Phoenix, AZ (PRLEAK) â" REO properties in Arizona are currently hot buys, with enormous opportunities for small and large investors to pick up properties in bulk. These properties are at a fraction of their original price, and are great short, as well as long term, investments. According to Beth Jo Zeitzer, President / Designated Broker of R.O.I. Properties, getting such a low price is something that investors cannot achieve on their own. The company has put together the expertise to help commercial investors in the bulk buying process, with a number of multiple exit strategies. Investors have the chance to pick up REO properties without needing to contact banks, attend auctions, or search for opportunities in the market themselves.
Robert Kline of RW Kline, LLC, supports the idea of investing in commercial properties in bulk, which has many advantages. Tenants, as well investors, tend to benefit from preventing retail foreclosures. Foreclosure is a lengthy process and can cause interim problems such as insurance, security, and maintenance. Moreover, in spite of implementing the Troubled Asset Relief Program to offset losses from bad commercial loans, the government does not have the required support for commercial loan modifications. A whopping 3.5 trillion dollar in commercial mortgage debt, and no hope of payments for over two-thirds of securitized mortgages, doesn't help the situation in any way.
The first 8 months of 2009 showed a 30% decline in REO sales transactions than the previous year, with a total of $1 billion as compared to a total sales volume of over $1.4 billion the previous year. For further information on bulk REO properties in Arizona, visit ROIPropertiesAZ.com.
About R.O.I. Properties: R.O.I. Properties is an Arizona based full service brokerage firm that specializes in foreclosure, bankruptcy, and probate properties. The firm assists banks, lenders, asset management companies, and other turn around professionals with the sale of residential and commercial real estate.
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