Commercial Foreclosures $1.4 trillion in commercial mortgages coming due are underwater

Hey D.C. Here,

Based on the comments on the blog posted last night after the webinar, I’m sure you enjoyed the training last night. We packed it full of content for you. We went over the 3 profits centers in distressed commercial real estate and gave out the resource where to find these troubled assets and banks.

The FDIC has 552 banks with $345.9 billion in assets on its confidential problem list as of Sept. 30, a 33 percent increase from 416 lenders with $299.8 billion in assets the previous quarter, the agency reported last month.

We’re doing part 2 of the training this Wed night. Register here:

www.dcfawcett.com/go

Overdue commercial property loans reached 4.6 percent in 1992 during the savings and loan crisis, when the U.S. created the Resolution Trust Corp. to sell off real estate and non- performing mortgages held by insolvent lenders.

We’re already seeing a higher default rate right now than we had during the savings and loan crisis. Commercial loans that were originated in 2007 are defaulting at 4.28%. Loans originated in 2008 are defaulting at 7.82%. The delinquency rate is expected to double in 2010 continuing into 2012.

More than half of the $1.4 trillion in commercial mortgages coming due nationwide in the next five years are underwater. The banks are not renewing these loans.

So what’s the solution?

Use one of our 3 profit strategies that you give you immediately cash now in the form of a hefty finder’s fee, monthly cash flow on the interest rate spread, and a huge chunk of cash when we sell the property later. All you have to do is find the deal and send it to us and we’ll do all the work for you. We’ll cover all the details of our distressed commercial real estate partnership Wed night.

Get access to Wednesday’s webinar here:

www.dcfawcett.com/go

There are about 8000 banks in the US. In 2009, 130 banks failed. It’s expected that 600 more banks are going to fail by the end of 2011. This is a virtual goldmine and we’re going to show you how to take advantage of this wed night.

Some analysts are predicting that commercial property values could decline as much as 50 percent from their peak in October 2007, while high unemployment and the current economy continue to reduce demand for apartments, offices and retail space. With the commercial real estate sector expected to lag behind the broader economic recovery, analysts expect commercial real estate delinquencies to continue to rise in 2010. When the demand for rentals goes down, the rental rates go down and the vacancy rate goes up with decreases the income the property generates. When the income of a commercial property goes down, the value goes down and you get a SWEET deal.

Commercial property values in the US declined in October to the lowest level in more than seven years as unemployment reduced demand for apartments, offices and retail space. Prices were down 36% from a year earlier and are now 44% below the peak in October 2007, Moody’s Investors Service said. Office vacancies may approach 20% next year as employers hold off hiring.

The number one issue facing commercial real estate right now is the value declines that we’ve seen since prices peaked. The property owners owe more that the property is worth. There is limited funding available for commercial properties. The investors that have CASH or private money will be able to capitalize on all of these awesome deals.

I’ve got great news for you. We have the CASH and we want to partner with you on these deals. All you have to do is find the deal and send it to us. You’d be crazy not to leverage your existing contacts and relationships to bring in these distressed commercial deals. It only takes 1 of these deals to retire on!

$1.4 trillion in commercial debt is coming due over the next 5 years. And half of that $1.4 Trillion is upside down. Can you say “COMMERCIAL SHORT SALE GOLDMINE”? This is the time we’ve been waiting for. The real estate market is not bad. It’s awesome.

Join me wed night at 9:00 pm ET.

Get in HERE:

www.dcfawcett.com/go
Talk to you wed night,

DC

P.S. Some of the comments on the blog and emails we’ve received today are asking for a replay. We cannot post a public replay of PART 1 of this training but my commercial foreclosure partner that did this training with me will allow me to post it on the VSSI VIP private members only site for all of our student partners. You must be a VIP PLUS, GOLD or Platinum member to be a student partner.

The replay is posted on the VIP PLUS page in your private members only site and all VIP PLUS, GOLD and Platinum members have access to the VIP PLUS page. You can thank me later.

P.P.S. If you attended the webinar last night and would like to leave us some comments or questions for us to answer this wed night, submit them on this page:

www.callwithdc.com/commercial