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Updated almost 5 years ago on . Most recent reply

Sam B.'s profile image
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Sam B.
  • Member since Feb 15, 2019
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Sam B.'s profile image
Sam B.'s profile image
Sam B.
  • Member since Feb 15, 2019
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Sam B.
32
Votes |
106
Posts
Commercial Real Estate Investing

Office property foreclosure

Sam B.
Posted

Hi guys, I am going to make an offer on an office property that is currently bank owned. Any tips in terms of seller motivations that are different with banks than dealing with a normal sales process?

Bank that owns the property is a public company, but smaller in size.

Thanks

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Wayne Brooks
  • #1 Foreclosures Contributor
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  • Member since Jul 27, 2012
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Like any other reo, they want to get as close to market value as they can.

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