Over the last several months, we have engaged some banks in assisting in selling some of their distressed assets. Sometimes the property is owned by banks from foreclosure. Other times, the bank is asking to sell the note, prior to foreclosure.
We have seen a very wide array of asset types, everything from unfinished residential development and raw land to retail centers that are marginally to nearly cash flow positive.
Last month we closed a deal that was almost 25% below the County Assessed Value. This is to provide you a sample of the value of the some of the deals we have seen.
Please let us know if we should contact you with deals when we receive them. It would be helpful to let us know as much detail as possible about the types of deals that you would consider.
If you are interested in receiving updates on deals that come available, please register for our site by clicking here.
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