to spend a lot of money buying property, but find that commercial foreclosure properties offer them a way of getting what they need at a good price.

Commercial foreclosures are also bought by real estate investors. Most of the times these investors will purchase commercial foreclosures, and then rent them out to people that are in need of office space. Investors have found that commercial foreclosures are a great way of sustaining a steady, monthly income.

Where to Find Commercial Foreclosures

Commercial foreclosures are available nationwide; you just need to know where to look.

1. You can find commercial foreclosures online by becoming a member of a site like Foreclosure-Auction.net. This way you will have access to thousands of commercial foreclosure auctions that are updated daily. If you are a little bit leery of using an online service, Foreclosure-Auction.net offers a no obligation 7-day trial membership.

2. Commercial foreclosures can also be found in the newspaper. Many people turn to this route because they are familiar with the territory. Even though good properties can be found this way, you will not have a large selection of commercial foreclosed properties to choose from.

As you can see, commercial foreclosures are not hard to find. If you fall into one of the two categories above, business owner or investor, you should look into commercial foreclosures.

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