Everyone likes a bargain and right now they're everywhere. Commercial foreclosures are popping up right and left.
Right now we have a contract on a commercial foreclosure (good deal), a buyer with 20% down and excellent credit.
What's the problem you may ask.
We can't get funding. Banks are now hinting about 25% down and looking cross-eyed at properties that don't perform like a Rolex watch.
Here's a little tip - Find the Jingle Bell Rock in the WRVR 104.5 contest and sell the van. It will be faster than waiting on bank financing these days.
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