Lately many investors have been wondering where are all the Atlanta commercial real estate foreclosures at ?

The problem is you have to understand how the banking system works.In residential real estate federal regulators force banks to writedown bad loans where borrowers are in default. Many residential loans are held by national big banks that can absorb these losses as they have hundreds of thousands of loans on their books. Some are performing,some are in default but they have plenty of reserves to take losses.

In the Atlanta commercial real estate market most commercial mortgages are held by regional and local banks.During the residential REO mess these banks were heralded as making good loans in the the booming commercial real estate sector. Now years later the Atlanta commercial real estate market is on the downswing. Federal regulators are not pushing banks to writedown the loans because taking a loss on a few could put the local banks under.

Pretending commercial loans are not in defualt  has been called "extend and pretend" and "stay and pray". Putting off these loans is only delaying the recovery of the market. This is why there has not been  a wave of Atlanta commercial real estate foreclosures yet.

With foreclosures slow to hit the market it is important you have a Georgia commercial broker help you locate the deals before they get snapped up. 

Joel Owens 678-779-2798  joelowens@comcast.net