The Commercial Real Estate Market is in CRISIS and it will be the next foreclosure wave to hit the United States. Yes, this is a nationwide problem and every state and city is being affected by it as you read this. Just take a look in your town and you will see many vacant buildings and strip malls. Office space vacancies are at an all time high. If the commercial property owners can't collect enough money to pay their mortgage payments then they will default and eventually be foreclosed on if the do nothing about it.
Commercial Short Sales are the answer to this problem. Just like the residential market, commercial properties were over priced and many commercial owners are upside down on their mortgage. It is very unlikely that the values will return to its peak and if it does, it will take a very long time to do so. Commercial property owners do not have the time to wait. Many of the loans are coming due and they will not be able to refinance due to the upside value of their properties. They will need to turn to real estate professional to help them short sale their properties.
So, if you're a real estate agent, now is the time to jump into commercial industry and learn how to successfully short sale commercial properties. Don't be afraid, it's similar to residential but with some differences that can be learned quickly. You can become very sucessful and get you foot in the door to commercial real estate. Hurry! Don't let theOpportunities pass you by. For more information visit: http://www.cssinstitute.com