CXRE » Foreclosure

How Banks Can Benefit from REO Commercial Property Management

As the Coronavirus continues to take a toll on the global economy, many commercial real estate property owners and commercial property management companies are experiencing significant financial hardship. With millions of Americans out of work, tenants are unable to pay rent. As a result, property owners face the possibility of missed mortgage payments, bankruptcy, or foreclosure. At CXRE, we are working closely with banks and other lenders to effectively manage acquired properties, dispose of relinquished assets, and ensure financial stability in the commercial real estate arena. Here, we’re examining ways for banks and lenders to manage and offload newly acquired relinquished properties. However, as more property owners relinquish their commercial real estate, they become the responsibility and liability of financial institutions and lenders. With the potential for an influx of foreclosed CRE properties, how can banks effectively manage these properties without becoming insolvent themselves? How Coronavirus is Impacting Commercial Real Estate The COVID-19 virus (also […]

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